Tracking Gold and Silver ,Investment banks wall street The economy the dollar gold silver coins bullion shares and stocks
Monday, July 16, 2012
Bob Chapman : Inflation is around 7%
Bob Chapman : Anywhere between 5% and 8.25%. I would say around 7%.
This went on 2.5 years ago when the government said that inflation was 5.5%, when in fact it was over 14%. It's two different worlds. The proof of that is when you see gold and silver run up like they did 2.5 years ago before deleveraging took place. These days gold and silver are again poking around new highs. That's a reflection of what buyers of gold and silver see coming. They're anticipating that there will be inflation, which is problematic because it steals purchasing power from the public.- in aureport