GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

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

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