Inflation will come when people lose confidence in the dollar and suddenly dump dollars for any hard assets they can find.

  • Money velocity will accelerate but it won’t be into consumer goods. It’ll be into hard assets that hold their value over time, gold in particular. In other words, the best leading indicator of inflation won’t be found in the grocery store or at the gas pump. It’ll be found in the dollar price of gold.
  • When gold pushes past $2,000 per ounce toward $3,000 per ounce, that’s your signal that inflation in the price of everything else is not far behind. Don’t wait until that happens. Buy your (physical) gold now while it’s still affordable.