Let's not let the Fed be too quick to pat itself on the back for levitating the U.S. out of a Great Depression. Inflation in some commodity prices is waiting for us:
The Fed's deflation-fighting tactics will only accelerate the price increases driven by the natural forces described in the article. This is probably good news for gold (I still own ANV and GDX).
Global food costs jumped 7 percent in November, the most since February 2008, four months before reaching a record, according to the United Nations Food and Agriculture Organization.
Farm prices this year lagged behind copper futures that doubled and oil’s 57 percent increase.
The Fed's deflation-fighting tactics will only accelerate the price increases driven by the natural forces described in the article. This is probably good news for gold (I still own ANV and GDX).