One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money.Interesting push back in the comments at that link.
A German banknote from the great inflation of the Weimar Republic. I saved it from when I used to collect such things as a kid:
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| A 10,000 Mark note from 1922. |
