What do you think inflation in the U.S. is? The official government value of 2-3% or more like 9-10% calculated by John William's Shadowstats.com?
Do you believe that hyperinflation is possible?
I have greater faith in the established measures that have been used since the 1940's. No hyperinflation or sign of it yet... LINK
I do believe that hyperinflation is possible, but I do not believe that it is predictable. If it were then every investment house would be in the arbitrage business.
This makes absolutely no sense. Why?
The core of the tulip bulb phenomenon was that there was for some time a never ending supply of irrational investors willing to buy tulip bulbs at a price higher than the seller actually paid for them. Like all things an asset eventually reaches a price where there are no buyers, be it tulips or Gold and the bubble bursts.
Just one man's opinion, I'm not assaulting one's choice to do Gold. It's just not for me...