by Jeff Nielson, Bullion Bulls Canada:
Most commentators in the precious metals sector still are not treating hyperinflation as a likely scenario — as “competitive devaluation” continues to relentlessly drive all of this paper to zero. I can prove this. How? Because these commentators continue to issue (long term) “price targets” for gold and silver.
Indeed, many articles discuss “revaluing” gold at some arbitrary number as some Final Solution to fix these broken markets. Revaluing? Clearly a reminder of the definition of hyperinflation is in order.
Paper goes to zero (near-zero). Prices for hard assets go to infinity (near-infinity). Not “5,000.” Not “10,000.” Not even “100,000.” We are no longer talking about “high prices.” We are talking about Zimbabwe prices.
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