“As far as I’m concerned, the ‘word’ is out. The US will default on its monster debts. The US will default via systematic inflation. This will gradually “kill” the dollar. The protection against declining purchasing power of the dollar (brought on by Fed inflation) is gold. As this is recognized by the masses, gold will move higher. Ultimately, this will develop into the speculative third phase of the gold bull market. The Russell opinion — this is the time for gold accumulation and patience, a lot of patience.”
