are we headed for a depression, page-12

This IS rocket science to me. I can only note what commentators say and give extra weighting to those who have had the best crystal balls in the past. That includes Jim Puplava.

He thinks a recession which the central bank "buys" us out of, which then tips us into hyper-inflation. He dismisses depression because Keynsian economists will print as money as needed to prevent one. (Sounds right to me) One could not use the words "Bernanke" and "depression" in the same sentance.

Gold is very useful in either scenario.