I could argue that US markets are already disfunctional, with their disregard to the affects of the pandemic on the US economy and their addiction to fed stimulus.
Gold and Silver will see significant rises. I expect gold to be around $2000 us Oz by year's end and Silver in the $25 to $30 an Oz range by year's end.
By definition inflation is happening, the Fed stimulus is inflation. The problem is that most of the inflation to present has manifested itself into asset price increases, aka the upward surge of the US stock market but there are signs it is starting to raise its ugly head in consumer prices, mainly in food prices, but may spread to other consumer goods over time.
Christopher
foreign exchange risk, page-40
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