2 trillion euro saving deal on its way! :), page-48

QE3 etc is indeed hot air - more money like more drugs for the drug addict.

But it ultimately creates winners and losers:

Winners
- hard assets incl property, commodities and especially gold
- owe money that's devalued away

Losers
- savers/lenders
- people without hard assets

A gold 10,000 world would divide society brutally along the above lines.

If you think politicians will keep kicking the can with QE because the other form of reckoning is too unpalatable, you can prepare yourself accordingly.

What about the Losers that bought gold with their savings instead of putting it in the bank at decent interest rates to pay for the inflation created by various Central Banks Quantitative Easing policies could keep interest rates low and jack inflation up?

Finally I know what I am.
A brutal Gold hoarder, LOL!