Yes, the inflation genie is well and truly out of the bottle....

Yes, the inflation genie is well and truly out of the bottle. The chickens from all the money printing are coming home to roost. Even if nominal rates rise, in real terms, it will be drop in the ocean.

We are on the cusp of a major discovery, just as gold is about to reassert itself in an inflationary (or stagflationary) environment.