High inflation is hyperinflation, something the goldbugs waffle on about all the time but it never happens.
Then they'll bang on about Zimbabwe or the Central African Republic or something. There was high inflation in the 80's, around 25%, I had a lot of debt at the time, so it was pretty painful, but managed to squeak through it OK.
Inflation is bad for gold, but Peter Schiff tells everyone the opposite, and there's certainly higher interest rates on the way.
There's some Fed news coming up shortly about the tapering, and that could bankster the gold price even more.
