"That last time the real rates went negative was in 2007," he says. "At the same time the spot price of gold ran 51% higher. If you take Thursday's closing price and add 51% you get to $2220 and ounce.
For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
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China's Hot Inflation Drives Gold to $2200
Full Article and video: http://www.cnbc.com/id/42596474