muses of the moment

July 16, 2011

Latest from John Williams

Filed under: Gold and Silver Investing, Inflation, John Williams shadowstats, Precious metals — totallygroovygirlfriday @ 1:32 am

Not too pretty, ladies and gentlemen. Inflation running over 11% now, even with the “drop in gas”.

The latest from John Williams, you pay for the detail:

– Economy Falters as Key Indicators Put in Worst Performances
– Higher Energy Prices Create Broad Inflationary Pressures
– Despite Short-Lived Dip in Gasoline Prices June Annual Consumer Inflation Held at 32-Month High
– June’s Annual Inflation: 3.6% (CPI-U), 4.1% (CPI-W), 11.1% (SGS)
– Annual“Core” Inflation in a Steady Upside Move Since QE2

John tells us that gold and silver are nowhere near a top. The (John’s real) inflation-adjusted high in gold from 1980 would be $8,545 today. And silver would be $497. Ben can devalue all he wants, but gold and silver always end up finding the real value of the currency they are priced in. John’s numbers are gg’s current targets. Much more upside here. The greater the printing, the higher the number. Many be a while, but we will get there.

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