While American Hoi Polloi Sneer At Gold, China Hoovers It Up...

This comment was sent to me from a long-time colleague who is over in Beijing right now.  He himself has been accumulating gold and silver for several years: 

Went to a major dept store that sells gold. 100 oz bars selling for cash. 3 or 4 deep lines of people buying. No photo taking allowed unfortunately. Mob scenes. Food up sixty percent in two months. Talk about deflation and people laugh at you as an idiot. Prechter would be stoned to death here.

The media dismissed the threat of inflation in the U.S. by rationalizing that the U.S. is "exporting" inflation to China. There is just no basis in fact or truth to that nonsense.  Inflation is starting here and will become unmanageable, especially for those on fixed incomes and social security.  Good luck.  Got gold?  It's your only shot at protecting yourself and your family from our Government.