Bob Chapman : Inflation is around 7%

Bob Chapman : Anywhere between 5% and 8.25%. I would say around 7%. This went on 2.5 years ago when the government said that inflation was 5.5%, when in fact it was over 14%. It's two different worlds. The proof of that is when you see gold and silver run up like they did 2.5 years ago before deleveraging took place. These days gold and silver are again poking around new highs. That's a reflection of what buyers of gold and silver see coming. They're anticipating that there will be inflation, which is problematic because it steals purchasing power from the public.- in aureport

Marc Faber : Buy Gold Right Away

“If you don’t own any gold, I would start buying some right away, keeping in mind that it could go down,” says Marc Faber “The possibility of the gold price going down doesn’t disturb me,” says Faber. “Every bull market has corrections,” “No, gold is not in a bubble. It wasn’t in a bubble in 1973, either, but it still corrected by 40% then,” “I don’t believe gold is anywhere near a bubble phase,”

Bob Chapman : The FED will buy back the toxic securities they bought from Banks

Bob Chapman : Well, we had an $868 billion stimulus package. The Federal Reserve then created enough money and credit to bring that package assistance up to somewhere between $2.3 and $2.5 trillion. For that, we had approximately 16 months of attempted recovery. During that period of time, five quarters averaged growth between 3% and 3.25%. I feel that was a very, very high price to pay for a relatively sideways movement in the economy. Now we're back to square one. The recovery is not continuing. The Federal Reserve is talking about more quantitative easing. They're talking about buying back the toxic securities they bought from banks at a price they won't disclose. That move essentially cleared up the banks' books but at the same time encumbered the Fed's books, which they're now going to unburden by selling the bonds back to the same people they bought them from. Now, we don't know what the loss factor is because they won't tell us, so we have to ballpark it. Out of this money that's coming and going they have to come up with a figure somewhere in the vicinity of $1.2 trillion. That's what they're going to use for this quantitative easing. - in theaurreport