I am sure most of you remember the real inflation back when Carter was president. Since then the Fed has learned what a huge mistake that was and if you read financial news, keeping inflation low is always the first issue mentioned.
'Printing money' isn't the literal behavior that has occurred in the past, but the effect was the same.
Now the Fed understands the big picture 'money supply' and they do a good job managing it.
Please also keep in mid that Russia is a hige gold producer and all you do by going gold is change from the US Fed controlling the money supply to Russia!
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Today's Featured Article - The Ferguson System Principal An implement cutting through the soil at a certain depth say eight inches requires a certain force or draft to pull it. Obviously that draft will increase if the implement runs deeper than eight inches, and decrease if it runs shallower. Why not use that draft fact to control the depth of work automatically? The draft forces are
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