In case you missed today's speech at the Canadian Club. I transcribed this portion of his address from BNN just in case the mainstream media conveniently omits the naughty parts, namely that governments are required to prop up the Financial system ad nauseum. Translated, "hello inflation & a warm welcome to Gold/Silver as an essential Portfolio staple."
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"I've been through cycles, I've been through the 80-82, 90-91 cycles, the 911 cycle, the 1997 cycle, I've been through cycles. If you think this is only a cycle you're just wrong. This is also a permanent reset. There are going to be elements of the economy that will never be the same - ever. The financial systems are not going to bounce back & be the same as they were. The role of government as partner, as regulator, as financier - this is not a 2-year phenomena, this is a secular change, this is a decade, decades-long change."
Amen
ESL