Armstrong is wrong! See here what he says twice in his misleading report..."Gold has NOT been the hedge against inflation as touted.".....WELL....NOT SO FAST Armstrong...Why is gold selling now at record high prices against the profoundly devalued Argentine peso? The answer, INFLATION...And, why are the Chinese and Russians buying Gold at record high tonnage? The answer: They're not stupid or blind...Gold is a traditional store of value and a hedge against inflation. They can see what's coming..... What Armstrong has not assessed in his incomplete report is what is obvious to many, and what has been well documented by GATA and others. PAPER GOLD PRICES ARE BEING OPENLY AND FLAGRANTLY MANIPULATED!!!.....Sans these shenanigans by the BB's, and as some have suggested, the Chinese too, GOLD WOULD BE SELLING AT MUCH HIGHER PRICES TODAY..