Armstrong also states that inflation has passed gold by and gold is due a 'huge burst of price movement' in order to catch up with inflation.
Gold is a good investment NOT because of all the fiat nonsense, but because inflation has passed it by and there will be a huge burst of price movement. That will come when the Sovereign Debt Crisis hits the USA and that does not seem likely until 2015.75
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17.2 Day Decline
http://www.inflateordie.com/files/Gold%2003-25-2012.pdf