In the past few months, I have been getting more and more concerned about the excessive amounts of QE programs being run around the world to squeeze out a bit more of the ever elusive GDP growth. I know, many others have raised similar concerns since the money printing began and the gold market has been a testament to the popularity of this notion (2009-2011) and its eventual demise (present). However, as the saying goes, the perception of risk is lowest when the danger of loss is highest. To be honest, no one really knows how this whole thing will end as we simply have no precedent of such low rates and increase in money supply to this extent. Basic economic theory would have predicted inflation by now, however that hasn’t materialized. Now either our whole understanding of economics until this point in history has been wrong or, more likely, ......