Ever get the feeling that the big investors know where the dollar is heading but are afraid to say it out loud? Significant inflation is not a forgone conclusion, but seems where we are headed unless preventative actions are taken post haste.
"Gold prices touched a record high Tuesday after disappointing reports on Europe's economy, a weaker dollar and a seasonal increase in demand for gold jewelry.
Gold for December delivery touched a record of $1,276.50 during Tuesday trading, before settling $24.60, or 2 percent, higher at $1,271.70 an ounce.
Silver followed gold, rising 28.1 cents to $20.432 an ounce. It also touched a new high of $20.55 an ounce during the day.
The dollar fell against other major currencies, which typically leads to more investments in commodities. A weaker dollar makes commodities priced in dollars more attractive for foreign investors."