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The enlarged Primero would produce the equivalent of 250,000 to 270,000 ounces of gold next year from two producing mines and has the potential to produce 400,000 gold-equivalent ounces by 2017.
The enlarged Primero would produce the equivalent of 250,000 to 270,000 ounces of gold next year from two producing mines and has the potential to produce 400,000 gold-equivalent ounces by 2017.
(Ajay Verma/Reuters)

Hyperinflation: The worst investment call of the past five years

They say inflation destroys savings. Maybe so, but it has stiff competition from the many forecasters who overhyped the inflation threat in the wake of the financial crisis.

By now, according to the inflation scaremongers, after years of expansionary monetary policy, we in North America should be living in some sort of modern-day Weimar Republic. We should be kicking ourselves for not buying more gold, for not listening to more closely to Ron Paul while burning our useless fiat currency for warmth. (At least the old paper stuff. Canada’s new plastic bills aren’t even good for that.)