When the bond market finally does crack, it is going to be one epic nightmare that is going to make 2008 and 2009 seem like a picnic. It will be a different kind of a crisis; but it will be anenormous crisis. These people that are bullish about stocks and bonds and the bond market, they do not understand anything.

We will hit a moment in time where there will be a rapid acceleration of the perception that people are being cheated via inflation by these money-printing policies. Why Americans seem to think there is no inflation just because the CPI says so, when their checkbooks every day ought to tell them there is, I cannot explain that. But there will be a change in psychology, and there will be a massive stampede into gold here and everywhere else around the world, because it is the only way you can protect yourself against these policies. – Bill Fleckenstein

Which leads Bill to:

Bill Fleckenstein: Hold Tight To Your Gold

Why it’s going to go “one hell of a lot” higher.  “There are confidence bubbles in stocks, bonds and the fiat currencies that will break – not may, but will –  and when they do, he sees no safe harbor for investment capital save gold”

.….read Bill’s analysis HERE