You can literally see the penny drop in the reaction of the panel as a wave of realisation washes over them.
http://video.cnbc.com/gallery/?video=3000015563
I disagree with his views of Gold not being a bit short term bubbly at the moment and in my opinion is worthy of a pull back but in the long term it is real money and will probably maintain a longer term upward trajectory but his comments on underlying inflation in the here and now are spot on.
Chart courtesy of: http://www.shadowstats.com/alternate_data/inflation-charts
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