Inflation Continues to Record Highs, Good for Gold?

Price inflation in the USA continues to come in at record high levels. 

The current head of the US Treasury's public policy on raging price inflation has now apparently been reduced to…

Hopium - (n) an irrational or unwarranted optimism that things might change sooner rather than later (in this case, regarding raging price inflation escalations to come).

Last week's +8.6% consumer price inflation year over year data point is still only underreporting price escalation facts of real-world costs rising. More often now legit journalists are finally beginning to expose how bad real price inflation has been underreported and compounding for decades. This brutal price inflation information becoming more common knowledge better clears runways for precious metals to eventually ramp manically in price and value ahead.

Even official price inflation is already at a level the nation has not seen since the last time gold manically revalued upwards to a spot price so big for some time (1980), the USA could have gone back on a more disciplined quasi-gold standard had it so chosen.