Debt in a Time of Zero.

Paul Krugman is out with a fascinating post  Debt in a Time of Zero - NYTimes.com

In a somewhat convoluted fashion (at one point he discusses issuing a trillion dollar platinum coin to payoff debt), he pretty much admits that price inflation is a real threat and that the Fed will have to fight it by shrinking the money supply. He writes

It’s true that printing money isn’t at all inflationary under current conditions — that is, with the economy depressed and interest rates up against the zero lower bound. But eventually these conditions will end. At that point, to prevent a sharp rise in inflation the Fed will want to pull back much of the monetary base it created in response to the crisis, which means selling off the Federal debt it bought.

 Bottom line, you are seeing Metal prices at a discount on a daily basis, take every advantage of these discounts as much as you can. Central banks are buying don't kid yourself.