I'm like a broken record on this issue -- and my take is not unique, but I'm firmly convinced this will eventually become a reality. Its very good for the balance sheet of the Fed to have an asset that inflates forever.

The problem the Fed has now is nearly every other asset they have is debt-backed, so it all becomes a black hole of sorts. In theory they do have Gold but they must value that gold at $42.2222 per oz due to a short-sighted law.