Inflation is being HELD CAPTIVE at the hands of gold. On Friday, both the EURO and the BRITISH POUND hit ALL-TIME LOWS relative to gold. That’s another way of saying that in the Eurozone, as well as in the U.K., you’re shit out of luck if you held your excess savings in fiat currency because it COST YOU in a big way. Put differently, gold hit all-time highs, in both Euro and the Pound.