Unfortunately, some of the people who believe the economy is heading "off a cliff" are acting like lemmings and preparing to follow the lead lemmings off a financial cliff by putting most of their assets into gold and silver. I don't think this is a good time to be betting on higher inflation and higher gold prices. The economy appears to be slowing to about a 2.5% growth rate, real estate prices are gradually correcting back to more reasonable levels in many areas, and gasoline prices will almost certainly fall back under $2.50 by early next year (barring a supply disruption in the Middle East.)
Especially when the Fed is determined, above all else, to squash inflation like an armadillo on a Texas interstate...
Never Fight the Fed