There’s a lot of Internet chatter these days about the possibility of the U.S. government seizing its citizens’ private gold holdings. What are the chances?

Inflation is not just a problem in the US.

The Financial Times reports that in India, inflation has reached a 13-month high of 6.7%, while inflation in China has hit a 12-year monthly high of 8.7% last month.

Hank Paulson, the US Treasury secretary, may receive what his hosts consider a nice gift when he arrives in Beijing early on Wednesday – a strengthening Chinese currency poised to reach a significant new high.