I know what you mean, MD. My personal "checkbook inflation meter" says that inflation is alive and well. Even though I distrust it, though (because I personally think it is manipulated), the CPI is about the only measure we can use as an historical comparison.
And, your point is well taken -- world reserve banks and governments have huge motivation to manipulate the price of gold down, and seem to be doing it blatently. If the market bubble and the inverted gold bubble pop, all hell will break loose. But if the world banks and gov'ts can slowly deflate them, as I think they will try to do, it will seem to be "just another economic cycle."
So, I suppose I agree with you: there is inflation, but I can't prove it; gold is being manipulated, but I can't do anything about it; we're all being driven by forces beyond our control or even visibility. What else is new? Even in the days of the gold standard, these same forces existed, even if they weren't as international as they now seem to be.
Good post, and thanks for letting me clarify my point.
jim |
