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Message:: [QUOTE="dave92029, post: 1024979, member: 26916"]PM are appreciating in US $ because the Fed is monetizing the debt - devaluing the currency! The Treasury continues to sell Treasury Bills and notes and the Fed turns around and buys the same debt back with paper money. The Fed already has pumped $1.7 Trillion (That is Trillion with a Capital "T") into circulation and immediately after the mid-term elections, the Fed will announce an additional $1 Trillion  - $1.2 Trillion additional intention to repurchase our debt. All of those extra dollars floating around in circulation means the purchase power of the US $ goes down compared to other currency. That foreign made car you drive, and the watch on your wrist, etc. will cost more to replace in US $$. The cost of those same items in other countries will not change. The price of PM in US $$ will increase also, but not in other currency. That's called a devaluation of the currency. The elected officials and Treasury will use other words to describe what they are doing but, the result is the same. The supply and demand of these PM will effect the price of PM, on top of the effects of the devaluation, but the Big mover of the price we pay for PM is the Devaluation of the US $$ You can't fight the Fed, especially when they start buying a Trillion $$ of Treasury debt. Have a pleasant weekend[/QUOTE]