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Message:: [QUOTE="medoraman, post: 1164938, member: 26302"]Sounds like he is blaming the government for printing too many notes. Its of course the right way to look at it, but think of it more as a symptom of inflation. In an inflation environment, (and you want mild inflation versus deflation), over time all nominal dollars go down. We are wired to not think that way though, so we are shocked by higher prices. Most people, though, have thier wages go up every year. Do you really think this is "free money"? Most of the time its just to keep up with inflation. Your real pay increases has been eaten up by health care costs and government taxes most employees do not see. I would look at all items relative to each other. In the mid 60's gas was, what, $.40 a gallon? Bread was about $.20? About the same relationship today. Yes, you can use PM as your basis, but only if you acknowledge PM is a commodity like any other commodity, adn should go up by inflation over the long term. PM didn't, it went down substantially for a long time, but has come back up to near normal levels, (at least gold and platinum, silver has overshot the mark to me).[/QUOTE]