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<p>[QUOTE=&quot;Gam3rBlake, post: 8383151, member: 115909&quot;]I’ve always thought that historically when inflation skyrockets the price of precious metals goes up to correspond to the loss of value in the currency experiencing high inflation.</p><p><br /></p><p>Put simply:</p><p><br /></p><p>If an ounce of gold is worth $100 and the dollar loses 3% of its value it should require $103 dollars to buy that same ounce of gold.</p><p><br /></p><p>It’s happening with basically everything else. Anyone who has been to any store of any kind likely has noticed by now almost everything costs a lot more than it did a few years ago.</p><p><br /></p><p>Why are PMs crashing in price? If anything logic says people would be using this period of high inflation to actually buy things like PMs so you’d expect the demand would be higher.</p><p><br /></p><p><br /></p><p>It seems the opposite is happening now with precious metals..Is that unusual?</p><p><br /></p><p>Could this be caused by big time bankers like Chase using their massive positions to affect prices and not set off alarm bells?[/QUOTE]</p><p><br /></p>

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