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<p>[QUOTE=&quot;GoldFinger1969, post: 8388049, member: 73489&quot;]If we were on a Gold Standard, the direct correlation you imply would hold.&nbsp; </p><p><br /></p><p><b>But we&#039;re not.</b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><b>But so many things impact the price of gold beyond inflation:</b>&nbsp; supply and demand factors like Central Bank sales...institutional buying....Chinese and Indian buying....investor demand....etc.</p><p><br /></p><p>Gold is not going to track the inflation indices.&nbsp; You want TIPs or I-Bonds for that. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p>Gold wasn&#039;t crashing, up $40 today. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>During periods of financial turbulence, very few financial assets go UP in price.&nbsp; Today, that was gold and U.S. Treasuries. </p><p>I think I&#039;ve discussed this before...but contrary to the YouTube and web clowns you may see, <b><span style="color: #ff0000">banks like JP Morgan Chase DO NOT own huge positions in PM&#039;s or gold or silver. </span></b> It&#039;s not something they would be allowed to do by bank regulators.&nbsp; No bank regulator is going to let a bank have tens of billions in PM&#039;s/Gold/Silver and have capital levels impacted by PM prices.</p><p><br /></p><p>The positions you see are held by JP Morgan and other banks as CUSTODIAN not for their own accounts.[/QUOTE]</p><p><br /></p>

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