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<p>[QUOTE="-jeffB, post: 2899040, member: 27832"]Oh, I rather suspect it <i>will</i>, maybe even in my lifetime. But it'll be because inflation has continued, and the dollar is worth a tenth of its current value, and the apocryphal "nice suit" or "gallon of gas/milk" or "loaf of bread" <i>also</i> cost ten times as many nominal dollars. Those of us earning competitive salaries, or living off market-tracking investments, will just be seeing on average one extra digit on our paystubs and receipts.</p><p><br /></p><p>I've expected high inflation for the last twenty years. The fact that we haven't seen it indicates to me that I don't understand all inflation's drivers. That doesn't especially surprise or worry me.</p><p><br /></p><p>I don't see anything driving the price of gold or silver <i>ahead</i> of other prices in general, at least not in the long term. I see a few possibilities for them to fall <i>behind</i> other prices -- automated mining (perhaps in space), decreased industrial/jewelry demand, and so forth.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2899040, member: 27832"]Oh, I rather suspect it [I]will[/I], maybe even in my lifetime. But it'll be because inflation has continued, and the dollar is worth a tenth of its current value, and the apocryphal "nice suit" or "gallon of gas/milk" or "loaf of bread" [I]also[/I] cost ten times as many nominal dollars. Those of us earning competitive salaries, or living off market-tracking investments, will just be seeing on average one extra digit on our paystubs and receipts. I've expected high inflation for the last twenty years. The fact that we haven't seen it indicates to me that I don't understand all inflation's drivers. That doesn't especially surprise or worry me. I don't see anything driving the price of gold or silver [I]ahead[/I] of other prices in general, at least not in the long term. I see a few possibilities for them to fall [I]behind[/I] other prices -- automated mining (perhaps in space), decreased industrial/jewelry demand, and so forth.[/QUOTE]
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