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Message:: [QUOTE="rrholdout, post: 2900920, member: 89654"]If we look at almost every instance of noteworthy inflation over the last century, it always starts on the ground with rising prices that stick due to a variety of scenarios. 2 stand out the most for me - real or imposed shortages of a particular high-demand commodity, sometimes due to consolidated control, such as 70's oil; and 3rd party cost involvement such as we see with tuition and medical care. The Gov't/Fed either takes effective or ineffective measures once it is involved. It's a 'coping mechanism', not the 'source'. Even in scenarios of hyperinflation the problem starts at the bottom - falling productivity, shortages, hoarding, often war-strain, etc. and consumer goods skyrocket. Of course you can always blame gov't for policies that led to such inflation, but not the inflation itself. If fiat money has no intrinsic value, does it really matter how much of it there is? It's all relative. Bullion is being hoarded by major nations/institutions, so clearly it must have substantial value. But whether inflation makes a difference is another matter. Anyway, one opinion, would love to hear more.[/QUOTE]