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<p>[QUOTE=&quot;-jeffB, post: 2177664, member: 27832&quot;]Most of the discussions I read indicate that when the Fed raises rates, interest-bearing instruments will become more attractive, and money will flow <i>out</i> of PMs.</p><p><br /></p><p>It seems to me that rising rates would be inflationary, and that PM prices tend to inflate in step with everything else over the long term. But I recognize that there&#039;s an awful lot I don&#039;t understand about macroeconomics, so I don&#039;t risk a lot on my own suppositions.[/QUOTE]</p><p><br /></p>

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