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<p>[QUOTE=&quot;InfleXion, post: 1605468, member: 29012&quot;]Assuming the baseline was a dozen years ago, though if you go by the DOW/Gold ratio it&#039;s just part of a cyclical correction. Maybe we would have had about that much deflation if you take away money printing? If so then gold is just reacting how it is supposed to. Gold suffices as money, but not currency. FRN&#039;s are both. Bonds are both. They each have pros and cons, but gold is the money that transcends time, as with silver, like in the movie Looper <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp; </p><p><br /></p><p>I agree with Tinpot that current markets aren&#039;t a reliable gauge, and that gold may either be overvalued or undervalued because the market supply is mostly artificial. So it may not be currently performing to its role as I previously stated, but at some point it should since it always has before. Only people will decide, but I do think the current price is not representative of recent inflation, because as David Morgan has pointed out, it is the velocity of money that causes price inflation, not the act of printing it since it won&#039;t impact prices if it&#039;s collecting dust in a vault somewhere.[/QUOTE]</p><p><br /></p>

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