I think the US has been trying to hide real inflation from the public, to subdue wage pressures etc.. and disguise the rate at which the USD is plumetting.
A 3% or 4% inflation rate is just laughable.
If you look at the rate at which food and grocery prices are rising, the cost to fill the car, the rents in the cities and energy prices have risen in general .. a US family sees the real inflation at 15% plus per annum.
In China and in other Asian economies the official inflation rate has been 10% per annum or close to for a few years now.
I agree Gold hasnt gone up as much as it should have relative to the USD and other global currencies that have been rapidly eroding in value for years.
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