Other way around. It is being artificially suppressed.
Inflation means EVERYTHING. The inflation adjusted high for gold is $5,500 - $8,500 depending on who's numbers you use. At $1,650 it is not even close to being inflated yet.
The central banks have one option right now. Print or die. Deflation through bad debt write-downs is the death of our money system. It completely throws the system into chaos. So they MUST inflate other areas to offset this deflation from the housing market collapse. So they print. And stocks inflate, gas inflates and gold inflates. It keeps the system afloat but completely screws up the average Joe's cost of living and ability to save. This is a sacrifice they are willing to make. Mighty nice of them, eh ?
800hp Mustang, V-tail Bonanza, Fly Fishing, Golf, Discus
Got too many damn hobbies. .............