For God’s sake will people stop talking about inflation! Especially you inflation “truthers” who insist the BLS is lying and the actual inflation rate is between 7% and 10%. Those are the sorts of rates we averaged during the Great Inflation of 1965-81.

Rare Coin Wholesalers (RCW) announced the release of their latest article, "Gold Prices and Inflation Fears." In the article, Dr. Scott Sumner, economist and writer for RCW, claims that the internet is full of commentators predicting high inflation, and they are using that argument to sell gold. He explains that since July 2008 inflation has averaged only about 1.2%, the lowest rate over any similar period since the mid-1950s.