Something I was thinking about today and I figured I'd ask...
Does inflation exist with PM's? That is...if a suit cost one ounce of gold in 1900...should it still cost an ounce of gold today? Or do things get more expensive even if using PM's?
Furthermore, on an international level. Would the same suit cost the same ounce world-wide or would a suit be less and more depending on the location for some reason?