Exactly normal for high inflation. As people watch their money losing value, they’ll trade their money for things that will keep it. Any hard good will do, though some are better than others.
That’s the purpose of artificially created high inflation.
“Flight into real goods,” is what Austrian Economists call it…..
Exactly correct.
“Inflationary expectation” is both real and a normal response.
This so mirrors the last days of the Jimmy Carter admin - also a Dem. Surprise.