Ill add that its windows 7, tried both system managed pagefile and custom set. Not that im an expert or anything but i feel like its not even trying to dump the memory when it should.

An msi gt70 with an i7 16Gigs of ram and a hd8970, 64 bit, latest version.
Its been happening since i started playing in 1.0
Only thing im running is dayz and windows pretty much since im trying to reserve resources for dayz, when i look in the resource monitor the dayz task is using up 12 Gb of ram and the rest of the system is using whats left.
It starts out low and grows until i run out of ram, which is the biggest issue, the inventory performance is just annoying and i think that happens because its rendering all the items and models.