posted on Aug, 23 2011 @ 06:32 PM
Here is an easy way to understand inflation and why some people see safety and security in presious metals.
How bad is inflation even according to the governments CPI calculator…. have some fun…
1.follow the link; www.bls.gov...
2. Put $1 in the top box and reset it to 2011
3. Put your birth year or another number into the lower box and
PRESTO; see how little the dollar is worth today versus when you were born
it is easy to explain why to buy gold and silver ...... hold a dollar bill ... it will never be valued for more than a "dollar" and it can only loose
buying power as inflation eats up the value
Then hold a silver Eagle …… this monetary unit will increase as inflation eats away the “dollars” value the value of your gold and silver will
increase with inflation and it is used as a hedge against inflation …..
In my opinion, the FED doesn’t view inflation as a problem because they do not see the dollars value tied to commodities like gold for example. They
see the dollar as a unit priced by the exchange value of the dollar against other currencies in world market. That is why they don’t think that
inflation will be a major issue …… The world ponzi continues and it is propped up from inside with other “national ponzi currency”
This a self-fulfilling ponzi funded by other ponzi to the infinity …..
edit on 23-8-2011 by fnpmitchreturns because: fix link