 | There is a Door…Will You Open it You? Will You See Your Future?by Green Writer on April 25th, 2008 at 8:50 am |
Inflation is a farce. An ounce of gold in Roman times bought you a Toga, hand crafted belt and shoes. Today an ounce of gold would buy a nice suit, shoes, and a belt. Mind you this is for the average joe on main street. GW has at least 15 suits that cost 2-3 ounces of gold alone. Inflation has some external pressures, but when every thing is traded in dollars and you increase the money supply prices must go up.
The market is waiting on uncle ben. If we get a statement that the Fed is done hello 14k. If not, hello 12k. That is how I see it. I’m just gonna stay market neutral for now. Longer term we could be stepping onto the Titanic.
Still holding SRS, DUG, NSC, IPI…looking for a cheap entry on SKF, CL, V, GLD
When you’ve got some time check this link out:
http://video.google.com/videoplay?docid=5232639329002339531
GLT
Note~ Knowlegde + Unity = Power to the people.
Recipe of the week….Meat+Grill=Happy
by Writer of Greenbacks No More!!!
Inflation is no farce to those who hold dollars. Dollar demoninated assets should be ok becasue their value (in dollars)should rise. Debt is even better, because the value of the debt will decline. Cash? You’re fucked. Buy something; better yet, borrow money to buy something. You’ll be glad you did.
April 25th, 2008 at 1:31 pmPoorokiie,
April 26th, 2008 at 7:12 amWhat I meant was a fiat currency, such as ours creates its own inflation by expanding the money supply….I always pay in cash for everything.
I still think the dollar will continue to slide.
I’m not an economist, but if our dollar value decreased due to low interest rates after 9.11; then with this round of lower rates we should continue to see more destruction of the dollar.
Peace