American Dream, page 3 https://m.facebook/story.php?story_fbid=810390858972157&id=337495259595055 A word of advice to my gold bug friends, if the current government polices last a long time (say ten more years) gold will lose you money. If the interest rates and the wages are kept low simultaneously the inflation will not rise. As has been done with the current economic policy. The unemployment rates is shown to be low because the people on welfare are not counted as unemployed, many people are opting to apply for and take disability or just retire early instead of going to work for little money. Inflation is shown to be low because cost of housing, healthcare and education are shown to be a small percentage of a familys expenses as opposed to the real and current expense of a family with kids in college. ( also the people in prison and their keepers that are in millions are not counted as unemployed). This is one of the reasons your standard of living keeps declining, your income is stagnant while your expenses are rising. Right now whenever the gold prices jump the US treasury sells naked contracts to drop the price to a reasonable level. Two major problems with owning gold, when inflation gets too high people try to sell gold, you may not be able to get all your money back anyway, second if it really gets bad there may be looting or no one that can afford to buy the gold will stay around, you are still trying to gold for what you call fiat money right. For some strange reason gold went up four hundred percent under W, while it has declined in price under Obama, also stock market that crashed under Bush has more than doubled now.
Posted on: Mon, 30 Jun 2014 04:54:43 +0000
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