I have a fixed rate mortgage. But I don't understand how inflation will help me. My employer won't hyper-inflate my wage. Are you suggesting that we might be able to turn a $1 bill into a bank and receive a $100 in exchange? If not, how do we get more money?
Who will want to buy gold if it is priced at multiple thousands of dollars per ounce? My whole concern with gold is that if it goes up at a moderate pace, to a moderate level, then it can be a good investment. But if the price rises above a certain level, who would continue to buy it? I'm thinking that big banks are buying gold now not for the long haul, but for the short term (months to no more than a couple years), after which they will dump it at a huge profit, causing the price to drop, so that all the "little guys" with gold, will be left behind.
Yes... but, that assumes that the employer will raise the wages. If not, there's a risk that employees will quit and work elsewhere... if there is work.
Yep. ^this. It has already saved me. I recommended fixing mortgage rates to my son, but he chose the floating rate because it was cheaper. Six months later he was spewing.
Kinda good if you have a fixed rate mortgage
I have a fixed rate mortgage. But I don't understand how inflation will help me. My employer won't hyper-inflate my wage. Are you suggesting that we might be able to turn a $1 bill into a bank and receive a $100 in exchange? If not, how do we get more money?
Sell 1 oz of gold and payoff your mortgage.
Your employer WILL hyperinflate your wage because his services will now come with hyper inflated prices.
Your home insurance and taxes will be hyper inflated though so….
Yup. I have received multiple new county assessments in a very short amount of time.
WAit for your next property tax bill.
Who will want to buy gold if it is priced at multiple thousands of dollars per ounce? My whole concern with gold is that if it goes up at a moderate pace, to a moderate level, then it can be a good investment. But if the price rises above a certain level, who would continue to buy it? I'm thinking that big banks are buying gold now not for the long haul, but for the short term (months to no more than a couple years), after which they will dump it at a huge profit, causing the price to drop, so that all the "little guys" with gold, will be left behind.
Your wages will go up wages already have big time, also your investments should sky rocket.
Yes... but, that assumes that the employer will raise the wages. If not, there's a risk that employees will quit and work elsewhere... if there is work.
Based off of my experience wages have shot way up since plandemic spending inflation
Yep. ^this. It has already saved me. I recommended fixing mortgage rates to my son, but he chose the floating rate because it was cheaper. Six months later he was spewing.
If you're one of the suckers who fell for "adjustable rates" on your mortgage, I suggest you refinance now to a fixed rate.