The rise in silver is a direct reflection of the reduction in purchaingb
power catching up. Convert cash and OF you need cash later you can always sell the silver for a profit.
Today, gold is currently $5089.50 after spiking to $5100 a few hours ago. $5,000 / 20 = 250, meaning a $100 bill today is worth LESS THAN a SINGLE dollar from 1933. Bread -- GOOD bread, thick and nutritious, no GMO crap, no glyphosate contamination -- used to be a nickel a loaf. Prices of nearly everything are massively higher than they were in my own childhood -- houses, food, you name it.
The world no longer has much faith in the dollar as a store of value. Tuck $10,000 under your mattress today, and how much will it buy next week? Next year? Two or three decades from now when you retire? The value is draining away, and it's happening now fast enough that people are no longer willing to hold dollars like they used to.
That's the prelude to hyperinflation -- when people lose faith in the currency, what's coming is like a run on the bank. Plenty of examples in history.
China and other countries (including Japan, a MAJOR holder of Treasuries) are SELLING billions of dollars of their Treasury holdings instead of buying more. The FED is having to take up the slack. Inflation of the dollar supply isn't the sole reason here, but it's a reason that looms larger every day.
Trump knows this and clearly has plans to deal with it. But I have a hard time imagining there won't be some difficult and chaotic times ahead, before things change and then settle down.
The rise in silver is a direct reflection of the reduction in purchaingb power catching up. Convert cash and OF you need cash later you can always sell the silver for a profit.
In 1933, a $20 bill could be exchanged for a $20 Gold Eagle American coin, containing ~ an ounce of gold.
Today, gold is currently $5089.50 after spiking to $5100 a few hours ago. $5,000 / 20 = 250, meaning a $100 bill today is worth LESS THAN a SINGLE dollar from 1933. Bread -- GOOD bread, thick and nutritious, no GMO crap, no glyphosate contamination -- used to be a nickel a loaf. Prices of nearly everything are massively higher than they were in my own childhood -- houses, food, you name it.
The world no longer has much faith in the dollar as a store of value. Tuck $10,000 under your mattress today, and how much will it buy next week? Next year? Two or three decades from now when you retire? The value is draining away, and it's happening now fast enough that people are no longer willing to hold dollars like they used to.
That's the prelude to hyperinflation -- when people lose faith in the currency, what's coming is like a run on the bank. Plenty of examples in history.
China and other countries (including Japan, a MAJOR holder of Treasuries) are SELLING billions of dollars of their Treasury holdings instead of buying more. The FED is having to take up the slack. Inflation of the dollar supply isn't the sole reason here, but it's a reason that looms larger every day.
Trump knows this and clearly has plans to deal with it. But I have a hard time imagining there won't be some difficult and chaotic times ahead, before things change and then settle down.