Open thread folks! Share what's on your mind.
Saturday, September 5, 2009
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Why invest in precious metals?
Over the last 5 years, the US dollar has lost nearly 50% of its value relative to the other major currencies, as the value of the U.S. Dollar declined, gold and silver prices have increased.
Posted by W. E. Messamore Comments (0)
6 comments:
haha Easy way out of writing an article? ; )
This one has definitely been less work than an article, but I'd be thrilled for enough people to comment and leave thought provoking links, questions, or seeds for conversation that it becomes more work to keep and stay in the conversation!
Anyone been really thinking about the inflation vs deflation debate. I listen to financialsense.com podcast every Saturday. They had a good debate on topic.
http://www.netcastdaily.com/broadcast/fsn2009-0905-3a.mp3
I am leaning to deflation. For the hyperinflation to come about you have to believe the Feds crazyness will work, and Americans can retake on all this debt that vanished from housing and go into another sector. We might get small stagflation. I dont see how prices can rise very fast and not cause the consumer to slash spending and halt inflation in its tracks. We know the Fed doubled money supply, but how much of that is going be get out there into the peoples hands as new debt and on what. We are getting wise to the debt man and slowly being more responsible.
My response:
http://tmic.fm/ov3jwh48gvb
Very cool app the tweet mic. Want to clarify, both are terrible for the country, by leaning I mean what is more likely to happen. I hope neither happen, but feel one will. Every American will be hurt depending on what their situation is.
Oh I see! I believe (hyper) inflation is what the future has in store for the U.S. Dollar. As I mention in the TweetMic tweet, the graph of the adjusted monetary base is something like a hockey stick right now. I can't see the Fed stretching the dollar that hard without it breaking.
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