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That's entertaining advice. The US dollar's value is dropping (and will continue to drop) sharply since they are printing them like mad. If the value of the d
by minsight 17y ago
That's entertaining advice.
The US dollar's value is dropping (and will continue to drop) sharply since they are printing them like mad. If the value of the dollar drops, the value of things relative to the dollar rises (like gold). There isn't a gold bubble, there's a dollar devaluation. The dollar may have been stable in the past, but those days are almost certainly over.
- philwelch 17y agoThere's been a gold bubble for centuries, actually. The damn stuff isn't nearly as useful as the price would imply.
- djcapelis 17y agoI continue to jokingly suggest that people ought to buy pork belly futures if they really want to hedge against inflation. But of course people just love to think about owning gold and that's what's really driving this madness.
- djcapelis 17y agoNone of those claims are backed up by actual evidence. I pointed directly to a graph of the CPI which explicitly shows the dollar is only inflating by a few points each year and most recently (when the largest amount of noise was coming out of people's faces about gold) the dollar was actually in a deflation period and getting more valuable. There may be flaws with the CPI-U data, but I don't know of a better data source. Feel free to point one out. Until you do however, the data we've explored in this thread directly contradicts all of your assertions, despite their popularity among some.