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#1 |
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I love free!
![]() ![]() Join Date: Apr 2003
Location: LA, California
Posts: 2,976
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Inflation
well, since IR is so low.. right now, we basically have to expect high inflation.
what tend to go up for inflation? I'll start: Energy Gold |
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#2 |
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Admiral
![]() ![]() ![]() ![]() ![]() Join Date: Dec 2001
Location: Square On My Arse
Posts: 7,410
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I'd say look to any real assets. Things like commodities (you already mentioned gold) and real estate. Basically if you can touch it and it does not depreciate then it will help. But personally I'm going to look to preserve capital by moving it into other currencies. Now just to figure out which ones.
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#3 |
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I love free!
![]() ![]() Join Date: Apr 2003
Location: LA, California
Posts: 2,976
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high IR equal weak dollar
isn't it kinda weird moving it now??? |
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#4 |
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Chief of Naval Operations
![]() ![]() Join Date: May 2000
Location: LEVITTOWN< PA> USA
Posts: 12,601
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Gold is over $400 an ounce. Some analysts say that the value of gold has a life of it's own and is independent of what's going on in the American economy.
I don't buy into that argument. We are a world economy, and the price of gold is a real good indicator of actual inflation. Inflation is not dead as the government is trying to tell you. The price of food is up, the price of energy is up, building materials are up, real estate is up. And local taxes are way up. The only thing that has not risen are computers. Big deal!! Gold is up from around $280 several years ago to $400. That's a rise of 40%. I can't wait till after the election to find out what the Fed will do with interest rates.
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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. - Ronald Reagan (1986) |
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