holywood,
you say
'Gold only starting moving as protection agsinst inflation when the us started printing money. Is inflation out of control?? Errm dont think so'
mate, yare you oblivious to the fact that the strong US dollar is masking the inflation.?
Thats why there is this 'hyping of the US$ as a 'safe haven'
and at the same time, the talking heads, paid for by the mainstream are deriding gold, calling it a relic......
what a lot of hogwash that is!!!.
the massive prinintg of us$ is real, ( not to mention the other currencies) so why would anyone buy something that is being replicated and weakened in value..........but they are and it amazes me that people still have faith in it!!!
probably to indulged in vacuous news of fake wars in Korea, bombs in boston and other events that are distractions.
Mark my words, once that 'bubble of stupidity' bursts then gold will be left standing alone as the only safe haven, as it historically always has been
my suggestion to you is to nip down the shops and see how much food stuffs produced here, not imported are.
or check the beer prices. this is one i like to reference, as the costs of it are higher than five years ago, by about 30%
but if you can't, just look at the fuel prices at the pump (as you mentioned oil)
why are we paying nearly $1.50 for a litre, when oil is cheaper now per barrel and our aussie dollar is so strong wake up to the reality, the CPI figures are just massaged numbers to keep a lid on the reality that real inflation is being supressed by the strong US$ and the cheaper prices of many consumer goods imported.
take into account the real strength of the currencies and this myth of no inflation is busted, look at the other currencies around the world that are not being artificially propped up and how much the cost of living has gone up there,
its only a matter of time though, but when the reality that the US dollar is not a safe haven, then the pull out will send the inflation rate so high in such a short time it will smash the US economy down and that mate you can count on.
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