"Gold is an inflation hedge because is it an ancient yardstick of the value of durable goods- an ounce of gold now will purchase about the same quantity of goods as it did in ancient times. No matter what numbers you may apply to it, an ounce of gold reputedly can purchase about the same number of loaves of bread as it could in biblical times" -Rogers
The 1980 Republican party announced ''the severing of the dollar's link with real commodities in the 1960s and 1970s,'' was then blamed for inflation. ''One of the most urgent tasks in the period ahead will be the restoration of a dependable monetary standard,'' they added
Gold can very much stop inflation and bring back the stability of our country. Which also, with the major debt problems the US is in, it could very much help us and bring us out of it.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgoJm2uBjj-b9yYe0_s7MJn_LvY0Fo6pZPhTkRGuJbQmt3DlCDFJdMsNDFsTogP7EITwdxrEHWpDfcrURSP5vyVby1OVRK9gOrVJNX9L3zpEwCFMDk5nYm_XicIiPxhEP-oWE_tUY8A9PvI/s400/inflation.jpg)
No comments:
Post a Comment