Have bank deposits? What’s the annual rate of devaluation of that “savings”? In US dollars, annual devaluation is nipping at -15%! http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=1620826092 What are your thoughts of this loss of purchasing power? Rhetorical question: how can you hedge against this insidious erosion of wealth?
Global Central Bank digital currency? Bitcoin? Gold? How will it all play out post-Trump re-election? Simon Dixon and Max Keiser pontificate in this 13 minute clip.
This article asserts that infinite money-printing is set to destroy fiat currencies far quicker than might be generally thought. This final act of monetary destruction follows a 98% loss of purchasing power for dollars since the London gold pool failed. And now the Fed and other major central banks are committing to an accelerated, infinite […]
New Zealand Reserve Bank will likely get on the band wagon when negative interest rates kick in the USA, so if and when they come to Aotearoa, will it rally gold (and silver)? “…President Trump has expressed support for negative interest rates. Some economists, including former Fed Chief Alan Greenspan, have said negative rates are […]
“Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up Chris Powell of the Gold Anti-Trust Action Committee joins me and updates us on the recent developments in the gold and silver manipulation prosecutions and discusses how the price spoofing schemes by the bullion banks may be tied to trades by central banks […]
If you deposited $1000 (New Zealand dollars) in your bank account 1 year ago, and withdrew it to spend on goods today, it would have lost an average of 5.73% of its purchasing power. $1000 in cash from 1 year ago would buy you $942.70 worth of goods now. If you invested that same $1000 […]
Get some clues by reading this new article: What if Venezuelan Hyperinflation Came to the US? https://goldsilver.com/blog/what-if-venezuelan-hyperinflation-came-to-the-us/ Recommended read.
If you hold fiat currency (US dollars, New Zealand dollars, Bolivars, Rubles, Yuan, etc), please consider the consequences: The purchasing power of each dollar you hold in cash or a bank account is quickly lost. This is monetary devaluation or commonly called “inflation”. The particular fiat currency you hold determines how much your wealth is […]
$239.56/gm