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I just unloaded around 5K to buy gold bar and coins....any pharmacist here buying gold too? Price looks too cheap now regarding to inflation and money printing.
I just unloaded around 5K to buy gold bar and coins....any pharmacist here buying gold too? Price looks too cheap now regarding to inflation and money printing.
I just unloaded around 5K to buy gold bar and coins....any pharmacist here buying gold too? Price looks too cheap now regarding to inflation and money printing.
Inflation is low and has been for years...
Inflation is low based on news, and papers. In reality, it isn't low. I bought subway 1 foot long for 7 bucks. It was 5 bucks in 2009. Do the math. Also, look at gas price today. Look at milk price. Look at college tuition price....everything is marked up and you tell me we don't have inflation?
Inflation is low based on news, and papers. In reality, it isn't low. I bought subway 1 foot long for 7 bucks. It was 5 bucks in 2009. Do the math. Also, look at gas price today. Look at milk price. Look at college tuition price....everything is marked up and you tell me we don't have inflation?
The $5 foot long thing was a Subway marketing ploy. Tuition goes up because of an idiotic arms race. In fact, if you google it, you will see that people are up in arms over how much more tuition has risen in relation to real inflation. Milk hasn't really gone up that much. And gas has increased mostly due to the emergence of China/India.
Inflation is incredibly low. Its because the economy is depressed. Without a period of economic expansion, there won't be any real inflation. That's how it works. We should be hoping for inflation. But if the economy starts to roll, you'll want to be way out of gold and into actual productive investments.
The actual numbers are incredibly low. If the economy doesn't pick up, we may very well start seeing serious deflation.
While I agree with parts of your above statements, here are the following keypoints to know:
1. Inflation is low (reportedly) because feds keep interest rate superlow. (don't know how long fed can do this...)
2. You can still have high inflation with a depressed economy. For example, "In 1922, inflation in Austria reached 1426%, and from 1914 to January 1923, the consumer price index rose by a factor of 11836". Economy was like crap during that period.
3. Economy isn't gonna pick up anytime soon unless we let the debt collapse. This is a phony recovery. There are so many people around that looking for jobs and losing jobs everyday.
4. Gold goes up not only due to inflation, but in response to war, disaster, etc...lots of factors.
I just unloaded around 5K to buy gold bar and coins....any pharmacist here buying gold too? Price looks too cheap now regarding to inflation and money printing.
Here's a present from Bo Polny.
I won't be convinced until we get above 1400. If Citi, DeutcheBank, or Barclays go under then everything will spike down for a few days.