Fed tests gold upleg
Gold’s outlook and fundamentals remain really bullish.
Most people have the sense that the dollar isn’t worth what it used to be, but they may not grasp what this means in real terms. This infographic from Money Metals Exchange shines light on the constant depreciation/loss of purchasing power of the U.S. dollar since 1971 in relation to gold and silver prices.
Inflation can be a difficult concept to fully grasp, but one way of communicating the effect is through use of comparative examples. In this infographic, the folks at MoneyMetals.com have tracked a 1971 $100 investment in silver and gold to illustrate their purchasing power as of today. Take a look…
Presented by: Money Metals Exchange
Comments
Ivan Fed
Keynes said it best;”In the long run we will be dead, its the short run that counts.” If one would add the 45 years to their current age, not many would be around to enjoy their reward. Enjoy your prosperity now and let the banks fend for themselves. Prost!