Catholic Info
Traditional Catholic Faith => Catholic Living in the Modern World => Topic started by: SeanJohnson on July 21, 2020, 08:18:41 AM
-
It seems investors are not digging the prospects of another $1-3 trillion "originated" (i.e., invented/created) out of thin air, as silver prices this morning reach 4-year highs (now over $21/oz), and gold prices hit a 9-year high.
As in 2007/8-2011, I think we are looking at smaller chip bags for the same price, even smaller grocery bags (which only fit 2 items/bag, to make it look like you just bought a lot for your money, yet somehow $100 now only fills the cart 1/3 of the way, where it used to fill it to the top), and $8/lb 80/20 hamburger.
And even if your house gained 75% in value in the last 8 years, you still can't afford to get a bigger one with all that equity, even though interest rates historically low.
PS: If the schools don't open in the fall, do you think we will all be getting property tax refunds (which is where a good portion of your annual taxes go)? Somehow, I doubt it.
-
Excerpt from an uncited financial newsletter someone sent me:
Greetings!
The Labor Department announced last Tuesday that the Consumer Price Index (CPI) soared 0.6% in June. Excluding food and energy, the core CPI rose 0.2%. In the past 12 months, the CPI and core CPI rose 0.6% and 1.2%, respectively, but the 10-year Treasury bond yield kept declining, even though inflation may be returning.
-
What kept the prices of Gold and Silver prices down is the big banks along with governments throwing trillions
of paper contracts when the price of Gold and Silver prices start going up. Remember it is just paper
that says gold or silver on the it. They can be printed into infinity. They will not knock the price of
gold and silver where it is not profitable to mine it.
Investing in precious metals is a long term investment because gold and silver along with other
precious metals is subject to manipulations by the big banks, and governments to keep their inflated
currencies stable. It will not last forever.
-
Gold currently trading at new all-time high; silver breaking loose at $25.50