I'm lucky enough to have a nice gold and silver stack and just as much in cash put away so I'm somewhat inflation-proof, but it's still frustrating. I didn't receive a penny of the free $9,600 in unemployment and I won't receive a single penny of this additional $6,000. People will have been paid $15k-$16k in unemployment benefits this year just to sit around. While I have received $0 in unemployment.
They can't inflate gold away. Ron Paul said in his book "End the Fed" that Reagan's Federal Reserve Chairman, Paul Volcker, was constantly asking for up-to-date prices of gold in dollars. The bankers hate it when regular people trade the fiat currency for something real that can't be printed out of thin air.
I'm hoping after Trump's 2nd term finishes in 2025 we'll follow it up with a president who will abolish the Federal Reserve once the wall on the southern border is built.
But it’s just a deferment, for people under 100k. It’s going to be paid back at tax time, at least for individuals. Wouldn’t be surprised if corps get a forgiveness though.
True dat. Same with the GOP and Obama. The stupid bickering never ends. Remember, they are bickering over HOW MUCH and TO WHOM the newly printed money goes.
I just invested in gold, silver, and bitcoin in April and I'm doing A LOT better than 9%. Keep up. The insane buy signal was when the Federal Reserve printed multiple trillions. The only ones who didn't see gold's rise coming were the ones who think inflation is a hoax. These are/were the people who also believe that the Dow Jones is the only place to park your money when bullish on America. Well I'm bullish on America, but on the idea that it prints trillions more USD, so gold it is.
Watch your hard-earned savings get inflated away! Put people back to work!
I'm lucky enough to have a nice gold and silver stack and just as much in cash put away so I'm somewhat inflation-proof, but it's still frustrating. I didn't receive a penny of the free $9,600 in unemployment and I won't receive a single penny of this additional $6,000. People will have been paid $15k-$16k in unemployment benefits this year just to sit around. While I have received $0 in unemployment.
They can't inflate gold away. Ron Paul said in his book "End the Fed" that Reagan's Federal Reserve Chairman, Paul Volcker, was constantly asking for up-to-date prices of gold in dollars. The bankers hate it when regular people trade the fiat currency for something real that can't be printed out of thin air.
How many people we actually gullible enough to just hand over their gold to the government in 1933 anyways?
I'm hoping after Trump's 2nd term finishes in 2025 we'll follow it up with a president who will abolish the Federal Reserve once the wall on the southern border is built.
Either way, I'm not benefiting. This is an executive order for the democrat vote. You win some, you lose some.
But it’s just a deferment, for people under 100k. It’s going to be paid back at tax time, at least for individuals. Wouldn’t be surprised if corps get a forgiveness though.
This stop gap bs needs to end
They refuse to give Trump 'a win' on anything.
True dat. Same with the GOP and Obama. The stupid bickering never ends. Remember, they are bickering over HOW MUCH and TO WHOM the newly printed money goes.
No its not. GOP would have given Obama a win had he proposed anything remotely good.
debts get inflated away too, I guess
Yup, government debts. The massive welfare-warfare state spending. Not debts of ants like you or me, lol. We're paying for it!
hey when I can buy a bottle of Coke for a trillion dollars with my 5 trillion dollar salary, my $160k house is going to be peanuts to pay off
It shouldn't be stupid. Our economy since 1913 punishes responsible savers and rewards irresponsible debtors. We're in upside-down land.
Thankfully, you can do something about it by buying gold, silver or land. Something that holds its value.
Could always put the cash in a high-enough interest-bearing account. But yeah, all of your cash under a mattress makes no sense
a total stock market mutual fund returns around 9% per year. try that with gold
That's comparing Apples and Oranges.
Gold is real money. Cash is just a piece of paper government makes you pay taxes in.
A share in a company is a slice of ownership in a business.
Stocks and gold both go up as more money is printed, all else being equal.
I just invested in gold, silver, and bitcoin in April and I'm doing A LOT better than 9%. Keep up. The insane buy signal was when the Federal Reserve printed multiple trillions. The only ones who didn't see gold's rise coming were the ones who think inflation is a hoax. These are/were the people who also believe that the Dow Jones is the only place to park your money when bullish on America. Well I'm bullish on America, but on the idea that it prints trillions more USD, so gold it is.