Post #8889

Have you noticed the price of gold and silver? Gold has more than doubled in value since 2020. Rhetorical question: How long did it take to double before that? hmmm.... Silver has more than doubled since 2022. Silver hit it's record high today of $53.55. The thing to keep in mind is that it's not that gold or silver costs more dollars... it is realizing that gold and silver retain their value; it is the dollar that is actually shrinking. One dollar used to buy 1/20th of an ounce of gold. Today one dollar buys 1/4400 of an ounce of gold. It doesn't take a smart man to figure out this diminishing value will continue. Please don't be blind to this. The thing you need to realize is that despite the government trying to control the decline, it will accelerate. Please be aware that in the early 70's the US penned a deal with Saudi to sell gold in US dollars. Since all nations need oil, all nations lined up to purchase US dollars. The US could print all the money it wanted because there was infinite demand. We never felt the effects of inflation becuase those inflated dollars went to foreign countries. Now the 50 year old Saudi agreement has ended and Saudi will accept payment in Euros, Yuan, etc. So all those foreign countries no longer need dollars. Eventually those dollars will find their way back home and slap us with additional inflation. This is where the speedup of the decline will happen. (continued)