Will Rogers understood how inflation works. The only thing that really goes up by inflation is inflation. Prices of goods remain relatively the same. The only difference is the number on the paper you pay for goods with. The amount of work and the amount of silver or gold you pay for the goods remains relatively constant.
I remember when I first began paying into Social Security. Then I paid 23 to 25 cents a gallon for gasoline with money backed by valuable metal such as silver and gold. I could buy a gallon of gasoline with one silver quarter. Today a silver quarter will not buy quite a gallon but is peaking at highs which approach a gallon.
Then I worked an hour for three or four silver quarters.
The link below is Howard Ruff's commentary on what is happening today. He and others have warned for many years of what is happening monetarily today.
Will Rogers: “Invest in inflation; it’s the only thing that’s going up.”
Kitco Commentator's Corner
ABE: Perhaps this could go to the coffee shop for discussion as to whether it would be wise at this time to add gold and/or silver or gold and/or silver stocks to one's portfolio and if so how to do it.
What else would it be wise to have on hand in the event of monetary hyper inflation or panacea relative to monetary crashes in the financial sector?
Are there other better alternatives of safe investment than precious metals in light of the recent financial turmoil?
Edited by Buzsaw, : No reason given.
Edited by Buzsaw, : Complete OP
Edited by Buzsaw, : Add discussion suggestions
BUZSAW B 4 U 2 C Y BUZ SAW.
The immeasurable present eternally extends the infinite past and infinitely consumes the eternal future.
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