Gold – Inflation Protection
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Inflation is a decline in the value of money caused by an increase in the money supply. As the supply of paper money increases – without a commensurate increase in production – the excess demand manifested by a greater money supply causes the price of goods and services to rise. More currency chasing fewer goods will eventually lead to price inflation. If the money supply is growing faster than GDP then prices will necessarily move upward. Business decisions become more difficult to make without stable money, hence investment often declines. Inflation can distort the economy and can lead to hoarding out of concern that purchases must be made now because prices will be higher in the future.
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I would be able to afford going to the UK just one time because obviously the Euro is much more than the Dollar, but imagine if milk needed almost twice as much than it needs now?
Herkimer Diamonds
I remember this vivid scene in this movie set in the 1930s and they had a young adult sitting on top a mountain of dollars. He was playing with matches and accidentally dropped the match and set the dollars on fire. Where were his parents? Just watched, cause they weren’t worth anything any more.
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