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Very Hot Topic (More than 25 Replies) The Return to the Gold Standard (Read 3506 times)
Jeff
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Re: The Return to the Gold Standard
Reply #190 - Jan 2nd, 2019 at 4:58pm
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BobK71 wrote on Jan 2nd, 2019 at 4:29pm:
Unless you put most of your savings into cash or equivalents over the 100 years of the Fed's existence, you probably didn't suffer the 95%+ value loss by the dollar.
Savings? What savings?

The value of my earnings keeps decreasing so I have to spend almost all of it just to survive. Every time I get a little saved, I need new tires and the cost of my medical insurance goes up and my car insurance rates go up again and everything I need to live gets more expensive...

What's the sense of "saving" anyway when the bank won't pay interest on the money I have on deposit?

I should also mention how inflation raised everyone who has a job into a tax bracket where the standard exemptions and standard deductions don't cover the cost of keeping yourself and your family alive anymore as they were promised to do. Angry


  
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SkyChief
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Re: The Return to the Gold Standard
Reply #191 - Jan 2nd, 2019 at 5:22pm
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BobK71 wrote on Jan 2nd, 2019 at 4:29pm:
if we put savings into a mix of gold, silver, and Bitcoin today, we'll probably be OK!

Right.   Smiley     the 3 best investment strategies are; 
1) Diversify 

2) Diversify, and

3) Diversify.

If a person can do just one of these three things, he/she is probably positioned well to survive any economic/market calamity. 

(Never stuff FRNs under the mattress.)
  
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