Just a friendly reminder of what your dollar is worth.Personally I don't like to carrying these nasty little nuggets in my wallet.I think the whole thing stinks.
Brace yourself for hyperinflation.
The current inflation rate is at 2% a month.It doesn't take a financial genius to figure out that's 24% apr inflation.
In layman's terms at the current inflation rate that dollar you have in your bank will be worth .75 cents in 12 months.
I don't claim to be an expert in precious metals but the last 12 months palladium has went from a low of $219 to a high of $565.Per ounce.
Silver in the last 12 month has went from aprox $11 low and $19 high.Per ounce.
The metals aren't going up,The absolute bullshit dollar is going down and is worthless.
Tuesday, May 4, 2010
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We are of one mind, sir.
ReplyDeleteDrJ