Dollar Inflation coming

There's always news fodder for the Gold Dealers, lately, but the REAL outlook for the end of our current crisis actually makes sense.
The credit crunch and assorted bailouts resulting has the Treasury printing money 24/7.

For now that's good but when things stabilize, you'll see the value of the dollar plummet.

You dont need a degree in economics to see this coming. But here's the point you need to consider: If you buy gold {the only 'obvious hedge'} with deflated dollars, will you really gain anything ... or just protect the disposable wealth you already have?

Might as well buy future-tech stocks at discernable 'Low'.
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By the way, while we're on the subject of 'gold dealers' {esp those advertising on the media}, none of you are really stupid enough to send away your 'unwanted gold', are you?

 

and we can expect mortgage rates, Fed Funds rate, Prime Rate and most of the of money indexes to rise with it. So if you need to borrow, now is the time.

 

Speaking of 'Buy-Low:

Heh... on FoxNews right now, a guy who deals in gold telling everyone to IGNORE the 'We Buy Gold' ads... that your local pawnshop will give you much more.

So how did I know that? COMMON SENSE told me that. Just as it tells me 'JP Wentworth' {it's MY MONEY!} is a fringe crook.

 

I agree with Dave Ramsey. Gold is not the place to put your money - there is no evidence to suggest that your money is safe in gold because it has seen huge gains in value, and it isnt like other countries that have had a financial collapse have started dealing in gold as some kind of standard. It would be better to buy raw land and sort out how to grow food that you can barter.

In the event of a total collapse you want goods - not a shiny metal.

Personally - If I had a grip of money that I was worried about it losing its value, I would just pay off my house (Which I already did), get rid of any other debt (Almost done), and buy land - well - and guns... but that is another story.

Also - I am young enough that I am happy to leave my investments and retirement alone and just ride out the storm. Once I have my debt gone I will also start increasing my investments - because as Hatter has implied - what a great time to buy!

 

I wish I had a huge chunk of change to be more involved, but I dont! Oh well - me and every other American.

I love the idea of being rich, but I am not a good enough person to handle such a responsibility... I am shooting for just a bit better than average.

But we can all be wise and ditch our debt. No more credit for me - the bank can kiss my skinny white behind... I am tired of making them money.