Old Bull

M3 Money Supply and Inflation: Got Gold?

Retirees aren't crazy. They don't finance their day-today income by eating their seed corn. For income they use fixed interest income, stock dividends and social security. They keep stocks for growth and diversity. Boomers won't dent the stock market by wholesale selling of stocks. Most who are in, or close to retirement, follow conventional advice and have ALREADY moved a substantial part of their stock holdings into fixed interest investments.