PCDN hit it on the money. The US trade deficit and inflationary policies points to a weaker dollar. If someone kept borrowing money from you without paying you back a single dime, you'd cut them off at some point.
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in the long term we are all dead. But our children are alive and their children will be too. Keyne's policies only allow us to sacrifice our children's future for our own benefit.
tuj, first, Gold has great industrial applications. We don't use it because it's too valuable. I work in a lab and just had to order some gold plated lock washers because they have superior conductivity. The fact that we don't use it widely in the industry is one of it's strengths. The supply of physical shouldn't change that much year over year. Platinum has too many industrial applications so the supply can be greatly affected. If we used metals that have industrial uses to determine inflation we would have skewed numbers. If you looked at Rhodium, you would deduce we have an inflation rate of about 500% a year the past couple of years.
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