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We Need Cash Education, Not Spend Education
Older Americans are turning to plastic to pay older bills (Robbing Peter to pay Paul).
We Americans continue to consume because our public schools and absentee parents never taught us about the power of cash in ones pocket.
Our televisions, movies and magazines have taught us well, however: "Buy, buy and buy some more!!"
Disclosure: Long Common Sense
Deflation in the Near Term, Inflation For the Long Term
It is an economic impossibility. As Graham told us, "Inflation is at all times and everywhere a monetary phenomenon."
You are confusing psychological reaction with sound investing.
The dollar is just another fiat currency in a world of fiat currencies. People are not buying dollars to protect against a fall in the prices of real assets. They are buying the dollar as a protection against a collapse of the euro. The recent movements higher mean nothing on the timeline of investing that goes out further than a few quarters. Trading firms and traders don't care about long-term fundamentals--they only care about short term profit (nothing wrong with that).
Gold is rising in price -just as it has for ten years- because central banks can't print gold. The collapse in prices in 2008 in the precious metals was purely a result of market panic not a change in the fundamental value of the metals.
You could buy a house with 100 ounces of gold in 1925. You could buy a house with a 100 ounces of gold in 2010. Funny how the value of real money doesn't deteriorate.
At some point in the near future the trillions of new dollars will have to go somewhere. Do you really think that the Chinese and the Arabs will simply keep buying dollars forever without being paid much interest?
I guess those rappers and supermodels don't want to be paid in euros anymore like they did in 2008!
Buy gold and silver. The dollar is as doomed as the euro.
Is Gold an Investment or Insurance?
March 5, 2010 AIG trades at $28.08
-----
May 18, 2007 an INVESTMENT in one Citigroup share cost $55.00
March 5, 2010 Citigroup trades at $3.50
-----
June 15, 2007 an INVESTMENT in one Fannie Mae share cost $68.75
March 5, 2010 Fannie Mae trades at $1.01
Now check out these "numbers" for that non-investment of gold:
$657.80 per ounce on May 17, 2007
$1139.60 per ounce on March 5, 2010
...
So...yeahhhh...gold certainly isn't an "investment", huh?