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  • Gold: Not an Effective Hedge Against Inflation  [View article]
    Lance: the Gov. started this dodge because Congress passed COLA adjustments for Social Security. Since its elimination would not look good to the Retiree population, the Fed removed food and energy from their calculations.

    This was done ostensibly to remove wild fluctuations but in reality it was to subdue the amount of increase in SS payouts. A trailing 12 month average could smooth out the fluctuations but since the payouts could never decrease, they have opted to retain the present method.

    When inflation jumped in the Bric nations, food and energy were included. I do not know of any other nation which uses this method. Do you?
    Dec 23 14:21 pm |Rating: +4 -2
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