DCM

Gold Bubble May Be Coming to an End

Dear Readers: I suggest you ignore the comments of Mr. Elfenbein and take note of the comments made by previous commenter’s. Bubble or not, the fact is gold is consistently moving higher you might say from one bubble to the next. There is no end in sight for increasingly higher prices of gold. Ignore this fact and you do so at your own financial peril for all the reasons given by the commenter‘s. I would add that it is not just Americans buying gold! There is phenomenal demand for gold in China for example.

With regard to inflation - maybe, possibly from a strict economic definition, we are not experiencing inflation. However, no one needs to be told that living costs are increasing and a dollar buys less every day. In the past 2-3 years, as net worth has declined, and wages have remained relatively stagnant, living expenses have jumped much higher. The net effect is that most Americans are much worse off today since the Republicans hijacked the country (and the Constitution along with it) and basically handed it over to the wealthy elite.