Gold Coins: C'mon...What's the Real Inflation Rate?
Tell us the truth. Please!
Inflation couldn’t possibly be, as the Bureau of Labor Statistics would have us believe, 1.1 percent in August.
If inflation were 1.1 percent a couple of months ago, Brett Farve is the model husband.
If inflation were 1.1 percent a couple of months ago,
Dancing with the Stars
is about dancing.
If inflation were 1.1 percent a couple of months ago, you can take what politicians say, in their various election campaigns, straight to the bank.
It’s not as if Washington is lacking the motivation to keep our official inflation numbers low (take Social Security price-indexing, for just one reason).
But ridiculous is ridiculous. And, as the saying goes, “There are lies, damned lies and statistics.” The actual price jumps for wheat, oats, canola and corn were more like 50% over the past year. Beef and pork have also leapfrogged, albeit at a slightly slower pace (about 40 percent). That’s hardly comforting.
And what about energy?
According to Casey Research’s Jake Weber, “…energy costs are up 23% on average.”
He went on…“The jump in gold and silver prices illustrates that it’s not just supply and demand issues driving the precious metals higher – the decline in purchasing power of the dollar is also showing up in the price of physical goods.”
That's all you need to know about investing in gold coins.
Now that, my friends, is the truth.