Showing posts with label forget. Show all posts
Showing posts with label forget. Show all posts
Sunday, April 15, 2018
Thursday, August 25, 2016
Tuesday, July 5, 2016
Forget The Pullback And Look At These Stunning Price Targets For Gold & Silver
The article links to a great resource, the shadowstats.com Inflation Calculator, which provides pricing information based on official and unofficial inflation data, a so-called price deflator.
The input on the official price of gold is slightly variant (but the correct messaging is spot on), as the author inputs an official price of $20.79 in May 1913 (the same year the Fed was created, not so coincidentally). The actual official price of gold back then was $20.67, while the average price of gold based on the London Fix was $20.64, according to kitco.com <click here>.
The input on the official price of silver also differs, according to whether one uses the official price or average price for 1913. The unofficial price of silver based on the London fix was $0.58, according to kitco.com <click here>. The author uses an official price of $1.29, which may be accurate (there is very little data on the "official" price of silver, which presumably was set by the US Treasury).
Bottom-line: the article points to the Inflation Calculator which indicates how much the USDollar has been debased by perpetual currency and credit creation from the Fed and US Treasury, as reflected in the prices of gold and silver.
Interestingly enough, the Minnesota Fed provides a similar calculator, named "What's a Dollar Worth?" on their website, based on official CPI data <click here>.
http://kingworldnews.com/forget-the-pullback-and-look-at-these-stunning-price-targets-for-gold-silver/
The input on the official price of gold is slightly variant (but the correct messaging is spot on), as the author inputs an official price of $20.79 in May 1913 (the same year the Fed was created, not so coincidentally). The actual official price of gold back then was $20.67, while the average price of gold based on the London Fix was $20.64, according to kitco.com <click here>.
The input on the official price of silver also differs, according to whether one uses the official price or average price for 1913. The unofficial price of silver based on the London fix was $0.58, according to kitco.com <click here>. The author uses an official price of $1.29, which may be accurate (there is very little data on the "official" price of silver, which presumably was set by the US Treasury).
Bottom-line: the article points to the Inflation Calculator which indicates how much the USDollar has been debased by perpetual currency and credit creation from the Fed and US Treasury, as reflected in the prices of gold and silver.
Interestingly enough, the Minnesota Fed provides a similar calculator, named "What's a Dollar Worth?" on their website, based on official CPI data <click here>.
http://kingworldnews.com/forget-the-pullback-and-look-at-these-stunning-price-targets-for-gold-silver/
Labels:
forget,
gold,
inflation calculator,
price targets,
Pullback,
shadowstats.com,
silver,
stunning
Friday, February 6, 2015
Friday, January 30, 2015
Forget the bank: Why many Americans are hiding cash
The contents of this article aren't surprising--many US households
are genuinely concerned about the banking system. What is surprising is
that Yahoo Finance, a mainstream site, is reporting it. What is even
more surprising is that American Express published the results of the
survey. Are the money authorities starting to see the writing on the
wall--that there is ground swell of the population which is
uncomfortable with how paper currencies are being methodically debased
with too much printing? Did the media filter fall asleep at the button?
It's always prudent to have
some cash around for emergencies, but cash hoarders believing fiat
currency is a solid store of value will be severely disappointed.
http://finance.yahoo.com/news/forget-bank-why-many-americans-161502396.html
Labels:
Americans,
bank,
forget,
hiding cash
Monday, December 22, 2014
Monday, July 28, 2014
Friday, January 3, 2014
Tuesday, November 13, 2012
Wednesday, October 10, 2012
Subscribe to:
Posts (Atom)
