“Is this the beginning of the ‘dollar taking a dump’”?
Well put. You see the problem. The feds talk about the lack of concern that should be given to inflation but the surge in gold is contributory. When gold surges, prices go up. When money is printed with no worth value, it cuts the dollar in half every time. Thus while the dollar is now required to represent 50 cents, the $1 is what is required to cover the cost of anything tht was 50 cents.
So the new 50 cents is the $1 or in time the $1.50 to the $2...and the process continues until enough can’t find the expanded dollar and they can’t buy anything. It’s a long process, but there is a dark cloud at the end of the tunnel. There is no light up there because there are only two things that come out of it in depreciation, the dollar and the ability of those that can find one.
wy69
Thank you for explaining——sadly, this is not headed in a good direction and stopping this (as days go bye) becomes harder and harder.