Posted on 09/25/2025 7:34:54 PM PDT by delta7
I always laugh when someone says there is no inflation.
——————-
Powell states their target is 2 percent inflation, why not 0 ( zero) percent? It is an admission they can not control it.
Shadow stats show we are running 8 percent, measured the old way.( Prior Obama days). Inflation can not be controlled as long as our paper dollars continue to be printed.
(1500000/29000)^(1/(2025-1961))=1.06359
So roughly a 6.36% annualized return (compounded). Property taxes and other expenses of ownership would reduce the real-world return while the value of the occupancy or rental-value-equivalent would enhance it.
***In 1964, U.S. minimum wage was $1.25 an hour. ***
Dad got a wild hair and decided to move us to a part of the USA where the only job he or I could find in 1964 was 70 cents an hour(agriculture wages). He had been making over $4 an hour where he had worked in 1962. I was making $1 in 1970 No overtime pay, till I got a job in Tulsa OK making $1.50 an hour with a guarantee of 8 hours OT a week. Last job was in 2008, making $25 an hour with lots of OT. I did well.
Personally, I would never look at bullion as an investment, rather a form of barter. Lots of states have Goldbacks which are varying amounts in gold in printed form and by weight. I’ve read a lot of people horde alcohol as a potential barter item.
That’s why lead is the most valuable metal.
Worth repeating. Even if the "price" of gold and silver increase dramatically, their *value* may not increase too much.
A young person would be well advised to invest in their own practical knowledge and skills. Learn diesel engine repair, HVAC and/or electrical.
When I was a nipper a silver dime (now worth $3.33) could buy two Snickers bars. which is about what it would buy today. In 1900 a $10 gold piece could buy a very nice suit.
You can look at it two ways, the price of silver and gold have gone up or the value of the dollar has gone down.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.