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maybe... factor in the devalued dollar due to the printing of an extra $1 trillion... and the $700 last spring compared to $1000 now seems a bit low.

tack onto that the sudden drop of commercial loans (wait until next month) and the realization that 50% of home loans cannot be foreclosed on... and its about to get very ugly.

oh, and that’s before you add the bonus of reduced wages due to higher taxes and inflation.

i’ll take gold any day over that cute thing that use to be called the dollar (just call it $0.05 now)

I’ll take gold any day over that cute thing that use to be called the dollar (just call it $0.05 now).

In case anyone doubts, from the Minneapolis Fed Inflation Calculator:

What is a dollar worth?

Directions: Enter years as 4 digits (i.e. 1913) through 2009. Enter dollar amount without commas or $ sign in box on first line. Click Calculate button to compute dollar amount shown on second line.

If in (2009), I bought
goods or services for $1.00
then in (1913), the same
goods or services would cost $0.05
[The (not really) Federal Reserve was created in 1913.]

Also, so much for the idea that gold is "worthless" when the SHTF. One gram of gold gets you ten loaves of bread in today's Zimbabwe - google: zimbabwe gold for bread (That's about $5.00/per loaf!)

PRICE: $53.20 PRICE: $53.80

or

These may be a better bet in the USA: Survival Coins