Ben has decided with a few keystrokes to massively increase the money supply.
http://research.stlouisfed.org/fred2/graph/?chart_type=line&s[1][id]=M1&s[1][range]=5yrs
So you think:
1) he knows that it needs to be increased and by how much?
2) he knows what the $ should be worth?
3) he should be able to devalue MY hard earned dollars with a key stroke by increasing the supply massively?
I’ll take gold, thank you very much. Can’t be created at will by soviet style command economy central planners (read: The federal reserve). It’s a better form of money, pure and simple. Look at a 10 year chart of gold vs fiat currencies - the trend is your friend (maybe not yours).
You think that is good?
Yes he did.
So you think: 1) he knows that it needs to be increased and by how much?
You don't think the Fed has control over the money supply, do you? You don't think the Fed has control over interest rates, do you?
3) he should be able to devalue MY hard earned dollars with a key stroke by increasing the supply massively?
Your hard earned dollars are worth more than they were last year, even after the money supply increased. How is that possible?
I’ll take gold, thank you very much
Are all your assets in gold?
It’s a better form of money, pure and simple.
When you go to the gas station or grocery store, how do you pay for your purchase?