Officially, INFLATION is pegged at less than 3%. But it's foolish to believe the government number. Trust your own eyes when you pay for gas, insurance, food, or anything you need to live. Inflation is probably running in the vicinity of 6 to 8%. Just to get ahead, you have to get a return above the inflation rate.
Yes, you can double your money but it won't help if that cold cash will purchase half of the goods & services you used to be able to buy!
The other problem is getting a decent return on your money in the first place. Yes, you can put it into a 'safe' CD or Money market, but there's a problem. Untracked & un-noticed by the great majority of the public, there are real and very serious problems occurring in the banking and investment world. Failures of major banks and investment firms are right around the corner (they're already happening.)
What might be a good strategy? Invest in gold. Learn as much as you can about it. It's a question of not losing what you already have. It's worked very well for me.
Nothing here is investment advice = do your own due diligence and keep yourselves and your families safe.
1
What about Inflation
Submitted by Kelja on November 25, 2007 - 10:44.
Officially, INFLATION is pegged at less than 3%. But it's foolish to believe the government number. Trust your own eyes when you pay for gas, insurance, food, or anything you need to live. Inflation is probably running in the vicinity of 6 to 8%. Just to get ahead, you have to get a return above the inflation rate.
Yes, you can double your money but it won't help if that cold cash will purchase half of the goods & services you used to be able to buy!
The other problem is getting a decent return on your money in the first place. Yes, you can put it into a 'safe' CD or Money market, but there's a problem. Untracked & un-noticed by the great majority of the public, there are real and very serious problems occurring in the banking and investment world. Failures of major banks and investment firms are right around the corner (they're already happening.)
What might be a good strategy? Invest in gold. Learn as much as you can about it. It's a question of not losing what you already have. It's worked very well for me.
Nothing here is investment advice = do your own due diligence and keep yourselves and your families safe.