tag:blogger.com,1999:blog-2559260500579382213.post5095402818473995854..comments2024-03-23T13:18:17.693-05:00Comments on Anybody Want A Peanut?: Inflationcherenkovhttp://www.blogger.com/profile/15355986781478585611noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2559260500579382213.post-46272141603074098212008-05-21T17:26:00.000-05:002008-05-21T17:26:00.000-05:00Gold and Silver has been a safer place than the st...Gold and Silver has been a safer place than the stock market over the last 70 years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-36562945513469395482008-05-21T17:02:00.000-05:002008-05-21T17:02:00.000-05:00My high interest savings account probably nets me ...My high interest savings account probably nets me about 1.5-2% after inflation. Not a great return, but that's not the point of putting my money there. I have mutual funds, etc. for most of my wealth (if you can call what I have wealth).<BR/><BR/>I'm not denying that some things have gone up substantially. Just saying that not everything has, and that you can trust the BoC's inflation rate #s. ... and that silver/gold is a risky place to put your money.cherenkovhttps://www.blogger.com/profile/15355986781478585611noreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-3755410458269421042008-05-21T10:18:00.000-05:002008-05-21T10:18:00.000-05:00Today's free press : "The main culprits for last m...Today's free press : <BR/><BR/><I>"The main culprits for last month's higher inflation rate were a 16.8 per cent rise between April of last year and April of this year in the cost of gasoline, along with a 13.9 per cent increase in the cost of cablevision and satellite television services and a 10.1 per cent spike in the cost of bakery products."</I>PITThttps://www.blogger.com/profile/18060953669054096166noreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-57959942675201557132008-05-21T08:51:00.000-05:002008-05-21T08:51:00.000-05:00Your High Interest savings account.....earns about...Your High Interest savings account.....earns about what 2-4% per year ? Inflation wipes that out, and then of course you are taxed on the income. You might even be losing money.PITThttps://www.blogger.com/profile/18060953669054096166noreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-24948659142800377582008-05-20T23:19:00.000-05:002008-05-20T23:19:00.000-05:00I actually have a little bit of silver. Like, one...I actually have a little bit of silver. Like, one or two ounces. My savings, however, are in a high-interest account where they'll keep growing in value after the economy rebounds and the price of silver plummets back to it's normal level. Gold and silver are rainy day investments. They only go up when people worry about the economy and the value of the dollar. But, as you say, we'll see how it goes. If the price of gas keeps rising that will definitely have a ripple effect and put pressure on inflation.cherenkovhttps://www.blogger.com/profile/15355986781478585611noreply@blogger.comtag:blogger.com,1999:blog-2559260500579382213.post-61684172128259745462008-05-20T18:32:00.000-05:002008-05-20T18:32:00.000-05:00We can agree to disagree....I did say I was keepin...We can agree to disagree....I did say I was keeping my SAVINGS in Gold and Silver , not my investments. Gold and Silver is a currency , not an investment. Gold and Silver are a hedge . <BR/><BR/>As for inflation , sure some things are cheaper.....but you don't buy a car everyday.....you buy fuel and bread everyday. Most people buy a car once every 4-6 years. People have less money because the staples of life are rising in price much faster than 2% per year. <BR/><BR/>I just got back from a visit with my life Insurance rep ( who was again trying to hock his mutual funds to me ) and we had a great talk about this....we can agree to disagree. Time will tell who is right. Meanwhile Peanut , go over to Gatewest on Corydon and buy a couple silver maple leafs every week, just in case.Anonymousnoreply@blogger.com