ETFsRule - Very nice chart! You've also hit upon the crux of the issue in your post- gold still buys the same amount of "stuff" (smoothed out over time) because the quantity of gold is relatively fixed (only 1-2% annual growth).
Demand is very strong and supply is limited. There is a lot of room for demand to get stronger, pushing the price up.
Demand is coming from both investors and non-G7 central banks. Saudis, Russia, India,
A friend of mine teaches at a very well known university and told me something shocking last night. This person has taught there for five years and has more than a decade of teaching experience. It turns out his department is hiring a
chk999 - Most very long time periods experience inflation, hence artwork should do well. Today's monetary system is also specifically designed to create inflation, creating even more reason to own tangible goods.
Hi leohass - I know it has been telegraphed, but a separate decision was made to rev the tax machine up again. It's a two-step process: first step is Fed gets proceeds... it can stop there. But it took the second step of
According to the article, there is a bill working it's way through Congress, but calling your congressman or senator would help.
Did you know that the U.S. Patent & Trademark Office is entirely self funded? See this (Continued...)
Great comments, thanks!
Quiron, I wish I had some numbers, but I don't - it's just an idea at this point.
Slider08, thanks for the feedback. It's an issue I've been wrestling with for a while.