What would gold do for you? Hmm, you could sell it on the international market for the currency that is predominant and then you would have some true buying power. But then, you surely know more than all the economists, the country of India that just traded dollars for 200 tonnes of gold, China who is buying all the gold they can, and all the hedge fund managers that, too, are buying all they can find. I understand you cannot even find US gold coins, or it is very difficult, as most have all been sold.
In the 1970's we increased the currency base by 13%, brought us 20% interest rates. In the last 12 months we've increased the money supply by 120%, I wonder what that will do to interest rates? The only reason we haven't seen inflation already is the velocity of the currency, it hasn't left the banks yet. Once it does, hyperinflations comes at us like a freight train.
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Today's Featured Article - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
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