Loading ...I really think the Fed is afraid to raise rates. If they do, it will screw everything up. Auto and house sales are already lower. I was thinking from the start, that a possible deflation might unfold, and the Fed will lower rates again, and send Gold much higher. Gold is money.
Good story Alex re Silver and the $3 Levi’s. I remember when a slice of pizza and a coke was .25 cents. My first new car, a 1963 Pontiac Tempest was $2589. My second new car a 1969 Camaro was $2840. I was not thinking about AU and AG back then. Just working and having fun.
However, in the 1970s, with all those “Coins Wanted” adds every day in the paper, got me started. I still think everything is in reverse. So after tons of inflation after 1934, a Fed Note deflation might make sense. It takes a dollar to buy what a nickel used to buy. And that worth less dollar is broken down into 100 microscopic parts, 100 pennies.