| Inflation Part 3: Protecting Yourself Against Inflation (200 |
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marotta
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| Inflation Part 3: Protecting Yourself Against Inflation (200 |
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Inflation Part 3: Protecting Yourself Against Inflation (2008-06-30)
by David John Marotta
Officially, inflation today is calculated about 4%. Unofficially, it is over 7%. You can hedge your assets against underreported inflation and protect your retirement goals.
Read the complete column at http://www.emarotta.com/article.php?ID=290
David John Marotta
Marotta Asset Management, Inc.
Fee-only Financial Planning
http://www.emarotta.com
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Tue Jul 01, 2008 2:01 am |
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Gold Fox
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Location: Philadelphia, MS
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| Buy Silver and Gold |
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In 1954, a gallon of gas cost 23c. A United States quarter or 25 cent SILVER piece would buy a gallon of gas. Today, silver is about $18.00 per oz. A quarter of silver is 1/4 oz. So, gas today is about $4.25 per gallon which is still a quarter oz., of silver or a 25 cent silver piece.
So, what does this mean? The federal reserve which prints our fiat money is printing worthless paper. A $5.00 note is worth only the equivalent of a 25 cent silver piece thereabout. Their money is not worth anything, and getting even worth less every day. Do you see, it is not the price of fuel rising, but the 3rd world money we are using to purchase the fuel. You need to do something about it, and I believe I have a plan that will help you maintain the purchasing power even if you use the worthless federal reserve notes to pay for the product.
[deleted]
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Sun Jul 06, 2008 3:47 pm |
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Tax Liens
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Location: Greenbrier, TN
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Retired people bear the brunt of rising inflation due to high oil prices and foolhardy policies of over-ambitious politicians. If that is not enough, the slowing economy forces reduction in interest rates, leading to further erosion in buying value of their savings.
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Sat Jul 12, 2008 9:54 am |
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