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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (9683)3/20/2009 2:35:46 PM
From: Wayners  Read Replies (1) of 103300
 
Good point on manipulation by Central Banks to artificially keep the price of Gold down by selling, leasing, jawboning gold downward.

I did just read this, somebody did the calculation I was speaking of over the long haul: the rate of return of gold between 1914 and 2007 was 4.01%. Over that same period the CPI shows an annual inflation rate of only 2.05%. So as pointed out gold outperformed the CPI by an average of 2% per year, so I know the CPI is wrong.

Governments have never seen a tax they didn't like, and a hidden tax is even better. That's why Governments love the inflation tax. And at the extremes of hyperinflation, the Govt can take everything by forcing through legal tender laws that you exchange all good and services for nothing (fiat currency). That is pure theft.
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