Why Its Pointless To Argue With Global Warming Believers 2086
None of this has any relationship at all to what we were discussing. Let's list...
Snit
Well, in this case, Znu can't seem to grasp the fact that it is the USD that is losing ground, not gold. Many of the more savvy investors know that and are buying up gold and silver. If you really have the money then rhodium is a good investment. All it does is preserve your capital only as a stabilizer of your buying power. It won't help your capital grow. A good investment to grow your capital is very hard to find nowadays, and as Suzie Orman suggests... keep your money for now in either CDs or a bank and get out of debt.
ZnU But those that have already retired *are* losing. They can't keep working forever till they drop. A stable economy that isn't into inflation...
Inflation, historically between the late 70s and late 80s, always ate away at bank saving rates and you always lost buying power in the long run. The real problem tho is the younguns buying into variable rate mortages on their shoestring budget and later watching the interest rates moving up. Their $500 monthly payments are now around $1500 and they can't afford it anymore and have to bail out of that mortage. Bad berries! Worse is the latest 10 year all interest payment mortgage. And the banks don't hold the mortgages, they sell them mostly to foreign governments and this presents a danger to this country. Most people are far too deeply in debt and this debt is in the trillions. If these foreign countries decide to cash in those mortages, this country is screwed good.
-- Where are we going? And why am I in this handbasket?