SPONSORED POST: gold and inflation
Most people think inflation is “prices going up”, but what’s really happening is the value of the US dollar is going down. At one point in time, for example, gasoline was only 25-cents per gallon. You could take a dollar down to the gas station and buy four gallons for a buck! At that time the US dollar was backed by REAL money, real silver. Guess what? That same amount of silver still buys four gallons of gas! That just shows that real money like gold and silver holds its value and it is the green paper money that is now worth a lot less — because government spending deficits “inflate” the size of the money supply. Each dollar becomes worth less and less as the government-backed Federal Reserve creates more new dollars out of thin air to cover government spending costs. This is indirect theft. It is the value of your dollars that is being stolen from you, even while you clutch the paper in your hand.
