If you saw my previous post about the hyper-inflation that happened in Germany after WW1 and the ultimate collapse of that monetary system, then the question becomes...
Could anything like that happen here in America with our dollar? Many experts say it never could. They say that the Fed will be able to maintain their target of a 2% annual inflation rate indefinitely. To think that we could never experience catastrophic inflation seems rather arrogant. Don’t you think?
Conclusion – Dollar Devaluation Likely
This indicator tells us we certainly should be prepared for a higher inflation rate in 2021. It might not be catastrophic. But we don’t know.
Anytime that inflation starts to skyrocket, the prices of gold and silver have historically skyrocketed as well.
Will an ounce of silver be as big as a wagon wheel by the end of 2021? I sure hope not. However, prudence demands we should probably at least prepare for the value of the dollar to drop this year. 2021 inflation might not make life as challenging as it was for my grandad’s family during the great depression, but a little extra gold or silver doesn’t seem like a bad idea. Don’t you think? https://videourl1.co/a659d8
|
| | | I also just recorded another short video regarding what I found that you might find interesting as well - you can find it here.
Till next time - I wish you well and as always, I'm available for a call, zoom or email.
To Your Success, Paul Hanson 805-905-3533
|
|
|
