RE: Inflation20 Jun 2021 12:39
Why do Governments simply take a look at the price of gold,,,,,May 1972 US $ 42 . Jan 2006 $ 534 .
Now unbelievably high,,,that is the rate of inflation.
What we are witnessing is failed Government policies, and gradual deterioration of Fiat currencies.
Not forgetting Pensions and savings, if true inflation figure were added to just pensions increases Pensions and PPF would have to default. The only other investment that sidesteps that inflation is the prices of houses , but of course when you die and pass it on ,there is inheritance tax.
Physical Gold can ,with thought ,can bypass tax and inflation.
The Gipsies have it right ,along with the Asians, coins and heavy jewellery.
End of sermon.