Rats and mice have been civilization’s major problems from time evermore. The old expression “Build a better mouse trap” has come to mean any great but simple invention which helps everyone along their rough road of life. Including mouse traps. As an example, I have a new fly swatter which has batteries in it. It electrocutes flies! Snap, when they touch it, and they are gonners. It looks like a little tennis racket. Just wave at them mid air, and no table top or window necessary. Works great.
Inflation and the ever increasing costs of everything, is the one major problem we all face. From soup to nuts, to tires, furniture and every tangible thing we use, eat, and buy. All costs go up, seemingly on a daily basis. Who can’t remember 99 cent a gallon milk or 99 cent a gallon gas? We all can. So, where’s the ’better mouse trap’ for this problem? If you live from paycheck to paycheck, there really isn’t any, other then try to be as economical as is possible.
If you have savings or surplus assets in the form of dollars, there is a solution, and it’s as simple as a better mouse trap. GET OUT OF DOLLARS. If the ship is sinking, get in a lifeboat. If the bucket leaks, transfer its contents to a bucket which doesn’t leak. If the buck’s failing (ever increasing higher prices), get out of dollars and into something which will go up in price, along with every other tangible thing. All tangible things will go up in dollar prices, as the presses continue to roll, so it is pretty obvious that the dollar boat is leaking, as is the dollar bucket.
Of course, I’m going to say, “Get out of dollars and into gold and silver,” and you already knew that, didn’t you? Your objection is that gold is down from its peak, and who knows if it will ever go back there again? I know it will, simply because all things will continue to go up in dollar prices, because there is no limit as to how many dollars can be created out of thin air by the Fed. After all, those Senators and Representatives must have those earmarks and welfare to shower upon their trash voting constituents, mustn’t they? Else they might lose office, which is terrible for them, but probably wonderful for us.
All things have cycles, including gold and silver. Gasoline is coming down now, thanks to consumption being low, due to high prices. In summer, vegetables come down because they are plentiful. When gold and silver reached their peaks, millions of ounces of paper gold and silver futures contracts were dumped on the market, so that profits could be taken. Simple and normal. When hundreds of millions of ounces of paper gold and silver futures contracts are sold, this obviously lowers the price of physical, even though physical wasn’t sold. It’s a situation we can’t change, and have to live with. Just as certain as the fact that the sun will rise, all tangible items will eventually rise in dollar prices also. Unless all laws of economics and simple common sense have been eliminated, that is.
I don’t care who gets elected in November, the U.S. national debt and committed spending is way above any ability to pay, other than with paper dollars and inflation. This simply means you don’t want to save surplus assets in failing dollars, but in tangibles. The only easy to store, easy to sell, beautiful, valuable in any currency, tangible I can think of is gold and silver. Simple! That’s why my son, daughter, and daughter in law are here eleven hours a day
Gold and silver are the ’better mouse trap’ for the problem of inflation.