from Silver Doctors:
As free or low priced money floods any economic system it skews the
value of the FIAT and the goods paid for by this funny money.
The government pays out $1,000,000,000,000 (trillion) in transfer payments a year. This is big money that has no effort, sweat or value recognition embedded in it. It’s free money.
Similarly, in gold & silver, price discovery has been blown all to pieces because of another free money crowd, the paper traders.
If we use 1913 as a base line, the year the Fed was formed, there’s is a lot to be said about commodity prices. Nearly everything we use or consume is up by a factor of 20 to 1 or greater in the last 100 years. We live in that price paradigm. But precious metals don’t follow any of the standard pricing models of the last 100 years. Prior to 1913, there was little inflation. Wages did not grow a great deal. One could run their life without worrying too much about inflation. Gold and silver were the coin of the realm. Today, everything is upside down.
Read More @ SilverDoctors.com
As free or low priced money floods any economic system it skews the
value of the FIAT and the goods paid for by this funny money.The government pays out $1,000,000,000,000 (trillion) in transfer payments a year. This is big money that has no effort, sweat or value recognition embedded in it. It’s free money.
Similarly, in gold & silver, price discovery has been blown all to pieces because of another free money crowd, the paper traders.
If we use 1913 as a base line, the year the Fed was formed, there’s is a lot to be said about commodity prices. Nearly everything we use or consume is up by a factor of 20 to 1 or greater in the last 100 years. We live in that price paradigm. But precious metals don’t follow any of the standard pricing models of the last 100 years. Prior to 1913, there was little inflation. Wages did not grow a great deal. One could run their life without worrying too much about inflation. Gold and silver were the coin of the realm. Today, everything is upside down.
Read More @ SilverDoctors.com
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