In this Jim Rogers raw materials discussion, he says that silver, gold, inflation, and money printing is what ties all of the governments actions together. They think that they are doing the right thing, but they aren’t. Gold has been going straight up, so it would be imprudent to jump in front of a moving bus, but you shouldn’t be selling your gold, either.
When you print more money, the people who get the money are better off. But the people as a whole are less off. Eventually, the Jim Rogers raw materials scenario will manifest itself, the world will run out of trees, and they won’t be able to print any more money. The Yen, the Euro, and the Swiss Franc have a possibility of benefiting more than other currencies in the next few years. The Dollar is a seriously flawed currency.
Everything that is happening has happened before. Don’t listen to the people on TV. Interest rates will go up. Own real things, like gold, silver, or even rice. Printing money is not the right thing to do, but these aren’t smart people. That’s why they’re in Washington.
