RSSEncroaching Inflation and Silver Quarters
Jan 27
Investing silver quarters Comments Off
Are you worried about the effect of inflation on your savings account? As you may know the official inflation numbers are reported to be about three percent but if you are paying for virtually anything other than perhaps computer hardware you know that in most sectors of the economy inflation is alive and well. And higher than three percent as well.
Contrary, investigative economists put the more accurate inflation rate at between seven and ten percent. These numbers are not pulled out of thing air either. In many cases when it comes to inflation and unemployment figures all you need to do to get a more accurate picture than what government numbers give you is to look at how the government used to calculate the numbers.
Today some things are left out of the so called core inflation numbers. Conveniently for the number crunchers and those who need an image boost the newer numbers leave out such essentials of life such as types of fuel and even food related items.
So what can you do? One way that many people are trying to protect their savings from the encroaching inflation is to purchase silver quarters or gold coins since these precious metals currencies are traditionally more stable and hold their value despite what Keynesian economists would tell you.