That's right. Here's an example: if grocery and internet prices rise to where families are paying $200 more each month than they have historically; this impacts lower earners much more significantly than high earning families. The same inflation has negligible impact for some but devastating impacts on others.
Sure, good point! Gold and silver have historically acted as a "hedge" against declining markets and inflation, and can certainly be a part of a healthy portfolio. Just make sure the amount you buy is balanced with the rest of your holdings, and don't overdo it.
Excellent discussion!
Glad you think so!
Inflation is rising. It does not affect everyone the same way. And economists say rising costs can have an outsize impact on low-income people.
That's right. Here's an example: if grocery and internet prices rise to where families are paying $200 more each month than they have historically; this impacts lower earners much more significantly than high earning families. The same inflation has negligible impact for some but devastating impacts on others.
@@TheFedCorner . greed and selfishness is the cause of inflation
Buy physical gold and silver, just in case.
Sure, good point! Gold and silver have historically acted as a "hedge" against declining markets and inflation, and can certainly be a part of a healthy portfolio. Just make sure the amount you buy is balanced with the rest of your holdings, and don't overdo it.
its way more than 7.5% in 2020 inflation was 40%.
Sure feels that way doesn’t it? Especially with food.