How is the Government shut-down affecting you?

[SoTaxMe]

The best way to counter the dollar index falling is to have a portion of your portfolio in precious metals.  Heck, even copper is going up now.  Remember that gold, etc is not affected by inflation, because it is what it is regardless of the dollar index.  

Sure, metals are expensive to buy right now, but only because metals represent actual value.  If it costs more to buy metals now, that is a perfect reflection of why the dollar is worth less now.  Check gold and silver graphs on www.kitco.com if you doubt this.  You will have to pay far more now for metals than a few years ago, but you are landing your dollar into an investment that preserves that dollar value at the point of buying the metals.  And metals are completely inflation-free.

Pulling away from the gold standard was one of the greatest financial mistakes our country has made in my opinion.

73's

[sahgwa]

Hey I did a thread on this a little while ago, and someone posted about the Dollar Index that Weaknews is talking about so breathlessly. Here is a graph of the Dollar Index over a larger date range:

[Image: https://denyignorance.com/uploader/image...-50-21.png]
https://www.statista.com/statistics/1404...cal-chart/

See the little tiny bit at the far far right? Where you almost can't even tell it's dropped? That's the Dollar Index going from 108.37 to 97.66 this year, the "tanking" during Trump's administration that the Weaknews article is so breathless about.

But yeah, the 10% drop in the Dollar Index is exactly matching the "increase" in the DJIA, so there is that...

what was so 'good' nov/winter 2022?

[sahgwa]

The best way to counter the dollar index falling is to have a portion of your portfolio in precious metals.  Heck, even copper is going up now.  Remember that gold, etc is not affected by inflation, because it is what it is regardless of the dollar index.  

Sure, metals are expensive to buy right now, but only because metals represent actual value.  If it costs more to buy metals now, that is a perfect reflection of why the dollar is worth less now.  Check gold and silver graphs on www.kitco.com if you doubt this.  You will have to pay far more now for metals than a few years ago, but you are landing your dollar into an investment that preserves that dollar value at the point of buying the metals.  And metals are completely inflation-free.

Pulling away from the gold standard was one of the greatest financial mistakes our country has made in my opinion.

73's

What happens when they reveal the true amount of gold in the hidden systems of finance, and show that the rehypothecation of fake numbers means gold is way less valuable than they want you to think? Or when they mine that asteroid that has more gold than the Earth contains?

[UltraBudgie]

What happens when they reveal the true amount of gold in the hidden systems of finance, and show that the rehypothecation of fake numbers means gold is way less valuable than they want you to think? Or when they mine that asteroid that has more gold than the Earth contains?

Sweet! A lot less worries for everyone. Now do the same thing with the perception of value propping up the US Dollar.

[SoTaxMe]

Also, if you do not hold precious metals in your hand, you do not actually "own" them yet, in the case of a market crash and bank failures.  If the SHTF, good luck trying to get a bank, or investment firm to exchange that piece of paper "guarantee" into actual metal you may supposedly "own".

Just Saying

[Vermilion]

The Democrats are so cruel in their continual votes to shut down the government that they forced the WIC program for the most vulnerable women and children to run out this week.

Thankfully, President Trump and the White House have identified a creative solution to transfer resources from Section 232 tariff revenue to this critical program.

The Trump White House will not allow impoverished mothers and their babies to go hungry because of the Democrats' political games.

https://x.com/PressSec/status/1975642840416780535

[RazorV66]

The Democrats are so cruel in their continual votes to shut down the government that they forced the WIC program for the most vulnerable women and children to run out this week.

Thankfully, President Trump and the White House have identified a creative solution to transfer resources from Section 232 tariff revenue to this critical program.

The Trump White House will not allow impoverished mothers and their babies to go hungry because of the Democrats' political games.

https://x.com/PressSec/status/1975642840416780535

The Democrats don't care about women or children.

We've all seen them shit on women and children many, many times on a multitude of issues.

[UltraBudgie]

The Trump White House will not allow impoverished mothers and their babies to go hungry because of the Democrats' political games.

Haha I just got an image in my head of Trump throwing cold Big Macs into a hungry crowd of desperate women.

"You get a Big Mac, and you get a Big Mac, and you get a Big Mac..."

[Moon68]

[PorkChop96]