Casey Research has a useful article explaining how different people experience inflation in different ways, depending on how they spend their money. It includes a look at how gold has remained inflation-proof over the past decade or so, compared to Social Security payments, as illustrated by this striking graphic.
There's more at the link. Recommended reading.
Peter
Very profoundly important chart there, Peter!
ReplyDeleteAnother way of looking at it is to take gold as the baseline and bend the other lines downward accordingly. Doing so gives an indication of the loss of value in the dollar. Gold is gold. Always has been and always will be. But the dollar is now nothing but fiat...
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