Gas prices are headed back up again as Im sure youve noticed during the holiday weekend. Most of us start cursing the middleeastern countries for screwing the american public again however there is another side to this outrage at the pumps. Lately our government has been printing money at a greater rate than ever before telling us it is needed to fix the economy. Well you know the old saying nothing is for free right? For starters we did not have all this money on hand to begin with so what gave them the right to start handing out all this dough. They printed more dollars flooding our system with more dollars in hopes of fixing the ailing companies that they claim are fixtures that our economy needs to stay alive. By pumping all this amercan fiat money in to our system there is no way that our current dollar can have the buying power it once did. Inflation is a must. The arabs know this and demand, right fully so if you think about it, that they will need more of those american dollars for their current product,oil, to make the sale. It makes sense and is a misunderstood result of the ever diminishing returns that our dollar will produce. Inflation is coming and Gold will always win out in times of inflation. Current price is approx. 960 range. More and more one hears the local pundits on the financial channels start backing the idea of gold/precious metal investment because when it comes right down to it Gold and its precious metals have a value for the simple reason that you cannot print or produce more of it by turning on the printing presses. There is a limited supply dictated by the current amount available and with in reach at the mines. You can always explore for more veins of the metal in the earth but until then you are stuck with the current supply you have. Thats bascially what determines its worth. Its limited quantity. Dollars these days seem to be unlimited. Not a good thing....for the dollar that is.
