Comments on: Gold Slips as US Inflation Eases in July https://www.coinnews.net/2014/08/19/gold-slips-as-us-inflation-eases-in-july/ CoinNews delivers the latest World and US coin news Tue, 19 Aug 2014 21:23:11 +0000 hourly 1 https://wordpress.org/?v=7.1.4 By: Boz https://www.coinnews.net/2014/08/19/gold-slips-as-us-inflation-eases-in-july/#comment-90910 Tue, 19 Aug 2014 21:23:11 +0000 http://www.coinnews.net/?p=46711#comment-90910 It slays me every time I hear the government say there is little or no inflation. After all, the reports are generated by those who would have to file immediate bankruptcy if interest rates were increased. Government can’t afford to pay down its debt even at 00.001% interest. And the people who generate the reports apparently don’t go to the grocery store or utilize prescription drugs and/or the health care systems in the US. When was the last time any of those items only increased by less than two percentage points over a year’s time?

Yesterday a lead media story was that over half of those facing retirement in the near term have no savings, yet with CD’s and other “safe” investment vehicles paying less than 1/10 of one percent, why should they?

Stocks are “rigged” in favor of those with insider information or access to banks of dedicated high speed computer servers. So says “60 Minutes.”

About the only thing I can come up as a safe investment with is old coins with silver content.

I like Morgan dollars.

Anybody got any better ideas?

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