Wednesday, December 2, 2020

Tag: Gold Hedges Against Currency Devaluation and Cost Of Fuel

Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing

by Mark O’Byrne, Gold Core:
– Gold hedge against currency devaluation – cost of fuel, food, housing
– True inflation figures reflect impact on household spending
– Household items climbed by average 964{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}
– Pint of beer sees biggest increase in basket of goods – rise of 2464{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}
– Bread rises 836{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, butter by 1023{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} and fuel (diesel) up by 1375{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}
– Gold rises 2672{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} and hold’s its value over 40 years
– Savings eaten away by money creation and negative interest rates
– Further evidence of gold’s role as inflation hedge and safe haven