But let's be real, where's the hoards of Americans lining up to buy gold? How would most of them pay for it, even if they wanted it as a hedge against the falling dollar?
I have noticed jewelry at discount rates lately though, like 70% off sales for gold items….especially buying on places like eBay auctions from bankrupt jewelers’ inventory.
Example: I weighed a 14K gold [that's 50% gold and 50% silver] chain for $78 at Walmart a week or two ago and believe me, if gold’s $1100/oz Walmart didn’t pay for the gold chain jewelry labor….LOL
And this was Walmart’s regular price….not on sale. BTW, no one was shopping for jewelry the 30 min I stood there….the two sales girls were begging me to buy.
Will cash for gold give you $78 for the Walmart gold chain….Hades no, I bet you’d be lucky to get $20….
Oil goes up 250% in about a year due to dollar deflation, yet gas maybe went up like 25-35% [excess supplies are going through the roof too].
Its been documented recently that grocery stores are lowering prices to attract a dwindling customer base, as I’ve noticed even Discount Wharehouse prices can be beat by more expensive stores in my neighborhood (i.e., Albertson/Safeway/FredMeyer/QFC) sales prices….beaten badly too. I guess we’re eating less and/or more cheaply with this recession/depression with no end.
So where is this alleged inflation monster? In our heads?
China Has a Smoke and Stimulus Mirror Economy Right Now Too
Its documented in Fortune magazine (11/29/2009) and basically states China can’t continue their stimulus debt economy either, its following America over the debt cliff too.
You shut their stimulus debt off in that nation and their horrifying unemployment problem today would double or triple….imagine the angry mobs in that nation that already can’t feed its people.
Fortune magazine (11/29/09) has an article called “Investing” and it states:
“…56% of unemployed will never get rehired…”
And you think they’ll pay ‘em more in devalued dollars as American unemployment SNOWBALLS at that rate? Remember too, the 10.2% excludes the ones who’s unemployment benefits ran out, college kids looking for work and the minions that have settled for minimum wage type jobs so they could eat [I estimate about 50,000,000 in America, adding them all together to date].
Fortune magazine stated its a good time for employers to shop for high quality employees now, with the chronic snowballing of unemployed [all professions, degreed or not] in America….but do you really believe they’re gonna pay ‘em more, after the lucky few get hired…LOL
Its All Changed in 2009
The college degreed unemployment spiked 85% earlier this year:
More degreed unemployment news in part:
“…The total number of unemployed increased by more than 50 percent from January 2008 through last month, but the number of jobless Americans 55 or older jumped 70 percent, according to new Labor Department numbers released Friday.
And for people with college degrees, the number rose even more sharply, by nearly 85 percent.
The numbers confirmed a trend that job cuts are moving up the age and educational ladders, said Andrew Stettner, deputy director of the National Employment Law Project….”
the rest of the URL:
Mainstream media and the colleges would never admit it, doesn’t matter that much anymore if you have a degree or not…..actually, I hear nursing jobs with lower paid LPNs are safer than higher paid RN positions….LOL