Pace Of Consumer Price Increases Set To Accelerate (Video)
Charts – shadowstats.com
As you can see from the charts above inflation is tricky to measure. Over the course of the past three-four decades the federal government has chosen to re-define inflation and what is actually measured. Items like food and energy were removed from the calculation. The justification? there is no justification other than to hide the truth.
Had a person acquired 3 ounces in physical gold in 2000 it would have cost approximately $880.50 (Average exchange rate for the year). That same 3 ounces of physical gold, in 2014, would have had a value of approximately $1,282.50 (Average exchange rate for the year). Or said another way, physical gold would have protected your wealth from the ravages of inflation over that 14 year period.