Pace Of Consumer Price Increases Set To Accelerate (Video)



Charts –

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.

Sharing is caring!

Author Image

Peter Schiff

Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for more than twenty years, he joined Euro Pacific in 1996 and served as its President until December 2010, when he became CEO. An expert on money, economic theory, and international investing, he is a highly sought after speaker at conferences and symposia around the world. He served as an economic advisor to the 2008 Ron Paul presidential campaign and ran unsuccessfully for the U.S. Senate in Connecticut in 2010.