You have probably "lost" money during the last 365 days, but may not know it. If you rely upon our alphabet MSM (ABC, CBS, NBC, CNN, et al) you certainly haven't been told the following.
As I considered this today, and typed it, the access market spot price for silver is $42.50 per ounce, and for gold $1,478.20...let me clarify: this is for physical bullion and NOT paper promises to 'notionally' pay you 'someday, maybe' by the paper ETF's GLD or SLV. Good luck, Chuck! (These are unbacked paper and do not 'hold' enough physical bullion to back the paper promises they've already sold, but that's another rant for another day).
Look at the graph of Gold vs. Silver vs. TIPS, and then consider that QE is much more dangerous than lighting financial farts.
In the last 365 days:
COMMODITIES
- Silver returned +129.5%
- Gold returned +27.4%
- Crude Oil returned +26.9%
EQUITIES (This is exactly WHY Shadowstats indicating 'real' inflation is actually near 10% compared to the 'crooked' numbers from the USG which say 'no inflation to speak of' which allows the FED to say they need to create some inflation, and the USG to say no COLA raises needed for military or Social Security payees.)
- Nasdaq 100 returned +13.2%
- DJIA returned +10.3%
- S&P 500 returned +8.3%
...............until you correct for the actual inflation rate! But it gets even 'better' with the following losers.
US TREASURYS & CASH
- 30-yr Treasury Bonds returned +3.1%
- 10-yr Treasury Notes returned +2.3%
...................drumroll please, and maybe a rimshot!
- US$ Dollars lost <6.8%>
The fundamentals that created this situation have not changed, and nothing has been done that warrants any reasonable expectation that anything other than "more of the same" will apply for the NEXT 365 days (unless the situation 'waterfalls' and gets worse, faster). As the collective teleprompter-reading intellects of FTV are noted for saying "this has already been baked into the situation."
Monday 18 April 2011
365 days. Past. Future...............
From Theo Spark at 08:09
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