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Financial Friday: Measured in Gold
FF: Measured in Gold The U.S. is over $39.4 trillion in debt. The interest on that debt has doubled in the last 5 years. The government needs to quit spending more than the citizens are willing to pay in taxes, which is already at a breaking point. What happens if you save money in dollars for retirement? What if you invested in stocks? What if you saved in gold? Many parents have taught their kids to save in dollars. We explain why, with inflation, this is not a good idea. Measuring things in the price of dollars is inaccurate in the long term, as the purchasing power is being eroded every…
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