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JUst when gold got back on its feet the evil IMF stepped in
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<p>[QUOTE="SilverSurfer, post: 829388, member: 21603"]I don't believe in the 2 year time for price increases anymore. The factor that is making it take longer and longer is the larger and larger discrepancy of the distribution of the wealth. If rich people get a lot more money, they make up a smaller percentage of people to distribute that wealth. If the money that was created was given to everyone in the U.S. equally, it would have resulted in a much quicker rate of inflation than if a few people sit on it. But, what good is money unless it is to be spent. Unemployment is still very high, and yet prices haven't come down much. What happens when the economy improves and that money which is being hoarded start to circulate into more and more people's hands. And more and more people start to be able to afford more things. Prices are sure to go up. But, how long will it take for the unemployment rate to go down. According to your 9 to 18 month idea, people should already be getting new jobs, and the unemployment rate should be going down. It has been 18 months since Oct, 2008. If unemployment continues this way for 2 more years, inflation still wouldn't have taken affect. It's the recovery that will fuel the price increases, as more money chases after fewer goods. I think it is more in line with 5-7 years now. This isn't the 1970's anymore.</p><p><br /></p><p>As for the price of gold going to $700 an ounce in 2013, that came from ABARE.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 829388, member: 21603"]I don't believe in the 2 year time for price increases anymore. The factor that is making it take longer and longer is the larger and larger discrepancy of the distribution of the wealth. If rich people get a lot more money, they make up a smaller percentage of people to distribute that wealth. If the money that was created was given to everyone in the U.S. equally, it would have resulted in a much quicker rate of inflation than if a few people sit on it. But, what good is money unless it is to be spent. Unemployment is still very high, and yet prices haven't come down much. What happens when the economy improves and that money which is being hoarded start to circulate into more and more people's hands. And more and more people start to be able to afford more things. Prices are sure to go up. But, how long will it take for the unemployment rate to go down. According to your 9 to 18 month idea, people should already be getting new jobs, and the unemployment rate should be going down. It has been 18 months since Oct, 2008. If unemployment continues this way for 2 more years, inflation still wouldn't have taken affect. It's the recovery that will fuel the price increases, as more money chases after fewer goods. I think it is more in line with 5-7 years now. This isn't the 1970's anymore. As for the price of gold going to $700 an ounce in 2013, that came from ABARE.[/QUOTE]
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