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Inflation is higher than they would like you to believe. (monero.town)

submitted 3 months ago by shortwavesurfer@monero.town to c/personalfinance@lemmy.ml

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The US government is telling everybody that inflation is 3.4% per year. That is not correct. Try 14.2% and that's about right. Source : gold/usd 1 year simple moving average.

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[–] NOT_RICK@lemmy.world 1 points 3 months ago (1 children)

You’re speculating on what gold will be worth in six months. You have no idea if the current trends will hold or not. It’s not like the value of gold over the course of the past hundred years is a steady consistent climb. Past performance isn’t always indicative of future results.

[–] shortwavesurfer@monero.town -1 points 3 months ago

You do have a point there. However, I would also point out that even the government inflation numbers say they are barely dropping and yet rates are the highest they've been in 20 years and the banking sector is going to have a big meltdown because of this commercial real estate. So yeah, it's speculation, but it's speculation based on data and trends.