Inflation and PM's
Posted: Wed Jun 22, 2022 6:05 pm
I've been saving up for a new car recently after a deer committed suicide in front of my last one.
With the market so messed up, I'm not in any hurry to buy. I have a vehicle to drive for as long as needed so I can wait out the market.
With a pocket full of money and nothing to spend it on, I figured a relatively short term investment would be a decent idea. I first looked at CDs, but they are only offering 0.05% currently! That's not even worth looking into. If I wanted to borrow $20k, they'd certainly expect more interest on my end.
I figured some gold or silver could be a good short term play since they should be rising with inflation. I was surprised to see that they are the same or lower than they've been in recent years. Isn't that unusual after 18 months of heavy inflation? I always thought PM's went up with inflation.
What do you folks think?
With the market so messed up, I'm not in any hurry to buy. I have a vehicle to drive for as long as needed so I can wait out the market.
With a pocket full of money and nothing to spend it on, I figured a relatively short term investment would be a decent idea. I first looked at CDs, but they are only offering 0.05% currently! That's not even worth looking into. If I wanted to borrow $20k, they'd certainly expect more interest on my end.
I figured some gold or silver could be a good short term play since they should be rising with inflation. I was surprised to see that they are the same or lower than they've been in recent years. Isn't that unusual after 18 months of heavy inflation? I always thought PM's went up with inflation.
What do you folks think?