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As President Joe Biden commits to $6 trillion of stimulus over the next decade, worries of inflation, or even hyperinflation, from both unprecedented monetary and fiscal stimulus take center stage in financial headlines.
Fiscal stimulus from the Biden Administration includes the $1.8 trillion American Families Plan, the $2.3 trillion American Jobs Plan and the $1.9 trillion American Rescue Plan.
Michael Lee, founder of Michael Lee Strategy, said that these hyperinflation fears are overblown, because the velocity of money simply isn’t there.
“I don’t think, in the U.S., we’re going to have meaningful inflation ever again. We’ve Japanified our country. What you’ve done through the endless printing of money, it hyperinflates financial assets, and it crushes the velocity of money through the system. It’s the velocity of money, in my opinion, that is the key driver of inflation,” Lee told David Lin, anchor for Kitco News.
0:00 – Tax hikes
5:27 – Raising minimum wage
7:50 – Inflation
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Things To Consider In Choosing A Gold Company
Each one of us works because we hope to save enough for the future. Every shift at work is a way to ensure that when retirement arrives, we would all be living the life that we feel we deserve. Now, this saving-up-for-the-retired day gets better when we have investments.What’s Good About Gold Coins
For far too long, people have been putting their hard-earned money on stocks and bonds investments. It works, too. But, all too often, the results that a person expects from doing that is not consistently good.How to Sell Scrap Gold
If you have scrap gold, the first thing to ask is, how will I sell it? The answer is simple. Sell it online. Selling your gold online is the easiest way to receive your instant cash.Where to Sell Scrap Gold
Scrap gold is everywhere. You can find it in your treasure closet, junk room, jewelry box, or even in your trash can. Now that we have gathered all those scraps, what then is next? Of course, we need to sell them to earn money. But where is the best place to sell scrap gold? We have a lot of choices.Don’t Put Your Scrap Gold to Waste: Sell It
There was once a little girl who had received a 24k necklace with a pendant from her father as a birthday gift. The little girl does not know how much value the necklace has. This story also tells us that scrap gold is not a waste. We can sell this if we think it becomes useless already. Gold has value even though it is old as long as it is pure. Just like what happened to that little girl, the necklace might be broken and the pendant unattached but then there’s still value in it.The Treasure in Scrap Gold
There are a lot of ways to earn money. Some would resort to online business and building websites. Others would choose to sell clothes and gadgets. For those who want to stretch their bones, they would rather work 3 different jobs a day just to earn more. Jewelry is a treasure but then if it has no use anymore, why don’t you sell it and receive more treasure from your cash? Indeed, scrap gold can be a treasure if you only know how to give value to it.Turn Your Scrap Gold to Cash
Have you ever taken a look in your jewelry box and found scrap gold which are of no use? What have you done with those scrap? Don’t ever think of throwing them away because these “you-thought-were-junks” have value. Scrap gold can still be sold for cash. And believe it or not but they are worth more than what you thought.The Twin Faces of the Gold Rush
It is sad to note that for every positive event that happens to a country or state, there is a commensurate negative effect. The California gold rush undeniably brought progress to the place which was only a backward settlement before it all began. Roads were opened, buildings erected and from a simple haven for settlers, California was declared a state. New settlers developed land that was previously owned by the natives forcing them to relocate to the more remote areas.The Inherent Characteristics of Gold
Of all the elements dug out of the earth, none is as priced and as celebrated as gold. Many went through a lot of hardships and even lost their lives in quest of it. Some persons even break laws just to acquire it. Nations spend much to procure it. This valuable metal has several attributes that is a factor to its worth. Yet, evidently, the most dominant facet is that, through the years, across cultures and continents, this particular element, whether in its pure form or not is equated with wealth, power and rule.Gold and Its Importance to Ancient and Modern Worlds
Oil, which made Middle East extremely progressive and wealthy, is dubbed as black gold. It is proof that anything that valuable is automatically associated with this element. The strength of every national treasury is backed by how much gold it has. The value of a nation’s currency is also determined by their gold holdings. Reason enough for China and others to spend much just to have as much gold as it could in its reserves. Individuals and whole countries alike, then and until now, put the same importance in gold.