Inflation is a hidden tax.
Just as Income, Sales, and Property taxes confiscate your wealth, so does the Inflation tax. It’s just hidden from you.
It’s not overt. You didn’t vote for it. Most people cannot describe what it is exactly.
The effect of inflation is the erosion of the purchasing power of the Dollar.
As its value erodes, it takes more dollars to purchase a set amount of gold.
Just as we would not save in, say, bananas – which will decay over time and become worthless - we don’t really want to save in dollars, which also decay over time and become worth less and less until they too, in time, become worthless.
Perhaps a quote from Alan Greenspan describes the problem the best. "In the absence of a gold standard there is no way to protect savings from confiscation through inflation."
The course consists of a series of 100 slides from a college lecture.
It should take just under one hour to complete.
Instructor consultation will be via e-mail contact.
Mr. Western has bought, sold, and collected coins since he was a child. He teaches College courses about Gold and Silver, Money, Inflation, and related topics including Precious Metal Equities. It is his wish that others come to a better understanding of money and our monetary system.
Mr. Western has an intense interest in all things gold and silver.
Look for other courses from him on Inflation, The Gold and Silver Industry, and Gold and Silver Stocks and Equities.
He can be reached at firstname.lastname@example.org.