Silver, Gold, and Inflation
3.9 (68 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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Silver, Gold, and Inflation

A revelation on how monetary inflation destroys savings and wealth.
3.9 (68 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
5,523 students enrolled
Created by Jerry Western
Last updated 4/2013
English
Price: Free
Includes:
  • 1 hour on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
To explain what monetary inflation is.
View Curriculum
Requirements
  • None
Description

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.

Who is the target audience?
  • Anyone who wants to protect their savings and wealth.
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Curriculum For This Course
Expand All 11 Lectures Collapse All 11 Lectures 01:10:40
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The Inflation Monster
4 Lectures 20:07
Lecture 1 is an introduction to, and preview of, the course content.  It is also makes the case for the importance of the content.
What is Inflation?
04:30

Lecture 2 asks what would happen if we doubled the money supply.  Would we become wealthier by doing so?
Double Trouble
05:30

Lecture 3 answers the question of why we have not yet seen inflation commensurate with money creation.
Why is Monetary Inflation not yet Apparent?
05:21

Lecture 4 tells of the importance of comparing apples to apples when discussing price.  When looking at price over time, we must take inflation into account.
The Inflation Adjusted Price
04:46
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Inflation Events Past, Present, and Future
3 Lectures 21:05
Lecture 5 looks at U.S. Government Debt and Liability trends.  Are they sustainable and what is the effect on gold?
U.S. Government Debt and Liabilities
04:06

Lecture 6 presents hyperinflations past.  Is the U.S. Dollar an exception?  Where are we in the inflation cycle?  What happens to markets during hyperinflation?
The Road to Ruin: Historic Inflations
09:42

Lecture 7 seeks signs of a U.S. Dollar hyperinflation.  Why can’t we go on printing forever?  What are the effects of a currency collapse?
Impending Hyperinflation in the U.S.
07:17
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Signposts
4 Lectures 07:28
Lecture 8 describes how gold acts during times of deflation.
Gold in Deflation
02:50

Lecture 9 postulates scenarios for the Dollar.
Scenarios
02:30

Lecture 10 Summarizes and Concludes.
Summary and Conclusion
02:08

This lecture contains additional relevant slides not included previously.
Addendum: Additional Slides
22 pages
About the Instructor
Jerry Western
4.0 Average rating
138 Reviews
7,857 Students
4 Courses
The Gold Money Guy

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 westernoutlook@yahoo.com.