The “Dis-Savings” Glut
Bill BonnerLook at the price of oil – over $79. And the price of gold – over $1050. Compared to each other – oil and gold – prices are stable. But against the dollar both are rising. In other words, people with dollars are trading them for oil and gold.
I get a small SS check from my years in Canada. Last year it was $65; now it's $77.
My Canadian benefits have not gone up; the US dollar has gone down.