Creating Wealth Originally published by Khyron as "Creating Wealth: An Economic Perspective" It seems to me that there isn't a way to escape inflation. Consider this: the creation of wealth through stock appreciation means that more currency needs to be printed (ie. created) to support the demand. However, the gold supplies backing the currency (the gold reserves that are stored at Fort Knox) are growing much less quickly, if at all. Another factor is that many nations do not recognize gold as being quite as important an economic support as it once was (notice the huge selloff of gold by Australias's government from its reservesi a few months back). Thus, it seems that you can't really defeat inflation if these factors remain true; it will always be present as a matter of course. Therefore, the growth in the value of personal financial assets must mirror that of the financial markets. Conclusion: invest in the stock market. While I'm talking about inflation, it would seem that given the -- Khyron - 11/29/98 |