May 23, 2008
 

Ironically, for a purportedly “safe” investment, buying 3-month T-bills with the fed funds rate now at 2% is a guaranteed money loser once you take inflation into account.

And it is actually much worse than many people think: to provide a more consistent look, John Williams of Shadow Statistics recalculates CPI the old-fashioned way -- using the U.S. government’s original formula from 1980 -- before they started fiddling the numbers to make the economic picture look rosier than it really is. His ”Shadow Stats” show the actual rate of inflation in the United States currently running over 11%.

As this realization dawns within the broader investment community, the definition of what is actually a safe investment has begun to change, with an increasing number of investors opting instead to buy gold or other tangible commodities.

 

Stay in touch with the economic trends moving today's markets

On the 37 page May 2008 issue of the International Speculator, Doug Casey, Chairman of Casey Research joins with chief economist Bud Conrad to examine the full implications of the bigger trend for interest rates and to provide specific insights on one of the most powerful ways to position your portfolio today for a big profit move that will last months and years.  Best of all, you can receive your issue today with a no-risk, 3-month trial subscription to the International Speculator.

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