Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

As Dollar Value Plunges, NIA Warns Against Inflation And Recommends Buying Gold

October 13, 2010 by  

As dollar value plunges, NIA warns against inflation and recommends buying goldAfter the Bank of Japan left its interest rates close to zero earlier this week, financial analysts have been expecting monetary easing across major economies, including the United States. 

This has sent the value of the dollar down and prompted the National Inflation Association (NIA) to announce that it may be forced to change its warning of hyperinflation onset from 2014-2015 to as soon as 2012.

"Inflation never creates wealth, but instead misallocates resources that would have [gone] towards productive purposes if the free market was allowed to operate," the organization said in a statement.

Recently, media reports have quoted Federal Reserve officials as saying that the central bank may be willing to start buying U.S. government debt, a move that the Fed believes would lower interest rates and spur economic growth. However, it would also drive the currency lower and boost price inflation.

Given these circumstances, NIA and many financial analysts have been recommending investments in gold as a way to protect assets and wealth from depreciation. In recent months, gold prices have been at their record high levels. 

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “As Dollar Value Plunges, NIA Warns Against Inflation And Recommends Buying Gold”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.