Short & Sweet
‘He clung to that which he could really trust, really own, really control’

photo of stacks of gold and silver coins

In an analysis posted at Daily Reckoning, Jeffery Tucker offered an opinion on inflation shared by a good many economists and investors. “Gradually,” he writes, “we’ve come to see the light. There will be no rolling back those price increases in general. There will be declines in the pace of increase here or there but overall prices have shifted upward, permanently.” With that in mind, he shares some family history: “There is nothing we can take for granted in this inflationary crazy economic environment, no rules of thumb that can really guide us. My father was a thrifty man, a truly great man, but also a believer in long-term value and truth. Yes, he loved gold and silver coins too, and very much so. He accumulated them throughout his life. As I look at that today, it is extremely obvious that this was one of his best financial decisions. He was never a day trader or a rah-rah techno champion. He clung to that which he could really trust, really own, really control. That seems like a good way to think even now.”


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