Doom and Gloom!

For whatever it's worth ... i ran across what i believe is a good article at Kitco in regard to inflation. On a gut level ... you know that the cost of living is going to skyrocket after the election. Anyone living on a fixed income is going to be caught between a rock and a hard place. This explains the how and why of it if you think it all the way through.



https://www.kitco.com/news/article/2...fed-rate-plans

On the upside ... we're looking at the possibility of fairly decent scrap metals prices further on down the line. Gold and copper are near all time highs and poised to do even better. Ferrous is currently down but may do especially well if wider conflicts break out in one of the three global hotspots ... Europe, the Middle East, and the South China sea.

Doom & gloom isn't always a bad thing.

Originally Posted by hills

For whatever it's worth ... i ran across what i believe is a good article at Kitco in regard to inflation. On a gut level ... you know that the cost of living is going to skyrocket after the election. Anyone living on a fixed income is going to be caught between a rock and a hard place. This explains the how and why of it if you think it all the way through.

https://www.kitco.com/news/article/2...fed-rate-plans

On the upside ... we're looking at the possibility of fairly decent scrap metals prices further on down the line. Gold and copper are near all time highs and poised to do even better. Ferrous is currently down but may do especially well if wider conflicts break out in one of the three global hotspots ... Europe, the Middle East, and the South China sea.

Doom & gloom isn't always a bad thing.

Watch what ya wish for.

Originally Posted by alloy2

Watch what ya wish for.

Good advise !

Honestly .... i don't want any of this. I'm just saying that this seems to be the way that things are going to unfold in the coming months and years. I suppose we might as well try and make the best of it. It helps if you have some idea of what lies ahead.

Like ... let's say you were a retired guy living on Social Security and a few investments. That might not be enough to make ends meet if the cost of living goes up again. There's plenty of jobs right now. Maybe you take something part time so you have a little more coming in every month.