Inflation and gold Inflation is here and going to get worst for those of us who Iived and worked through the 70,s
we seen this before higher oil prices higher food prices higher housing costs higher utility's and the government saying there isn't any inflation then saying prices wil come down then saying it's only 3 % that's normal when you know everything is costing you 10 /15 even 30 % more yep it's the 70s all over again soon wages will start going up then the big unions will demand inflation plus wages the strikes wil begin again do you remember when the trade unions went on strike every two years we'll now they have 3 year contracts coming due this spring you can bet there will be some strikes they are not going to lock in for 3 years for 2-3 % a year with inflation running at a stated 6 % but a real 12% or higher
all this been said higher wages is inflation becoming permanent the wages don't go down once they go up unless the governments roll them back like papa Trudeau did but that only caused more labour unrest and shortages causing more inflation all this means is gold is going higher