15 April 2011

Declining Standard of Living

If you followed the news here in the states, instead of across the pond, you would think everything is hunky dory.  Of course, we know that our dollar buys a lot less these days. 

Unfortunately for the Brits, their Pound buys a lot less every day as well.  To the tune of about 1 Pound a day.  Yikes!  As the blog article states, it gives a whole new meaning to the term "bank robbery."  Watching negative interest rates eat at your bank savings is depressing.  I'm in that boat myself. 

Of course, life isn't without risks, since the precious metal trade also has downside risk as well

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