First published by Money Metals Exchange here:
https://www.moneymetals.com/podcasts/2023/01/13/states-individuals-turn-to-precious-metals-depositories-002656
That’s still well above the Fed’s target, of course. And despite seeing some relief in fuel costs last month, consumers continued to face rising food prices. Price inflation may be moderating overall, but the inflation problem is far from solved. The underlying cause is the depreciation of the currency. The more dollars the government borrows into existence and the more dollars the Fed creates out of thin air to buy government bonds, the less those dollars are worth.
