Topic: How To Invest

What is Pat’s commentary for the week of November 5, 2013?

Article Excerpt

A year ago, we advised you to resist the lure of the investment marketers who focus on hyperinflation risk to market their overpriced gold coins, gems and other collectibles. Since then, the price of gold has dropped by a third. The U.S. federal spending deficit has begun to move down. The most economically troubled countries of Europe have made some fiscal progress. But the hyperinflation marketers ignore these gains. Their advertising is as shrill and misleading as ever. The U.S. and other countries are still running vast federal budget deficits, of course. This hurts the broad economy, and will eventually spur inflation. However, hyperinflation has always been an extremely rare phenomenon, quite different from today’s mild inflation. The term refers to inflation that becomes so intense that money soon loses all value. The hyperinflation industry has been around at least since the high-inflation days of the 1970s and 1980s. Back then, hyperinflation marketers used to try to put on a scholarly…