A weekly thread to discuss financial matters - from personal all the way up to global.
Ground Rules
- Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
- Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
- Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
- Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.

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Notes -
It takes time for inflation to work its way through the economy, and prices are sticky. Both are econ 101 quiz points when it comes to inflation.
Difficult to square your worldview with sharp swings in the price of gold. The gold is always the same, so when the value of gold changes it's an indicator of the value of the dollar changing. If it takes time for inflation to "work its way through the economy", why does the price of gold change so rapidly with inflation?
Or perhaps it's the case that not every change in the price of gold is due to inflation?
That gold outperforms cooked KPI numbers over the long term does not mean that all of the limitations of measuring inflation in the first place suddenly go away.
So short term price changes in gold don't mean anything, but long term ones do.
Long term changes like 1980-2000 perhaps?
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