Why You Should Save Your Nickels – Massive Inflation Ahead

September 09, 2009 Category: Money and Finances

What is inflation you may ask? Rather than explain using complicated economic terms and charts I will show you first hand. Allow us to take a time machine back to the year 1960. A used car costs close to $800, a gallon of gas $0.31, a gallon of milk $0.49, and the cost of a new home was a mere $16,000. Reach into anyone’s pocket at that time and you will find something very different than you would today…Real Money.

Our currency has been steadily losing its value over the years. Soon we will be forced to issue new nickels because they cost more to make than they are worth.

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