I really like the iPad. I do! My wife has one and she loves hers. But,neither one of can eat it as a meal. Also, a fine resident of Queens, NY agrees with me. You see, New York Federal Reserve President William Dudley was holding a discussion in Queens last Friday about how Fed policy works. As Kristina Cooke wrote in this Reuters article was bombarded by questions about food inflation. As an example: When was the last time, sir, that you went grocery shopping? one audience member asked.
Agreed. As mentioned, after Dudley referenced the iPad 2 being priced the same as an iPad 1, the one Queens resident said: I can't eat an iPad.
This may go down in history as a moment where it showed just how out of touch our Federal Reserve is with it's citizens.
Can you eat physical gold, or a small gold coin, or even numismatic silver? No. But, they can help your portfolio potentially keep pace with the ravages of the inflation that our Fed cannot see. Call us at Lear Capital today!