Wheat prices closed today at $8.08 per bushel up from $4.72 per bushel in June. That is a 71% increase in the price.
The effects of helicopter money? Certainly this has a lot to do with it. Wheat cannot be printed on a printing press. Gold coins can't either. Neither numismatic silver coins. Numismatic gold coins on a printing press? Not on your life. They are simply showing their true value as the paper US dollar buys less. Unfortunately, we all need to get used to a new term in our vocabulary - agflation. Read about it here. Keep a watchful eye on gold supply and demand. As your coins dealer, Lear Capital brokers can discuss how gold coins as an investment can be the gold inflation hedge you need today. Your coins dealer? Lear Capital - the precious metals leader! Buy gold!