For all of those who lived through the raging inflation of the 1980's, this new inflation rate actually feels worse. The government says that officially inflation is at 8.3% last month. The likely reason it feels worse is that the true inflation rate, if calulated using the same method as was done in the 80's, would actually be closer to 16%.

Everything seems to cost more. If it was just an increase in the price of a few items or across a few areas, then it would be possible that erroneous factors are at fault. The fact that literally everything costs more, is more of an indication of the decrease in the value of the currency. The dollar is worth less.

There is not much a person can do about it at this point, the time for prepping and buying needed vehicles, storable food and medicine, etc. is fading away. Only items that have value and store well are likely going to give a person an advantage. Cash is great to have on hand, a small amount anyway, but large cash piles just loose value at the real rate of 16% a year.

Gold is a historic hedge, as is silver. Given the current low price of precious metal, relative to the value of currency, could mean metals are undervalued, thus a good buy.

Knowing all of this, is it time to invest in something other than US dollars? Gold is a commodity that is popular.

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