Showing posts from June 26, 2016

Want a Return on Your Money? Try Silver, Gold, and Platinum This Year

First a little background.  My state run retirement system, which is in the top 10% in terms of funding, is on track to either lose 1% this year or break even. It's fiscal year ends Jun 30. Most state run retirement funds are based on actuarial returns of 8% annually. This is not net of a true inflation rate which is running right around 9%. The government's wholly fictitious Bureau of Labor Statistics (BLS) publications which include the monthly PPI and CPI manipulations are some of the finest accounting gimmickry ever produced. They do this to keep inflation "contained" and to keep cost of living increases for SSI down to next to nothing. State retirement systems love the BLS- they cite their ridiculous numbers every year while screwing plan particpants out of cost of living allowances. Last year my state system gave out nothing- unless you had been retired for at least 5 years. They gave those people 1%. They are bankers. They know their actuarial rates