Auto Parts Millionaire Warns He's Raising Prices  It's one thing to read news reports about rising inflation in America. But it's another thing altogether to walk into a store and see how much more the things you usually buy are costing these days. Most of the time, stores try not to mention that they're raising prices. They're hoping you just don't notice... But there's no hiding it these days. In fact, Advance Auto Parts CFO, Jeffrey Shepherd, while speaking on his company's second-quarter earnings call, just flat out admitted: There is MORE INFLATION coming.
The company expects to see prices for its auto parts rise as much as 4% over the rest of the year. And they're NOT going to be alone... Mohammed El-Erian, chief economic adviser at Allianz SE, told Bloomberg TV recently: I have a whole list of companies that have announced price increases, that have told us they expect further price increases, and that they expect them to stick.
Look, between the highest inflation we've seen in 13 years... record low interest yields from banks... and the downward spiral of the U.S. dollar's spending power... the traditional American financial system is doing you ZERO favors right now. And it could be putting your retirement at grave risk. Which is why I made the choice to pull my money out of the familiar confines of savings accounts, CD's, and mutual funds. And instead, I moved it into an asset that's specifically designed to: - PROTECT you from the shocking decline of the U.S. dollar being fueled by the Federal Reserve's endless printing...
- And PAY you annual interest rates of 8%... 12%... even 20% or more... while the average savings account will barely get you HALF a percent.
I just posted a new update from my home in Palm Springs where I share all the details. You can watch, free of charge, right here. Regards, Eric Wade
Lead Investment Analyst, Stansberry Research | 
