@ErrorsOnCoins said:
Deflation waiting to come ashore ...
The kind where there aren't enough workers to unload or trucks to carry it...
Could be cleared up in 30 to 60 days if the Government wanted to bust the Longshoremen's Union and bring in the National Guard to run the cranes. Trucks are leaving the docks empty.
That's a big if....and there are a few other "if only ___" to throw into the mix there.
@ErrorsOnCoins said:
I'm just effing with ya all. I have no idea nor you what the productivity level was during this time period.
All I know his that if you have a home office, then the price of gas does not really matter.
Being a "work from home" employee for the last 20 months doesn't mean I haven't left my house in 20 months...
Gas prices affect pretty much all aspects of most American's lives: increased food prices, increased shipping prices, increased heating prices, increased labor prices, increased material prices (oil is used in a lot of products people use everyday) and I can keep going on and on.
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
And don't forget jobs like farming which can be energy intensive with thin profit margins. I guess I can just suck on my iPhone if I get hungry.
I'm very lucky. I could work from home during the entire pandemic. I never missed a paycheck. I could also stay home and have unlucky people bring me food and things with a quick phone call. Those people were not so privileged. They had to go out there and hustle in the middle of the pandemic just to make ends meet. Those people feel the costs of gasoline and food, even if fortunate people like myself don't. It really bugs me that there is zero understanding or sympathy for them.
@cameonut2011 said:
The OP’s question is a good one without an obvious answer.
Well, there's an obvious partial answer: if you are trying to determine the true direction of silver, you really shouldn't listen to the "silver bugs".
There are gold and silver bugs who have been calling for $100 silver and $3000 or $5000 gold for the last 20 years. Some day, if we live long enough, they may be right. But timing matters and being right 20 years (or 50 years) too late is the same as being wrong.
Needs more time, inflation a short term problem or a long term thing that causes interest rates to rise in an effort by the Fed to slow it down…stay tuned! Let’s just hope it isn’t a replay of Jimmy Carters term in office!
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
@ErrorsOnCoins said:
I'm just effing with ya all. I have no idea nor you what the productivity level was during this time period.
All I know his that if you have a home office, then the price of gas does not really matter. The time spent not commuting can be applied to productivity.
Many of the major corporations say productivity went up when their employees worked from home.
It's not just because they worked from home. When you are at an office, you have a standard start time and quit time which is usually 8 to 9 hours. Many workers are not leaving their work at a specific time at home so instead of the normal 8 to 9 hours they are working 10 to 11 or more.
... Or some are working fewer hours, or sort of working while watching their kids or whatever. Jury is still out on whether the work-from-home is a net productivity improvement. But since many companies are trying to bring their workers back into the office, it is not a slam dunk
100th pint of blood donated 7/19/2022 . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
@philographer said:
Many times precious metals are sold to those who are fearful. It would have been better to invest in Exxon in anticipation of increased demand.
Only short term maybe, long term, new tech - solar, elec cars etc. Petro is not a growth future..........
Monetary and fiscal policy drive inflation. Technology and globalization drive deflation. The net effect could go either way, but it will affect commodities differently than consumer goods. I like silver and gold in the long run.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@ErrorsOnCoins said:
I'm just effing with ya all. I have no idea nor you what the productivity level was during this time period.
All I know his that if you have a home office, then the price of gas does not really matter. The time spent not commuting can be applied to productivity.
Many of the major corporations say productivity went up when their employees worked from home.
It's not just because they worked from home. When you are at an office, you have a standard start time and quit time which is usually 8 to 9 hours. Many workers are not leaving their work at a specific time at home so instead of the normal 8 to 9 hours they are working 10 to 11 or more.
... Or some are working fewer hours, or sort of working while watching their kids or whatever. Jury is still out on whether the work-from-home is a net productivity improvement. But since many companies are trying to bring their workers back into the office, it is not a slam dunk
From my experiences, it is far from a productivity improvement. Questions that used to be a quick answer or tasks that could be completed in a short period, are now being dragged out. It's becoming hard to reach people. Before you would just walk over to their desk but now you have to hope you can get an email reply or a call back.
@cameonut2011 said:
Not all of us have the luxury of working from home.
It really bugs me that there is zero understanding or sympathy for them.
It really bugs me that there is zero understanding or sympathy for them.
>
It really bugs me that there is zero understanding or sympathy for them.
>
My wife worked every (work) day during the pandemic as she is an essential worker.
She made the choice to work 5 miles from our home so gas price really has no effect on her. The pandemic era pay more than paid for inflation.
Many are getting raises now.
Government did give out tons of free money which should cover some transitory inflation.
Its really rather unfortunate that you see the bubble of your life as representative of most, it is not. IT might do you some good to talk to some folks that live on a fixed income and see if they think there is no inflation.
@DelawareDoons said:
Anybody remember paying $4.50/gal for regular gas in the summer of 2008? I do!
Silver is an industrial metal these days, and the sooner people understand that and plan based on that, the better off they will be.
Isn't it pretty heavily used in the solar panel market? You would think that pressure alone would cause some market movement. Maybe it's just taking up the slack from when the film market went to digital.
Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
@ErrorsOnCoins said:
I'm just effing with ya all. I have no idea nor you what the productivity level was during this time period.
All I know his that if you have a home office, then the price of gas does not really matter. The time spent not commuting can be applied to productivity.
Many of the major corporations say productivity went up when their employees worked from home.
It's not just because they worked from home. When you are at an office, you have a standard start time and quit time which is usually 8 to 9 hours. Many workers are not leaving their work at a specific time at home so instead of the normal 8 to 9 hours they are working 10 to 11 or more.
... Or some are working fewer hours, or sort of working while watching their kids or whatever. Jury is still out on whether the work-from-home is a net productivity improvement. But since many companies are trying to bring their workers back into the office, it is not a slam dunk
From my experiences, it is far from a productivity improvement. Questions that used to be a quick answer or tasks that could be completed in a short period, are now being dragged out. It's becoming hard to reach people. Before you would just walk over to their desk but now you have to hope you can get an email reply or a call back.
... Or use e.g. Zoom, Skype, or MS Teams chat messaging, pretty much real time. Works pretty well.
100th pint of blood donated 7/19/2022 . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
@ErrorsOnCoins said:
I'm just effing with ya all. I have no idea nor you what the productivity level was during this time period.
All I know his that if you have a home office, then the price of gas does not really matter. The time spent not commuting can be applied to productivity.
Many of the major corporations say productivity went up when their employees worked from home.
It's not just because they worked from home. When you are at an office, you have a standard start time and quit time which is usually 8 to 9 hours. Many workers are not leaving their work at a specific time at home so instead of the normal 8 to 9 hours they are working 10 to 11 or more.
... Or some are working fewer hours, or sort of working while watching their kids or whatever. Jury is still out on whether the work-from-home is a net productivity improvement. But since many companies are trying to bring their workers back into the office, it is not a slam dunk
From my experiences, it is far from a productivity improvement. Questions that used to be a quick answer or tasks that could be completed in a short period, are now being dragged out. It's becoming hard to reach people. Before you would just walk over to their desk but now you have to hope you can get an email reply or a call back.
... Or use e.g. Zoom, Skype, or MS Teams chat messaging, pretty much real time. Works pretty well.
That's where you get the "I'll get to it" message and then they never get to it.
It's easier to get away with that when you don't see each other in person.
The newer article of 21st October sorts of spells it out and the run away inflation rate gives it lots of credence and people are starting to actually notice it.
I remember my dad paying .29 a gallon for gas. To much paper and ink out there for silver to go higher then $50.00 a oz. That is just me dumb Type2 thinking.
I’ve generally stayed out of these inflation debates but not tonight.
Silver has had a little pop up from the low 20’s to 25 ish. This is not the type of exaggerated response speculators were expecting, but it’s something.
The Fed has painted itself into a corner with the QE’s and earlier efforts to stimulate the economy.
The inflation rearing its head now is real, how long it lasts and how much worse it’s going to get are unknowns.
Because The Fed has pretty much used up all their bullets with QE’s including massive support of the bond markets, including the purchasing of fairly risky notes, that they are now left with very little ammunition if and when the economy does sink into recession.
I believe there is significant risks in MANY markets due to the flooding of easy money into highly speculative investment vehicles all over the place. Cryptocurrencies, collectibles, real estate and even many stocks.
I’ve been around long enough to have lived through- and actively traded markets all the way back to the 80’s. I was “day trading options” during the crash of 87- before internet trading was available and I was doing stock charts by hand and trading over the phone. I was thick into it during the dot com bubble and it’s ugly burst when MANY much beloved tech darlings LOST 90+% of their value!
My message to many here that think stocks are bulletproof- I should encourage you to consider otherwise. Sadly, with interest rates near zero, or below, this has made stocks the main game in town- for MANY years. Watch out! If the economy really does slow down and the ratio of GDP to debt gets more skewed out of whack, we really could be in trouble quick.
It’s going to be a delicate tightrope walk to raise revenues (taxes) enough to bring this equation back into a reasonable balance without throwing the economy into recession,
Interest payments on the national debt don’t have much wiggle room in the event of some sort of credit crunch or loss of faith in the “full faith and credit” of the US Treasury to make good on its obligations- no matter what that entails.
We’re skating on thin ice, and have been doing so for a long time.
It’s not an impossible situation to navigate, but violently opposing geopolitical factors make it extremely precarious moving forward.
Just my 2 cents.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
Extremely hard work is not privilege.
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
@Type2 said:
I remember my dad paying .29 a gallon for gas. To much paper and ink out there for silver to go higher then $50.00 a oz. That is just me dumb Type2 thinking.
I remember paying .29 a gallon for gas.
What do you mean by "to much paper and ink out there for silver to go higher then $50.00 a oz."? Too much paper and ink is what drives the price up.
And just exactly what is "transitory inflation" as compared to regular inflation?
@Type2 said:
I remember my dad paying .29 a gallon for gas. To much paper and ink out there for silver to go higher then $50.00 a oz. That is just me dumb Type2 thinking.
I remember paying .29 a gallon for gas.
What do you mean by "to much paper and ink out there for silver to go higher then $50.00 a oz."? Too much paper and ink is what drives the price up.
And just exactly what is "transitory inflation" as compared to regular inflation?
I think he's referring to paper silver not paper money. Far more silver and other commodities are traded as paper assets than actual physical assets.
@Type2 said:
I remember my dad paying .29 a gallon for gas. To much paper and ink out there for silver to go higher then $50.00 a oz. That is just me dumb Type2 thinking.
I remember paying .29 a gallon for gas.
What do you mean by "to much paper and ink out there for silver to go higher then $50.00 a oz."? Too much paper and ink is what drives the price up.
And just exactly what is "transitory inflation" as compared to regular inflation?
I think he's referring to paper silver not paper money. Far more silver and other commodities are traded as paper assets than actual physical assets.
@Type2 said:
I remember my dad paying .29 a gallon for gas. To much paper and ink out there for silver to go higher then $50.00 a oz. That is just me dumb Type2 thinking.
I remember paying .29 a gallon for gas.
What do you mean by "to much paper and ink out there for silver to go higher then $50.00 a oz."? Too much paper and ink is what drives the price up.
And just exactly what is "transitory inflation" as compared to regular inflation?
I think he's referring to paper silver not paper money. Far more silver and other commodities are traded as paper assets than actual physical assets.
The world is getting too confusing for me.
It is decidedly complex. And it changes much more rapidly than it did 50 years ago. It is the nature of the technological revolution.
@CopperWire said:
In the last 6 months prices for everyday goods have inflated at a rapid pace. I was paying $2.10/gallon for fuel in April and now I am over 4.09.
I feel like this is the exact situation that silverbugs have been talking about for decades. So why isn't my silver also rising in value?
I ve been saying this for a year now, the crypto scene has taking the umph out of precious metals. The older folks like me an older have always gravitated to silver and gold as a hedge against inflation/uncertainty. And we definitely have some challenging times ahead, but many of the millennials and younger generation are fixating on Crypto, now in the past few months, numerous commercials during the world series, NFL games, hockey games and adds with super stars like tom brady and such promoting it, its only going to get more folks looking into accumulating.
I cant tell you the number of 40 and younger local folks who used to buy silver and gold, have cashed out and into crypto now.
Industrial demand on silver has never been greater then it is today and that demand is set to skyrocket.
With climbing oil prices, silver is getting more expense to mine.
Gold offers dollar insurance, but silver is both a commodity and real money.
The precious metal cartel have been suppressing silver and gold prices with paper shorting for many many years.
The Fed, central banks, Wall Street and the government does not want people to pile into PM's, it will destroy their fake currency and their power. They have a vested interest in keeping prices suppressed.
I watch many on-line dealers inventory and I'm see huge demand for silver. Many are running out of certain products they had large inventories of just weeks earlier.
No one can be sure when a silver shortage will occur, but occur it will.
The question is, what will the government do when that happens?
Commodities have increased due to demand. The Chinese protein demand is exceptionally high stemming from a need to rebuild their pig stock after being wiped out a few years back. Russia has added a huge export tariff to wheat. Biodiesel mandates driven by a massive increase in edible oils. Hedge funds just rolled over major currency gains into grains as a portfolio reallocation. The annual $600B exploration and development investment by oil and gas producers has been $325B for the last three years though with OPEC adding capacity we will be in surplus in early 2022 at current pace.
Point is, it isn’t just the concept of inflation… there are specific supply and demand drivers that you have to understand to determine what is structural vs what is transitory. Net, we will likely be seeing inflation at or above the 3% compounded mark for a few years to come. Hopefully growth in wages and the economy keeps up or we are in trouble.
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
Extremely hard work is not privilege.
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
Extremely hard work is not privilege.
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
Extremely hard work is not privilege.
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
@jmlanzaf said:
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
Fact is the price of silver and gold is papered over, that is to say trades are not settled in actual metal delivery. There's more paper trades out there than; thar is Silver er Gold Son!
Listen closely, read and study;"when they want it, sell it, when they don't want it, buy it.
Rare Coins and Precious Metals are about as rare as the money chasing them. aka NOT!
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
Extremely hard work is not privilege.
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
So you are saying that I am privileged because I am a white straight male?
That would be the majority of the forum you are calling privileged.
How would he even know that you’re a straight white male? He didn’t until you volunteered it. You’re reading WAAAAAY too much into this EOC.
He constantly calls me privileged, which I am not except to be married to a beautiful wife.
He has no idea what he is talking about as always.
Privilege is not just about race or gender. It is far more complex.
I said you were demonstrating privilege because of your complete lack of empathy for people struggling with the inflation you continue to deny exists. You keep harping on iPhones and working from home as though your reality is everyone's.
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
Extremely hard work is not privilege.
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
So you are saying that I am privileged because I am a white straight male?
That would be the majority of the forum you are calling privileged.
How would he even know that you’re a straight white male? He didn’t until you volunteered it. You’re reading WAAAAAY too much into this EOC.
He constantly calls me privileged, which I am not except to be married to a beautiful wife.
He has no idea what he is talking about as always.
Privilege is not just about race or gender. It is far more complex.
I said you were demonstrating privilege because of your complete lack of empathy for people struggling with the inflation you continue to deny exists. You keep harping on iPhones and working from home as though your reality is everyone's.
Because I say inflation isn't real because of productivity gains, I am called privileged and another member called me dumb.
I have way more empathy than most on this forum.
I have the business channel on all day in the background. I have heard about inflation for 8 months now every day. Now it's on all the news networks and every one is pushing it. Everyone, I mean just about everyone is saying there is inflation. I do not follow the crowd and think for myself.
I love going against the grain. It does not make me privileged.
@jmlanzaf said:
You keep harping on iPhones and working from home as though your reality is everyone's.
I work for a company that produces food. Aside from a yearly two week maintenance shutdown, the factory runs 24/7/365, and workers can't run it from their homes. There are many other facilities like ours all over the country (not to mention the businesses we depend on in order to keep ours running) and if the people who leave their homes to go to them to do their jobs stayed home, other people (like some on this thread) would be eating their pets in no time at all.
@cameonut2011 said:
Not all of us have the luxury of working from home.
He constantly calls me privileged, which I am not except to be married to a beautiful wife.
He has no idea what he is talking about as always.
Privilege is not just about race or gender. It is far more complex.
I said you were demonstrating privilege because of your complete lack of empathy for people struggling with the inflation you continue to deny exists. You keep harping on iPhones and working from home as though your reality is everyone's.
Because I say inflation isn't real because of productivity gains, I am called privileged and another member called me dumb.
I have way more empathy than most on this forum.
I have the business channel on all day in the background. I have heard about inflation for 8 months now every day. Now it's on all the news networks and every one is pushing it. Everyone, I mean just about everyone is saying there is inflation. I do not follow the crowd and think for myself.
I love going against the grain. It does not make me privileged.
This is a forum dedicated to people who spend thousands on shiny baubles. Everyone here has some level of privilege. Some of us even recognize it.
Saying you have empathy isn't the same as actually having empathy. You still haven't acknowledged that the inflation exists much less that the inflation in food and fuel costs are causing real pain for people.
In the Northeast, where I live, heating costs this winter are expected to be at least 25% higher than last year. Gasoline costs are 30% or more higher. The cost of milk is 25% higher than last year. Don't you think that affects families with children? Commuters? Truckers?
Families need to pay those costs NOW. They can't wait for the longer term trend of technological deflation to feed their children.
That's my last word on the subject. Feel free to call me ignorant again.
@cameonut2011 said:
Not all of us have the luxury of working from home.
Only the totally oblivious would not recognize this fact.
The forums can be a special place at times. 😂
I would use the "P" word, but it sets some people off.
>
You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
Extremely hard work is not privilege.
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
So you are saying that I am privileged because I am a white straight male?
That would be the majority of the forum you are calling privileged.
How would he even know that you’re a straight white male? He didn’t until you volunteered it. You’re reading WAAAAAY too much into this EOC.
He constantly calls me privileged, which I am not except to be married to a beautiful wife.
He has no idea what he is talking about as always.
Privilege is not just about race or gender. It is far more complex.
I said you were demonstrating privilege because of your complete lack of empathy for people struggling with the inflation you continue to deny exists. You keep harping on iPhones and working from home as though your reality is everyone's.
Because I say inflation isn't real because of productivity gains, I am called privileged and another member called me dumb.
I have way more empathy than most on this forum.
I have the business channel on all day in the background. I have heard about inflation for 8 months now every day. Now it's on all the news networks and every one is pushing it. Everyone, I mean just about everyone is saying there is inflation. I do not follow the crowd and think for myself.
I love going against the grain. It does not make me privileged.
We've had crazy productivity gains for a while now. The problem is the gains tend to go to those at the top rather than those at the bottom. The share of the wealth generated from the gains in productivity is completely askew, and I think what jm is saying is that your ability to capture those gains as opposed to the typical average person's inability to do so is a large part of your privilege, on a fundamental level. You are somewhat detached from the reality of the working class at this point, and I do not mean that as an insult in any way, shape or form to you as a person or the hard work and diligence you put in to get to where you are. That's the dream for most people... But the reality is that once we attain that position, we are privileged by our detachment from the reality that the working class face.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Comments
I still have silver that I bought at $5 an ounce. Not as an investment or hedge, but more as a William Devane moment, "I even like the feel of silver"
That's a big if....and there are a few other "if only ___" to throw into the mix there.
Being a "work from home" employee for the last 20 months doesn't mean I haven't left my house in 20 months...
Gas prices affect pretty much all aspects of most American's lives: increased food prices, increased shipping prices, increased heating prices, increased labor prices, increased material prices (oil is used in a lot of products people use everyday) and I can keep going on and on.
Just remember that silver is an antibiotic. I caress my bars daily to ward off Covid. 😎
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
I would use the "P" word, but it sets some people off.
And don't forget jobs like farming which can be energy intensive with thin profit margins. I guess I can just suck on my iPhone if I get hungry.
I'm very lucky. I could work from home during the entire pandemic. I never missed a paycheck. I could also stay home and have unlucky people bring me food and things with a quick phone call. Those people were not so privileged. They had to go out there and hustle in the middle of the pandemic just to make ends meet. Those people feel the costs of gasoline and food, even if fortunate people like myself don't. It really bugs me that there is zero understanding or sympathy for them.
Well, there's an obvious partial answer: if you are trying to determine the true direction of silver, you really shouldn't listen to the "silver bugs".
There are gold and silver bugs who have been calling for $100 silver and $3000 or $5000 gold for the last 20 years. Some day, if we live long enough, they may be right. But timing matters and being right 20 years (or 50 years) too late is the same as being wrong.
Needs more time, inflation a short term problem or a long term thing that causes interest rates to rise in an effort by the Fed to slow it down…stay tuned! Let’s just hope it isn’t a replay of Jimmy Carters term in office!
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It really bugs me that there is zero understanding or sympathy for them.
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My wife worked every (work) day during the pandemic as she is an essential worker.
She made the choice to work 5 miles from our home so gas price really has no effect on her. The pandemic era pay more than paid for inflation.
Many are getting raises now.
Government did give out tons of free money which should cover some transitory inflation.
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You use the word "privilege" and I am surprised that you being a self proclaimed educator have no idea what that word means. I worry for your students.
You really have no idea what you are talking about as usual.
Extremely hard work is not privilege.
... Or some are working fewer hours, or sort of working while watching their kids or whatever. Jury is still out on whether the work-from-home is a net productivity improvement. But since many companies are trying to bring their workers back into the office, it is not a slam dunk
Only short term maybe, long term, new tech - solar, elec cars etc. Petro is not a growth future..........
"Let them eat cake" didn't turn out so well first time around but maybe this time, it'll be different.
Monetary and fiscal policy drive inflation. Technology and globalization drive deflation. The net effect could go either way, but it will affect commodities differently than consumer goods. I like silver and gold in the long run.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I think we are just beginning to recognize inflation. The next 12-24 months may shock some people.
From my experiences, it is far from a productivity improvement. Questions that used to be a quick answer or tasks that could be completed in a short period, are now being dragged out. It's becoming hard to reach people. Before you would just walk over to their desk but now you have to hope you can get an email reply or a call back.
It amazes me that people can't state their case without resorting to personal attacks.
Inflation 👍🏻👎🏻
Market 👍🏻
Silver 👎🏻
It wasn’t silver that offered me early retirement.
Its really rather unfortunate that you see the bubble of your life as representative of most, it is not. IT might do you some good to talk to some folks that live on a fixed income and see if they think there is no inflation.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Anybody remember paying $4.50/gal for regular gas in the summer of 2008? I do!
Silver is an industrial metal these days, and the sooner people understand that and plan based on that, the better off they will be.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Isn't it pretty heavily used in the solar panel market? You would think that pressure alone would cause some market movement. Maybe it's just taking up the slack from when the film market went to digital.
... Or use e.g. Zoom, Skype, or MS Teams chat messaging, pretty much real time. Works pretty well.
That's where you get the "I'll get to it" message and then they never get to it.
It's easier to get away with that when you don't see each other in person.
It has been on the cards for a while and the can just kept getting kicked down the road.
A month ago Bloomberg mentioned the dreaded R word which was followed by Forbes three days later.
Is the U.S. Already in Recession?
https://www.bloomberg.com/news/newsletters/2021-10-11/what-s-happening-in-the-world-economy-the-u-s-recession-risk
The U.S. Economy May Be Facing Another Recession, New Research Suggests
https://www.forbes.com/sites/pedrodacosta/2021/10/14/the-us-economy-may-be-facing-another-recession-new-research-suggests/
US has dipped into recession as worried consumers flash warning signs: economists
https://nypost.com/2021/10/18/us-has-dipped-into-recession-as-worried-consumers-flash-warning-signs-economists/
The newer article of 21st October sorts of spells it out and the run away inflation rate gives it lots of credence and people are starting to actually notice it.
https://www.forbes.com/sites/zackfriedman/2021/10/21/research-us-already-in-recession-that-could-be-as-bad-as-2008/?sh=1ecab0c068eb
Buckle up, we are sure in for a fun ride.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
That is what’s wrong with America. People really, truly believe that it’s free money!!!
And therein lies a lot of problems. Not all of it but surely some of it
https://www.zerohedge.com/markets/mainstream-has-inflation-story-backwards
And the outlook does not look good till mid-2022 either
https://www.zerohedge.com/economics/heres-one-more-reason-inflation-could-accelerate-through-mid-2022
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
I remember my dad paying .29 a gallon for gas. To much paper and ink out there for silver to go higher then $50.00 a oz. That is just me dumb Type2 thinking.
Hoard the keys.
I’ve generally stayed out of these inflation debates but not tonight.
Silver has had a little pop up from the low 20’s to 25 ish. This is not the type of exaggerated response speculators were expecting, but it’s something.
The Fed has painted itself into a corner with the QE’s and earlier efforts to stimulate the economy.
The inflation rearing its head now is real, how long it lasts and how much worse it’s going to get are unknowns.
Because The Fed has pretty much used up all their bullets with QE’s including massive support of the bond markets, including the purchasing of fairly risky notes, that they are now left with very little ammunition if and when the economy does sink into recession.
I believe there is significant risks in MANY markets due to the flooding of easy money into highly speculative investment vehicles all over the place. Cryptocurrencies, collectibles, real estate and even many stocks.
I’ve been around long enough to have lived through- and actively traded markets all the way back to the 80’s. I was “day trading options” during the crash of 87- before internet trading was available and I was doing stock charts by hand and trading over the phone. I was thick into it during the dot com bubble and it’s ugly burst when MANY much beloved tech darlings LOST 90+% of their value!
My message to many here that think stocks are bulletproof- I should encourage you to consider otherwise. Sadly, with interest rates near zero, or below, this has made stocks the main game in town- for MANY years. Watch out! If the economy really does slow down and the ratio of GDP to debt gets more skewed out of whack, we really could be in trouble quick.
It’s going to be a delicate tightrope walk to raise revenues (taxes) enough to bring this equation back into a reasonable balance without throwing the economy into recession,
Interest payments on the national debt don’t have much wiggle room in the event of some sort of credit crunch or loss of faith in the “full faith and credit” of the US Treasury to make good on its obligations- no matter what that entails.
We’re skating on thin ice, and have been doing so for a long time.
It’s not an impossible situation to navigate, but violently opposing geopolitical factors make it extremely precarious moving forward.
Just my 2 cents.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
I don't think you understand what "privilege" means in the modern sociological context.. There are entire books written about "privilege" in the context of social identity and intersectionality. As an educator - that's my job, not sure how that makes it self-proclaimed - I have attended seminars on it and read books on it. Attacking my understanding of a social movement really undermines your credibility.
https://guides.rider.edu/privilege#:~:text="Privilege" refers to certain social advantages, benefits, or,virtue of belonging to certain social identity groups.
https://video.search.yahoo.com/search/video?fr=mcafee&ei=UTF-8&p=what+does+"privilege"+mean&type=E211US1490G0#id=0&vid=0629160c086d9e6da424c0c172b37240&action=click
I remember paying .29 a gallon for gas.
What do you mean by "to much paper and ink out there for silver to go higher then $50.00 a oz."? Too much paper and ink is what drives the price up.
And just exactly what is "transitory inflation" as compared to regular inflation?
I think he's referring to paper silver not paper money. Far more silver and other commodities are traded as paper assets than actual physical assets.
The world is getting too confusing for me.
It is decidedly complex. And it changes much more rapidly than it did 50 years ago. It is the nature of the technological revolution.
Bitcoin is the new silver, and gold.
I ve been saying this for a year now, the crypto scene has taking the umph out of precious metals. The older folks like me an older have always gravitated to silver and gold as a hedge against inflation/uncertainty. And we definitely have some challenging times ahead, but many of the millennials and younger generation are fixating on Crypto, now in the past few months, numerous commercials during the world series, NFL games, hockey games and adds with super stars like tom brady and such promoting it, its only going to get more folks looking into accumulating.
I cant tell you the number of 40 and younger local folks who used to buy silver and gold, have cashed out and into crypto now.
Industrial demand on silver has never been greater then it is today and that demand is set to skyrocket.
With climbing oil prices, silver is getting more expense to mine.
Gold offers dollar insurance, but silver is both a commodity and real money.
The precious metal cartel have been suppressing silver and gold prices with paper shorting for many many years.
The Fed, central banks, Wall Street and the government does not want people to pile into PM's, it will destroy their fake currency and their power. They have a vested interest in keeping prices suppressed.
I watch many on-line dealers inventory and I'm see huge demand for silver. Many are running out of certain products they had large inventories of just weeks earlier.
No one can be sure when a silver shortage will occur, but occur it will.
The question is, what will the government do when that happens?
Commodities have increased due to demand. The Chinese protein demand is exceptionally high stemming from a need to rebuild their pig stock after being wiped out a few years back. Russia has added a huge export tariff to wheat. Biodiesel mandates driven by a massive increase in edible oils. Hedge funds just rolled over major currency gains into grains as a portfolio reallocation. The annual $600B exploration and development investment by oil and gas producers has been $325B for the last three years though with OPEC adding capacity we will be in surplus in early 2022 at current pace.
Point is, it isn’t just the concept of inflation… there are specific supply and demand drivers that you have to understand to determine what is structural vs what is transitory. Net, we will likely be seeing inflation at or above the 3% compounded mark for a few years to come. Hopefully growth in wages and the economy keeps up or we are in trouble.
Latin American Collection
OK what do you do to ward off insanity? 😛
So you are saying that I am privileged because I am a white straight male?
That would be the majority of the forum you are calling privileged.
How would he even know that you’re a straight white male? He didn’t until you volunteered it. You’re reading WAAAAAY too much into this EOC.
He constantly calls me privileged, which I am not except to be married to a beautiful wife.
He has no idea what he is talking about as always.
Why does the guy in the meme look like Tucker Carlson?
Edited: It actually looks like a much younger picture of him.
Fact is the price of silver and gold is papered over, that is to say trades are not settled in actual metal delivery. There's more paper trades out there than; thar is Silver er Gold Son!
Listen closely, read and study;"when they want it, sell it, when they don't want it, buy it.
Rare Coins and Precious Metals are about as rare as the money chasing them. aka NOT!
The TV keeps begging me to buy gold.......... lol
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Privilege is not just about race or gender. It is far more complex.
I said you were demonstrating privilege because of your complete lack of empathy for people struggling with the inflation you continue to deny exists. You keep harping on iPhones and working from home as though your reality is everyone's.
Watch the news. 😱
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
Because I say inflation isn't real because of productivity gains, I am called privileged and another member called me dumb.
I have way more empathy than most on this forum.
I have the business channel on all day in the background. I have heard about inflation for 8 months now every day. Now it's on all the news networks and every one is pushing it. Everyone, I mean just about everyone is saying there is inflation. I do not follow the crowd and think for myself.
I love going against the grain. It does not make me privileged.
I work for a company that produces food. Aside from a yearly two week maintenance shutdown, the factory runs 24/7/365, and workers can't run it from their homes. There are many other facilities like ours all over the country (not to mention the businesses we depend on in order to keep ours running) and if the people who leave their homes to go to them to do their jobs stayed home, other people (like some on this thread) would be eating their pets in no time at all.
This is a forum dedicated to people who spend thousands on shiny baubles. Everyone here has some level of privilege. Some of us even recognize it.
Saying you have empathy isn't the same as actually having empathy. You still haven't acknowledged that the inflation exists much less that the inflation in food and fuel costs are causing real pain for people.
In the Northeast, where I live, heating costs this winter are expected to be at least 25% higher than last year. Gasoline costs are 30% or more higher. The cost of milk is 25% higher than last year. Don't you think that affects families with children? Commuters? Truckers?
Families need to pay those costs NOW. They can't wait for the longer term trend of technological deflation to feed their children.
That's my last word on the subject. Feel free to call me ignorant again.
We've had crazy productivity gains for a while now. The problem is the gains tend to go to those at the top rather than those at the bottom. The share of the wealth generated from the gains in productivity is completely askew, and I think what jm is saying is that your ability to capture those gains as opposed to the typical average person's inability to do so is a large part of your privilege, on a fundamental level. You are somewhat detached from the reality of the working class at this point, and I do not mean that as an insult in any way, shape or form to you as a person or the hard work and diligence you put in to get to where you are. That's the dream for most people... But the reality is that once we attain that position, we are privileged by our detachment from the reality that the working class face.
"It's like God, Family, Country, except Sticker, Plastic, Coin."