@ErrorsOnCoins reminded me of this with his 2x4 comment. I was in Home Depot the other day buying building supplies.
You can tell when inflation is through the roof, when shoplifting is through the roof! You can tell shoplifting is through the roof, when stores are forced to buy these!
"The gap between fiat currency values and that of legal money, which is gold, has widened so that dollars retain only 2% of their pre-1970s value, and for sterling it is as little as 1%. Yet it is commonly averred that currency is money, and gold is irrelevant."
The result of inflation. Small percentages of inflation over the years are like boiling a frog. Hint: the frog dies.
Is it correct to assume that the chart is a summary of 2022?
It appears to me that the strongest currency has been gold, while the dollar remains the world's reserve currency (with some question of China, India, Brazil, S.Africa, and Russia comparative data - they do seem to be forming their own alliances that don't include Western countries, or Western banking, I assume.
The world seems as divided as anything I've seen since I was a kid.
So the European natgas market has stabilized in price. Now consider the chart in derryb's link, and tell me that an annual 18.7% inflation rate doesn't overwhelm the 9.8% price rise in natgas? That's a net inflation for energy of about 8.9% loss of purchasing power per dollar, i.e. eurodollars vs. petrodollars (an American subsidiary of something I suppose.)
What affected oats so strongly?
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Is it correct to assume that the chart is a summary of 2022?
It appears to me that the strongest currency has been gold, while the dollar remains the world's reserve currency (with some question of China, India, Brazil, S.Africa, and Russia comparative data - they do seem to be forming their own alliances that don't include Western countries, or Western banking, I assume.
The world seems as divided as anything I've seen since I was a kid.
So the European natgas market has stabilized in price. Now consider the chart in derryb's link, and tell me that an annual 18.7% inflation rate doesn't overwhelm the 9.8% price rise in natgas? That's a net inflation for energy of about 8.9% loss of purchasing power per dollar, i.e. eurodollars vs. petrodollars (an American subsidiary of something I suppose.)
What affected oats so strongly?
Good question. Here is my best guess looking at the data. Oat prices more than doubled from 4th qtr. 2021 to mid-year 2022 The first runup was oat milk craze hype, then prices held up because as Russia and Ukraine were major producers and fear of no shipments. Then shipments resumed, and people did not really buy as much oat milk as the speculators envisioned, so prices fell back to where they were. Speculative bubble burst, like so many other things the past couple years.
Major drought in many of the oat growing regions during 2021 led to low stock and one of the reasons for the big spike seen mid 2022. As pointed out by @Goldminers demand and the war were also factors. Overplanting at the start of 2022 ultimately resulted in the glut that brought prices back to where they are now.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So the European natgas market has stabilized in price. Now consider the chart in derryb's link, and tell me that an annual 18.7% inflation rate doesn't overwhelm the 9.8% price rise in natgas? That's a net inflation for energy of about 8.9% loss of purchasing power per dollar
****My mistake****
****Correction****
I meant to say that the 18.7% inflation rate easily overwhelms the 9.8% price DECREASE in natgas.
Q: Are You Printing Money? Bernanke: Not Literally
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Goldminers said:
Platinum could be a big winner in 2023 as far as precious metals go. Supply, even at the COMEX, is quite limited.
Platinum was obviously the PM winner of 2022. But I agree, it will also be the PM winner in 2023. Note the Pd/Pt ratio coming down. Manufacturers are gradually switching over to Pt in auto catalyst. If a formally declared recession takes place this year, Pt will fall a little, but if not, the price has plenty of room to run though not likely to make new highs any time soon. Can be a good alternative to gold and silver to hold some critical minerals when there is a reasonable market (say 10% or less buy/sell spread). Yes, I said it... gold and silver are not critical minerals, at least not in the view of the US.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You are comparing a summertime price during an economic halt to a wintertime price during a war. That's a great example of misinformation and preying on the ignorant.
The proper example is to compare this current months price to the same month over the last 5 years. You will find the price is about double, yes higher, but a true picture.
The narrative you provided is great bait for the ignorant. Let's educate folk rather than coddle their ignorance. We have enough of that these days
@jmski52 said:
When major undersea gas pipelines get blown up, I wouldn't consider a price spike in natgas to be fear mongering.
Dutch natural gas prices rose and peaked at end of August at about 350. The pipeline was destroyed at end of Sept. Prices had already dropped to about 200 by then. The day of the pipeline explosion prices jumped about 20% to 240, but were trading back below 200 within 3 days. Current price is about 69.
Yes, you bought into the fear mongering and still spread the false narrative.
Yes, you bought into the fear mongering and still spread the false narrative.
Did the false narrative include all the Europeans who couldn't afford natgas lining up in trucks to go harvest wood for heating this winter because prices were up 7X? Tell me that those videos and reports weren't real.
Was it just another psyop? It wouldn't be the first one in recent history.
Who do YOU think was behind it? If it was just another psyop, somebody made money on it, that's without a doubt.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Yes, you bought into the fear mongering and still spread the false narrative.
Did the false narrative include all the Europeans who couldn't afford natgas lining up in trucks to go harvest wood for heating this winter because prices were up 7X? Tell me that those videos and reports weren't real.
Was it just another psyop? It wouldn't be the first one in recent history.
Who do YOU think was behind it? If it was just another psyop, somebody made money on it, that's without a doubt.
Those reports were real...because of the fear mongering. They were scared..and unnecessarily so. If folk would just stop being scared of everything. "They" control through fear. Create a narrative such as "millions will freeze to death this winter", and you have just gained control of those millions, and millions more. And "they" create, many, many of these narratives.
We need to stop participating in their control. We need to stop being their pawns. And we do this through knowledge and the spreading of facts, not misinformation.
Are you asking who blew up the pipeline? That answer is pretty simple, Russia. And the fact that prices dropped precipitously afterward shows another in a long list of failed operations.
Those reports were real...because of the fear mongering. They were scared..and unnecessarily so. If folk would just stop being scared of everything. "They" control through fear. Create a narrative such as "millions will freeze to death this winter", and you have just gained control of those millions, and millions more. And "they" create, many, many of these narratives.
We need to stop participating in their control. We need to stop being their pawns. And we do this through knowledge and the spreading of facts, not misinformation.
Are you asking who blew up the pipeline? That answer is pretty simple, Russia. And the fact that prices dropped precipitously afterward shows another in a long list of failed operations.
Your post saved for posterity.
You really think that Putin blew up one of his most significant sources of revenue?
Next, you'll be telling us that the clot shot is "safe & effective".
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Those reports were real...because of the fear mongering. They were scared..and unnecessarily so. If folk would just stop being scared of everything. "They" control through fear. Create a narrative such as "millions will freeze to death this winter", and you have just gained control of those millions, and millions more. And "they" create, many, many of these narratives.
We need to stop participating in their control. We need to stop being their pawns. And we do this through knowledge and the spreading of facts, not misinformation.
Are you asking who blew up the pipeline? That answer is pretty simple, Russia. And the fact that prices dropped precipitously afterward shows another in a long list of failed operations.
Your post saved for posterity.
You really think that Putin blew up one of his most significant sources of revenue?
Next, you'll be telling us that the clot shot is "safe & effective".
And the earth is flat, the moon landing is fake, JFK Jr is still alive, Jim Carey is really in the White House and Jewish lasers started wild fires in CA.
If you look back over the past three years (especially in the context of COVID and Ukraine), any objective observer would need to conclude the following: the global economy (and the US economy in particular) is extraordinarily resilient.
Are we facing unprecedented risks? Probably. But, I would urge people to listen to advice that @cohodk has given multiple times over the years: travel; get out into the world; talk to people; engage. My experience is that the reality is always different, and always more nuanced, than what I've read in advance.
You might want to listen to an interview with Ed Dowd if you think the clot shot is safe & effective. If you don't know who Ed Dowd is, you might want to switch off the CNBC & Fox Business.
the earth is flat, the moon landing is fake, JFK Jr is still alive, Jim Carey is really in the White House and Jewish lasers started wild fires in CA.
May I quote you on this, coho? Just checking.
Q: Are You Printing Money? Bernanke: Not Literally
@Higashiyama said:
If you look back over the past three years (especially in the context of COVID and Ukraine), any objective observer would need to conclude the following: the global economy (and the US economy in particular) is extraordinarily resilient.
if this were true then trillions in global bailouts would not have been necessary. What is resilient is the continuous distribution of taxpayer dollars to prop up markets and economies. Less dollars were given out in 2008 and most observers called the global economy at that time as far from resilient.
Are we facing unprecedented risks? Probably.
Global soverien and corporate debt are a great risk whose results we will continue to face. Currencies will have be devalued (a masked default) to resolve this problem. Increases in personal debt since 2008 are another risk whose results have many at the edge of a cliff. Convince them their economy is extraordinarily resilient.
But, I would urge people to listen to advice that @cohodk has given multiple times over the years: travel; get out into the world; talk to people; engage. My experience is that the reality is always different, and always more nuanced, than what I've read in advance.
I don't believe any here need to be advised on how to enjoy life. They come here for reliable advice concerning precious metals. Many seek suggestions on why/how precious metals figure into their being financially prepared. Your hero comes here for other reasons.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I would urge people to listen to advice that @cohodk has given multiple times over the years: travel; get out into the world; talk to people; engage.
I really hope that you don't think otherwise about the people on this forum. Seriously, it sounds condescending and I'm reasonably sure that you didn't mean it that way.
Q: Are You Printing Money? Bernanke: Not Literally
Some folks need to seriously join a political group to unleash their frustrations.
What it comes down to is that some folks just can't control their emotions. They get so agitated then come to a forum that was designed for collectors to discuss their hobby only to unleash all of their inner instabilities - creating a less-than-ideal environment for those that just wish to discuss their hobby.
There is a time and place for everything - welcome to the internet.
This forum IS NOT for politics, it is NOT for your opinion on a vaccine, and it is NOT a place to tear down your fellow collectors.
Some folks are too lazy to use a search engine and find a political group to vent and as a result, they keep bringing these types of subjects in to our collectors forum. It is OK to have a difference in opinion on these issues, it is NOT ok to voice these opinions here. Go find another place to do it. Going forward, this laziness will be met with harsher warnings and zero tolerance. This laziness is adding to the divisiveness that most of our members stand against. Please take it elsewhere.
Comments
@ErrorsOnCoins reminded me of this with his 2x4 comment. I was in Home Depot the other day buying building supplies.
You can tell when inflation is through the roof, when shoplifting is through the roof! You can tell shoplifting is through the roof, when stores are forced to buy these!
https://www.google.com/search?client=firefox-b-1-d&q=locking+devices+on+shopping+carts#fpstate=ive&vld=cid:aa694839,vid:e7KzPQrzY-c
https://www.google.com/search?client=firefox-b-1-d&q=locking+devices+on+shopping+carts#fpstate=ive&vld=cid:40c04383,vid:PWZOeM5jdjg
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
How much do postage stamps cost these days?
How about the Mint's price structure.
These are two reasonably good indicators of current and future inflation.
I knew it would happen.
Maybe time to go gigging?
Knowledge is the enemy of fear
Dutch natural gas prices. Remember all the fear mongering of a few months ago...
Knowledge is the enemy of fear
Looks like OJ was the big winner. Merry New Year! RGDS!!!
The whole worlds off its rocker, buy Gold™.
Platinum could be a big winner in 2023 as far as precious metals go. Supply, even at the COMEX, is quite limited.
My US Mint Commemorative Medal Set
Time to long long the Nasdaq 100
Is it correct to assume that the chart is a summary of 2022?
It appears to me that the strongest currency has been gold, while the dollar remains the world's reserve currency (with some question of China, India, Brazil, S.Africa, and Russia comparative data - they do seem to be forming their own alliances that don't include Western countries, or Western banking, I assume.
The world seems as divided as anything I've seen since I was a kid.
So the European natgas market has stabilized in price. Now consider the chart in derryb's link, and tell me that an annual 18.7% inflation rate doesn't overwhelm the 9.8% price rise in natgas? That's a net inflation for energy of about 8.9% loss of purchasing power per dollar, i.e. eurodollars vs. petrodollars (an American subsidiary of something I suppose.)
What affected oats so strongly?
I knew it would happen.
Good question. Here is my best guess looking at the data. Oat prices more than doubled from 4th qtr. 2021 to mid-year 2022 The first runup was oat milk craze hype, then prices held up because as Russia and Ukraine were major producers and fear of no shipments. Then shipments resumed, and people did not really buy as much oat milk as the speculators envisioned, so prices fell back to where they were. Speculative bubble burst, like so many other things the past couple years.
My US Mint Commemorative Medal Set
Major drought in many of the oat growing regions during 2021 led to low stock and one of the reasons for the big spike seen mid 2022. As pointed out by @Goldminers demand and the war were also factors. Overplanting at the start of 2022 ultimately resulted in the glut that brought prices back to where they are now.
The whole worlds off its rocker, buy Gold™.
2022 Inflation
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So the European natgas market has stabilized in price. Now consider the chart in derryb's link, and tell me that an annual 18.7% inflation rate doesn't overwhelm the 9.8% price rise in natgas? That's a net inflation for energy of about 8.9% loss of purchasing power per dollar
****My mistake****
****Correction****
I meant to say that the 18.7% inflation rate easily overwhelms the 9.8% price DECREASE in natgas.
I knew it would happen.
why personal debt will explode in 2023:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Looks like all the government give a-ways have been used up. I do see more jobs being filled now also... but still lots of openings...
Platinum was obviously the PM winner of 2022. But I agree, it will also be the PM winner in 2023. Note the Pd/Pt ratio coming down. Manufacturers are gradually switching over to Pt in auto catalyst. If a formally declared recession takes place this year, Pt will fall a little, but if not, the price has plenty of room to run though not likely to make new highs any time soon. Can be a good alternative to gold and silver to hold some critical minerals when there is a reasonable market (say 10% or less buy/sell spread). Yes, I said it... gold and silver are not critical minerals, at least not in the view of the US.
Traded down to 63 today. Down 22% in 2 weeks. Deceased feline?
Knowledge is the enemy of fear
Nov. 2022 natural gas prices in euroland were 17.5 times higher than 30 months earlier.
A mild winter?
What inflation? LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You are comparing a summertime price during an economic halt to a wintertime price during a war. That's a great example of misinformation and preying on the ignorant.
The proper example is to compare this current months price to the same month over the last 5 years. You will find the price is about double, yes higher, but a true picture.
The narrative you provided is great bait for the ignorant. Let's educate folk rather than coddle their ignorance. We have enough of that these days
Knowledge is the enemy of fear
It's how the gutter peddlers roll. RGDS!
The whole worlds off its rocker, buy Gold™.
When major undersea gas pipelines get blown up, I wouldn't consider a price spike in natgas to be fear mongering.
I knew it would happen.
Dutch natural gas prices rose and peaked at end of August at about 350. The pipeline was destroyed at end of Sept. Prices had already dropped to about 200 by then. The day of the pipeline explosion prices jumped about 20% to 240, but were trading back below 200 within 3 days. Current price is about 69.
Yes, you bought into the fear mongering and still spread the false narrative.
Knowledge is the enemy of fear
Yes, you bought into the fear mongering and still spread the false narrative.
Did the false narrative include all the Europeans who couldn't afford natgas lining up in trucks to go harvest wood for heating this winter because prices were up 7X? Tell me that those videos and reports weren't real.
Was it just another psyop? It wouldn't be the first one in recent history.
Who do YOU think was behind it? If it was just another psyop, somebody made money on it, that's without a doubt.
I knew it would happen.
Those reports were real...because of the fear mongering. They were scared..and unnecessarily so. If folk would just stop being scared of everything. "They" control through fear. Create a narrative such as "millions will freeze to death this winter", and you have just gained control of those millions, and millions more. And "they" create, many, many of these narratives.
We need to stop participating in their control. We need to stop being their pawns. And we do this through knowledge and the spreading of facts, not misinformation.
Are you asking who blew up the pipeline? That answer is pretty simple, Russia. And the fact that prices dropped precipitously afterward shows another in a long list of failed operations.
Knowledge is the enemy of fear
Those reports were real...because of the fear mongering. They were scared..and unnecessarily so. If folk would just stop being scared of everything. "They" control through fear. Create a narrative such as "millions will freeze to death this winter", and you have just gained control of those millions, and millions more. And "they" create, many, many of these narratives.
We need to stop participating in their control. We need to stop being their pawns. And we do this through knowledge and the spreading of facts, not misinformation.
Are you asking who blew up the pipeline? That answer is pretty simple, Russia. And the fact that prices dropped precipitously afterward shows another in a long list of failed operations.
Your post saved for posterity.
You really think that Putin blew up one of his most significant sources of revenue?
Next, you'll be telling us that the clot shot is "safe & effective".
I knew it would happen.
And the earth is flat, the moon landing is fake, JFK Jr is still alive, Jim Carey is really in the White House and Jewish lasers started wild fires in CA.
Knowledge is the enemy of fear
This place gets stranger by the day. Crazy world. RGDS!
The whole worlds off its rocker, buy Gold™.
If you look back over the past three years (especially in the context of COVID and Ukraine), any objective observer would need to conclude the following: the global economy (and the US economy in particular) is extraordinarily resilient.
Are we facing unprecedented risks? Probably. But, I would urge people to listen to advice that @cohodk has given multiple times over the years: travel; get out into the world; talk to people; engage. My experience is that the reality is always different, and always more nuanced, than what I've read in advance.
You might want to listen to an interview with Ed Dowd if you think the clot shot is safe & effective. If you don't know who Ed Dowd is, you might want to switch off the CNBC & Fox Business.
the earth is flat, the moon landing is fake, JFK Jr is still alive, Jim Carey is really in the White House and Jewish lasers started wild fires in CA.
May I quote you on this, coho? Just checking.
I knew it would happen.
if this were true then trillions in global bailouts would not have been necessary. What is resilient is the continuous distribution of taxpayer dollars to prop up markets and economies. Less dollars were given out in 2008 and most observers called the global economy at that time as far from resilient.
Global soverien and corporate debt are a great risk whose results we will continue to face. Currencies will have be devalued (a masked default) to resolve this problem. Increases in personal debt since 2008 are another risk whose results have many at the edge of a cliff. Convince them their economy is extraordinarily resilient.
I don't believe any here need to be advised on how to enjoy life. They come here for reliable advice concerning precious metals. Many seek suggestions on why/how precious metals figure into their being financially prepared. Your hero comes here for other reasons.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I would urge people to listen to advice that @cohodk has given multiple times over the years: travel; get out into the world; talk to people; engage.
I really hope that you don't think otherwise about the people on this forum. Seriously, it sounds condescending and I'm reasonably sure that you didn't mean it that way.
I knew it would happen.
Some folks need to seriously join a political group to unleash their frustrations.
What it comes down to is that some folks just can't control their emotions. They get so agitated then come to a forum that was designed for collectors to discuss their hobby only to unleash all of their inner instabilities - creating a less-than-ideal environment for those that just wish to discuss their hobby.
There is a time and place for everything - welcome to the internet.
This forum IS NOT for politics, it is NOT for your opinion on a vaccine, and it is NOT a place to tear down your fellow collectors.
Some folks are too lazy to use a search engine and find a political group to vent and as a result, they keep bringing these types of subjects in to our collectors forum. It is OK to have a difference in opinion on these issues, it is NOT ok to voice these opinions here. Go find another place to do it. Going forward, this laziness will be met with harsher warnings and zero tolerance. This laziness is adding to the divisiveness that most of our members stand against. Please take it elsewhere.