So let's follow your fake news---everyone is unemployed and not making more money, how does this boost silver price?
The free market price of gold went UP during the Great Depression. The price of silver began rising in 1934, just after the worst of the Great Depression.
During the hyperinflation of Weimar Germany the unemployment rate was reportedly as low as 0.9% in 1922.
So let's follow your fake news---everyone is unemployed and not making more money, how does this boost silver price?
The free market price of gold went UP during the Great Depression. The price of silver began rising in 1934, just after the worst of the Great Depression.
During the hyperinflation of Weimar Germany the unemployment rate was reportedly as low as 0.9% in 1922.
So you're comparing the price of gold when it was fixed internationally by every govt and the Weimar Republic to today?
So let's follow your fake news---everyone is unemployed and not making more money, how does this boost silver price?
The free market price of gold went UP during the Great Depression. The price of silver began rising in 1934, just after the worst of the Great Depression.
During the hyperinflation of Weimar Germany the unemployment rate was reportedly as low as 0.9% in 1922.
So you're comparing the price of gold when it was fixed internationally by every govt and the Weimar Republic to today?
You have my condolences.
.
You keep touting how great the economy is, how strong it is, and that it is a great thing that the unemployment rate is so low.
Be careful what you wish for.
I was pointing out that during the Weimar hyper-inflation, the unemployment rate was as low as 0.9%.
So very low unemployment is not necessarily a good thing, or a good sign.
During the Great Depression, governments attempted to maintain an official currency peg to gold. But due to the massive cheating on the gold standard from 1913-1929, the price was getting away from them (the official price and the free-market price diverged).
Like I said. We ain't Weimar and we ain't on a gold standard.
So why you keep trying to compare then to now?
I haven't touted how great the economy is, just refuting the doom and gloom opinion many present as fact.
And I agree, very low unemployment means companies are having to dig into the dumpster for workers and needing to overpay them. We need at least a little of your doom and gloom to come to fruition, but it ain't happening.
And I agree, very low unemployment means companies are having to dig into the dumpster for workers and needing to overpay them. We need at least a little of your doom and gloom to come to fruition, but it ain't happening.
Governor here in FL signed a bill tightening up on illegal immigrants and those who hire them. Homebuilding workforce drying up. Maybe now contractors will have to pay for quality labor. I'm building a house in a new, large development. You would not believe the number of unskilled workers, which include what appeared to be spouses of the other workers, that were wiring and plumbing the houses. Fortunately I'm a certified building inspector and am able to stay on top of construction of my home. Now seeing about 25% of the earlier number of workers throughout the development. House completions are being moved out.
Natural forces of supply and demand are the best regulators on earth.
Like I said. We ain't Weimar and we ain't on a gold standard.
So why you keep trying to compare then to now?
I haven't touted how great the economy is, just refuting the doom and gloom opinion many present as fact.
And I agree, very low unemployment means companies are having to dig into the dumpster for workers and needing to overpay them. We need at least a little of your doom and gloom to come to fruition, but it ain't happening.
@cohodk said:
Yup. More people working and wages higher. Horrible. (sarcastic).
The ever-increasing socialism in the United states spells doom, or at least failure.
While our current inflation problem is nowhere near as severe as Weimar Germany, there are some parallels.
Very low unemployment, and yet, most goods were/are still manufactured outside the country.
Did not those parallels of 20th century Britain set the stage for its current economic socialism (done) and possibly another Weimer? Is not the US following Britain's path to economic socialism? Is the economic history of Zimbabwe or Venezuela similar to that of pre Weimer and 20th century economic Britain.
Natural forces of supply and demand are the best regulators on earth.
@derryb asked “Did not those parallels of 20th century Britain set the stage for its current economic socialism (done) and possibly another Weimer?”
In absence of a war or other catastrophic event, I don’t think that European style social democracy inevitably leads to hyperinflation. I absolutely would teach Hayek in any intro economics class, and agree we should reflect on the possibility that we the people will vote ourselves benefits that are way beyond the ability of the state of provide. We’ve already basically done that, but I think the pendulum will swing back.
And I agree, very low unemployment means companies are having to dig into the dumpster for workers and needing to overpay them. We need at least a little of your doom and gloom to come to fruition, but it ain't happening.
Governor here in FL signed a bill tightening up on illegal immigrants and those who hire them. Homebuilding workforce drying up. Maybe now contractors will have to pay for quality labor. I'm building a house in a new, large development. You would not believe the number of unskilled workers, which include what appeared to be spouses of the other workers, that were wiring and plumbing the houses. Fortunately I'm a certified building inspector and am able to stay on top of construction of my home. Now seeing about 25% of the earlier number of workers throughout the development. House completions are being moved out.
Who needs wiring and plumbing in a doomsday gutter bunker? Lulz!
@jmski52 said:
Silver UP 3.6% today. OTOH, 3.6% is nothing.
Verily...especially considering its the same price as Sept 24, 1980. Remember 1980, back when CPI used to be computed correctly? A makeup wearing boy band named KISS was popular---how woke was that???!!! Johnny came back with his axe and the Empire had had enough.
@jmski52 said:
Silver UP 3.6% today. OTOH, 3.6% is nothing.
Verily...especially considering its the same price as Sept 24, 1980. Remember 1980, back when CPI used to be computed correctly? A makeup wearing boy band named KISS was popular---how woke was that???!!! Johnny came back with his axe and the Empire had had enough.
@cohodk said:
Thanks for confirming its the same price as in 1980.
Your right.....i should have just said it's same price (inflation adjusted) as in 1900.
Haha
@dcarr said:
Thanks for confirming that the price of silver keeps up with (and is a hedge against) inflation, since 1900.
You almost had a breakthrough in realizing that the price of silver generally keeps up with inflation.
But even though you wrote exactly that, it seems you are still having difficulty comprehending what you wrote.
You almost had a breakthrough in realizing that the price of silver generally keeps up with inflation.
But even though you wrote exactly that, it seems you are still having difficulty comprehending what you wrote.
.
Allone has to do is live 125 years. Keeping up with inflation....what an average ambition.
Lol
That gutter pic is darn near spot on.
And admit it. Your singing "I was made for Loving You".
You almost had a breakthrough in realizing that the price of silver generally keeps up with inflation.
But even though you wrote exactly that, it seems you are still having difficulty comprehending what you wrote.
.
Allone has to do is live 125 years.
Lol
You didn't comment on the gutter pic. Is that because you think Blitz is right?
Your gutter diagram seems like nothing more than an attempt at distraction away from your failure to comprehend what you wrote.
Beyond that, I think the whole "gutter" thing is demeaning and dumb.
@cohodk said:
Keeping up with inflation....what an average ambition.
Silver has never gone bankrupt.
So it is a safe way to maintain purchasing power in the long run.
I'm sure there are numerous commodities that have never gone bankrupt. Although, just like silver or gold, individual entities that deal with the commodity, did go belly up.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@cohodk said:
Keeping up with inflation....what an average ambition.
Silver has never gone bankrupt.
So it is a safe way to maintain purchasing power in the long run.
I'm sure there are numerous commodities that have never gone bankrupt. Although, just like silver or gold, individual entities that deal with the commodity, did go belly up.
Yes, it is not as safe a place to put your money when there is a counter-party involved.
@cohodk said:
Keeping up with inflation....what an average ambition.
Silver has never gone bankrupt.
So it is a safe way to maintain purchasing power in the long run.
Anybody ever lose a silver quarter? If so, then it's gone, you lost it. It's entire value to you evaporated. Diminished. Bankrupt. No counter-party risk and yet its gone.
So here's the chart I was referring to. Now y'all can tell me how great a hedge silver has been against inflation since 1900.
The chart looks to start at around 1915 and $20. Prices above 20 would indicate beating inflation and prices below underperforming. As even dcarr could see, out of the 108 years depicted here, less than 20 years are above $20, the rest are below. So for over 80% of the last 108 years silver has failed as an inflation hedge.
Now let's compare the last 50 years of silver vs, ahem, firewood (lumber)
The inflation adjusted price of silver was 15 and now 25.
The inflation adjusted price of lumber was 150 and now 350.
Silver hasn't even kept pace with firewood.
And trust me, you don't even want to see the chart compared to copper or corn.
So dcarr, make sure you understand what you write.
And BTW--an outdoorsman knows how to use lures and traps. Haha!!
I made quite a lot of money in silver in 1979-1980.
Have I held onto all of that gold & silver and all of those contracts since then?
Nope, but that’s what someone like coho would have you believe because he loves to insinuate that precious metals advocates have tunnel vision, aren’t too bright and don’t pay attention to the markets or don’t know how to manage their own money (because he can do it so much better), which is total BS.
Did I entirely cash out my IRA and SEP funds in 2006-2008 to load up on precious metals then and have I added significantly more to my positions since then? Yes, and I’d do the same thing again right now if I were making that decision all over again.
My position has done better than I had ever hoped, and I didn’t have to depend on inflated stock valuations or bogus economic data to realize the benefits of hard assets. Do precious metals fluctuate in dollar terms? Yes, so what?
Q: Are You Printing Money? Bernanke: Not Literally
And I agree, very low unemployment means companies are having to dig into the dumpster for workers and needing to overpay them. We need at least a little of your doom and gloom to come to fruition, but it ain't happening.
Governor here in FL signed a bill tightening up on illegal immigrants and those who hire them. Homebuilding workforce drying up. Maybe now contractors will have to pay for quality labor. I'm building a house in a new, large development. You would not believe the number of unskilled workers, which include what appeared to be spouses of the other workers, that were wiring and plumbing the houses. Fortunately I'm a certified building inspector and am able to stay on top of construction of my home. Now seeing about 25% of the earlier number of workers throughout the development. House completions are being moved out.
This apparently is a big deal, my next door neighbor was telling me about this, and he's a roofing contractor. He knows alot of other companies that were using undocumented immigrants for labor, and says that things are about to get rough if the contractors have to start paying living wages. Material costs are still through the roof, and iff you add a 30% increase in labor cost, the cost to build will be prohibitive. Even with interest rates the way they are, it may cause upwards pressure on home prices again. What a mess.
@cohodk said:
Keeping up with inflation....what an average ambition.
Silver has never gone bankrupt.
So it is a safe way to maintain purchasing power in the long run.
Anybody ever lose a silver quarter? If so, then it's gone, you lost it. It's entire value to you evaporated. Diminished. Bankrupt. No counter-party risk and yet its gone.
So here's the chart I was referring to. Now y'all can tell me how great a hedge silver has been against inflation since 1900.
The chart looks to start at around 1915 and $20. Prices above 20 would indicate beating inflation and prices below underperforming. As even dcarr could see, out of the 108 years depicted here, less than 20 years are above $20, the rest are below. So for over 80% of the last 108 years silver has failed as an inflation hedge.
Now let's compare the last 50 years of silver vs, ahem, firewood (lumber)
The inflation adjusted price of silver was 15 and now 25.
The inflation adjusted price of lumber was 150 and now 350.
Silver hasn't even kept pace with firewood.
And trust me, you don't even want to see the chart compared to copper or corn.
So dcarr, make sure you understand what you write.
And BTW--an outdoorsman knows how to use lures and traps. Haha!!
.
Thanks for confirming that physical silver does not have counter-party risk.
Any asset can be lost if the owner of it is negligent.
More cherry-picking of data points (your choice of 1900 to base everything off of).
Suppose I choose one ? The price of silver has beaten inflation 100% of the years since 1930.
Lumber isn't exactly on fire (except in Canada), falling from the 2020 peak of $1,600 to $400 now.
.
@cohodk said:
And trust me, you don't even want to see the chart compared to copper or corn.
.
I wouldn't even trust you with a single silver quarter.
.
Now, a real analysis of whether silver has kept up with inflation, from 1900 to today:
Suppose you bought silver in year (x) and held to today.
The only years in which the inflation-adjusted price of silver was higher than today was 1979-1980 and 2011-2013.
So if you bought silver in any of the other 119 years (out of the 124 years since 1900), your price would have kept up with inflation. And for many of those years, the silver price has significantly beaten inflation.
.
@cohodk said:
And BTW--an outdoorsman knows how to use lures and traps. Haha!!
.
You spend a lot of time outside ?
Are you homeless ?
The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 21.7% on a monthly basis in May following the 2.9% decline (revised from +2.2%) recorded in April. This reading surpassed the market expectation for a decline of 0.8% by a wide margin.
In the same period, Building Permits rose 5.2%, compared to analysts' estimate for a 5% contraction.
And he won't believe them when they get revised downward.
Says the guy who himself is having a house built.
LMAO!!
Silver eagle monster boxes, are building my new house I don’t depend on your department of labor statistics, for anything except entertainment and forum banter
Natural forces of supply and demand are the best regulators on earth.
And he won't believe them when they get revised downward.
Says the guy who himself is having a house built.
LMAO!!
Silver eagle monster boxes, are building my new house I don’t depend on your department of labor statistics, for anything except entertainment and forum banter
Lol. 5% interest rates are pumping $1 trillion per year into the economy.
And he won't believe them when they get revised downward.
Says the guy who himself is having a house built.
LMAO!!
Silver eagle monster boxes, are building my new house I don’t depend on your department of labor statistics, for anything except entertainment and forum banter
Lol. 5% interest rates are pumping $1 trillion per year into the economy.
I enjoy your version of reality too!!
4.3% savings rates are pumping $2717 per month into my new house fund, a fund that was established with PM proceeds.
Natural forces of supply and demand are the best regulators on earth.
This shows the correlation of stocks, and to some degree PM's relationship to Fed QE. Note the recent increase is by considering the reverse repos as liquidity the Fed added since the SVB failure. The danger is now the Fed is going back to their QT program and M2 is dropping. Expect stocks and PM's both to decline with less money sloshing around for a while.
Surprising housing new starts is at least partially in response to so few existing homes on market. There are 10s of millions of Americans right now who will not reasonably consider selling because they don't want to trade a 3% mortgage for one at twice the rate. There are buyers out there, probably good numbers of cash buyers, etc. There's also lots of talk of housing shortages which will spur construction, but is there really a shortage? Not exactly because much of the problem is due to mismatch in needs where so many 4+ bedroom homes were being built in the face of declining numbers of persons per household. US housing market construction will slam on the brakes if/whenstudent loan repayment ever restarts. Maybe US will become a little more like Italy, where the young adults continue living at home for an extended peiod. There are around 30 million more bedrooms in US than there are people. Which is astonishing when you consider that some people share bedrooms.
The number of new homes/apartments is growing exponentially to available buyers. Every time a new property is occupied, the old property remains in inventory. Result of this will always be boom/bust housing cycles and the FED will determine when with it's control over the price of a mortgage. Current oversupply and price collapse of retail space is a prime example.
FED is the boom/bust manager for all economic models. It is the money spigot.
Natural forces of supply and demand are the best regulators on earth.
And he won't believe them when they get revised downward.
Says the guy who himself is having a house built.
LMAO!!
Silver eagle monster boxes, are building my new house I don’t depend on your department of labor statistics, for anything except entertainment and forum banter
Lol. 5% interest rates are pumping $1 trillion per year into the economy.
I enjoy your version of reality too!!
4.3% savings rates are pumping $2717 per month into my new house fund, a fund that was established with PM proceeds.
You betcha. And multiply that by millions and millions of folk and you see why the economic doom and gloom boys have their tail between their legs. I think a big retail store is even selling clothes to accommodate them. LOL
@derryb said:
The number of new homes/apartments is growing exponentially to available buyers.
Really? How do you define available.buyer?
Every time a new property is occupied, the old property remains in inventory.
Say what? You think existing Apts just go empty?
Result of this will always be boom/bust housing cycles and the FED will determine when with it's control over the price of a mortgage. Current oversupply and price collapse of retail space is a prime example.
We've been over retailed for decades and yet the economy keeps.on rolling because folk just shop online now.
And he won't believe them when they get revised downward.
Says the guy who himself is having a house built.
LMAO!!
Silver eagle monster boxes, are building my new house I don’t depend on your department of labor statistics, for anything except entertainment and forum banter
Lol. 5% interest rates are pumping $1 trillion per year into the economy.
I enjoy your version of reality too!!
4.3% savings rates are pumping $2717 per month into my new house fund, a fund that was established with PM proceeds.
You betcha. And multiply that by millions and millions of folk and you see why the economic doom and gloom boys have their tail between their legs. I think a big retail store is even selling clothes to accommodate them. LOL
Lest we forget the even more millions and millions of folks seeing the opposite affect of higher interest rates, rates that are the result of the inflation that is financially ruining them. Face it, you will always be correct when you see an economic boom for the few while turning a blind eye to its crippling affect on the many.
Like your charts and carefully selected data points your carefully chosen economic groups are far from day to day reality.
Two sides to every coin. Your problem is you fail to flip it over occasionally to take a hard look at the other side. Show some compassion for those who through no fault of their own take the painful brunt of monetary decisions made to benefit the few. We are all at the mercy of the FED, only a very small majority are able to benefit from it.
Natural forces of supply and demand are the best regulators on earth.
Total US gov debt is up $638B since recent debt ceiling suspension. Since extraordinary measures started back on Jan 19 when limit was hit, the $638B represents the actual deficit over a 5 month period. Extrapolate that over a full year, you get a $1.6T deficit. The average interest rate across all the gov debt is around 2.7% and increasing with short term rates around 5%. Next year, US interest expense as a % of federal gov outlays reaches all time high. Anyone willing to put a positive spin on that?
@derryb said:
Two sides to every coin. Your problem is you fail to flip it over occasionally to take a hard look at the other side. Show some compassion for those who through no fault of their own take the painful brunt of monetary decisions made to benefit the few. We are all at the mercy of the FED, only a very small majority are able to benefit from it.
We all care about the 1% "who though no fault of their own", it's the other 24% that make up the bottom half of the bottom half that engage in behavior that result in bailouts.
Worl harder. Work smarter. Live for tomorrow and not today. Stop buying Chinese crap.
The solution is easy, but we all want bailouts. Savers deserve to get paid now. Millions and millions of us sacrificed. Thank you FED for finally making it right.
Comments
The free market price of gold went UP during the Great Depression. The price of silver began rising in 1934, just after the worst of the Great Depression.
During the hyperinflation of Weimar Germany the unemployment rate was reportedly as low as 0.9% in 1922.
So you're comparing the price of gold when it was fixed internationally by every govt and the Weimar Republic to today?
You have my condolences.
Knowledge is the enemy of fear
.
You keep touting how great the economy is, how strong it is, and that it is a great thing that the unemployment rate is so low.
Be careful what you wish for.
I was pointing out that during the Weimar hyper-inflation, the unemployment rate was as low as 0.9%.
So very low unemployment is not necessarily a good thing, or a good sign.
During the Great Depression, governments attempted to maintain an official currency peg to gold. But due to the massive cheating on the gold standard from 1913-1929, the price was getting away from them (the official price and the free-market price diverged).
.
.
Not any more. I just took the trash out.
.
Like I said. We ain't Weimar and we ain't on a gold standard.
So why you keep trying to compare then to now?
I haven't touted how great the economy is, just refuting the doom and gloom opinion many present as fact.
And I agree, very low unemployment means companies are having to dig into the dumpster for workers and needing to overpay them. We need at least a little of your doom and gloom to come to fruition, but it ain't happening.
Knowledge is the enemy of fear
Governor here in FL signed a bill tightening up on illegal immigrants and those who hire them. Homebuilding workforce drying up. Maybe now contractors will have to pay for quality labor. I'm building a house in a new, large development. You would not believe the number of unskilled workers, which include what appeared to be spouses of the other workers, that were wiring and plumbing the houses. Fortunately I'm a certified building inspector and am able to stay on top of construction of my home. Now seeing about 25% of the earlier number of workers throughout the development. House completions are being moved out.
Natural forces of supply and demand are the best regulators on earth.
The ever-increasing socialism in the United states spells doom, or at least failure.
While our current inflation problem is nowhere near as severe as Weimar Germany, there are some parallels.
Very low unemployment, and yet, most goods were/are still manufactured outside the country.
Parallels to Britain in the 20th century are apt. Weimar is a whole different story.
Did not those parallels of 20th century Britain set the stage for its current economic socialism (done) and possibly another Weimer? Is not the US following Britain's path to economic socialism? Is the economic history of Zimbabwe or Venezuela similar to that of pre Weimer and 20th century economic Britain.
Natural forces of supply and demand are the best regulators on earth.
@derryb asked “Did not those parallels of 20th century Britain set the stage for its current economic socialism (done) and possibly another Weimer?”
In absence of a war or other catastrophic event, I don’t think that European style social democracy inevitably leads to hyperinflation. I absolutely would teach Hayek in any intro economics class, and agree we should reflect on the possibility that we the people will vote ourselves benefits that are way beyond the ability of the state of provide. We’ve already basically done that, but I think the pendulum will swing back.
Who needs wiring and plumbing in a doomsday gutter bunker? Lulz!
The whole worlds off its rocker, buy Gold™.
Those of us that can afford it because WE knew when to buy silver and when to sell it. Funny how you find none of us calling it "gutter" metal. LOL
Natural forces of supply and demand are the best regulators on earth.
Silver UP 3.6% today. OTOH, 3.6% is nothing.
I knew it would happen.
Verily...especially considering its the same price as Sept 24, 1980. Remember 1980, back when CPI used to be computed correctly? A makeup wearing boy band named KISS was popular---how woke was that???!!! Johnny came back with his axe and the Empire had had enough.
Ah, the good old days.
Knowledge is the enemy of fear
.
Cherry-picking your data points, as usual.
Here is all the data points:
.
I guess you're a KISS fan. Lol
Thanks for confirming its the same price as in 1980.
Your right.....i should have just said it's same price (inflation adjusted) as in 1900.
Haha
Knowledge is the enemy of fear
.
Thanks for confirming that the price of silver keeps up with (and is a hedge against) inflation, since 1900.
.
I can see the similarities. Haha
Knowledge is the enemy of fear
.
You almost had a breakthrough in realizing that the price of silver generally keeps up with inflation.
But even though you wrote exactly that, it seems you are still having difficulty comprehending what you wrote.
.
Allone has to do is live 125 years. Keeping up with inflation....what an average ambition.
Lol
That gutter pic is darn near spot on.
And admit it. Your singing "I was made for Loving You".
Knowledge is the enemy of fear
Your gutter diagram seems like nothing more than an attempt at distraction away from your failure to comprehend what you wrote.
Beyond that, I think the whole "gutter" thing is demeaning and dumb.
.
More weirdness, with no bearing on the discussion.
.
Silver has never gone bankrupt.
So it is a safe way to maintain purchasing power in the long run.
I'll take a 1980 $20 bill purchasing power in 1980 vs a $20 bill today. Same price is not same value, and that is where this argument gets convoluted.
Commodity value vs dollar...all things normal... silver should be up.
I'm sure there are numerous commodities that have never gone bankrupt. Although, just like silver or gold, individual entities that deal with the commodity, did go belly up.
Yes, it is not as safe a place to put your money when there is a counter-party involved.
Anybody ever lose a silver quarter? If so, then it's gone, you lost it. It's entire value to you evaporated. Diminished. Bankrupt. No counter-party risk and yet its gone.
So here's the chart I was referring to. Now y'all can tell me how great a hedge silver has been against inflation since 1900.
The chart looks to start at around 1915 and $20. Prices above 20 would indicate beating inflation and prices below underperforming. As even dcarr could see, out of the 108 years depicted here, less than 20 years are above $20, the rest are below. So for over 80% of the last 108 years silver has failed as an inflation hedge.
Now let's compare the last 50 years of silver vs, ahem, firewood (lumber)
The inflation adjusted price of silver was 15 and now 25.
The inflation adjusted price of lumber was 150 and now 350.
Silver hasn't even kept pace with firewood.
And trust me, you don't even want to see the chart compared to copper or corn.
So dcarr, make sure you understand what you write.
And BTW--an outdoorsman knows how to use lures and traps. Haha!!
Knowledge is the enemy of fear
I made quite a lot of money in silver in 1979-1980.
Have I held onto all of that gold & silver and all of those contracts since then?
Nope, but that’s what someone like coho would have you believe because he loves to insinuate that precious metals advocates have tunnel vision, aren’t too bright and don’t pay attention to the markets or don’t know how to manage their own money (because he can do it so much better), which is total BS.
Did I entirely cash out my IRA and SEP funds in 2006-2008 to load up on precious metals then and have I added significantly more to my positions since then? Yes, and I’d do the same thing again right now if I were making that decision all over again.
My position has done better than I had ever hoped, and I didn’t have to depend on inflated stock valuations or bogus economic data to realize the benefits of hard assets. Do precious metals fluctuate in dollar terms? Yes, so what?
I knew it would happen.
This apparently is a big deal, my next door neighbor was telling me about this, and he's a roofing contractor. He knows alot of other companies that were using undocumented immigrants for labor, and says that things are about to get rough if the contractors have to start paying living wages. Material costs are still through the roof, and iff you add a 30% increase in labor cost, the cost to build will be prohibitive. Even with interest rates the way they are, it may cause upwards pressure on home prices again. What a mess.
Founder- Peak Rarities
Website
Instagram
Facebook
.
Thanks for confirming that physical silver does not have counter-party risk.
Any asset can be lost if the owner of it is negligent.
More cherry-picking of data points (your choice of 1900 to base everything off of).
Suppose I choose one ? The price of silver has beaten inflation 100% of the years since 1930.
Lumber isn't exactly on fire (except in Canada), falling from the 2020 peak of $1,600 to $400 now.
.
.
I wouldn't even trust you with a single silver quarter.
.
Now, a real analysis of whether silver has kept up with inflation, from 1900 to today:
Suppose you bought silver in year (x) and held to today.
The only years in which the inflation-adjusted price of silver was higher than today was 1979-1980 and 2011-2013.
So if you bought silver in any of the other 119 years (out of the 124 years since 1900), your price would have kept up with inflation. And for many of those years, the silver price has significantly beaten inflation.
.
.
You spend a lot of time outside ?
Are you homeless ?
.
What a weird response and completely unrelated to the topic.
But yes...I am. Can I move in with you?
Knowledge is the enemy of fear
.
It was a response in kind to your comment "lures and traps" that alluded to trolling.
.
.
I'll clear out some space in the dungeon.
.
Don't confuse trolling with encouraging debate.
Hmmm....kings have dungeons.
Knowledge is the enemy of fear
The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 21.7% on a monthly basis in May following the 2.9% decline (revised from +2.2%) recorded in April. This reading surpassed the market expectation for a decline of 0.8% by a wide margin.
In the same period, Building Permits rose 5.2%, compared to analysts' estimate for a 5% contraction.
>
https://www.fxstreet.com/amp/news/us-housing-starts-jump-217-in-may-building-permits-rise-52-202306201236
Just trolling along.
Knowledge is the enemy of fear
And you actually believe them?
I knew it would happen.
And he won't believe them when they get revised downward.
Natural forces of supply and demand are the best regulators on earth.
Sounds like.... Happy days are here again, as the song goes....
Says the guy who himself is having a house built.
LMAO!!
Knowledge is the enemy of fear
Silver eagle monster boxes, are building my new house I don’t depend on your department of labor statistics, for anything except entertainment and forum banter
Natural forces of supply and demand are the best regulators on earth.
Lol. 5% interest rates are pumping $1 trillion per year into the economy.
I enjoy your version of reality too!!
Knowledge is the enemy of fear
4.3% savings rates are pumping $2717 per month into my new house fund, a fund that was established with PM proceeds.
Natural forces of supply and demand are the best regulators on earth.
An 11 Sigma jump in housing starts. Uh huh.
I knew it would happen.
This shows the correlation of stocks, and to some degree PM's relationship to Fed QE. Note the recent increase is by considering the reverse repos as liquidity the Fed added since the SVB failure. The danger is now the Fed is going back to their QT program and M2 is dropping. Expect stocks and PM's both to decline with less money sloshing around for a while.
My US Mint Commemorative Medal Set
Surprising housing new starts is at least partially in response to so few existing homes on market. There are 10s of millions of Americans right now who will not reasonably consider selling because they don't want to trade a 3% mortgage for one at twice the rate. There are buyers out there, probably good numbers of cash buyers, etc. There's also lots of talk of housing shortages which will spur construction, but is there really a shortage? Not exactly because much of the problem is due to mismatch in needs where so many 4+ bedroom homes were being built in the face of declining numbers of persons per household. US housing market construction will slam on the brakes if/whenstudent loan repayment ever restarts. Maybe US will become a little more like Italy, where the young adults continue living at home for an extended peiod. There are around 30 million more bedrooms in US than there are people. Which is astonishing when you consider that some people share bedrooms.
The number of new homes/apartments is growing exponentially to available buyers. Every time a new property is occupied, the old property remains in inventory. Result of this will always be boom/bust housing cycles and the FED will determine when with it's control over the price of a mortgage. Current oversupply and price collapse of retail space is a prime example.
FED is the boom/bust manager for all economic models. It is the money spigot.
Natural forces of supply and demand are the best regulators on earth.
You betcha. And multiply that by millions and millions of folk and you see why the economic doom and gloom boys have their tail between their legs. I think a big retail store is even selling clothes to accommodate them. LOL
Knowledge is the enemy of fear
Really? How do you define available.buyer?
Every time a new property is occupied, the old property remains in inventory.
Say what? You think existing Apts just go empty?
Result of this will always be boom/bust housing cycles and the FED will determine when with it's control over the price of a mortgage. Current oversupply and price collapse of retail space is a prime example.
We've been over retailed for decades and yet the economy keeps.on rolling because folk just shop online now.
Knowledge is the enemy of fear
Lest we forget the even more millions and millions of folks seeing the opposite affect of higher interest rates, rates that are the result of the inflation that is financially ruining them. Face it, you will always be correct when you see an economic boom for the few while turning a blind eye to its crippling affect on the many.
Like your charts and carefully selected data points your carefully chosen economic groups are far from day to day reality.
Two sides to every coin. Your problem is you fail to flip it over occasionally to take a hard look at the other side. Show some compassion for those who through no fault of their own take the painful brunt of monetary decisions made to benefit the few. We are all at the mercy of the FED, only a very small majority are able to benefit from it.
Natural forces of supply and demand are the best regulators on earth.
Total US gov debt is up $638B since recent debt ceiling suspension. Since extraordinary measures started back on Jan 19 when limit was hit, the $638B represents the actual deficit over a 5 month period. Extrapolate that over a full year, you get a $1.6T deficit. The average interest rate across all the gov debt is around 2.7% and increasing with short term rates around 5%. Next year, US interest expense as a % of federal gov outlays reaches all time high. Anyone willing to put a positive spin on that?
Just drove past WalMart. Economy must be doing fine. Lotsa cars there. More there than at the car dealer.
We all care about the 1% "who though no fault of their own", it's the other 24% that make up the bottom half of the bottom half that engage in behavior that result in bailouts.
Worl harder. Work smarter. Live for tomorrow and not today. Stop buying Chinese crap.
The solution is easy, but we all want bailouts. Savers deserve to get paid now. Millions and millions of us sacrificed. Thank you FED for finally making it right.
Knowledge is the enemy of fear