Our local daily newspaper has gone up to $340.00+ a year. Circ. around 40-50K. We canceled it. Last week went to McDonalds to get 2 apple pies. 2 years ago were 2/$1. Last Dec. 2/$1.20. Last week 2/$1.82. In asking why the price jump? Was told due to the hike in the min. wage. Other price rises coming due to the min. wage hike? Well, someone has to pay for it.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
CAC went up to $14.50 for submissions value under 10K! Getting ahead of the big inflation surge?
CAC Price Increase effective February 1st
Dear CAC Collector,
We are writing to inform you that beginning February 1, 2018, a modest price increase will go into effect. Collector members will continue to only pay for coins that sticker. The new tier pricing per coin will be as follows:
Submission Tier Insured Value
Regular - $14.50 Up to $10,000
High Value - $29.00 Over $10,000
Re-Sticker - $3.00 Original Cert Number Only
Regular Walk-Through - $16.00 – on site Up to $10,000
High Value Walk-Through - $32.00 – on site Over $10,000
Please note, our “walk-through” service requires an appointment and gives our members the option to physically bring their coins to CAC for grading with same day turnaround.
Please use your current submission forms until depleted. New forms will be available shortly. You may call to request additional forms as needed. In order to expedite the processing of your submissions, please continue to put same tiered coins on separate submission forms. If you have any questions, please do not hesitate to contact us.
Look for trade wars to ramp up price inflation. Tariffs on imported goods increase their price and reduce competition in the US marketplace. They allow US manufacturers to increase their prices to US consumers.
"Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the International Monetary Fund predicted on Monday."
But we're safe, for now.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@cohodk said:
Venezuela stock market up 73,000%. Not too shabby.
not shabby at all. best hyperinflation in modern history. Consumer prices there have risen 46,305 percent this year alone.
just goes to show you that the ever increasing green ticker on the bottom of your TV screen is not always a good thing and that printing more money will not solve the problem.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@cohodk said:
Hard to see what's wrong with having more money, especially when your money stack grows faster than consumer prices.
Would a Venezuelan have been better off with money in gold or the stock market over the last year?
Gold, by a long shot with returns 15.91 times better than the stock market
His one year stock market gains would have seen an increase of 73,579%:
While his gold gains would have seen an increase of 1,170,828%:
One of the big reasons bolivars went to the stock market at all is because the demand for gold created a physical shortage in Venezuela. Their stock market then became the second choice to keep up with the hyperinflation.
Once again, gold shows its status as a protection of wealth and a great insurance policy against a failing currency.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Here is my take: If fifty years ago you made 4K a year and now make only 55K you did not put effort into upward mobility. I Know mean girls right. But it is true. When your young your salary is much lower and as you gain experience and skills it should go up. I would not buy a corvette unless it constituted only 10-15% all in of my annual income. Do the math decide for yourself.
@Kkathyl said:
Here is my take: If fifty years ago you made 4K a year and now make only 55K you did not put effort into upward mobility. I Know mean girls right. But it is true. When your young your salary is much lower and as you gain experience and skills it should go up. I would not buy a corvette unless it constituted only 10-15% all in of my annual income. Do the math decide for yourself.
One must include wage growth (wage inflation) in the formula.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Looks like your numbers are mostly correct derryb...there's a first for everything. Whhoohoo. Lol. Good job.
We'll have to disagree with the reason why their stock market is higher...not the second choice. To prove this you'll only need to compare the price if a house (or other asset) year over year.
So, are the folks in Venezuela who own gold now rich?
All we have to do now is wait for the US to become Venezuela?
When you realize that ALL assets increase during hyperinflation, you may finally see the value of your insurance. I'm sure you've read stories of a loaf of bread costing 1 on Monday and 10 on Wednesday. Right? So didn't the bread go up in value 10x? What's the difference if gold went from 1 to 10? Same thing. That bread proved to be good insurance!!
Venezuela’s socialist president Nicolas Maduro announced recently that the country plans to rein in hyperinflation by lopping off five zeroes from its currency. That oughta fix things, at least until tomorrow.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Beer prices on a unrelenting climb. Have you guys seen the prices for ATF fluid lately? I work on my 5 cars and many auto/truck related fluids has probably doubled in 5-10 years. My bank still pays 0.01% for savings rate.
@Pokermandude said:
Another sign of inflation to look for is portion/package sizes. Companies will often trim a few grams or an ounce off the portions you buy, while maintaining the same price.
Today's Mars bar is 51 grams, compared to 62.5 grams in 2007; price remains the same
Shrinkflation... 99 cent store 5-6 years ago 10 single pack snickers mini etc. $.99 , 3-4 years ago 8 single pack snickers minietc. $.99 , present 6 single pack snickers mini etc. $.1.59
Pretty much everything I purchase seems to be up sharply. Gooberment keeps telling me inflation is nonexistent. They are either scumbag liars or don't live in the world I live. Unemployment officially lower but most new jobs are at mcdonalds and Walmart, wages still stagnant at the skilled level. Stock market bubble keeps expanding. All must be well. Carry on sheep. lol
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@Kkathyl said:
Here is my take: If fifty years ago you made 4K a year and now make only 55K you did not put effort into upward mobility. I Know mean girls right. But it is true. When your young your salary is much lower and as you gain experience and skills it should go up. I would not buy a corvette unless it constituted only 10-15% all in of my annual income. Do the math decide for yourself.
except wrong , you would not buy a corvette because its a chevy and chevy sucks
@Pokermandude said:
Another sign of inflation to look for is portion/package sizes. Companies will often trim a few grams or an ounce off the portions you buy, while maintaining the same price.
Today's Mars bar is 51 grams, compared to 62.5 grams in 2007; price remains the same
Shrinkflation... 99 cent store 5-6 years ago 10 single pack snickers mini etc. $.99 , 3-4 years ago 8 single pack snickers minietc. $.99 , present 6 single pack snickers mini etc. $.1.59
Comments
Organic cashew nuts jumped from $8 to $11 a pound at Natural grocers. That more than offsets the savings on the foot long.
Is oil headed for $70 this winter? $3/gallon gasoline again this spring?
Up $20/barrel in 6 months (45%), it's starting to look like an equity market chart!
Mnuchin is ok with a weaker dollar. Probably a good time to buy a little bullion.
https://reuters.com/article/us-global-forex/dollar-skids-to-three-year-low-as-mnuchin-welcomes-currency-weakness-idUSKBN1FC02M?il=0
I knew it would happen.
Exactly as was expected and discussed on this board 18 months ago. Anyone know how the equity markets usually respond to a weaker dollar?
VanHalen....winter is over.
Knowledge is the enemy of fear
Anyone know how the price of imports responds to a weaker dollar?
Good thing the US produces most of what it consumes.
Let's see. . . Wall St. benefits, consumers don't. Wonder who the munchican is looking after?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
https://www.visualcapitalist.com/decade-grocery-prices/
Looks like sign's of a good economy as meat prices are higher. Americans living well.
Knowledge is the enemy of fear
If mericans bought productive assets instead of non-productive ones, they could easily cover higher import prices.
Knowledge is the enemy of fear
Our local daily newspaper has gone up to $340.00+ a year. Circ. around 40-50K. We canceled it. Last week went to McDonalds to get 2 apple pies. 2 years ago were 2/$1. Last Dec. 2/$1.20. Last week 2/$1.82. In asking why the price jump? Was told due to the hike in the min. wage. Other price rises coming due to the min. wage hike? Well, someone has to pay for it.
CAC went up to $14.50 for submissions value under 10K! Getting ahead of the big inflation surge?
CAC Price Increase effective February 1st
Dear CAC Collector,
We are writing to inform you that beginning February 1, 2018, a modest price increase will go into effect. Collector members will continue to only pay for coins that sticker. The new tier pricing per coin will be as follows:
Submission Tier Insured Value
Regular - $14.50 Up to $10,000
High Value - $29.00 Over $10,000
Re-Sticker - $3.00 Original Cert Number Only
Regular Walk-Through - $16.00 – on site Up to $10,000
High Value Walk-Through - $32.00 – on site Over $10,000
Please note, our “walk-through” service requires an appointment and gives our members the option to physically bring their coins to CAC for grading with same day turnaround.
Please use your current submission forms until depleted. New forms will be available shortly. You may call to request additional forms as needed. In order to expedite the processing of your submissions, please continue to put same tiered coins on separate submission forms. If you have any questions, please do not hesitate to contact us.
Sincerely,
CAC
Here's a warning parable for coin collectors...
Dpoole..I didn't think that you had any under $10k coins.
Yeah, well they're under $10K now.
Here's a warning parable for coin collectors...
sure looks like it
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
live lobster is $8 a pound...that is down $2 a pound
I think that's what I paid in 1997.
Knowledge is the enemy of fear
Look for trade wars to ramp up price inflation. Tariffs on imported goods increase their price and reduce competition in the US marketplace. They allow US manufacturers to increase their prices to US consumers.
Tariff tracker
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Tell me what the new dental crown costs when you chip your tooth on the shell.
I prefer to eat the flesh....but if you like the shell, more power to ya.
Knowledge is the enemy of fear
I am disposed to drawn butter.
The CPI average (1981-2018) is down to 2.8% annually. The tally is the same over for May '17/May '18 yoy.
If you'd like a laugh you can plug your own numbers in here: CPI-inflation-calculator
Venezuela's Inflation to Reach 1 Million Percent, IMF Forecasts
"Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the International Monetary Fund predicted on Monday."
But we're safe, for now.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Venezuela stock market up 73,000%. Not too shabby.
Knowledge is the enemy of fear
not shabby at all. best hyperinflation in modern history. Consumer prices there have risen 46,305 percent this year alone.
just goes to show you that the ever increasing green ticker on the bottom of your TV screen is not always a good thing and that printing more money will not solve the problem.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Hard to see what's wrong with having more money, especially when your money stack grows faster than consumer prices.
Would a Venezuelan have been better off with money in gold or the stock market over the last year?
Knowledge is the enemy of fear
Gold, by a long shot with returns 15.91 times better than the stock market
His one year stock market gains would have seen an increase of 73,579%:
While his gold gains would have seen an increase of 1,170,828%:
One of the big reasons bolivars went to the stock market at all is because the demand for gold created a physical shortage in Venezuela. Their stock market then became the second choice to keep up with the hyperinflation.
Once again, gold shows its status as a protection of wealth and a great insurance policy against a failing currency.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Here is my take: If fifty years ago you made 4K a year and now make only 55K you did not put effort into upward mobility. I Know mean girls right. But it is true. When your young your salary is much lower and as you gain experience and skills it should go up. I would not buy a corvette unless it constituted only 10-15% all in of my annual income. Do the math decide for yourself.
Best place to buy !
Bronze Associate member
One must include wage growth (wage inflation) in the formula.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
meanwhile....lobster has gone back up to $9 a pound
For 25% of America that holds true and works well. For the other 75% of the country not so much.
When the wealthy drive the bus it's not going to change until the last ounce of the USD has been squeezed dry.
Lobsters 4.99/pound here in Massachusetts
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Looks like your numbers are mostly correct derryb...there's a first for everything. Whhoohoo. Lol. Good job.
We'll have to disagree with the reason why their stock market is higher...not the second choice. To prove this you'll only need to compare the price if a house (or other asset) year over year.
So, are the folks in Venezuela who own gold now rich?
All we have to do now is wait for the US to become Venezuela?
When you realize that ALL assets increase during hyperinflation, you may finally see the value of your insurance. I'm sure you've read stories of a loaf of bread costing 1 on Monday and 10 on Wednesday. Right? So didn't the bread go up in value 10x? What's the difference if gold went from 1 to 10? Same thing. That bread proved to be good insurance!!
Knowledge is the enemy of fear
You don't have to eat the gold to realize it's value. Bread isn't that good for storing value.
I knew it would happen.
Does gold fill your belly?
How about we change bread for a can of beans. Thats stores pretty well, no?
Knowledge is the enemy of fear
The only store of value in a can of beans is the gas that builds up in your gut.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Venezuela’s socialist president Nicolas Maduro announced recently that the country plans to rein in hyperinflation by lopping off five zeroes from its currency. That oughta fix things, at least until tomorrow.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Maduro recently claimed (again) that the U.S. tried to assassinate him, this time with a drone.
The U.S. would have to stand in a long line with a lot of Venezuelans if they were really trying to do that.
Here's a warning parable for coin collectors...
Beer prices on a unrelenting climb. Have you guys seen the prices for ATF fluid lately? I work on my 5 cars and many auto/truck related fluids has probably doubled in 5-10 years. My bank still pays 0.01% for savings rate.
100% Positive BST transactions
Alpo's cheap at Winco.
My bank still pays 0.01% for savings rate.
They want you to get mad at that low rate and get a home loan from them.
Inflation?
https://www.charlotteobserver.com/news/business/banking/article229010709.html
Knowledge is the enemy of fear
Shrinkflation... 99 cent store 5-6 years ago 10 single pack snickers mini etc. $.99 , 3-4 years ago 8 single pack snickers minietc. $.99 , present 6 single pack snickers mini etc. $.1.59
So true.
Breyers ice cream is my go to. Haagen Das is not a pint any longer
Pretty much everything I purchase seems to be up sharply. Gooberment keeps telling me inflation is nonexistent. They are either scumbag liars or don't live in the world I live. Unemployment officially lower but most new jobs are at mcdonalds and Walmart, wages still stagnant at the skilled level. Stock market bubble keeps expanding. All must be well. Carry on sheep. lol
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Min wage increases abound.
https://www.usatoday.com/story/money/business/2019/04/04/target-raises-minimum-wage-walmart-still-lower/3363052002/
Knowledge is the enemy of fear
except wrong , you would not buy a corvette because its a chevy and chevy sucks
but it says NEW IMPROVED !!! right on the wrapper
OP was banned forever ago but somedays it feels like he still haunts the forum
Paid $4.19 a gallon of gas in Caliunicornia, Before the refinery caught fire.
100% Positive BST transactions
You mean Commiefornia?
That's the same price it was 5 years ago.
Knowledge is the enemy of fear
http://www.thepeoplehistory.com/pricebasket.html
Looks quite flat since this thread was started.
Knowledge is the enemy of fear