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With gas double what it was last year...
MadMarty
Posts: 16,697 ✭✭✭
Will it cut into you coin budget? Sellers, do you see people spending less on coins now that it costs $80 to fill the tank up?
It is not exactly cheating, I prefer to consider it creative problem solving!!!
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Some thoughts from an earlier thread.
- Marcus Tullius Cicero, 106-43 BC
I'm in the middle of doing some work to my granny's house in order to sell it. 2 house payments don't leave much coin money.
Now if gas is 3.00+ come December, I will not be driving to Baltimore.
This is my primary source of travel and has been for a few years if I don't have any kids to pick up or drop off anywhere. I"ll be breaking out the rain gear to wear now. I'd ride it to Balt. but it would get stuck in the tread of a semi tire.
Ok, so who's started "coasting" more in their car.... Anyone actually doing the speed limit now?
No way the gasoline prices make a difference in my coin purchases.
it won't take long for the effects to trickle down to nearly each and everything we eat/use/buy.
I don't know if this is a good or bad thing but it's just about time for us to begin contract talks this fall. We also just got hosed by our school system....they used scare tactics and got a darn 1 percent INCOME tax passed in addition to their operating Levy!!!!!!!!!!!!!!!!!!
<< <i>Will it cut into you coin budget? Sellers, do you see people spending less on coins now that it costs $80 to fill the tank up? >>
Dang, how big is your tank? Costs me about 40.
12 gal at 3.399 a gal = 40.79
how long it lasts 3 days or 75 miles.
finding out the gas station is selling that same gas for 1.879 by mistake ( the difference between a ms 61 gold coin and a ms 62 gold coin . = priceless.
Last fill up was 29.02 MPG and i drive 22 miles a day
4 dollar gas aint gonna keep me from buying coins or filet mignon when i want to !
Proof
FrederickCoinClub
<< <i>Now any car that gets over 30 MPG here is no longer on sale. They are selling over sticker! I can imagine the hit I would take trading in the gas guzzling SUV! >>
If people had done this earlier like I did we likely wouldn't be in this mess as deep as we are now. I will still probly be going to St. Louis. I'm planning to go to Wyoming in Oct but if gas is too high I just might eat the cost of the hunting license.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
I'm glad I work out of the house and my wife works in town. She hardly puts any miles on the minivan. We've had it for almost 4 years and it only has 25,000 miles on it.
I don't see it affecting the coin budget so much. I might not drive to a local show as I typically don't buy much there anyway. If others do the same, local shows could be hurt hard.
<< <i>More people may be buying on ebay or online rather than traveling to shows and shops. >>
People probably won't stop going to shows altogether but go to fewer of them and spend less money
in the process. This could really hurt the big shows that schedule several times a year such
as Long Beach and Baltimore that draw from a wide geographic area.
I want to go the MSNS show this November but who knows? I'll make that decision when the time
is closer.
<< <i>My car is a subway car. Still only $2. My other is a Taxi. Guess those guy's coin budgets will be dropping. >>
Or, the cost of both of those services will be increasing dramatically as well. What exactly do you think your taxi cab driver puts into his gas tank?
PCGS, ANACS, & NGC Certified Coins on My Website.
Coins however are not the big question. The bigger question is what will these rapidly rising prices of everything (including oil) tend to do to the typical American family. It is not a promising future for the average American famiy who are now grossly underpaid and fantastically debt-ridden. With the new, awful, outrageous and draconian bankruptcy laws coming into effect in October, I fear that the typical debt plagued American family is doomed to a lifetime of high-tech indentured servitude to the banking industry. This is one of the ugliest power grabs by corporate interests in the history of this Nation: the power grab now accomplished by the oil industry and the large banking industry. How sad.. How pathetic that it has stooped this low. matteproof
<< <i>What exactly do you think your taxi cab driver puts into his gas tank? >>
To that point... we've already been hit with surcharges related to gas increases. Our trash removal and bottled water delivery costs were raised.
<< <i>I've already commented extensively on numerous threads that touched on this subject. Briefly, I said that prices in EVERYTHING including oil were not only rising but rising RAPIDLY. A discussion ensued of whether or not this was hyper-inflationary or deflationary. I lean toward the hyper-inflationary theory. Whether or not it will affect coin purchasing habits remains to be seen. For me, I don't intend to stop buying good deals and will likely seek them out with even greater intensity going forward.
Coins however are not the big question. The bigger question is what will these rapidly rising prices of everything (including oil) tend to do to the typical American family. It is not a promising future for the average American famiy who are now grossly underpaid and fantastically debt-ridden. With the new, awful, outrageous and draconian bankruptcy laws coming into effect in October, I fear that the typical debt plagued American family is doomed to a lifetime of high-tech indentured servitude to the banking industry. This is one of the ugliest power grabs by corporate interests in the history of this Nation: the power grab now accomplished by the oil industry and the large banking industry. How sad.. How pathetic that it has stooped this low. matteproof >>
It may very well come to this.
Thankfully I have zero credit card debt, the house and car is paid for and my sons college education is
covered by a trust fund set up by my dad.
My parents who lived through the great depression of the 1930s always told me to avoid getting into
debt if at all possible. I'm glad I took that advice.
I think I'm in good financial condition but never take anything like this for granted.
<< <i>I drive by one gas station on the way to/from work. Between yesterday morning and evening, it increased 10 cents/gal. >>
Last night my dad calls me and says that some gas stations in GA were charging $5.50 per gallon. Some folks in the open forum found this to be an inaccurate figure. This morning on one of the cable TV stations I witnessed the changing of the price signs to $5.79 for regular and $6.04 for super.
PCGS, ANACS, & NGC Certified Coins on My Website.
<< <i>... My parents who lived through the great depression of the 1930s always told me to avoid getting into
debt if at all possible. I'm glad I took that advice.
I think I'm in good financial condition but never take anything like this for granted. >>
Hi Michigan. Your parents were very wise and you certainly seemed to have captured the wisdom genetic from them . In all of my years, I have never seen such a frightening time for the typical American family. Unfortunately, they have been on a vicious "upwardly mobile" debt-laden shopping spree that could very well be their undoing. Sadly, this brainwash was foisted upon the typical American family by the Banking industry. Homeowners have been sold a bill of goods to "cash out" (so called) of their homes: a vile play on words concocted by the moneychangers of banking that leads the unknowing into this idea that they are getting "Free" cash from their house when in fact they are only going deeper into debt. There is no free cash...
The banking industry - wise like serpents that they are - have heaped this debt burden and weight on the shoulders of the American family by seducing them with tricky words, a promise of easy money (loans), and enticements of "better things" (i.e. vacation money NOW, new car money NOW, etc). When the banking elite saw that trouble could be looming, they pushed for the most sweeping, outrageous, heavy-handed, UN-American new bankruptcy laws that literally make it nearly impossible for a truly broke man to find his way out with a clean slate. So groteseque are the new bankruptcy laws, that they do not even permit a "medical bankrupt" (a person who has lost everything due to an illness and not having adequate health insurance coverage) to escape the bankers new disgusting flavor of slavery and indentured servitude. The Immancipation Proclamation has been thrown out of the window in the year 2005 with a less visible ball and chain around the necks of the typical American family.
With economic catastrophe from a debt plagued community looming, RAPIDILY rising prices on everything from gasoline to apples, along with the sad, heartbreaking catastrophes that nature seems to be heaping upon upon the world alot lately (like the sorrowful New Orleans situation), I fear that the future for ALL will be tainted with sorrow even if not utter ruin. I've never seen anything like what I've seen going on in the world lately. Truly, could all of this be a taste of the days of sorrows written about by the LORD Himself? Sorry to sound like such a bummer. matteproof
I believe that we are up to nearly 1981 adjusted prices?
That is going to kill the exurbia real estate market like it did in 1981.
Ron Howard, the director was a genius in directing that movie and Crowe was no sluch either. It is NOT all that much strictly about boxing.
A bonus for all the coin collectors. You need to see how PROMINENT the old US coins were in the movie, especially that Peace Dollar!!
Now with the rapid increase in fuel and soon other related cost (food) I have to take a hard look. As fast as prices are going up I feel I cannot wait to long to make cutbacks and changes.
I live close to work but still the increase in fuel has made other things out of reach. I own my home (pay the bank) Was just able to buy a new car. They say the nat. gas has increase 100% and will rise even more with winter coming. I have to look at all this.
Sure I have things I don't need...
Cable TV
Cell Phone
High speed internet
These will be the first to go. But if it is between food and coins, I think you can guess what will win.
Just thinking (writing) out loud
In Laurel
MD
Just a fist full of Dollars
Cell phone? Don't many people use them to save on long distance phone calls? Iffy as well?
Food and water. Never.
But eating out might take a BIG hit.
Coins will win over my eating out.
<< <i>Will it cut into you coin budget? Sellers, do you see people spending less on coins now that it costs $80 to fill the tank up? >>
Only takes me half that
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP
<< <i>In 1981, I had to pay $1.30 for regular gas. Then in 1986 it dropped to $.57 a gallon. Now it is up to $3.25.
I believe that we are up to nearly 1981 adjusted prices?
That is going to kill the exurbia real estate market like it did in 1981. >>
Hi Oreville. If Real Estate prices fall - and they certainly look like they are on shaky legs right now - then it will be devastating to the typical American family because their debt burden (as a result of so-called "cash outs," refinances and debt centered "zero down" deals) will be greater - perhaps much greater than the value of the asset that is laden with the debt (the house). Now here is the big yet to be realized demon in it all: with the new bankruptcy laws in place this coming October, it will be virtually impossible for such over indebted persons to get a clean slate as they could have done in the past. The debt, even in bankruptcy, survives until the bankers are made whole even if the underlying asset was already sold off!! The bankers profit from the lending side (when they wrote the loans) and they will profit from the failure side (because Mr. and Mrs. Front Porch America won't be able to escape the debt: it stays on them FOREVER). Shameful! The bankers should weep in their lobster tails and Dom Perignon for this debt tragedy that they have created and foisted upon society. How do they and their oil cohorts sleep at night? Soundly I'm sure!
In the past oil crisis (1970's), homeowners, American families, and even the Nation's debt to equity ratios were compartively small. Today they are MASSIVE. On the "social side" of this whole mess, I feel that back then, dad went to work and Mom raised the children at home - instilling solid values into those kids while Dad toiled to make ends meet. The lure for "material things" was not nearly as pronounced under that former healthy social setting. It is the "working moms" who lust far greater for upward mobility then did the stay at home moms. But that social status climbing has been paid for with DEBT, not savings as it was largely in the past, and herein lies the crisis that could potentially unfold right before our very eyes. Socially speaking, back then, children had a sense of balance with Mom at home, which today they are seeking by artificial means what mom used to provide by natural means. Incredibly, today psychiatrists have discovered all new medical disorders in children that never even existed until about twenty years ago - around the same time that "moms" abandoned their children in exchange for their careers. I believe that this is what "Mom-less" homes have wrought, and all for the lure of money and the lust for "things" NOW rather than saving for them later. Is the timing in all of this just merely coincidence? matteproof
<< <i>It will hurt my coin budget. As a true hobbie collector (small beans to some) coin collecting was something I was able to do because I got ahead a bit. I was able to save money and enjoy some collecting.
Now with the rapid increase in fuel and soon other related cost (food) I have to take a hard look. As fast as prices are going up I feel I cannot wait to long to make cutbacks and changes.
I live close to work but still the increase in fuel has made other things out of reach. I own my home (pay the bank) Was just able to buy a new car. They say the nat. gas has increase 100% and will rise even more with winter coming. I have to look at all this.
Sure I have things I don't need...
Cable TV
Cell Phone
High speed internet
These will be the first to go. But if it is between food and coins, I think you can guess what will win.
Just thinking (writing) out loud >>
Hi dollars. Terrific thoughts. Here's the problem though, it will require cutting LOTS of costs to pay for the basic costs of oil, food and health care - and cutting those costs won't be enough economically even if it will be a psychic victory.
For example, cutting out high speed cable will save you, what, 30-40 bucks per month? Why bother? It's too small. One months internet cable bill does not even pay for one full tank of gas!
Today, I paid $3.59 for a gallon of gas at a station that charged me $2.79 only three days ago. Bicycling is a true option for local runs. Our Nation should immediately seek alternate sources of power. I like the idea of solar powered" cars which technology is already in place and just needs tweeking. Energy should be free. GOD gave us the Sun and it costs nothing to use. Why do we insist on continuing this love affair with dinosaur remains? matteproof
San Diego, CA
Cars are my life. I am a retired auto tech and now I teach other to do the same at a trade school. I agree that the otto cycle engine is long overdue for a change.
Pure electric is the way to go. If they could just get the range that we expect 250 to 300 miles on a charge and then a way to recharge at near the rate of a current fill up at the fuel station. An electric motor will give better torque from 0 rpm to as fast at it will run. You would not be able to keep the tires on the ground....
As far as the 40 a month savings......
I may need it for food, home heating, other supplies, as well as fuel.
In Laurel
MD
Just a fist full of Dollars
<< <i>I was going to drive to St. Louis in Nov. Depending on the price of gas, I may have to pass on that show. When it costs $150-$200 to drive to a show, plus the hotel and food. Pass! Guess just the local shows and maybe one biggie. The gas station manager was saying don't be surprised to $4 per gallon NEXT WEEK! >>
Well, with the price of gas going into outer space, I have decided to seriously scale back some shows - in fact, I will not be setting at any show in Illinois until 11/6 in Champaign-Urbana (which is also where the Illinois Numismatic Association (ILNA) will have its fall meeting). And speaking of ILNA, I will be there on 9/10 and 9/11, and will be at the front door (waiting for Marty and the Rubber Chicken)!
Now, I have to agree with everyone - the cost of gassing the car (or in my case, the mini-van) is getting very painful. My theory is that this is an attempt to basically destroy the American middle class, and with the way things are going, it may become fact.
<< <i>Will it cut into you coin budget? Sellers, do you see people spending less on coins now that it costs $80 to fill the tank up? >>
Marty, the current gas prices will hurt the wallet of prospective coin buyers like Curly from the Three Stooges getting a clamp on his head - super tight and very painful!!!!!
The main reason why I like solar powered is because it is essentially “free.” There is no need to pull up to a gas station, or “power station” to charge an electric car. With electric “fill up” stations, there will be some corporate interest that will commoditize it and as result will cost us just as much or maybe more than now. Even if it were less expensive, it is still not as cheap or self-sufficient as solar as I understand it.
Here’s a question/thought. I have heard that there is an annual race that is conducted where the cars/vehicles are entirely powered by Solar Energy. I’m not sure what this race is called, but I do recall reading an article about it not too long ago. I was impressed that these cars could be so powerful, all from being charged by the sun’s energy at no cost. Have you heard about this technology and/or this semi-famous race? If so, do you think solar engines are a worthwhile alternative? Thank dollars. I appreciate your thoughts. matteproof
Jim
<< <i>Here’s a question/thought. I have heard that there is an annual race that is conducted where the cars/vehicles are entirely powered by Solar Energy. I’m not sure what this race is called, but I do recall reading an article about it not too long ago. I was impressed that these cars could be so powerful, all from being charged by the sun’s energy at no cost. Have you heard about this technology and/or this semi-famous race? If so, do you think solar engines are a worthwhile alternative? >>
Completely impractical at todays state of the technology. Those cars will carry one person for maybe one to two hundred miles in a days time (with a support crew in gasolinr powered vehicles traveling with it.) They only run when the sun is up and the sky isn't cloudy. They can't run if the winds are over 20 to 30 MPH. And most of the vehicles still aren't able to finish the race. Sorry Solar isn't the answer.
A better solution would be hydrogen fuel cell technology. This is technology that is working today (they have been used to power the on board systems our manned spacecraft since the 1960's) Naysayers like to complain that a new infrastructure would be required for the distribution of hydrogen. (but since gas stations are already everywhere I don't know just how difficult that would really be.) The real problem is in the generation of the hydrogen. To split it off from water requires more power than the fuel cell generates. So most work lately has been with cells that strip hydrogen off of a hydrocarbon fuel. This works but I see three problems, one they never mention what you do with the sludge leftover after th hydrogens been stripped. Two, contaminants in the fuel can easily poisen the catalysts in the fuel cell destroying it and requiring it's replacement. (Think, get a bad tank of gas and you have to replace your engine.) And three, what they want to use for the fuel is, believe it or not, natural gas or gasoline.
Am driving less, combining trips, etc. Thinking twice before running to the store for a single item but it won't really affect my coin spending.
Also, less likely to drive to a marginal show for the entertainment factor, that's for sure. Gas prices will affect cheaper coins more than rare coins. Should give a boost to internet traffic - shipping looks cheap now in comparison.
<< <i>Here’s a question/thought. I have heard that there is an annual race that is conducted where the cars/vehicles are entirely powered by Solar Energy. I’m not sure what this race is called, but I do recall reading an article about it not too long ago. I was impressed that these cars could be so powerful, all from being charged by the sun’s energy at no cost. Have you heard about this technology and/or this semi-famous race? If so, do you think solar engines are a worthwhile alternative? Thank dollars. I appreciate your thoughts. matteproof >>
I just heard about that yesterday! It's called the American Solar Challenge. Turns out the son of one of my friends is involved with the event.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
jim