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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Silver at 35$ Gold nears 1800$ Dollar Dead, Hyperinflation coming
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Poster Handle
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Lady Jane Smith |
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Post Content
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Not this shit again...
Silver was pushing $50 and gold got up to $1900-ishr last year and guess what? No "hyperinflation" (or really any inflation at all, for that matter).
I bet there are idiots on here right now that piled in at those highs. Man, their faces must sure be red.
The jump in metals is emotional reaction to the latest round of monetary easing, which did not produce hyperinflation in the past and will not produce it now.
In a couple of years, when this has all blown over we'll see silver down in the low 20s and gold maybe $1500 if we're lucky. Good thing I paid less than those figures for my small stash...
Quoting: Anonymous Coward 1283316 You must not shop for groceries. OBTW, most of us Silvertards loaded up early and have a cost basis in the low teens. Actually I DO shop for groceries and the prices on the majority of items are not up appreciably from this time last year. Any increases can be accounted for by other factors such as drought, which is a seasonal thing and not related to monetary policy. Provide concrete examples, with proof of grocery price inflation, because I'm just not seeing it. Then again, I'm not poor and don't live hand to mouth either so maybe that's got something to do with it. Coffee prices where I live are up about 15%; Toilet paper over the past two years has nearly doubled; Various oils, especially olive, are up anywhere from 20%-50%, etc. You have a Canadian flag. You may not have noticed this inflation because the Canadian dollar has increased in value vis a vis the US dollar. You will notice in the above mentioned examples, most of the items are imported. TP, although not imported, is a bulky item, and costs a good deal more per unit to transport as the price of fuel increases. Fuel price increases are in part due to the weakening dollar & also have impacts not only on the purchase price of, but the price of fuel needed for transportation. I am glad you are so wealthy that prices do not matter to you. I have the good fortune to be well off as well. However, I am self made & very much remember the days of having to count every dime -- literally. Remember, there are many people living that tightly now, so a 20% price increase, especially on a staple matters.
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