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Commodities (Economy) 

Recent discussions about Commodities (Economy) at the Godlike Productions forum.

In economics, a commodity is the generic term for any marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services.The more specific meaning of the term commodity is applied to goods only. It is used to describe a class of goods for which there is demand, but which is supplied without qualitative differentiation across a market. A commodity has full or partial fungibility; that is, the market treats it as equivalent or nearly so no matter who produces it. "From the taste of wheat it is not possible to tell who produced it, a Russian serf, a French peasant or an English capitalist." Petroleum and copper are examples of such commodities. The price of copper is universal, and fluctuates daily based on global supply and demand. Items such as stereo systems, on the other hand, have many aspects of product differentiation, such as the brand, the user interface, the perceived quality etc. And, the more valuable a stereo is perceived to be, the more it will cost.

Source: Wikipedia

 ThreadPosterRepliesViewsRatingPostedUpdated
I know this might be redundant, but if I buy pennies with my own money, do I own the pennies or copper?ChvyV8Bldr15517
(5)
11/09/14
5:20 PM
12/19/14
10:02 AM
I'm addicted to Faygo Cotton Candy SodaAnonymous Coward12255
(1)
11/18/14
10:19 AM
11/18/14
12:38 PM
Korean Model Disfigured After Injecting Own Face With Cooking Oil
Page 1, 2
Dace564,286
(5)
11/18/14
6:00 AM
11/18/14
12:04 PM
Rosneft's Sechin Travels to Vienna Ahead of OPEC Meeting to debate the plunge in oil prices.Uncle Fuck Stick8620
(5)
11/18/14
2:25 AM
11/18/14
11:16 AM
Gold back over $1200. The fed ponzi scheme can not last much longer...Anonymous Coward19470
(2)
11/18/14
5:47 AM
11/18/14
9:31 AM
Oil of Oregano bathAnonymous Coward191,977
(1)
11/09/05
4:01 PM
11/18/14
1:45 AM
Oil is an unlimited resource and Global Warming is a hoax
Page 1, 2
Paying too much391,172
(15)
11/16/14
2:59 AM
11/17/14
8:06 PM
GOLD MANIPULATION---SCARY AS SHITkarl_gerbschmidt12514
(1)
11/17/14
3:45 PM
11/17/14
5:50 PM
Up fast down slow...the whore of prophecy..oil halved at 75nicolaem2238N/A11/17/14
3:40 PM
11/17/14
3:42 PM
How will you sell your gold?javierruizleon18548
(4)
11/17/14
12:58 PM
11/17/14
2:55 PM
Bitcoin, the most precious commodity….Anonymous Coward11310
(4)
11/12/14
9:24 AM
11/17/14
2:15 PM
Stop buying oil from isisAnonymous Coward9252N/A11/17/14
11:32 AM
11/17/14
1:07 PM
Have you ever thought about why gold is "valuable"?Anonymous Coward29562N/A11/17/14
9:30 AM
11/17/14
1:06 PM
For you gold nutjobs, I have tripled my money in the stock market in six yearsmarty12263
(2)
11/17/14
10:36 AM
11/17/14
12:54 PM
Car question - valves and oil leak
Page 1, 2
Anonymous Coward49936
(2)
11/16/14
7:56 AM
11/17/14
11:03 AM
You do not understand why gold is valuable?? Here read this:thisismyusername0209N/A11/17/14
10:39 AM
11/17/14
10:39 AM
Wanna read some crazy shit? -- BRICS, 9/11, Arab Spring, Gold, Fukushima, WWIII, etc.
Page 1, 2, 3, 4, 5, 6, 7, 8
ScoutsOUT23524,103
(80)
08/07/14
9:51 AM
11/17/14
9:37 AM
The people screaming $1000 silver round the corner are FOOLS!Anonymous Coward7335N/A11/16/14
9:59 PM
11/16/14
10:23 PM
Silver about to skyrocket3
Page 1, 2
Anonymous Coward361,117
(10)
11/16/14
5:56 PM
11/16/14
9:23 PM
SilVER IS REVERSE CARSHING!!!!
Page 1, 2
Anonymous Coward381,289
(11)
11/14/14
10:58 AM
11/16/14
5:39 PM
It is 5am, Kim Kardashian came over and made me coffeeAnonymous Coward4313N/A11/15/14
5:10 AM
11/16/14
3:08 PM
Are fish oils good or bad for you?Tess.28536
(1)
11/16/14
4:16 AM
11/16/14
8:57 AM
Someone is shooting ears of corn through car windshieldsAnonymous Coward8381
(2)
11/16/14
2:17 AM
11/16/14
7:58 AM
Where Does ISIS Get Raw Gold And Coin Minting Ability?Anonymous Coward10370
(1)
11/15/14
8:22 PM
11/16/14
12:46 AM
ISIS GOLD--DEBUNKED!Bodiless3174N/A11/15/14
9:10 PM
11/16/14
12:22 AM
Gas prices are down cause family members are fighting!Ponyboy6213N/A11/15/14
11:26 PM
11/15/14
11:47 PM
Gold Coast Australian East Coast - (Dreams of) Big Tsunami Comming?
Page 1, 2, 3, 4
DISENT916,840
(8)
04/02/11
7:38 AM
11/15/14
10:18 PM
Oil Prices will go through the roof soon....
Page 1, 2
OilMan331,178
(3)
11/14/14
11:22 PM
11/15/14
8:00 PM
I Have Glued over 500 OZ of SILVER to My BodyAnonymous Coward7465
(2)
10/02/14
11:15 AM
11/15/14
7:27 PM
Iran Launches Middle East’s ‘Biggest’ Gold Plant, Plans to Double ProductionAnonymous Coward1165N/A11/15/14
6:19 PM
11/15/14
6:26 PM
ISIS' gold and silver currency just went live!!
Page 1, 2
The_Original_Mind361,369
(7)
11/14/14
12:08 AM
11/15/14
5:54 PM
If USA has over a head debt and Russia has at least reserves 400 billion$ and Gold over 1000 tons what does this say to us?Anonymous Coward24616
(2)
11/15/14
10:18 AM
11/15/14
2:31 PM
Why Have Gas Prices Been So Low Lately = WWIIIAnonymous Coward2549
(1)
11/15/14
3:24 AM
11/15/14
10:47 AM
EQ? Gas Explosion?? Something Just Shook Houses In Indianapolis!
Page 1, 2, 3, 4, 5, 6, 7, ..., 70, 71, 72, 73, 74, 75, 76, 77
scorpio662,288137,219
(79)
11/10/12
11:32 PM
11/14/14
11:57 PM
GLPERS BUY SILVER!!!!Anonymous Coward1130
(1)
11/14/14
11:41 PM
11/14/14
11:43 PM
SILVER and GOLD about to go through the roof! BUY NOWcybertribenetwork5511
(4)
11/14/14
4:21 PM
11/14/14
11:39 PM
War of the economy, Putin stockpiled 55 tons of gold in last three monthsAnonymous Coward20383N/A11/14/14
3:29 PM
11/14/14
9:24 PM
Did Isis just Destroy fiat currency? CNN Headlines new Isis money in GOLD, SILVER, BRONZE
Page 1, 2
centrist77351,596
(8)
11/14/14
2:33 AM
11/14/14
9:05 PM
Should I buy SILVER now or do you think it's going to drop?Anonymous Coward17420N/A11/14/14
5:52 PM
11/14/14
7:45 PM
US purchase oil from ISIS at discount pricesAnonymous Coward1149N/A11/14/14
6:39 PM
11/14/14
6:39 PM
Folks....Colloidal Silver works!Big Richard30824
(9)
11/14/14
2:58 PM
11/14/14
5:23 PM
The End of the USA: Everyone stockpiling gold except the USA. Prepare for pain.Anonymous Coward8318N/A11/13/14
8:30 PM
11/14/14
4:38 PM
If it was Obama's fault that gas prices were high, is it his fault that they are now low?Anonymous Coward12177
(2)
11/14/14
2:36 PM
11/14/14
3:22 PM
Look at GOLD go!!!! Up $31 silver up almost $1Veritas Pateo4184
(2)
11/14/14
1:17 PM
11/14/14
1:28 PM
Constitutional Silver.What money USE to look like! 3 values...FACE...SILV​ER..NUMISTATIC!!!
Page 1, 2, 3, 4
DavidLunar1065,676
(44)
09/14/14
12:31 PM
11/14/14
1:23 PM
SILVER CARSHING AGAIN !! -2.0% so far !!
Page 1, 2
Anonymous Coward391,338
(1)
11/14/14
12:46 AM
11/14/14
11:03 AM
The Tell: Sell gold, brace for tanking oil — and a rocky ride for stocks"LittleOneStar1259N/A11/14/14
10:14 AM
11/14/14
10:31 AM
37 Million Bees Found Dead In Ontario, Canada After Planting Large GMO Corn Field
Page 1, 2
Anonymous Coward31927
(8)
11/07/14
4:51 PM
11/14/14
9:48 AM
Low oil prices favor consumers - and State-owned oil companies - and social stability.Anonymous Coward0142N/A11/14/14
2:36 AM
11/14/14
2:36 AM
Kardashian coffee?Anonymous Coward4150N/A11/13/14
9:11 PM
11/13/14
9:21 PM
Up to 233 billion barrels of oil has been discovered in Australia could be worth trillions of dollars and turn it into the new Saudi ArabiaAnonymous Coward12445
(3)
01/28/13
10:00 AM
11/13/14
8:19 PM
Paper Gold” and Its Effect on the Gold PriceAnonymous Coward6159N/A11/13/14
7:56 PM
11/13/14
8:04 PM
Banks face Silver Fix LawsuitAnonymous Coward11538
(2)
10/05/14
7:28 AM
11/13/14
5:13 PM
The US Government Doesn’t Want You To Know There’s A Run On Silver Bullion
Page 1, 2, 3
Anonymous Coward795,075
(19)
11/09/14
12:50 PM
11/13/14
4:51 PM
Did The Bank Of Japan Quietly Peg The Yen To Gold?Anonymous Coward2287
(1)
11/12/14
9:24 PM
11/13/14
4:46 PM
Crude Oil Tanking! UPDATE IN A FREE FALL 74.29!!!
Page 1, 2, 3, 4, 5, 6, 7
Nautica1819,343
(10)
11/03/14
4:29 PM
11/13/14
4:19 PM
Natural way to combat cancer - flaxseed oilAnonymous Coward0154N/A11/13/14
3:46 PM
11/13/14
3:46 PM
Putin stockpiles gold as Russia prepares for economic warTess.30892
(8)
11/13/14
7:12 AM
11/13/14
11:53 AM
GOLD manipulation thread: UBS "settles"...Swiss People-You gotta vote YES to gold repatriation!Anonymous Coward1280
(1)
11/09/14
4:48 PM
11/12/14
6:34 PM
The game will be changed soon!!! China and Russia will determine gold and silver price back up by real physical gold and silver.Anonymous Coward10457
(1)
11/12/14
5:02 PM
11/12/14
5:54 PM
Russia is laughing all the way to the bank with its VAST gold holdingsAnonymous Coward0143N/A11/12/14
5:48 PM
11/12/14
5:48 PM
If a gold digger has kids with a gold digger, what type of kids do they have??Anon13225
(1)
11/12/14
3:24 PM
11/12/14
4:33 PM
U.S., China agree to curb greenhouse-gas emissionsCopperhead2134
(1)
11/12/14
2:13 PM
11/12/14
2:17 PM
Copper cups and vessels!!! Invest in some and you will see the difference!
Page 1, 2, 3, 4, 5, 6
Anonymous Coward17114,072
(28)
05/23/14
1:27 PM
11/12/14
12:14 PM
OIL CRASHING !!! -4%
Page 1, 2
Anonymous Coward483,721
(7)
11/04/14
1:38 PM
11/12/14
11:21 AM
Banks Manipulating the Markets - Currency and GOLD! Gotcha! Busted! You lose!TripleH1180
(2)
11/12/14
9:12 AM
11/12/14
9:34 AM
Getting ripped-off in BC Canada for gas!!Anonymous Coward8270
(3)
11/12/14
5:19 AM
11/12/14
9:02 AM
Credit card thieves take gas in 'pump and dump' schemeGoofy for God0281
(1)
11/12/14
7:02 AM
11/12/14
7:02 AM
Checkmate! ISIS Announces Plans to Introduce New Gold-Backed Currency!Anonymous Coward14360N/A11/12/14
2:26 AM
11/12/14
3:13 AM
ObamaCare Website/EBT misfunctions are 100% INTENTIONAL.- A SOVIET Style Ploy - e.g. Ukrainian Wheat Farmers - UPDATE P3
Page 1, 2, 3, 4
No Dhimmi924,696
(44)
10/11/13
8:25 AM
11/11/14
9:33 PM
Stupid Wetback, Beaners calling 911 because they can't navigate through a Corn Maze...look how many did...
Page 1, 2
Anonymous Coward341,062
(8)
11/11/14
11:49 AM
11/11/14
8:37 PM
Russia to Build 2 Nuclear Plants in Iran, and Possibly 6 More....(now Iran will have the energy infrastructure to refine its own oil)Uncle Fuck Stick0152
(1)
11/11/14
6:16 PM
11/11/14
6:16 PM
Can these low gas prices be signaling an economic collapse Obama said this when he was debating RomneyID THINKER1191N/A11/11/14
4:03 PM
11/11/14
4:15 PM
Texas Oil Regulator Ignores Voters Request to Ban FrackingBaroness10218
(1)
11/11/14
2:02 PM
11/11/14
4:06 PM
ISIS to bring back the gold standardThe_Original_Mind2195
(1)
11/11/14
3:07 PM
11/11/14
3:11 PM
US Will Start WW3 to Avoid Admitting Gold Reserves Are GoneFace Palmer14970
(4)
11/11/14
7:14 AM
11/11/14
2:19 PM
GoldAnonymous Coward1155N/A11/11/14
10:56 AM
11/11/14
11:10 AM
Muscovites complain of bad smell in the city. Very strong smell of gas in Moscow (video)Anonymous Coward1145N/A11/11/14
8:41 AM
11/11/14
8:47 AM
Is colloidal silver safe?Anonymous Coward2238N/A11/11/14
2:25 AM
11/11/14
2:28 AM
SILVER RUN US mint resumes silver eagle sales on Nov 17, with a measly 1 mil silver eagles that will be RATIONEDAnonymous Coward2263N/A11/11/14
12:00 AM
11/11/14
12:48 AM
TRILLIONS of Paper Silver, QUADRILLIONS of Fiat -- ABN Amro's absurd call for $800 gold in 2015
Page 1, 2, 3
Chugiakian823,763
(7)
11/09/14
10:49 PM
11/11/14
12:27 AM
WTF !! 37 Million Bees Die After GMO Corn Planted !!Anonymous Coward5252
(1)
11/10/14
1:40 PM
11/10/14
10:41 PM
Ethanol in gas sucks
Page 1, 2, 3, 4
Anonymous Coward931,727
(12)
11/09/14
6:54 PM
11/10/14
9:19 PM
US Mint 'Runs Out of Silver"!
Page 1, 2, 3, 4
Anonymous Coward1148,108
(15)
11/05/14
2:18 PM
11/10/14
5:21 PM
37 Million Bees Found Dead In Ontario, Canada After Planting Large GMO Corn Field
Page 1, 2
whats next482,766
(34)
11/09/14
1:28 PM
11/10/14
2:08 AM
Another "Conspiracy Theory" Bites The Dust: UBS Settles Over Gold Rigging, Many More Banks To Follow
Page 1, 2
Mukk1234472,688
(8)
11/09/14
1:16 PM
11/09/14
7:41 PM
Russia and China are building up huge gold reserves while abandoning the dollarIt's bunker time!3307
(3)
08/28/14
12:15 PM
11/09/14
6:39 PM
ISIS sells stolen Kirkuk oil at $20 per barrel - Iraq Finance MinistryMukk12347165N/A11/09/14
5:57 PM
11/09/14
6:08 PM
Russian gas planned for Europe to go to China.Anonymous Coward2169N/A11/09/14
3:36 PM
11/09/14
3:55 PM
David Cole: Forty-Six Important Unanswered Questions Regarding the Nazi Gas ChambersAnonymous Coward16554
(13)
02/18/07
3:04 PM
11/09/14
12:19 PM

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