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jonflyfish
Penny Hoarding Member
USA
693 Posts |
 Posted - 10/21/2009 : 13:43:40
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Today's price increases for Joe Sixpack (sounds like Zimbabwe)
Crude + 2.6%
Heating Oil +3.6%
Gasoline +3.9%
Coffee +1.5%
Cocoa +1.8%
Sugar + 2.6%
Corn, Wheat, Soybeans more than 3% higher
Copper +3.5%
IN ONE DAY!!!!!!!!!!
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The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Gresham
Penny Pincher Member
184 Posts |
Posted - 10/21/2009 : 14:02:41
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| This is only a concern if this one day trend continues. For all I know it will be back where it was earlier by tonight. But no, inflation is certainly not contained. |
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faithnotwork
Penny Pincher Member
USA
121 Posts |
Posted - 10/22/2009 : 18:43:10
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| I've been watching the value of base metals as well as precious. All I can say is that $1 fv copper penny is about $1.99 melt. And $1 fv nickels is about $1. So although this has happened before, I don't think its going back down anytime soon. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 10/22/2009 : 19:01:13
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The commodity trend upwards has been ongoing all year, but has accelerated in the last few weeks - up over 40% for the year.
Are all commodities on their way back up to 2008 highs or greater?
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 10/22/2009 19:17:55 |
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Nickelless
Administrator
USA
5580 Posts |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 10/22/2009 : 22:01:44
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Its funny not to see any of the biggies on that list. Like the old safe haven or inflation buster.
Goes to show that Gold, Silver, Plat.,Etc. are on their own schedules |
Robber Baron= Robarons |
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Gresham
Penny Pincher Member
184 Posts |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 10/22/2009 : 22:38:17
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quote:
Originally posted by Robarons
Its funny not to see any of the biggies on that list. Like the old safe haven or inflation buster.
Goes to show that Gold, Silver, Plat.,Etc. are on their own schedules
Joe Sixpack is a consumer losing his purchasing power- not exactly a savvy wealth preserving inflation buster.  |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 10/22/2009 : 22:41:57
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Got a link for that?
Nickelless- These were from price quotes i pulled off my screen near the end of the trading session.
Cheers!
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 10/22/2009 : 22:45:15
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Sorry about that- I see the focus of the thread is on good ole American joe, but still there no reason that Joe Realcent couldnt got pinched by higher Pm prices as well =)
But it is still a good point to know that not all commodities are not in lockstep with each other. Seems kinda fishy...
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Robber Baron= Robarons |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 10/22/2009 : 22:50:38
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| Thanks Gresham! |
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"Inflation well contained"?
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