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 Replies: 97 / Views: 8,895 |
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Rest in Peace
United States
9104 Posts |
Fry's Food is part of Krogers.
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Valued Member
United States
370 Posts |
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I have also heard that farmers are getting the least for milk since the depression. My Uncles brother runs a small dairy farm, last time he brought it up(about a year ago), they were getting just over $13 per hundredweight from the milk company. For the size of his operation he needs at least $18 per hundredweight to just break even. They are basically giving the milk away for free and have been for a few years now and is on the verge of losing the family farm because of it. |
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Rest in Peace
United States
9104 Posts |
"Family farm" has a nice ring to it, but they're the source of a tiny portion of our food, and most farmers have "real jobs".
I don't mean to offend, but what advice would you give a coin dealer if they were getting just over $1300 per ounce from the refinery and the size of his operation needs at least $1800 per ounce to just break even. They are basically giving the gold away for free.
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Pillar of the Community
United States
4008 Posts |
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They are basically giving the gold away for free. With a $500 per oz. differential, it sounds as if they are paying people to haul it away!  |
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Valued Member
United States
315 Posts |
Quote:
I don't mean to offend, but what advice would you give a coin dealer if they were getting just over $1300 per ounce from the refinery and the size of his operation needs at least $1800 per ounce to just break even. They are basically giving the gold away for free.
The way it is wrote it sounds like you are saying that they are lossing $500 an ozt. My advice would be to lock the doors if they are lossing $500 an ozt and get a real job. |
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Pillar of the Community
United States
2168 Posts |
Back on the subject of how low it will go. Wow. All PM dropping again today. Who knows. Platinum is quite a bit lower than Gold as well
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Pillar of the Community
United States
2168 Posts |
Wonder how much longer for the US mint to resume selling silver
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Pillar of the Community
United States
4008 Posts |
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The way it is wrote it sounds like you are saying that they are lossing $500 an ozt. My advice would be to lock the doors if they are lossing $500 an ozt and get a real job. Yes, with business skills of that caliber, they could have a real future in either banking or government.  |
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Pillar of the Community
United States
3294 Posts |
They would only have a future in banking if they could figure out how to pass that $500 loss onto the consumer Ed. They should stick with government.
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Pillar of the Community
United States
2168 Posts |
With the silver price down the US mint had suspended pricing on their silver for repricing the site said. Well today actually last night the Proof sets went back for sale with No price change. Who knows what will happen with the rest of it but Gold and Platinum Eagles came down some more with Pt at 1792 for the proof almost 100 less than gold eagles
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Rest in Peace
United States
9104 Posts |
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The way it is wrote it sounds like you are saying that they are lossing $500 an ozt. My advice would be to lock the doors if they are lossing $500 an ozt and get a real job.
--GT My reply was to Lion4Life, but you saw exactly what my point was. If you're losing $500 every time you sell $1300 worth of milk (gold, whatever), it's time to find another vocation. |
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Pillar of the Community
United States
4008 Posts |
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They would only have a future in banking if they could figure out how to pass that $500 loss onto the consumer Ed. They should stick with government. Not a problem, Nod. I am sure that they would claim that passing along that $500 loss was for "the good of the children" or some similar nonsense.  |
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Valued Member
United States
315 Posts |
Quote:
Quote:
The way it is wrote it sounds like you are saying that they are lossing $500 an ozt. My advice would be to lock the doors if they are lossing $500 an ozt and get a real job.
--GT
My reply was to Lion4Life, but you saw exactly what my point was. If you're losing $500 every time you sell $1300 worth of milk (gold, whatever), it's time to find another vocation. Maybe, I sound a little callous, but I have a family to feed, cars and trucks that need fuel, and stack of bills just like everyone else. So it's off to work I go to make money. |
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New Member
United States
10 Posts |
it will go too 26.00 an oz
i have no documentation too prove it tho
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Pillar of the Community
Australia
518 Posts |
Lets hope it drops abit more for the sake of buyers :)
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Replies: 97 / Views: 8,895 |
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Posted 10/04/2011 3:28 pm
