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 Replies: 31 / Views: 4,175 |
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Valued Member
United States
329 Posts |
"Lower commodity prices generally"
Thats your clue that something is wrong. Absent a rise in the dollar, you have to assume some large hedge funds failed and are being liquidated.
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Pillar of the Community
Canada
3692 Posts |
So why are gas prices generally the same as last week?
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Pillar of the Community
United States
3670 Posts |
Good question Liber as oil is taking a beating as well correct, so should this not evetually result in some lower gas prices down back around 2.75 per gallon?
You can bet the stations are in no hurry to climb up the signs and drop those prices lol....
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Pillar of the Community
United States
1660 Posts |
Fear. PMs rose as a few big money vendors peddled end-of-the-world scenarios to millions of small time victims. Terrified throngs saw salvation in stacking coins with pretty pictures. The fall in PM prices reflects nothing more than common sense finally coming back into the equation. The world is not ending. Your ounce of silver, even though it's the limited edition first strike mint state TPG'd sea horse with an extra fin, is still just an ounce of silver. |
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Valued Member
United States
329 Posts |
Oil is off 10%. I doubt most hedge funds trade gasoline, they'd likely get killed by major oil
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Bedrock of the Community
13014 Posts |
Quote:
So why are gas prices generally the same as last week? Gas prices have close to a dollar of state and federal tax built into every gallon so theres not a whole lot of downward movement that can happen with all the mark ups that need to happen for all the people that get their hands on it. Weve made refining more expensive over time with new regulations and the 50+ blends they have to use as well. We probably wont ever see gas be 1.20 1.40 a gallon again |
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Valued Member
United States
456 Posts |
Quote:Your ounce of silver, even though it's the limited edition first strike mint state TPG'd sea horse with an extra fin, is still just an ounce of silver. Unless I'm misunderstanding you, it appears you are trying to demean those who purchased semi-numismatic bullion. If anything, it is those who purchased the limited mintage sea horse w/ the extra fin that are still doing ok right now as prices are holding up to a certain extent as the spot price drops. Whether or not everyone sees it that way, semi-numismatic bullion gives you a cushion as prices fall. |
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Pillar of the Community
United States
1454 Posts |
Quote:
Unless I'm misunderstanding you, it appears you are trying to demean those who purchased semi-numismatic bullion. If anything, it is those who purchased the limited mintage sea horse w/ the extra fin that are still doing ok right now as prices are holding up to a certain extent as the spot price drops. Whether or not everyone sees it that way, semi-numismatic bullion gives you a cushion as prices fall.  What he said. My proofs are holding up in value quite nicely thanks ;) |
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Bedrock of the Community
13014 Posts |
2nd the agreement. Silver isn't created equally when it comes to coins. An ounce of silver can be worth spot or it could be the 1995 W pf70 ASE that just sold for close to 90k not long ago. Clearly an ounce of silver isn't an ounce of silver as far as the market is concerned |
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Pillar of the Community
 Australia
7096 Posts |
Quote:Fear. PMs rose as a few big money vendors peddled end-of-the-world scenarios to millions of small time victims. Terrified throngs saw salvation in stacking coins with pretty pictures. The fall in PM prices reflects nothing more than common sense finally coming back into the equation. The world is not ending. Your ounce of silver, even though it's the limited edition first strike mint state TPG'd sea horse with an extra fin, is still just an ounce of silver. I got rid of all my junk silver and bullion in 2011 at about $40 per ounce. I have concentrated on numismatic silver since then. Whereas the value of junk and bullion silver has taken a heck of a bashing, my Numismatic silver coins have increased in value  I seriously doubt that you can pick up an MS Canberra florin for $7.60 (melt value) and yet I managed to get quite a few of these over the last couple of years at about $5-$10 per coin over melt  Edited by trout1105
04/16/2013 12:17 am
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Pillar of the Community
United States
1195 Posts |
This drop bodes well for me buying toward my 1932-1964 quarters and halves set as well as my bulion coin collection.
This drop is also getting painful, both because my buy in point with what I have is in the $30-$35 range and good luck Chuck finding any of what I want at these prices.
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Pillar of the Community
Australia
7096 Posts |
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I remember back in the 90s. There was a huge short trade in pork bellies that made absolutely no sense. There were sellers everywhere as if we were about to be invaded by pigs. They drove it to something ridicolous like 19 cents. They busted everyone and then the big food conglomerates bought the farms and of course prices are sky high now.
I wonder if the same thing is happening here  |
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Valued Member
United States
362 Posts |
With this drop in PM hits the bottom will all the fake money that was printed for the recovery be released into the public forcing another depression? If I'm remembering right didn't we have a smaller debt back last time, while now it's 150% over the one before? If the answer is Yes and Yes, PM's will bounce back like a yoyo on a rocket. (for the record I'm asking to see if I understand correctly). |
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Bedrock of the Community
13014 Posts |
Our debts been growing ever second for decades so thats nothing new. PM prices shouldnt have anything to do with the money supply though, likely that money will be moved to stocks or some other investment
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Valued Member
United States
410 Posts |
@ Fatman: I don't understand your questions.
1. The money printed for the recovery has already been released into the economy. That happens every time the Federal reserve buys bonds with printed money.
2. The US has never had a debt of 150%. The two main measures of US debt in public and gross debt. Public debt is the debt owed to parties outside of the government. The gross debt includes debt owed by one part of government to another. The highest the public debt has every been was 113% of GDP in 1945. Here is the latest tally of US Federal dept from Wiki:
"On 2 April 2013, debt held by the public was approximately $11.959 trillion or about 75% of GDP. Intra-governmental holdings stood at $4.846 trillion, giving a combined total public debt of $16.805 trillion.[4][5][5][6] As of January 2013, $5.6 trillion or approximately 47% of the debt held by the public was owned by foreign investors, the largest of which were the People's Republic of China and Japan at just over $1.1 trillion each.[7]"
By my calculations that puts the US Federal Government's gross debt at about 106% of GDP.
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Replies: 31 / Views: 4,175 |
First Page
Posted 04/15/2013 9:44 pm
