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 Replies: 59 / Views: 6,677 |
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Pillar of the Community
United States
586 Posts |
Since the start of the trade war, Gold has tied itself to Chinese Yuan (CNY). You can plot USD/CNY vs Gold, they are almost inversely correlated. It makes some sense since Chinese government had been accumulating gold over the years; and tried to back CNY with the reserve. Last week, Gold was around $1212 and USD/CNY was about 6.83:1; today the numbers are $1178 and 6.89:1. The forecast for the rest of the year is that USD/CNY will hit 7.5:1, you can do the math for yourself for the gold price. Watch Out Below.  |
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Pillar of the Community
United States
5832 Posts |
What's backing up the green back? Trust?!
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Pillar of the Community
United States
1475 Posts |
It will be interesting to see what happens. Silver too, some degree  |
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Bedrock of the Community
13014 Posts |
Quote:
What's backing up the green back? A country, military power Like always. Real world force |
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Bedrock of the Community
United States
36830 Posts |
 . Metals are actually up in other world currencies. |
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Valued Member
Australia
491 Posts |
Add an extra 35% for the AU$ for a silver oz.
US$ buys about same in living expenses costs as the AU$.
Edited by kg5
08/21/2018 02:17 am
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Pillar of the Community
United States
509 Posts |
It doesn't matter what the value is, you still only get to keep a little over half of every dollar.
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Bedrock of the Community
13014 Posts |
Quote:
US$ buys about same in living expenses costs as the AU$. The US dollar goes much further in day to day expenses than the AU one does. US prices are significantly cheaper in the vast majority of day to day expenses. |
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Valued Member
Australia
491 Posts |
Petrol US wins hands down.
Food for 2 per 2 weeks.
Fruit & veg $25
Meat $30
Milk $6
Bread $6
Breakfast cereal $12
Coffee $6
Sugar $1
Spices $2
Butter $2
Oil $3
Misc $7
Total $100 per 2 weeks
And we live every nicely thank you.
How do we stand up cost wise?
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Pillar of the Community
United States
4333 Posts |
Grow your own fruits/veggies and livestock (chickens), and it's even less. Or so, I'd like to think.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
Australia
491 Posts |
To grow your own food and be cheaper you would have very little variety and nothing out of season to eat. Some foods are just impossible to grow your own because of cost to make climate control areas to grow it.
The way to go with meat is ducks as they are extremely hardy and breed like flies and get to an eating size very quickly. Chicken die easy and are very nervous egg layers compared to ducks.
Goats are another great meat grower as a heard increases by 130% per year. Sheep herds increase by 30% per year.In Australia wild pigs eat 80% of available lambs per year.
It is cheaper to buy top quality food than to try and grow it yourself.
And with the savings of not growing your own you could buy a couple of ozs of gold per year too boot.
Edited by kg5
08/22/2018 04:28 am
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Pillar of the Community
United States
4333 Posts |
I'll have to disagree. I've raised meat and egg birds over the last 20 years. My Cornish rock hybrids grow to six pounds in just eight weeks! If I have laying hens, they usually die of old age lol. Ducks I don't care for, greasy and gamey. As for fruits and veggies, the varieties are endless, at least here in the northern US. Homegrown beats tasteless store bought produce every time, non-GMO, and the cost is cheap. I can grow leafy greens in the winter in zero degree conditions, outside. Almost everything I eat in the summer, and a lot in the winter, is food I've grown myself. Just can't be beat.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
Australia
491 Posts |
That's great that you take your food growing so full on.
How much grain do you use and grow, to get your Cornish rock hybrids to six pounds in just eight weeks?Do you use gain in your diet? How do you go for milk and oil? Do you use olives?Sugar or do you use honey? What about coffee?
Fertilizer costs do you have an answer to that and the pest & disease issues especially in the US.
Vegetables like leafy green are easy as but what about your root crops. Growing your grain sprouts at the kitchen sink is a winner but I do not know how good it would be for fowl growing.
Meat is what you can get use too but ducks can eat anything and still out lay and out grow the very most of featured creatures.
To grow enough fruit to have it all year. It takes up 1/3 of our diet. Maybe you cut a few corners.
Edited by kg5
08/22/2018 5:02 pm
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Pillar of the Community
 Canada
665 Posts |
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Bedrock of the Community
United States
12477 Posts |
I am not sure what you are on about, kg5. You apparently live in Queensland, Australia and fistfulladirt lives in Michigan, U.S. Are those similar places? I don't know.
What is your intent, kg5?
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
Australia
491 Posts |
A refreshing and very interesting comment by IndianGoldEagle! Quote:
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Metals are actually up in other world currencies. My response to that interesting comment. Quote:
Add an extra 35% for the AU$ for a silver oz.
US$ buys about same in living expenses costs as the AU$.
basebal21 comment. Quote:
The US dollar goes much further in day to day expenses than the AU one does. US prices are significantly cheaper in the vast majority of day to day expenses It is all available to read on this thread but you comment..... Quote:
I am not sure what you are on about, kg5. You apparently live in Queensland, Australia and fistfulladirt lives in Michigan, U.S. Are those similar places? I don't know.
What is your intent, kg5? Your comment reinforces AU living expenses are cheaper that a cold climate area + what has already been explained. There are more county currencies in this world of ours than the US$. This could be a surprise to some people! |
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Replies: 59 / Views: 6,677 |
Posted 08/16/2018 11:29 pm
