Comments on: Gold http://sovereignspeculator.com/2010/02/18/gold/ Thoughts on the markets and the decline of the west Fri, 11 Nov 2011 00:36:35 +0000 http://wordpress.org/?v=2.6 By: Mike http://sovereignspeculator.com/2010/02/18/gold/#comment-8548 Mike Sun, 21 Feb 2010 17:45:55 +0000 http://sovereignspeculator.com/?p=3783#comment-8548 Might have something to do with the lack of global warming: http://us.mobile.reuters.com/mobile/m/AnyArticle/p.rdt?URL=http://www.reuters.com/article/idUSTRE53500H20090406 http://www.bloomberg.com/apps/news?pid=20601099&refer=dine&sid=ah5DD99EXVkw check out indexmundi.com for long-term charts of all kinds of odd commodities. Most are below their 2008 highs, and many of those highs only matched 1970s peaks. As for grocery prices, consider that a loaf of bread contains about $0.05 of wheat, the same as in the '70s, and even at times nearly 100 years ago. Commodity prices are clearly not the issue there. Might have something to do with the lack of global warming:
http://us.mobile.reuters.com/mobile/m/AnyArticle/p.rdt?URL=http://www.reuters.com/article/idUSTRE53500H20090406

http://www.bloomberg.com/apps/news?pid=20601099&refer=dine&sid=ah5DD99EXVkw

check out indexmundi.com for long-term charts of all kinds of odd commodities. Most are below their 2008 highs, and many of those highs only matched 1970s peaks.

As for grocery prices, consider that a loaf of bread contains about
$0.05 of wheat, the same as in the ’70s, and even at times nearly 100 years ago. Commodity prices are clearly not the issue there.

]]> By: hcrosby http://sovereignspeculator.com/2010/02/18/gold/#comment-8547 hcrosby Sun, 21 Feb 2010 15:33:14 +0000 http://sovereignspeculator.com/?p=3783#comment-8547 The announcement the other day of the inflation rate at 4.5% coming out of nowhere, shocking all the talking heads, may mean that the multi trillion dollar debts we've piled up may mean real price inflation is closer than we think..... Meanwhile yesterday I paid $10.33 for a 10 ounce bottle of maple syrup. About a year ago, the same bottle was $5.12. Anecdotal, but worrisome you must admit! The announcement the other day of the inflation rate at 4.5% coming out of nowhere, shocking all the talking heads, may mean that the multi trillion dollar debts we’ve piled up may mean real price inflation is closer than we think…..

Meanwhile yesterday I paid $10.33 for a 10 ounce bottle of maple syrup. About a year ago, the same bottle was $5.12. Anecdotal, but worrisome you must admit!

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