Gold. GOLD!!!!! Gooooollllllllllddddddd!!!!!!!!

Balzac89

Balzac89

Undercover Mod
Right now is the time to stack as much as possible. People are paying premiums out the ass. If you can touch it buy it. Tomorrow I bet we see dry up. There is a coordinated buy setup for tomorrow.

Almost 172,000 views in two weeks.

[video=youtube;QGZ5f1G1Ep0]http://www.youtube.com/watch?v=QGZ5f1G1Ep0[/video]

join us won't you? Even just one ounce helps
 
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tokeprep

Well-Known Member
NoDrama said:
You would be correct if you were only using the numbers the government gives you, but you cannot compare anything of today with anything before 2006 because ALL the formulas used to come up with inflation numbers were all rejiggered to a new formula.

If they were using the same mathematical formulas from the Reagan Era, we would be at 25% unemployment and at 12-16% inflation.

Impossible to compare ANYTHING, it is not proper because you aren't quantifying things the same way anymore.
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I keep hearing claims like this one, and yet no one has actually been able to substantively criticize the inflation calculations. The closest anyone got was criticizing Core CPI, but I already dealt with the fact that it's just one number out of many.

The formulas must be changed because the market changes, as has already been discussed. You cannot measure inflation from 100 years ago to present by measuring the value of horses and cigarettes because the vast majority of people buy neither. To get a meaningful inflation number, you need to determine what people are actually buying and measure prices from there. The prices of individual items is irrelevant; the price of the market basket between two periods--not the items in the basket--is what's being compared.
 
MuyLocoNC

MuyLocoNC

Well-Known Member
tokeprep said:
I keep hearing claims like this one, and yet no one has actually been able to substantively criticize the inflation calculations. The closest anyone got was criticizing Core CPI, but I already dealt with the fact that it's just one number out of many.

The formulas must be changed because the market changes, as has already been discussed. You cannot measure inflation from 100 years ago to present by measuring the value of horses and cigarettes because the vast majority of people buy neither. To get a meaningful inflation number, you need to determine what people are actually buying and measure prices from there. The prices of individual items is irrelevant; the price of the market basket between two periods--not the items in the basket--is what's being compared.
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Hogwash. The items in the basket are precisely what matters. Especially when ALL of them exhibit the same trend. Eggs, milk, bread, meat, fruit, veggies and toilet paper are all through the roof. If you don't see it, you obviously don't do the shopping for your household.
 
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tokeprep

Well-Known Member
MuyLocoNC said:
Hogwash. The items in the basket are precisely what matters. Especially when ALL of them exhibit the same trend. Eggs, milk, bread, meat, fruit, veggies and toilet paper are all through the roof. If you don't see it, you obviously don't do the shopping for your household.
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You're implying that those things aren't in the basket. But they are.

Again, measuring everything, those increases can be cancelled out by decreases. If you spent $25 a week and now spend $30 on the same goods, that's $260 in a year. If gas prices averaged 30 cents lower and you spent $250 a month on gas, that would save you $240. I've never had a car, so I don't know how realistic that level of gas spending is, but substitute any other good you like. The changes only matter in aggregate because the aggregate is what the consumer's purchasing power buys. If the prices change very little in aggregate, the consumer's purchasing power experiences only that very little change. This is why the focus on individual items that's recurrent here makes no sense.
 
heckler73

heckler73

Well-Known Member
MuyLocoNC said:
Hogwash. The items in the basket are precisely what matters. Especially when ALL of them exhibit the same trend. Eggs, milk, bread, meat, fruit, veggies and toilet paper are all through the roof. If you don't see it, you obviously don't do the shopping for your household.
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Based on that seemingly parroted response, I'd guess you listen to the likes of Peter Schiff and Jim Rogers...

CPI 1.PNGCPI 2.PNGcpi 3.PNGcpi 4.PNGcpi 5.PNGcpi 6.PNG

I don't see where this through the roof episode is amongst the commodities you mentioned, except for milk and eggs riding the speculative boom pre-GFC (which promptly crashed post-GFC). For the most part, the trends are all relatively steady--except the recent roll-off. Perhaps you have a more subtle definition of through the roof that consists of moves 1% off trend?

Were you complaining about the same stuff pre-GFC (i.e. in 2006-7), as well?
Oh but wait... these are aggregated and averaged gov't statistics for the nation and they are all lies...
Perhaps if you tell me what your general location is, I can get more detailed numbers for your area, to which you can compare them with your experience.
Or even better, DO IT YOURSELF
http://data.bls.gov/pdq/querytool.jsp?survey=cu

And furthermore, what are the input-costs of production for all of these commodities? Do you think that has any influence on prices? How about quotas and subsidies? How about discretionary income of consumers; has that been distorted at all?
Coupled with grocery-store managers' abilities to suck as much consumer surplus from YOU (especially if they have a monopoly/oligopoly in your area), I wouldn't be surprised to see your bill go up. But, without evidence to the contrary, there is only conjecture. So where is that going to lead? Most likely, nowhere...

Numbers vs Opinions... classic brouhaha...
 
MuyLocoNC

MuyLocoNC

Well-Known Member
heckler73 said:
Based on that seemingly parroted response, I'd guess you listen to the likes of Peter Schiff and Jim Rogers...

View attachment 2638140View attachment 2638141View attachment 2638142View attachment 2638143View attachment 2638144View attachment 2638145

I don't see where this through the roof episode is amongst the commodities you mentioned, except for milk and eggs riding the speculative boom pre-GFC (which promptly crashed post-GFC). For the most part, the trends are all relatively steady--except the recent roll-off. Perhaps you have a more subtle definition of through the roof that consists of moves 1% off trend?

Were you complaining about the same stuff pre-GFC (i.e. in 2006-7), as well?
Oh but wait... these are aggregated and averaged gov't statistics for the nation and they are all lies...
Perhaps if you tell me what your general location is, I can get more detailed numbers for your area, to which you can compare them with your experience.
Or even better, DO IT YOURSELF
http://data.bls.gov/pdq/querytool.jsp?survey=cu

And furthermore, what are the input-costs of production for all of these commodities? Do you think that has any influence on prices? How about quotas and subsidies? How about discretionary income of consumers; has that been distorted at all?
Coupled with grocery-store managers' abilities to suck as much consumer surplus from YOU (especially if they have a monopoly/oligopoly in your area), I wouldn't be surprised to see your bill go up. But, without evidence to the contrary, there is only conjecture. So where is that going to lead? Most likely, nowhere...

Numbers vs Opinions... classic brouhaha...
Click to expand...
Sorry, that was all me. Why wouldn't others say the same thing, it's fact. EVERYTHING I mentioned has gone up quickly and sharply. Tokeprep's assertion that those increases are offset by price drops on other necessities is ludicrous, there are no prices dropping...on anything. His example of gas is completely absurd, gas prices are insanely high.
 
UncleBuck

UncleBuck

Well-Known Member
MuyLocoNC said:
Hogwash. The items in the basket are precisely what matters. Especially when ALL of them exhibit the same trend. Eggs, milk, bread, meat, fruit, veggies and toilet paper are all through the roof. If you don't see it, you obviously don't do the shopping for your household.
Click to expand...
milk is about the same as it was 8 years ago.
 
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NoDrama

Well-Known Member
tokeprep said:
I keep hearing claims like this one, and yet no one has actually been able to substantively criticize the inflation calculations. The closest anyone got was criticizing Core CPI, but I already dealt with the fact that it's just one number out of many.

The formulas must be changed because the market changes, as has already been discussed. You cannot measure inflation from 100 years ago to present by measuring the value of horses and cigarettes because the vast majority of people buy neither. To get a meaningful inflation number, you need to determine what people are actually buying and measure prices from there. The prices of individual items is irrelevant; the price of the market basket between two periods--not the items in the basket--is what's being compared.
Click to expand...
Very good, so lets use what every human uses and has used since the beginning of mankind. Food, Energy and rents.


All of those are substantially increased in currency terms over the last 6 years.

Oh sure, you can tell me that the price of filet Mignon hasn't really gone up, because I now eat hamburger, but the price on the package went from $1.45 a lb to over $5.

The price of a Big Mac ( the world standard of currency valuation) has increased by 120% in the last 6 years.

They don't use Food, energy or rents when figuring the inflation index.

Don't piss on my back and tell me its raining.
 
UncleBuck

UncleBuck

Well-Known Member
NoDrama said:
Very good, so lets use what every human uses and has used since the beginning of mankind. Food, Energy and rents.


All of those are substantially increased in currency terms over the last 6 years.

Oh sure, you can tell me that the price of filet Mignon hasn't really gone up, because I now eat hamburger, but the price on the package went from $1.45 a lb to over $5.

The price of a Big Mac ( the world standard of currency valuation) has increased by 120% in the last 6 years.

They don't use Food, energy or rents when figuring the inflation index.

Don't piss on my back and tell me its raining.
Click to expand...
actually, big macs went down 2.68% in the last 10 years (see chart above)

with the housing crash, rents are down drastically in many, many markets.

and my electric bill just went down thanks to natural gas.

http://www.portlandgeneral.com/our_company/news_issues/news/01_04_2013_pge_customers_will_see_price_.aspx

all around fail right there, sistah!
 
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NoDrama

Well-Known Member
UncleBuck said:
actually, big macs went down 2.68% in the last 10 years (see chart above)

with the housing crash, rents are down drastically in many, many markets.

and my electric bill just went down thanks to natural gas.

http://www.portlandgeneral.com/our_company/news_issues/news/01_04_2013_pge_customers_will_see_price_.aspx

all around fail right there, sistah!
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No, no big macs did not go down at all, your little graph or whatever you call it uses 4 year old data, its completely fucking worthless.
 
UncleBuck

UncleBuck

Well-Known Member
NoDrama said:
No, no big macs did not go down at all, your little graph or whatever you call it uses 4 year old data, its completely fucking worthless.
Click to expand...
price of big macs went down 2.68% from 2000-2010.

now place my penis in your mouth and start sucking, welfare farmer.
 
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NoDrama

Well-Known Member
UncleBuck said:
price of big macs went down 2.68% from 2000-2010.

now place my penis in your mouth and start sucking, welfare farmer.
Click to expand...
Nope, I bet if I look at the data they are using prices from one part of the country vs from another part of the country to try and fool the idiots who will just go with whatever is presented to them.

In the Year 2000 you couldn't even legally drive, let alone go to McDonalds for a big mac. You were just a zit faced little pubescent teen. In 1993 it was 2 big macs for 2 bucks in so cal.

Oh shit, I just figured out that your little image has all the prices from 2000, adjusted for inflation.LOL it says so right there!!! LMAO what a crock of shit, they are actually increasing the prices of the items from 2000 by whatever the official inflation measures were for those years to try and convince you that the prices didn't change.

HOLY FUCK! You would have to be ULTRA stupid to fall for that.
 
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NoDrama

Well-Known Member
UncleBuck said:
i can procure the ingredients for a loaf of bread for much less than $0.99.
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Sure you can, by stealing it. Otherwise a 5 pound bag of flour is the smallest size you can get and will indeed cost far more than $.99.

You would know these things if you ever did any shopping or paid attention to prices, but since you don't do any shopping you have to depend on graphics that use prices and then adjust those prices for inflation.
 
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