Your paycheck is now worth 3.1 percent less than last year

#151
#151
Rasputin_Vol said:
I've pointed it out thousands of times, but they are able to drive demand for physical gold and silver towards the ETFs. So instead of people jumping into buying physical gold and silver, they are choosing to get "exposure" to the metals by purchasing GLD or SLV, which is not physical metal but "paper" metal.

Now having said all of that, the spot price of silver right now is about $27-28, yet you will be hard pressed to find a Silver Eagle right now for under $40 and any other form of silver for under $34.
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That's something that keeps me away from physical metal too. I don't want pretty coins that are gonna sit in a safe. I just want the metal. And I don't want to pay a premium to get it. If the price is $X, I want to pay $X. I get that Rosland needs to make a profit, but what you just described is over 20%... that is outrageous.
 
#154
#154
SpaceCoastVol said:
That's something that keeps me away from physical metal too. I don't want pretty coins that are gonna sit in a safe. I just want the metal. And I don't want to pay a premium to get it. If the price is $X, I want to pay $X. I get that Rosland needs to make a profit, but what you just described is over 20%... that is outrageous.
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The premiums are usually nowhere near that high. That is my point. The price is manipulated by the so-called spot price. But in reality, the true price of the metals is what people are paying on the street or at retail.

If anything, you should look at the spot price + premium as the true price of the metal. For example, the spot price of silver around March 20, 2020 was near $12, yet you couldn't find anybody selling metal for anything less than $19.
 
#157
#157
McDad said:
I was one of them. I still don't understand why it hasn't, tbh. I don't know how we can have such massive debt relative to GDP and it have no inflationary effect. I believe a tipping point exists but have no idea where that point is.
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I think it's possible that the people in charge of things that affect the entire economy are very smart people who know what they're doing and definitely know more about it than you, me, and every other poster here.
 
#165
#165
Tyler Durden said:
Do we need to start a GoFundMe for Friday night dinners?
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Does your little brain believe it is contained to that restaurant?

That weekly meal now is $250 more per year.

Plus they are probably paying $1000 to $2000 more per year in gas.

And oh yea, EVERY meal they eat probably costs more now.

You gonna stimmy their way out of it for them?
 
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#166
#166
Tyler Durden said:
I think it's possible that the people in charge of things that affect the entire economy are very smart people who know what they're doing and definitely know more about it than you, me, and every other poster here.
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Did you feel that way from 2016 through 2020? How about 2000 through 2008?
 
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#170
#170
allvol123 said:
Does your little brain believe it is contained to that restaurant?

That weekly meal now is $250 more per year.

Plus they are probably paying $1000 to $2000 more per year in gas.

And oh yea, EVERY meal they eat probably costs more now.

You gonna stimmy their way out of it for them?
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Cry about it. You could buy a house in the 50s for what a car costs now. Minimum wage was also like $2. Time goes on and **** gets more expensive.
 
#171
#171
K-town Vol Fan said:
Cry about it. You could by a house in the 50s for what a car costs now. Minimum wage was also like $2. Time goes on and **** get more expensive.
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Not crying. But you keep being ignorant to it.

Food and other consumables dont rise 20% in months. That is not comparable to what you are attempting to compare it to above.

I doubt his pay went up 20% in the same amount of time his weekly meal, gas, and everything else went up 20%. Comprehend?
 
#175
#175
K-town Vol Fan said:
Cry about it. You could buy a house in the 50s for what a car costs now. Minimum wage was also like $2. Time goes on and **** gets more expensive.
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This isnt a real problem for the middle class but the poor?

But I guess the Dems no longer care since they are in charge.
 
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