Posted on 01/31/2021 10:38:48 AM PST by blam
I see it. Another explanation is that silver is catching up with inflation which is, at least in the supermarkets here, running rather higher than official numbers.
Inflation numbers are manipulated by the gov't to make things seem better than they really are.
Old people can remember prices from 50 - 60 years ago and they do not line up with "official" inflation.
One thing I notice is the disappearance of the store brands in the supermarkets. One doesn’t have to raise prices if one drops cheaper alternatives. And the amounts listed as “contents” are shrinking again as happened in the late seventies-early eighties. Same size packages but more air in the boxes. Some stores leave space on their shelves labeled for the store brands and when asked about them the clerks say, “we are temporarily sold out of that brand,” but the spaces don’t get refilled and are closed up after a couple of weeks. Prices of the little stuff in convenience stores are rocketing. Small and medium cups for coffee are disappearing.
Yea...my fractional gold and silver are 1/10 oz and 1/20 oz, grams and so forth. Purchasing full ounce metals would be just as you mentioned.
Remember that nickels are 75% copper and that electric vehicles require seven times more copper than gasoline autos. GMC announced on 1-28-2021 their goal of having all 100% electric vehicles by 2035....15 years.
See my post #16 above.
I’ve not delved into copper...perhaps it’s time. lol
1) $100k was the minimum amount I listed so what you outlined would be the bare minimum with upwards of many multiples of that for HNW individuals
2) Silver hasn't been $30/oz very long. It's averaged high teens over the last 5 years so you'd need to increase your numbers by ~70% for a typical silver investor, or more if they loaded up in the low double digits, not a FOTM reddit person.
3) I can store the same amount of wealth in gold with 1/65th or so of the space
4) Not everyone that invests in silver wants easy to stack/store silver bars, many like myself prefer coins (eagles and junk US silver coins for my preference) which will take up more storage space.
Inflation in individual items at the grocery store can vary quite a bit but keep in mind a typical grocery store has about 20k items.
Where you have seen massive inflation in recent years is healthcare, real estate, stocks, bullion, and bonds (yields at record low).
Must be your area. Store brands are all the rage in general in grocery stores. The grocer makes more money on those than they do the name brands in most cases and it re-inforces their brand name on the consumer. I worked in the supermarket business (@ HQ, not a store, although did that briefly a long time ago) for a very long time.
That’s way too much space for me (copper)! I probably wouldn’t even think of investing in it seriously unless I ever hit a 9 digit net worth, which is unlikely since I plan to retire around 45-48 hopefully, right before I’d hit an 8 digit net worth assuming 6% market returns on average. Plus, my wife and I will travel too much for me to want to risk that kind of storage space/security on it. I continue to build silver (largely junk silver US coins, but some eagles, world coins, etc), platinum and gold. Also own 4 homes as an inflation hedge as well (one I live in and 3 rentals which are all very strongly cash flow positive with ~35% equity/65% debt). Most of my current net worth is in stocks and real estate in general but like to keep precious metals around 5-10%.
This is recent, the last couple of months though prices have been inching up for the last year.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.