We're passing on 15-20% rises to our customers at the moment (ingredients for food products). It seems to all be absorbed at the margin at the moment. No way the end-consumer won't see it eventually though. We're a couple of layers down the supply chain (suppliers of suppliers) Everyone assumes it's still transitory and doesn't want to lose customers. The sad thing is people think they have already seen the price increases in food. It's barely started! If I extrapolate out to say 2024 it's going to be a nightmare of failed projects, scrapped launches and soiled relationships. The consumer will see products again de-spec'd (lower grade materials, higher non-nutritive ingredients - e.g. the pepperoni on your takeaway pizza will have an extra 5% fat that you won't notice). It all adds up to a shittier world and economy.
Ah that makes sense, CPI numbers rattling people some people move into the undervalued Silver. Thanks for the break down. Since most of the above require transportation, Gasoline/energy would have a compounding effect that's the highest one. And is still heading higher, Or Pepperoni will be out right replaced by plantaroni which seems to be getting all the government subsidized. Yeah agree its going to get expensive for stuff which looks and tastes like food and even more for proper foodd (proper nutrients). How far away are we from now is Slurm going to appear on the scene to replace Coke and Pepsi?
You sir are a visionary! Hopefully the slurm will be pumped full of enough psychotropics to take care of the sad feelings The US is well ahead with their marijuana lolli shops. Towards the end of my stay all the 'budtenders' had to give out warning about giving them to kids. They'd only be saying that for one reason...
its too real, for people burning coal, they paid them by tones before, so now they buying 100 kilos...since prices went up 20 x
Palladium already left the 3k mark, so its time for gold to try 2.5k first before 3k...but Palladium would be waiting at 5k wonder how Platinum would be too, since we still got 1 more year to buy... its all possible that all of them crash again before new highs
Oil Crashes To 6-Week Lows As COVID Crisis Re-Awakens https://www.zerohedge.com/energy/oil-crashes-6-week-lows-covid-crisis-re-awakens
Biden confirmed Jay Powell's second term as FED chair and share markets liking the 'continuity' and 'stability'. All it takes to nudge gold down a notch. Lael Brainard becomes vice chair. White House statement: " "While there’s still more to be done, we’ve made remarkable progress over the last 10 months in getting Americans back to work and getting our economy moving again. That success is a testament to the economic agenda I’ve pursued and to the decisive action that the Federal Reserve has taken under Chair Powell and Dr. Brainard to help steer us through the worst downturn in modern American history and put us on the path to recovery. As I’ve said before, we can’t just return to where we were before the pandemic, we need to build our economy back better, and I’m confident that Chair Powell and Dr. Brainard’s focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before. Together, they also share my deep belief that urgent action is needed to address the economic risks posed by climate change, and stay ahead of emerging risks in our financial system. Fundamentally, if we want to continue to build on the economic success of this year we need stability and independence at the Federal Reserve - and I have full confidence after their trial by fire over the last 20 months that Chair Powell and Dr. Brainard will provide the strong leadership our country needs." "
It is interesting that the S&P Futures trade less than $150 Million in each of the same periods in a market that is 5 times as large as Comex Gold. Yet we still have a few dimwits on here claiming that all markets are manipulated equally!
I am dusting off the good old trustee truck..... getting it ready to fill up, just need a few more red candles... now where are them darn keys
smaller bars usually cost a bit more than bigger 100oz bar but it cost more for 1 100 oz bar compared to 10 x 10 oz bars