And I am asking for real life examples of inflation in recent times. I can think of electricity prices. Can you think of any??? Cash in the bank is definitely trumping metals for the last couple of years!
With all due respect you dont understand inflation, it is an increase in the money supply and since the lablor pardy has been in it's increased by min 7% per year. Additionally the goverment has also artificially driven interest rates down, this double edged sword has made savers broke, try being a retiree in this scenario
No. Inflation is a general rise in the price of goods and services. Rise in the money supply is a possible cause of inflation. It, however, is not 'inflation'.
Its all good my man. As for the cc debt, I should have clarified that i bought a bunch of stuff last year... (non pms) like a john deere, new wood flooring ect... My point is i like to be holding the pms when it counts its gonna get a lot worse before it gets better but if it all goes down i have something and if i have some credit card debt when it blows up then i win there too! i have what i wanted and the debt goes away. but i am prepared to pay it if i have to. leveraged with my money leveraged with their money
1. Rent 2. Insurance 3. Registration 4. Petrol 5. Public Transport the high A$ masks most of the rises, if the $A falls you will see it my friend and it will be ugly, we are on the precipice of social unrest and high unemployment.
does anyone see a pattern in this chart ? like GFC stock market crash everyone heads for metal, stocks now doing well everyone is jumping ship to stocks dumping metals and buying shares in whatever's not PM's, makes sense to me. most people don't care what it is they want $ fast and have no emotions tied to metal or SHTF or what ever. so why the price fall ? pretty simple for me no $ getting put in to the sinking ship PM ship has a big hole in it. so what now ? $ talk and bullsh%t walks. who is going to buy stocks in something that's falling so fast ? me still thinks wait a bit and see what happens save some $ and jump on fast. its all a bit of fun really isn't it
I can only speak for myself but over the last 18 months alone public transport up from $6 retrun trip to $8 rego up from $550 to $680 car insurance up from $440 to $485 house insurance up but due to the floods rent up from $515 to $535 for someone on a decent wage with increases to match you dont notice, but my mim and dad notice, they are on struggle street literally, so I am helping out, this is also inflationary for me.
Ahh, well your world is a lot different to mine: Transport (car) - petrol prices are lower than 12 months ago. I need my car at work. Rego - unchanged Insurance - health insurance went up a couple of % but that's it. House insurance unchanged. Mortgage repayments - down from 12 months ago