How many years ago...

Discussion in 'Silver' started by hawkeye, Apr 15, 2013.

  1. Auagau

    Auagau Active Member

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    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!
     
  2. hiho

    hiho Active Member Silver Stacker

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    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
     
  3. Auagau

    Auagau Active Member

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    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'.
     
  4. Melty

    Melty New Member Silver Stacker

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    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 ;)
     
  5. hiho

    hiho Active Member Silver Stacker

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    please go and read http://mises.org/daily/6294/

    no need for apologies ;-)
     
  6. Auagau

    Auagau Active Member

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    Quoted from the article:



    So... as i asked... what are these examples of price rises?
     
  7. hiho

    hiho Active Member Silver Stacker

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    1. Rent :eek:
    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.
     
  8. Melty

    Melty New Member Silver Stacker

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    not to mention the increase in taxes paid on all of those things due to higher taxes on those things
     
  9. Auagau

    Auagau Active Member

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    You do understand the inverse relationship between unemplyment and inflation. Don't you??
     
  10. hiho

    hiho Active Member Silver Stacker

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    yes but do you undestand the lead lag relationship between the two?
     
  11. Auagau

    Auagau Active Member

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    Such as income tax which has fallen over the last few years?
     
  12. Auagau

    Auagau Active Member

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    From your list which are you actually claiming has risen 7% pa over the past few years?
     
  13. Ghost Story

    Ghost Story Active Member

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    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 :D
     
  14. hiho

    hiho Active Member Silver Stacker

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    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.
     
  15. Ghost Story

    Ghost Story Active Member

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    that explains it very well, why buy something that's not going to help pay the bills TODAY
     
  16. grinners

    grinners Active Member Silver Stacker

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    Are they on struggle street literally? Or are they on struggle street metaphorically?

    :)
     
  17. Auagau

    Auagau Active Member

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    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
     

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