"Japanese Farmers Bet on Steaks Costing Twice the Price of Silver"

Discussion in 'Other Investments' started by Roswell Crash Survivor, Apr 3, 2014.

  1. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Cow Stacking? Wheres...the beef?

    http://www.bloomberg.com/news/2014-...attle-to-spur-pricey-wagyu-steak-exports.html

    Note: All dollar amounts in USD unless otherwise noted.
     
  2. Altima

    Altima Well-Known Member Silver Stacker

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    Have tried wagyu beef before. And to be honest I can't seem to tell the difference !

    Apart from the bill for the meal of course.
     
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  3. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Well people need food but they can do without silver.

    We get wagu beef from the market, quite nice really, wouldn't go mad over it though.
     
  4. Pirocco

    Pirocco Well-Known Member

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    Nevertheless, silver facilitates trading enough to make it quite useful even in such a food scenario. What can you do without money: barter. What to barter with? Can you do a haircut and can you find a farmer needing a haircut, preferrably the moment you need beef? :D
     
  5. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    The Japanese really have respect for quality beef and know how to cook it to perfection. I've eaten plenty of beef while in Japan -- Yakiniku, Gyudon, and my favourite, Teppanyaki -- and it was spectacular.

    Now that the Japanese tariff on Australian beef will be lowered, if our local producers can't increase supply then I'd expect initially some increase in prices or reduction in quality of beef available in Australia as the prime cuts go overseas to the more profitable market. Longer term, hopefully, a larger market for our beef may result in lower prices as greater economies of scale kick in, assuming beef producers can increase cattle numbers while reducing costs. Who knows.
     
  6. ozziestacka

    ozziestacka New Member

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    It's very fatty. I almost felt sickened by it. That being said it wasn't proper Japanese wagyu so that could be why.
     
  7. heartastack

    heartastack Well-Known Member Silver Stacker

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    digging up old threads is a bit much in this case, no?
     
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  8. ozziestacka

    ozziestacka New Member

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    Not really. I'm new here so I was just looking around.
     

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