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

Roswell Crash Survivor

Roswell Crash Survivor

Well-Known Member
Silver Stacker
Cow Stacking? Wheres...the beef?

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

Bloomberg said:
At the InterContinental Hotel Steak House in Hong Kong, the 14-ounce Wagyu rib eye from Japan tops the price list at HK$2,400 ($310). The most costly bite-for-bite is a tenderloin weighing 8 standard ounces going for HK$2,180, the equivalent of $38.54 per troy ounce, the unit of measurement for precious metals. Silver traded today at about $19.95 per troy ounce.
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Note: All dollar amounts in USD unless otherwise noted.
 
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.
 
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.
 
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
 
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.
 
Altima said:
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.
Click to expand...
It's very fatty. I almost felt sickened by it. That being said it wasn't proper Japanese wagyu so that could be why.
 
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