Quote from: elmerfudd on March 29, 2012, 11:39:57 AM
Watch those shelf lives, now. 

This kind of reminds me of the Y2K scare.  Planes were going to fall from the sky, the grid was going to shut down, and I know one man who says his family is still wiping their butts with toilet paper his wife stocked up on during 1999 "just in case."  At least toilet paper has a pretty long shelf life.   

So you're saying that its stupid to buy items while they're still affordable?

Quote from: Solar on March 29, 2012, 12:06:29 PM
So you're saying that its stupid to buy items while they're still affordable?

No. But I am saying there may be some over reaction here. We've had double digits before and I don't remember widespread starvation.  It's a free country. Stock up all you want. 

Quote from: elmerfudd on March 29, 2012, 12:48:43 PM
No. But I am saying there may be some over reaction here. We've had double digits before and I don't remember widespread starvation.  It's a free country. Stock up all you want. 

I doubt that's why people are stocking up, I know its not why I am.
I expect at least a 30% price increase on most items, stocking up is a good way to hedge against price increases.

Quote from: Solar on March 29, 2012, 04:38:34 PM
I doubt that's why people are stocking up, I know its not why I am.
I expect at least a 30% price increase on most items, stocking up is a good way to hedge against price increases.

Certainly is.  How soon do you expect to see this minimum 30% price increase on most items? 

Gold is generally believed to be a pretty good asset to acquire in advance of inlation, too.  Especially hyper inflation, which we have never had and I predict will not have any time soon.

Quote from: elmerfudd on March 29, 2012, 05:29:11 PM
Certainly is.  How soon do you expect to see this minimum 30% price increase on most items? 

Gold is generally believed to be a pretty good asset to acquire in advance of inlation, too.  Especially hyper inflation, which we have never had and I predict will not have any time soon.

I doubt gold is going to increase enough to warrant a major investment, its pretty much seen all the growth the mkt can handle.
Besides, you can't eat gold.

We keep a rotating stock of food stuffs, that so far has saved us a lot of money.
By buying in bulk early on, we have already seen an average of 3% increase across the board.
With the growing and harvest season coming on, coupled by major high fuel costs, you can bet everything you buy over the next year will reflect those costs as they are passed along to the end user.

Fudd, this is a no brainer, why is it you can't see the forest for the trees?

Quote from: Solar on March 29, 2012, 07:07:31 PM
I doubt gold is going to increase enough to warrant a major investment, its pretty much seen all the growth the mkt can handle.
Besides, you can't eat gold.

We keep a rotating stock of food stuffs, that so far has saved us a lot of money.
By buying in bulk early on, we have already seen an average of 3% increase across the board.
With the growing and harvest season coming on, coupled by major high fuel costs, you can bet everything you buy over the next year will reflect those costs as they are passed along to the end user.

Fudd, this is a no brainer, why is it you can't see the forest for the trees?

Just don't have your intellect, I guess. For which I am thankful.

Gold may have seen its peak in the current environment, but if there is double digit inflation, what then?  You think gold will stay pat?

Quote from: elmerfudd on March 29, 2012, 07:24:10 PM
Just don't have your intellect, I guess. For which I am thankful.

Gold may have seen its peak in the current environment, but if there is double digit inflation, what then?  You think gold will stay pat?

But you said we won't see double inflation?
Can't have it both ways ya know.

Your average citizen doesn't have the funds to enter that market, but more than likely will look for better ways to offset rising costs, hence his point about stocking up on food stuffs.

Personally I buy  a thousand gallons of fuel at a time, we have already saved three hundred bucks by buying several months ago.
I could sell it at a profit if I were inclined, but will sit on it because the price will most likely hit $5.00+ per gallon before the summer is over.
You see, there are better investments than gambling on the mkt which may or may not pan out.
Like I said, you can't eat gold.
I'm on record in advising gold investment back before it started its rapid ascent, but I no longer think its a good deal.

Quote from: Solar on March 29, 2012, 07:48:40 PM
But you said we won't see double inflation?
Can't have it both ways ya know.

Your average citizen doesn't have the funds to enter that market, but more than likely will look for better ways to offset rising costs, hence his point about stocking up on food stuffs.

Personally I buy  a thousand gallons of fuel at a time, we have already saved three hundred bucks by buying several months ago.
I could sell it at a profit if I were inclined, but will sit on it because the price will most likely hit $5.00+ per gallon before the summer is over.
You see, there are better investments than gambling on the mkt which may or may not pan out.
Like I said, you can't eat gold.
I'm on record in advising gold investment back before it started its rapid ascent, but I no longer think its a good deal.

Not trying to have it both ways.  I don't think we'll see double digit inflation any time soon.  But you do.  So I was asking your opinion about gold IF we have double digit inflation.  That's all.  You answered it. I am not buying gold, either.  Nor have I invested in a tank that will hold a thousand gallons of fuel. 

Can't eat fuel, either.  But you can sell it for a profit.  Could sell gold, too, if it rises in value.  If we have hyper inflation, it will rise in value.  So will fuel. 

Quote from: elmerfudd on March 30, 2012, 12:21:03 PM
Not trying to have it both ways.  I don't think we'll see double digit inflation any time soon.  But you do.  So I was asking your opinion about gold IF we have double digit inflation.  That's all.  You answered it. I am not buying gold, either.  Nor have I invested in a tank that will hold a thousand gallons of fuel. 

Can't eat fuel, either.  But you can sell it for a profit.  Could sell gold, too, if it rises in value.  If we have hyper inflation, it will rise in value.  So will fuel. 

No, I have no idea what's going to happen, if I did, I'd be the richest guy on  the planet.
What I do know is, you invest in what will be in demand in the short term (year or two) and my choice was fuel.
I can either use it or barter with it, gold on the other hand may get rejected by the population if things were to get tough.
People won't have all that much disposable income, so gold will not be looking good for the average guy.
Ben Franklin was right when he said, "invest in what you can eat or burn".

Quote from: Solar on March 30, 2012, 01:53:33 PM
No, I have no idea what's going to happen, if I did, I'd be the richest guy on  the planet.
What I do know is, you invest in what will be in demand in the short term (year or two) and my choice was fuel.
I can either use it or barter with it, gold on the other hand may get rejected by the population if things were to get tough.
People won't have all that much disposable income, so gold will not be looking good for the average guy.
Ben Franklin was right when he said, "invest in what you can eat or burn".

Your replies 1 and 6 seem to indicate that at one time you were pretty sure big time inflation was just around the corner.  Now you have no idea?

Quote from: elmerfudd on March 31, 2012, 03:15:08 PM
Your replies 1 and 6 seem to indicate that at one time you were pretty sure big time inflation was just around the corner.  Now you have no idea?

Only a fool would think otherwise.
As to the amount? Like I said, if I knew, I'd make millions.

Are you seriously trying to tell me the amount of debt accumulated under hussein, will come without consequences?
Do you think prices aren't going to escalate when the economy begins a serious recovery?

Quote from: Solar on March 31, 2012, 03:33:44 PM
Only a fool would think otherwise.
As to the amount? Like I said, if I knew, I'd make millions.

Are you seriously trying to tell me the amount of debt accumulated under hussein, will come without consequences?
Do you think prices aren't going to escalate when the economy begins a serious recovery?

No debt comes without consequences.  The tripling of the debt under St. Ronald probably had some, too. 

Prices will certainly rise when the economy recovers.  A little inflation is actually a good thing.  It's hyper inflation that's bad.  Deflation is even worse, especially psychologically. 

I just heard Wall Street had its best first quarter since 1998.  Things must be looking up, huh?

Quote from: elmerfudd on March 31, 2012, 03:40:48 PM
No debt comes without consequences.  The tripling of the debt under St. Ronald probably had some, too. 

Prices will certainly rise when the economy recovers.  A little inflation is actually a good thing.  It's hyper inflation that's bad.  Deflation is even worse, especially psychologically. 

I just heard Wall Street had its best first quarter since 1998.  Things must be looking up, huh?

So you think it will be a little?
What is a little?
And Wall st is more complicated than you think, much of it has to do with Europe's headache, thats why the big gain in financial.
However utilities took a big hit.
Most of this has little to do with consumer confidence, some, but little.

Quote from: Solar on March 31, 2012, 04:08:53 PM
So you think it will be a little?
What is a little?
And Wall st is more complicated than you think, much of it has to do with Europe's headache, thats why the big gain in financial.
However utilities took a big hit.
Most of this has little to do with consumer confidence, some, but little.

5%, 6% is a livable number. 

Wall Street is more complicated than anybody thinks.  It's irrational is what it is.  Consumer spending is up even though incomes are relatively stagnant.  Even my consumer spending is up a little, but that's only because the missus has decided to spend some of our savings on a few housing improvements.  Not big stuff, just a few thousand bucks. 

Quote from: elmerfudd on March 31, 2012, 04:44:01 PM
5%, 6% is a livable number. 

Wall Street is more complicated than anybody thinks.  It's irrational is what it is.  Consumer spending is up even though incomes are relatively stagnant.  Even my consumer spending is up a little, but that's only because the missus has decided to spend some of our savings on a few housing improvements.  Not big stuff, just a few thousand bucks. 

I don't know if thats livable, but it depends on unemployment numbers.
Though I agree, Wall st. is a rather poor gauge at anytime, unless its been stable for a longer period than a year.