Author Topic: Discussion of Gold and All Items Pertaining to It  (Read 2085 times)

Walter Johnson

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  Rosster gona roost

  Hamster gon hamst

  Silver gonna rise and shine   ;)

                                                                   

 Two Hundred Year Silver Chart

After conferring with my colleagues, this unorthodox answer shall stand, I think they know better than oppose WJ the 4th yuk yuk.

But the final trial, can you solve the conundrum; When is a silver bar worth more than a gold bar and how much can a grizzly bear?



                                                                   

Golden Oxen

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Quote
After conferring with my colleagues, this unorthodox answer shall stand, I think they know better than oppose WJ the 4th yuk yuk.

But the final trial, can you solve the conundrum; When is a silver bar worth more than a gold bar and how much can a grizzly bear?

When the silver bar is 100oz and the Gold bar is 1oz  ;)

A Grizzly can bear four at most, usually two.

Golden Oxen

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Golden Oxen

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Golden Oxen

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The Meat Crisis Is Here: Price Of Shrimp Up 61% – 7 Million Pigs Dead – Beef At All-Time High
By Michael Snyder, on May 15th, 2014


   

 As the price of meat continues to skyrocket, will it soon be considered a "luxury item" for most American families?  This week we learned that the price of meat in the United States rose at the fastest pace in more than 10 years last month.  Leading the way is the price of shrimp.  According to the U.S. Bureau of Labor Statistics, the price of shrimp has jumped an astounding 61 percent compared to a year ago.  The price of pork is also moving upward aggressively thanks to a disease which has already killed about 10 percent of all of the pigs in the entire country. And the endless drought in the western half of the country has caused the size of the U.S. cattle herd to shrink to a 63 year low and has pushed the price of beef to an all-time high.  This is really bad news if you like to eat meat.  The truth is that the coming "meat crisis" is already here, and it looks like it is going to get a lot worse in the months ahead.

A devastating bacterial disease called "early mortality syndrome" is crippling the shrimping industry all over Asia right now.  According to Bloomberg, this has pushed the price of shrimp up 61 percent over the past 12 months...

    In March, shrimp prices jumped 61 percent from a year earlier, according to the U.S. Bureau of Labor Statistics. The climb is mainly due to a bacterial disease known as early mortality syndrome. While the ailment has no effect on humans, it’s wreaking havoc on young shrimp farmed in Southeast Asia, shrinking supplies.

This disease has an extremely high mortality rate.  In fact, according to the article that I just quoted, it kills approximately nine out of every ten shrimp that it infects...

    Cases of early mortality syndrome, which destroys the digestive systems of young shrimp, were first reported in China in 2009, said Donald Lightner, a professor of animal and comparative biomedical sciences at University of Arizona in Tucson.

    The disease, which kills about 90 percent of the shrimp it infects, traveled from China to Vietnam to Malaysia and then to Thailand, he said. Cases also were reported in Mexico last year, Lightner said.

A different disease is driving up the price of pork in the United States.  It is known as the porcine epidemic diarrhea virus, and in less than a year it has spread to 30 states and has killed approximately 7 million pigs.

The price of bacon is already up 13.1 percent over the past year, but this is just the beginning.

It is being projected that U.S. pork production could be down by as much as 10 percent this year, and Americans could end up paying up to 20 percent more for pork by the end of 2014.

The price of beef has also moved to unprecedented heights.  Thanks to the crippling drought that never seems to end in the western half of the nation, the size of the U.S. cattle herd has been declining for seven years in a row, and it is now the smallest that is has been since 1951.

Over the past year, the price of ground chuck beef is up 5.9 percent.  It would have been worse, but ranchers have been slaughtering lots of cattle in order to thin their herds in a desperate attempt to get through this drought.  If this drought does not end soon, the price of beef is going to go much, much higher.

As prices for shrimp, pork and beef have risen, many consumers have been eating more chicken.  But the price of chicken is rising rapidly as well.

In fact, the price of chicken breast is up 12.4 percent over the past 12 months.


Unfortunately, this could just be the very beginning of this meat crisis.  As I wrote about recently, some scientists are warning that we could potentially be facing "a century-long megadrought".

And right now, there are no signs that the drought out west is letting up.  Just check out the map posted below.  It comes from the U.S. Drought Monitor, and it shows how the drought in California has significantly intensified since the beginning of the year...

And considering how much the rest of the nation relies on the agricultural production coming out of California, it is very alarming to see that the drought is getting even worse.

Right now, things are so bone dry in most of the state that it is easy for wildfires to get out of control.  In fact, Governor Jerry Brown has just declared a state of emergency in San Diego County because of the vicious wildfires that are raging there...

    Officials ordered another round of evacuations early Thursday north of San Diego as gusty winds and near 100-degree temperatures offer little relief from at least nine fires that have consumed a 14-square mile area of Southern California.

    Gov. Jerry Brown declared a state of emergency for San Diego County, which frees up special resources and funding for the firefight.

    The fires, coming earlier than normal in the wildfire season, are being fed by brush and trees left brittle by prolonged drought. They are also being whipped by a Santa Ana wind system that reverses the normal flow of wind from the Pacific Ocean and creates tinderbox fire conditions.

    For the first time in its 14-year-history, the U.S. Drought Monitor, a federal website that tracks drought, designated the entire state of California as in a severe (or worse) drought.

If you do not live out west, you may have no idea how very serious this all really is.

For years, I have been warning about the potential for dust bowl conditions to return to the western half of the country.

Now it is actually starting to happen.

And we already have tens of millions of people in this country that are struggling to feed themselves.  If you doubt this, please see my previous article entitled "Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity".


So what happens if drought, diseases and plagues continue to cause food production in this country to plummet?

Those that have studied these things tell us that there is a clear correlation between food prices and civil unrest.  For example, the following is a short excerpt from a recent Scientific American article...

    Since the beginning of 2014, riots have occurred in countries including Thailand and Venezuela. Although they’re different cultures on different continents, these mass protests movements may all have one commonality; increasing food prices may have contributed to their occurrence. The cost of food has been steadily increasing in both Thailand and Venezuela; last month demonstrators in Caracas took to the streets marching with empty pots to protest food shortages. According to Dr. Yaneer Bar-Yam and fellow researchers at the New England Complex Systems Institute (NECSI), events such as these may be anticipated by a mathematical model that examines rising food costs.

    The events of 2014 aren’t without precedent; the price of food has provoked (and placated) throughout history, beginning in Imperial Rome when Augustus introduced grain subsidies. In recent years, the Middle East has been particularly affected by the cost of grain. Centuries after Egypt developed bread as we recognize it, the nation experienced a bread intifada – the country rioted for two days in January 1977 following Anwar Sadat’s decision to drastically decrease food subsidies. More recently, under the rule of Hosni Mubarak, the price of grain rose 30 percent between 2010 and 2011. Then, on January 25, 2011 a new revolution began in Egypt.

Could rapidly rising food prices cause civil unrest in the United States eventually?

It won't happen today, and it won't happen tomorrow, but some day it might.

Meanwhile, you might want to start carving out a significantly larger portion of the family budget for food for the foreseeable future.

theeconomiccollapseblog.com/archives/the-meat-crisis-is-here-price-of-shrimp-up-61-7-million-pigs-dead-beef-at-all-time-high

Golden Oxen

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Demand for Gold in China & India Collapses by 55%

     

The latest tracking of gold being consumed in China and India has revealed a declining demand. Mainland China’s demand for gold fell 18% in the first quarter of the year as investors bought fewer bars and coins, offsetting record demand for jewelry, according to the latest trend report from the World Gold Council based in London.

The World Gold Council reported that Chinese purchases declined to 263.2 tonnes, despite a 10% rise in jewelry consumption to a new record levels. The decline in investment demand for bars and coins was a staggering drop of 55% to 60 tonnes.

Meanwhile, there remains the insistent forecasts of some who still argue that Gold, and nothing else, is going to $50,000 while retaining its full purchasing power, based on arguments on the Central banks balance sheets how they are accumulating Gold and SDR in their assets holdings. This of course is just insane. It does not even grasp that government is going in the opposite direction raising taxes, hunting money, and by no means would ever adopt a gold standard for then politicians would have to stop rolling out unfunded programs. This nonsense will continue to cause massive losses among the naive and once they lose their shirt, they do not return so easily.

http://armstrongeconomics.com/2014/05/21/demand-for-gold-in-china-india-collapses-by-55/



jdwheeler42

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Meanwhile, there remains the insistent forecasts of some who still argue that Gold, and nothing else, is going to $50,000 while retaining its full purchasing power, based on arguments on the Central banks balance sheets how they are accumulating Gold and SDR in their assets holdings.

Is this true, GO, or is this just a strawman argument?  It's not the claim of $50,000, I've heard that before, but only in the context of the dollar becoming so devalued that a candy bar would be $40 and gasoline would be $150 a gallon.

Golden Oxen

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Meanwhile, there remains the insistent forecasts of some who still argue that Gold, and nothing else, is going to $50,000 while retaining its full purchasing power, based on arguments on the Central banks balance sheets how they are accumulating Gold and SDR in their assets holdings.

Is this true, GO, or is this just a strawman argument?  It's not the claim of $50,000, I've heard that before, but only in the context of the dollar becoming so devalued that a candy bar would be $40 and gasoline would be $150 a gallon.

HI JD, Just strawman stuff. The sane and sober in the Gold bug group talk 3500 to 5000 max. I like to keep an open mind on such matters but 50,000 seems like a stretch, one has to wonder of the state of affairs under such a scenario, or 150 dollar a gallon gas as well. Not a world where many would be living in  is my take on it.

Of course such madness did occur in many hyperinflations throughout history, so it is hard to rule out anything completely. My sincere hope is that we return to sound gold and silver based money before such insanity destroys our country and way of life.