[quote=CA renter][quote=harvey][quote=CA renter]It’s speculation if a person is buying (or selling) an existing asset in the anticipation of selling (or buying) at a higher (or lower) price.[/quote]

So the local grocery store is speculating with every can of beans on the shelf?[/quote]

We’ve discussed the grocery store issue before. They are providing a service because they make it more convenient for people to obtain the goods they need and also make it easier for the farmers/producers to sell in large batches to a few buyers vs. having to sell onsie-twosie to every individual purchaser. That being said, some would argue that it’s better for everyone to simply buy at farmers’ markets, but most of us like the convenience of having a grocery store that is open more hours/days. Speculators don’t provide any similar benefits.[/quote]

grocery stores only sell a tiny bit of food. Most if the store is packaged processed crap.