[UCGal]

[quote=svelte]Hmmm.

Why are food commodity prices dropping? I wouldn’t think people are eating less…ya gotta eat![/quote]

I’ve noticed some of my more upscale friends, who 2 years ago would insist on lunch in a full service restaurant, gradually shifting to counter service restaurants, then to brown bags.

As people eat their leftovers, rather than tossing them, they buy less food.

And high end brands are seeing a hit to sales. I have other friends who used to brag about shopping exclusively at Bristol Farms and Whole Foods (whole paycheck!). Now they’re shopping at Trader Joes and Ralphs.

People may be eating the same amount of food – but they’re watching their spending on food.

[UCGal]

[quote=svelte]Hmmm.

Why are food commodity prices dropping? I wouldn’t think people are eating less…ya gotta eat![/quote]

I’ve noticed some of my more upscale friends, who 2 years ago would insist on lunch in a full service restaurant, gradually shifting to counter service restaurants, then to brown bags.

As people eat their leftovers, rather than tossing them, they buy less food.

And high end brands are seeing a hit to sales. I have other friends who used to brag about shopping exclusively at Bristol Farms and Whole Foods (whole paycheck!). Now they’re shopping at Trader Joes and Ralphs.

People may be eating the same amount of food – but they’re watching their spending on food.

[UCGal]

[quote=svelte]Hmmm.

Why are food commodity prices dropping? I wouldn’t think people are eating less…ya gotta eat![/quote]

I’ve noticed some of my more upscale friends, who 2 years ago would insist on lunch in a full service restaurant, gradually shifting to counter service restaurants, then to brown bags.

As people eat their leftovers, rather than tossing them, they buy less food.

And high end brands are seeing a hit to sales. I have other friends who used to brag about shopping exclusively at Bristol Farms and Whole Foods (whole paycheck!). Now they’re shopping at Trader Joes and Ralphs.

People may be eating the same amount of food – but they’re watching their spending on food.

[UCGal]

[quote=partypup]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
[/quote]

But I can accumulate resources that will make me more self sufficient. Owning my home outright (no mortgage) is my short term goal, having a garden put in for food – checked that box already. Looking at making my home and garden more self sufficient/efficient from an energy/water point of view… etc.

Whatever “currency” is the thing in the future – I want to use the least amount of it to maintain my quality of life. This will benefit me in the long haul if fiat currency remains or goes away. I’ll be less dependent on whatever the currency is if I reduce my “needs”.

I don’t pretend to be able to out think the VPP, TPTB, whoever. The system is rigged against the individual in favor of the larger powers like Goldman and Bernanke, et al. It’s like trying to win at slots in Vegas – the odds are against you.

I see the risks in Gold as similar to the Equity markets. Highly manipulated, behind the scenes. Almost impossible for the little guy to beat them at their game.

I don’t know that you’re any better off with a mattress full of cash or a mattress full of gold if the system changes radically. You’re betting on gold. I’m not betting at all.

[UCGal]

[quote=partypup]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
[/quote]

But I can accumulate resources that will make me more self sufficient. Owning my home outright (no mortgage) is my short term goal, having a garden put in for food – checked that box already. Looking at making my home and garden more self sufficient/efficient from an energy/water point of view… etc.

Whatever “currency” is the thing in the future – I want to use the least amount of it to maintain my quality of life. This will benefit me in the long haul if fiat currency remains or goes away. I’ll be less dependent on whatever the currency is if I reduce my “needs”.

I don’t pretend to be able to out think the VPP, TPTB, whoever. The system is rigged against the individual in favor of the larger powers like Goldman and Bernanke, et al. It’s like trying to win at slots in Vegas – the odds are against you.

I see the risks in Gold as similar to the Equity markets. Highly manipulated, behind the scenes. Almost impossible for the little guy to beat them at their game.

I don’t know that you’re any better off with a mattress full of cash or a mattress full of gold if the system changes radically. You’re betting on gold. I’m not betting at all.

[UCGal]

[quote=partypup]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
[/quote]

But I can accumulate resources that will make me more self sufficient. Owning my home outright (no mortgage) is my short term goal, having a garden put in for food – checked that box already. Looking at making my home and garden more self sufficient/efficient from an energy/water point of view… etc.

Whatever “currency” is the thing in the future – I want to use the least amount of it to maintain my quality of life. This will benefit me in the long haul if fiat currency remains or goes away. I’ll be less dependent on whatever the currency is if I reduce my “needs”.

I don’t pretend to be able to out think the VPP, TPTB, whoever. The system is rigged against the individual in favor of the larger powers like Goldman and Bernanke, et al. It’s like trying to win at slots in Vegas – the odds are against you.

I see the risks in Gold as similar to the Equity markets. Highly manipulated, behind the scenes. Almost impossible for the little guy to beat them at their game.

I don’t know that you’re any better off with a mattress full of cash or a mattress full of gold if the system changes radically. You’re betting on gold. I’m not betting at all.

[UCGal]

[quote=partypup]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
[/quote]

But I can accumulate resources that will make me more self sufficient. Owning my home outright (no mortgage) is my short term goal, having a garden put in for food – checked that box already. Looking at making my home and garden more self sufficient/efficient from an energy/water point of view… etc.

Whatever “currency” is the thing in the future – I want to use the least amount of it to maintain my quality of life. This will benefit me in the long haul if fiat currency remains or goes away. I’ll be less dependent on whatever the currency is if I reduce my “needs”.

I don’t pretend to be able to out think the VPP, TPTB, whoever. The system is rigged against the individual in favor of the larger powers like Goldman and Bernanke, et al. It’s like trying to win at slots in Vegas – the odds are against you.

I see the risks in Gold as similar to the Equity markets. Highly manipulated, behind the scenes. Almost impossible for the little guy to beat them at their game.

I don’t know that you’re any better off with a mattress full of cash or a mattress full of gold if the system changes radically. You’re betting on gold. I’m not betting at all.

[UCGal]

[quote=partypup]
You can’t eat fiat paper either, but I bet you have tried to accumulate as much of that as possible in your life, haven’t you? 😉
[/quote]

But I can accumulate resources that will make me more self sufficient. Owning my home outright (no mortgage) is my short term goal, having a garden put in for food – checked that box already. Looking at making my home and garden more self sufficient/efficient from an energy/water point of view… etc.

Whatever “currency” is the thing in the future – I want to use the least amount of it to maintain my quality of life. This will benefit me in the long haul if fiat currency remains or goes away. I’ll be less dependent on whatever the currency is if I reduce my “needs”.

I don’t pretend to be able to out think the VPP, TPTB, whoever. The system is rigged against the individual in favor of the larger powers like Goldman and Bernanke, et al. It’s like trying to win at slots in Vegas – the odds are against you.

I see the risks in Gold as similar to the Equity markets. Highly manipulated, behind the scenes. Almost impossible for the little guy to beat them at their game.

I don’t know that you’re any better off with a mattress full of cash or a mattress full of gold if the system changes radically. You’re betting on gold. I’m not betting at all.

[UCGal]

[quote=scaredycat]UCGal — people are talking — but is anyone actually buying gold? does anyone have any of it in their IRA?

if concho’s scenario comes true, goldminers will go through the roof.[/quote]

We can’t have it in our 401ks – we have extra super-duper crappy/limited choices in our 401k.

Yes – they are buying gold. And gold mining stock. And gold ETFs. All forms. Different forms for different peeps – some are doing it for investment, some are doing it out of distrust of the central banking system, some wear tinfoil hats to work every day and go around muttering about radio waves in their heads.

But – my coworkers are buying gold. A lot of it if you can believe what they say.

[UCGal]

[quote=scaredycat]UCGal — people are talking — but is anyone actually buying gold? does anyone have any of it in their IRA?

if concho’s scenario comes true, goldminers will go through the roof.[/quote]

We can’t have it in our 401ks – we have extra super-duper crappy/limited choices in our 401k.

Yes – they are buying gold. And gold mining stock. And gold ETFs. All forms. Different forms for different peeps – some are doing it for investment, some are doing it out of distrust of the central banking system, some wear tinfoil hats to work every day and go around muttering about radio waves in their heads.

But – my coworkers are buying gold. A lot of it if you can believe what they say.

[UCGal]

[quote=scaredycat]UCGal — people are talking — but is anyone actually buying gold? does anyone have any of it in their IRA?

if concho’s scenario comes true, goldminers will go through the roof.[/quote]

We can’t have it in our 401ks – we have extra super-duper crappy/limited choices in our 401k.

Yes – they are buying gold. And gold mining stock. And gold ETFs. All forms. Different forms for different peeps – some are doing it for investment, some are doing it out of distrust of the central banking system, some wear tinfoil hats to work every day and go around muttering about radio waves in their heads.

But – my coworkers are buying gold. A lot of it if you can believe what they say.

[UCGal]

[quote=scaredycat]UCGal — people are talking — but is anyone actually buying gold? does anyone have any of it in their IRA?

if concho’s scenario comes true, goldminers will go through the roof.[/quote]

We can’t have it in our 401ks – we have extra super-duper crappy/limited choices in our 401k.

Yes – they are buying gold. And gold mining stock. And gold ETFs. All forms. Different forms for different peeps – some are doing it for investment, some are doing it out of distrust of the central banking system, some wear tinfoil hats to work every day and go around muttering about radio waves in their heads.

But – my coworkers are buying gold. A lot of it if you can believe what they say.

[UCGal]

[quote=scaredycat]UCGal — people are talking — but is anyone actually buying gold? does anyone have any of it in their IRA?

if concho’s scenario comes true, goldminers will go through the roof.[/quote]

We can’t have it in our 401ks – we have extra super-duper crappy/limited choices in our 401k.

Yes – they are buying gold. And gold mining stock. And gold ETFs. All forms. Different forms for different peeps – some are doing it for investment, some are doing it out of distrust of the central banking system, some wear tinfoil hats to work every day and go around muttering about radio waves in their heads.

But – my coworkers are buying gold. A lot of it if you can believe what they say.

[UCGal]

[quote=scaredycat]Check if anyone in your wrkplace buys gold. when it’s a topic of discussion, then the bubble is underway[/quote]

If that’s the criteria then it’s full on frothy bubble-iciousness. I work with a bunch of folks who sound amazingly like Partypup.

[UCGal]

[quote=scaredycat]Check if anyone in your wrkplace buys gold. when it’s a topic of discussion, then the bubble is underway[/quote]

If that’s the criteria then it’s full on frothy bubble-iciousness. I work with a bunch of folks who sound amazingly like Partypup.

[Author]

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