Some time ago this board was engaged in an inflation deflation debate.
Most of us have seen this by now but I thought I'd post it anyway.
- Oil is at $89 a barrel, up 21% in the last year.
- Gold is trading at $1,413, up 23% in the last year.
- Silver is trading at $30, up 66% in the last year.
- Copper is trading at 4 per pound, up 26% in the last year.
- Corn is trading at 573 a bushel, up 49% in the last year.
- Soybeans are trading at 1,300 a bushel, up 23% in the last year.
- Wheat is trading at 779 a bushel, up 41% in the last year.
- Pork is trading at 104 a pound, up 23% in the last year.
- Beef is trading at 106 a pound, up 28% in the last year.
- Cotton is trading at 130 per pound, up 78% in the last year.
- Sugar is trading at 29 per pound, up 32% in the last year.
- Coffee is trading at 205 per pound, up 40% in the last year.
Just wait until these increases hit the retail market.
P.