Loading ...Also the US Dollar is going nuts to the upside which is putting a big headwind in front of the commodities “priced in dollars” on the futures markets. If USD was down under 80 where it belongs historically, all these commodities would be a lot HIGHER!!
This abnormal situation could be signaling that the USD replacement (federal reserve note) is really crashing or getting very weak in its old age. It doesn’t have or losing the power or respect it used to have. The whole global currency system is fundamentally flawed, and I’m surprised it lasted this long.
Gold, the REAL USD, is gaining respect, gaining purchasing power, even silver. A Silver quarter used to buy a gallon of gas. A Silver quarter today is $5.61 so buys MORE than a gallon. A $1000 bag of junk Silver coins $22,458.
That 22.46 times face value of any silver coins. A Silver dime is $2.25 today. An old Silver Half dollar is $11.23, very cheap, compared to a meatball hero. That 20 X fits with my 20 times factor on adjusting for inflation. Falling value of Fed Notes. Most things cost 20 times more for the same item.