What are Canada's biggest problems?
- Thread starter JLM
- Start date
It appears to have slipped your mind Colpy-as well as those of the others who replied to this bit of content- that nowhere did Angstrom say that housing and precious metals have appreciated in value equally over time. The price of the home your family bought and sold is quite different. Gold and silver bullion for instance do not require the same types of maintenance, which can depreciate the value of homes. Also housing markets are wildly different depending on the local economy, whereas gold is a commodity, and the price doesn't change a great deal except for between markets like London and New York for example.
But you're right about the baloney part. I checked out the historical prices of gold, and 70 years ago it was $35 an ounce on the New York market. At today's price, $5000 worth of 1940 gold would buy you a house worth a little under $225K.
So what you are saying is gold has pretty well kept pace with inflation? Sounds reasonable.
There is the guy who posts on these board that has been telling people for years "do you want a great investment , buy gold or silver".
I wonder if anyone listened to that asshole and made any money too?
Yes, exactly my point. If you buy gold in Vancouver, it's the same price as Colpy will pay in Saint John. Housing, vastly different markets.
Maybe that guy was getting it from Glenn Beck.....who has been saying the same thing thing for years...
Don't forget to take your meds while you are there. And watch you don't get your tinfoil hat hung up in the doorway.
Of far greater concern is the NDP belonging to the world socialist movement.
Nah this other asshole has been around far longer than Beck.Maybe that guy was getting it from Glenn Beck.....who has been saying the same thing thing for years...
You're right not many have doubled in value but a lot have doubled in cost. Bread for one, eggs for another.
Since 2008? Agriculture Canada says Grade A large table eggs were $1.85 a dozen for the week ending August 2 in 2008 in British Columbia. The most recent market report lists Grade A large table eggs at $1.98 a dozen for the week ending July 23, 2008 in British Columbia.
That's hardly doubled in cost.
Price alone is a ****ty index when it comes to groceries. I've notice mass and volume of products have dropped and prices have increased. Items like some cereals were once 450gr are now 375gr but the price is similar.
You really have to be careful with bacon historically in 500g packages but now some are in 375g packages. You'll have a hard time in B.C. finding grade A large eggs for under $2.60 a dozen. A lot of meat has doubled in the past 3-4 years.
Yes, but twelve large eggs is twelve large eggs. Agriculture Canada reports prices for standardized measures, like $/kg, or like this case the price of a dozen eggs for various sizes and grades.
Large eggs today are about the same size and mass as medium eggs 2 years ago . They even created a new category. Peewee.
Even cigarettes....TMs used to weigh one gram now they weigh .8gr and cheap brands weigh .7gr
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And out here in the middle of nowhere , B.C. the price of everything is almost double that of anywhere else. Transportation costs, ya know (My ass!) Overpricee has a monopoly in this burg.