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Price Warnings Thread - Price Changes Which You Can Expect

Discussion in 'The Main Board' started by Atlas, Aug 5, 2019.

  1. hypnos

    hypnos Moderator Staff Member

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    I think if crypto is adopted on a large scale that it will push demand for PMs. I think most people are probably very worried about the fallout from that possible outcome.
     
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  2. twp

    twp Make DuckDuckGo.com Your Search Engine. Staff Member

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    If it is government controlled cryptos, which they certainly want to do, then we have lost the privacy aspect. With no backing (like PMs), it remains a gamble.

    With so many options in 'private' crypto vaults, I'm not going to attempt to bet on which one(s) will prove viable. I'll stick to PMs with only physical holdings (in my personal possession).
     
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  3. twp

    twp Make DuckDuckGo.com Your Search Engine. Staff Member

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    To return to the thread topic, I'm seeing more warnings about food commodities being in short supply. These include Pork, sugar and grains.

    I still think that the warehouses and silos are being emptied to hold the price down and prevent panic. That can only continue for a limited time, making the eventual price spike even worse than it should be.

    Watch meat prices which are dependent on grain (feed) prices.
     
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  4. hypnos

    hypnos Moderator Staff Member

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    Not sure what was off topic... it effects the market and you were referring to PMs weren't you?
     
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  5. hypnos

    hypnos Moderator Staff Member

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    Wisconsin is seeing some outbreaks of some type of food contamination, I don't recall if it is salmonella or what it is exactly. That could effect commodity prices and shortages of those commodities also.
     
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  6. twp

    twp Make DuckDuckGo.com Your Search Engine. Staff Member

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    Not off topic, just not what I was talking about wrt price changes.
     
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  7. old guy

    old guy Active Member

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    Prices are rising. Food shortages happening.
     
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  8. old guy

    old guy Active Member

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    Authored by Michael Snyder via The End of The American Dream blog,

    The global pig population is being absolutely decimated by a disease that does not have a cure. African Swine Fever, also commonly referred to as “Pig Ebola”, is raging out of control in dozens of countries all over the globe. It has a mortality rate of close to 100 percent, and once it hits an area even the pigs that are able to survive the disease are killed off in order to prevent it from spreading elsewhere. Unfortunately, African Swine Fever just continues to pop up in more locations. As you will see below, it is now sweeping through the heavily-populated nation of Indonesia.

    Nearly 270 million people live in Indonesia, and they are heavily dependent on pork as a source of protein. But of course the same thing could be said about almost all of the countries where African Swine Fever is currently raging.

    [​IMG]

    an Australian news source

    Experts say the disease has wiped out an estimated 25 per cent of the world’s pig population.

    The fever has been reported in around 50 countries, including China, Belgium, Slovakia, Cambodia, North Korea, South Korea, Vietnam and the Philippines.

    And this same figure is being quoted by the New York Daily News

    African swine fever has been reported in nearly 50 nations — including China, South Korea, the Philippines and Belgium — and it’s causing an incredible crisis on a global scale. Alarmingly, more than one-quarter of Earth’s pigs have been wiped out by the virulent disease.

    This should be front page news all across America, but of course the big news networks really don’t want to talk about anything other than the impeachment of Donald Trump these days.

    Unfortunately, everyone on the entire planet is going to feel the pain of this crisis as it continues to intensify. We are potentially facing a serious global pork shortage, and this disease continues to pop up in new areas. When it recently began spreading in Indonesia, it made headlines all over the globe. The following comes from Reuters

    Nearly 30,000 pigs have died from African swine fever (ASF) in Indonesia’s North Sumatra province as of Dec. 15, causing millions of dollars of economic losses as authorities try to quarantine the areas affected, officials said on Wednesday.

    The Agriculture Ministry has declared an outbreak of the highly contagious virus in the country and said it is contained only in some parts of North Sumatra, minister Syahrul Yasin Limpo told reporters.

    Asian countries rely very heavily on pork to feed their populations, and the severe losses that we are witnessing are not going to be easy to replace. At this point, Indonesia has become the 11th Asian nation where African Swine Fever is spreading…

    To date, 11 Asian countries have reported outbreaks since August 2018, including Indonesia, Mongolia, North Korea, South Korea, China, the Philippines, Vietnam, Laos, Cambodia, Myanmar and Timor-Leste.

    The epicenter for this crisis is in China. The Chinese produce and eat more pork than anyone else in the world, and it was recently projected that their hog herd “will likely shrink by 55% by the end of the year” due to this disease…

    China’s hog herd fell by half in the first eight months of 2019 due to a devastating outbreak of African swine fever and will likely shrink by 55% by the end of the year, analysts at Rabobank said on Wednesday.

    As I detailed in a previous article, it has been estimated that 150 million pigs have already died in China.

    To put that in perspective, there are only about 70 million pigs in the United States right now.

    So you could kill every pig in the United States twice and you would still not get to the total that have already died in China because of this epidemic.

    Needless to say, pork prices are absolutely soaring in China. They have more than doubled since this time last year, and in November we saw another huge jump in Chinese food inflation. The following comes from Zero Hedge

    As has been the case for the past year, the culprit behind the headline CPI surge was food inflation, which accelerated further to a record +19.1% in November from +15.5% in October, primarily on higher inflation in fresh vegetable and pork prices.

    So what is the bottom line?

    “the perfect storm”, and most people have absolutely no idea what is ahead of us.

    Even if you don’t eat pork, this is a story that you need to keep a very close eye on, because this is going to push up food prices everywhere. Demand for beef, chicken and fish will increase as pork becomes more expensive and consumers turn to other options. And in some of the poorer places around the world, some impoverished families may have to start cutting meat out of their diets entirely.

    We have never seen a crisis quite like this in any of our lifetimes. Despite all of our advanced technology, we are still dependent on farmers to produce the food that we eat, and this is truly an existential crisis for the entire global pork industry.

    There is no way to spin this to make it sound nicer. Many are hoping that this outbreak will subside eventually, but right now it doesn’t look like that will happen.

    And once this disease reaches the United States, we will start to experience the same panic that is already sweeping through nearly 50 other nations around the globe.

     
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  9. twp

    twp Make DuckDuckGo.com Your Search Engine. Staff Member

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    Looks like MSM is avoiding this story like the plague, no pun intended.
    Yet our pork prices are holding steady.
    How about your prices for pork?
     
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  10. old guy

    old guy Active Member

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    Prices are holding steady here, but it only takes one snowflake to start an avalanche.
     
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  11. Atlas

    Atlas Administrator Staff Member

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    Short answer. Eat bacon now.
     
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  12. twp

    twp Make DuckDuckGo.com Your Search Engine. Staff Member

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    Wish I had room to freeze a whole hog... It could become valuable trade goods in a few months.
     
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  13. Atlas

    Atlas Administrator Staff Member

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    The price of steel has doubled in the last year. I went to build a second rack for a trailer to duplicate one that I built last spring and the raw materials cost twice as much. I don't see this going down anytime soon, so if you have a project upcoming, do it soon!
     
  14. twp

    twp Make DuckDuckGo.com Your Search Engine. Staff Member

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    Pharmaceuticals are being predicted to spike, due to China not being able to produce them.
    The time for US manufacturers to toolup and start production is, at a minimum, months and perhaps over a year.
    I have not priced these, so I have no comparison numbers to offer.
     
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  15. Atlas

    Atlas Administrator Staff Member

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    If things keep going this way in China we can expect price hikes in just about everything.
     
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  16. WolfBrother

    WolfBrother Well-Known Member

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    Yup - best guess - big time.
     
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  17. jimLE

    jimLE Well-Known Member

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    i have all of the over the counter pain killer i need.i need more allergy pills.and cough syrup thoe
     
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