Prices.... Going Up!!!

[dfunghi]

The way I handle tips, is to hand the money to the person I feel 'deserves' the tip.. if I put a 'tip' on my tab it's for the establishment, they share it.. if one person stands out, the cash goes in their pocket.. I don't work in a 'tip' environment, and don't expect em..(I'm paid for what I do)..

Precious metals are an investment, based on speculation, like any other investment..
Stocks, bonds, etf's, are paper(like money).. physical precious metal, if you bought it at the right time, is definitely a good hedge..

And for transparency, I also have paper investments in at least a few of the corp's @Mystic mentioned..

TIPS are a type of inflation adjusted bonds the government sells, not referring to gratuities.

 

[SoCal Sam]

$5.59 per gallon at Costco this morning. Inflation is not temporary, grandpa.

 

[GChief]

$5.59 per gallon at Costco this morning. Inflation is not temporary, grandpa.

It was headed back up here. Went from $4.39 down to $3.96 last week. Drive to TSC this morning, it was still $3.96. On the way back it was up to $4.09.

 

[Swokie63]

TIPS are a type of inflation adjusted bonds the government sells, not referring to gratuities.

They used to be called savings accts.. banks just keep it for themselves now..
Or sell CD's( not digital music variety).. I actually have a few of those also, they don't pay much, but the paper should still be there in 10 or 15 years, when I decide to pull it out..

Thank you for clearing that up for me..

 

[highvoltage_]

first inhalation calculator that popped up

But, I didn't inhale!

 

[hjames]

political comments have all flown away ...

 

[usedto]

Gas was $5.099 at the local Flying J yesterday.

 

[tnmike1]

Maybe a rinse every once in a while will help you out quite a bit.

Don't forget this... (saltsgone.com)

I am a saltwater boater and just water and or soap just isn't enough.

The coils of the units rust. Flagler County is noted for its salt laden atmosphere. Everything metal left outside tends to rust. Rinses won't help

 

[dfunghi]

They used to be called savings accts.. banks just keep it for themselves now..
Or sell CD's( not digital music variety).. I actually have a few of those also, they don't pay much, but the paper should still be there in 10 or 15 years, when I decide to pull it out..

Thank you for clearing that up for me..

https://www.investopedia.com/terms/t/tips.asp

 

[Swokie63]

https://www.investopedia.com/terms/t/tips.asp

I googled it and read that same link..

Thanks again..

 

[dfunghi]

I googled it and read that same link..

Thanks again..

Then you can see my point that inflation running above 5% yet TIPS still yield squat. No inflation hedge even in products specifically designed for that purpose.

Pathetic.

 

[quiet]

Today's generator 87 gas, $3.67. No change here.
Two basic 48 inch vanity tops at the big store, $200, each. F that. Went to the local big church that collects donations all week and opens for business sat 9 to 2. Cost was $50 for the pair. But, they were about $20 last year. They're going to look nice in the new bathrooms.
The big store also had plenty of 1/2 osb for -------SIXTY EIGHT------- $$$$$$$$$$$$ a sheet. Decided I don't need any today.

 

[Swokie63]

Then you can see my point that inflation running above 5% yet TIPS still yield squat. No inflation hedge even in products specifically designed for that purpose.

Pathetic.

To be completely honest, and it was obvious, I didn't know anything about TIPS..
But I now understand your point..
I will however go back to my post.
A person shouldn't wait for inflation to go above a certain number before finding a hedge against it..
If they had invested in tips or precious metals or whatever 5 or 10 years ago, and let it rollover, then they would have a hedge..
Speculation and risk ,of course, on most any investments..

 

[SolderIron]

Went out to the city yesterday shopping after 1.5 to 2 years.
Buying the same stuff and eating in the same places.
New total cost is 1.75X to 2X of what it was before.

 

[dfunghi]

Local bagel shop went from $1.85 for bagel and cream cheese to $2.75 with a very short stop at $2.25 for a few weeks. Also putting way less cream cheese on.
The sad part is the tip jar suffers. I would hand $3 and say keep the change. $4 now is a 33.3% cost hike. That is serious inflation. The tip is a much smaller percentage of cost now and costs me more.

 

[Mystic]

@kryton79 Now I know why I see old retired guys delivering pizza!

We saw that trending up more than a decade ago in LA Basin... @ least back to the DOT COM bust.

 

[Supercool!]

Inflation; free wheeling here so forgive me in advance JMTC YMMV...

Gas...Russia...what would you want to do? Forget history ...we'll be doomed to repeat it! Took 20 years to finally stand up and stand firm....should have done this a lot sooner and also embraced clean energy.

Prices/labor shortages...pandemic...reordering of the labor and supply markets....what did you expect? Finally the FED will be forced to end corporate welfare and raise interest rates...benefit to savers...return on savings without risk in a computer driven Hedge fund tilted market..0% interest rates are far more adventageous to corporate interests who are in a position to invest free money = 15 years of corporate welfare now. ...and don't get me started on tax cuts to the wealthy with no sunsets..how do you justify that?

Price gouging...Americans have learned to be greedy weather or not their costs have significantly increased. So some inflation is warranted but in some cases people use the bandwagon as an excuse.

Markets: will eventually cause moderation as people start to cut back on the BS they have learned to waste money on like $125 Mobile Fidelity one step records in stupid unnecessary boxes with foam filler that will turn to dust in 20 years ( haven't we learned anything from old classical records)...or the subscription lifestyle..

It might be nice to pare back spending..get back to basics...find entertainment in family and friends...cook...oh my!...but yes there is pain for some and that is sad but wages have gone up also. Who would deny that $15/hour minimum wage is long overdue as a barely living wage.

Fairness, sharing, take enough but not more than you need..end greed, end hoarding, end getting over at the expense of our fellows..we have absorbed some pathetic values...things will work out..I truly hope...everything rebalances with time. Of course there are caveats to all of this..

Peace to all...

Perhaps this will result in a long overdue re-ordering of American priorities?

 

[quiet]

It's hard to want only what you need. And be glad to have it.

 

[NH-MAN]

It's hard to want only what you need. And be glad to have it.

Not really, just smart, it's how I have always lived my life. Never had a need for the latest and greatest thanks to my Parents who made good money but saved and spent it wisely, I taught my kids the same. Yes I am paying more for things but it in no way affects my world in general.

Look around you if you get ill like I did 8 years ago and had to walk away from a very well paying job would your world fall apart? Mine didn't and I still have all I had. Thanks mom and dad.

 

[spicer]

It's hard to want only what you need. And be glad to have it.

Seems to be the way but not if one doesn't have anything, as in extreme, and by that I mean real poverty where everyday is struggle to survive for food to eat and heat for warmth. What makes it hard is lack of humility and luxury above what one actually needs. No person here is in poverty, guess would be few have witnessed extreme poverty and it's twin, starvation. It's good to prosper and keep perspective. Makes one appreciative what they have.