Will mineral values go up now that over $1.93 trillion wiped out from the US stock market so far today?

[pepperj]

Hmmmm........... I understand it correctly........
One U.S. dollar for two Canadian dollars.

Yep sounds about right.
:P

I needed a $10 US note and it cost me $14.11 on Monday.

 

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[pepperj]

 

[Bucket Lister]

I needed a $10 US note and it cost me $14.11 on Monday.

How does that work without pennies?
If you pay cash, is it $14.15?

 

[pepperj]

How does that work without pennies?
If you pay cash, is it $14.15?

Round down $14.10
If it was $14.126 then round up to $14.15

 

[Bucket Lister]

Round down $14.10
If it was $14.126 then round up to $14.15

TBH, I'm amazed they would round down. 😲
They never did around here when calculating to the nearest cent--always rounded up (e.g. Office Space, Superman III).

 

[pepperj]

TBH, I'm amazed they would round down. 😲
They never did around here when calculating to the nearest cent--always rounded up (e.g. Office Space, Superman III).

When they eliminated the penny it was a round up or round down when paying cash.
CC/Debit/anything on paper it's still the value stated.

 

[ARC]

I needed a $10 US note and it cost me $14.11 on Monday.

Sheesh.... how many ten dollar bills do you need Pepps... i will give em to ya at a massively lower rate.

$14

:P

PS... jfyi.... during the covid dealio... $10 bills... for whatever reason.... were scarce.

 

[Bucket Lister]

PS... jfyi.... during the covid dealio... $10 bills... for whatever reason.... were scarce.

Weren't people using them for TP during the early hoarding shortage? 😁 (JK)

 

[russau]

I heard it said that gold should reach the $5000. mark I guess we will have to see if it does !

 

[Bucket Lister]

I heard it said that gold should reach the $5000. mark

Indubitably, but in what time frame, and what is the source selling? 🤨

 

[Assembler]

Indubitably, but in what time frame, and what is the source selling? 🤨

What would the buying power of the dollar be like when gold sells for $5,000.00 an ounce?

 

[pepperj]

What would the buying power of the dollar be like when gold sells for $5,000.00 an ounce?

Just for an example it's at $2500 today.
Would it be at 50% of the value?
So for the consumer everything would be adjusted(inflated) to show that.

 

[Assembler]

Just for an example it's at $2500 today.
Would it be at 50% of the value?
So for the consumer everything would be adjusted(inflated) to show that.

Not sure this would be the true buying power. For example in 1947 one could buy with a quarter more then a gallon of gas. Today that same quarter still buys more then a gallon of gas.

Yes there has to be many commodities that have gone down due to advances of technologies and production methods. With that being said there are commodities such as minerals that the production is not going up enough to offset the demand etc.

 

[pepperj]

Not sure this would be the true buying power. For example in 1947 one could buy with a quarter more then a gallon of gas. Today that same quarter still buys more then a gallon of gas.

Yes there has to be many commodities that have gone down due to advances of technologies and production methods. With that being said there are commodities such as minerals that the production is not going up enough to offset the demand etc.

 

[Assembler]

View attachment 2165549View attachment 2165550

Appears that one 1947 dollar is equivalent to $14.11 today.

 

[Assembler]

Spot gold price over about 20 years.