quote:
Who you gonna believe, me or your lying eyes? I don’t care what agency du jour tries to tell me inflation is. I’ve seen it with my own eyes. We had closer to 20% inflation at the peak. We’re well past 35% net, and as I said that’s just in goods. I personally witnessed a farm sell for ~$3500/acre shortly before Covid and the one right next to it sold for ~$5500 last year. Comparable land. Residential in desirable areas has been even more egregious.

As far as land/home prices go, I really don’t get the complains. 66% of Americans own homes that have gone up a ton in value, so that’s a problem? People don’t buy homes very often, so this “yeah but homes are unaffordable” is a problem for a small subset of people that don’t also already own a home.

And as I’ve pointed out, we’re not well past 35% net. You can gripe about the weighting of CPI and whatnot, but dig into the individual categories.

good ol gold is up a whopping 7%. “Inflation hedge” though, right?

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Posted by Decisions

Member since Mar 2015

1514 posts

Posted on 1/20/24 at 10:13 am to slackster

Conjoined those graphs give an idea of wage inflation from the start of COVID through 2022. Naturally the data hasn’t all been compiled and made public for 2023, but it gives an idea as to what wages have done in the time period we were discussing for the market growth and overall inflation.

quote:
good ol gold is up a whopping 7%. “Inflation hedge” though, right?

I firmly believe the paper gold market is still being manipulated and thus useless for average people. Physical gold with its premiums and discounts is closer to the real deal, but I still wouldn’t bother.

Like I said, if you want to ride with and beat inflation buy hard, income-producing assets (preferably with some leverage).

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