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I'm starting to think DEFLATION is coming
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2021 Jul 16, 11:39am 7,372 views 115 comments
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62
richwicks
2021 Jul 19, 12:17pm
richwicks
2021 Jul 19, 12:17pm
Misc says
FFS - of course it is. You just increase the value of gold.
At the end of Wiemar Germany, you could literally buy a HOUSE with a single ounce of gold.
Either way you cut it, this system is coming down at some point. We're already bankrupt, and I don't think a farmer is going to be trading you food for a bitcoin.
The US has about $5.5 trillion in cash, bank deposits and money market instruments. Going to a gold standard is not feasible.
FFS - of course it is. You just increase the value of gold.
At the end of Wiemar Germany, you could literally buy a HOUSE with a single ounce of gold.
Either way you cut it, this system is coming down at some point. We're already bankrupt, and I don't think a farmer is going to be trading you food for a bitcoin.
63
Misc
2021 Jul 19, 12:32pm
There is no savior in gold. The gold simply doesn't exist and if you have any, it will simply be confiscated because it's been outlawed.
A farmer isn't going to be trading you food for gold either, but since farmers on average are in debt about $1 million, they will trade for dollars.
A farmer isn't going to be trading you food for gold either, but since farmers on average are in debt about $1 million, they will trade for dollars.
64
RC2006
2021 Jul 19, 12:35pm
RC2006
2021 Jul 19, 12:35pm
There is a great future in bullets. Think about it. Will you think about it?
65
Misc
2021 Jul 19, 12:46pm
RC2006 says
Have you seen the price of ammo recently?
I have no doubt it is a great investment.
There is a great future in bullets. Think about it. Will you think about it?
Have you seen the price of ammo recently?
I have no doubt it is a great investment.
66
Hircus
2021 Jul 19, 12:49pm
Hircus
2021 Jul 19, 12:49pm
richwicks says
Personally, part of my portfolio diversification / retirement plan is to purchase / build a small farm with decent self sufficiency. A deep well, decent soil, good supply of seeds, some animals, solar, septic, and remote.
It's good insurance against a lot of potential catastrophes. Doesn't cost too much either, and will likely hold its value well.
and I don't think a farmer is going to be trading you food for a bitcoin.
Personally, part of my portfolio diversification / retirement plan is to purchase / build a small farm with decent self sufficiency. A deep well, decent soil, good supply of seeds, some animals, solar, septic, and remote.
It's good insurance against a lot of potential catastrophes. Doesn't cost too much either, and will likely hold its value well.
67
richwicks
2021 Jul 19, 12:51pm
richwicks
2021 Jul 19, 12:51pm
Misc says
People accumulating gold would dump it in the Mariana's trench rather than give it to the criminals that caused the economic collapse.
This isn't the 1930's any more when people had a high level of trust in the government. In fact, prior to the outlawing of gold in 1933, many people sent it over-seas. This is why gold coins from the late 1920's are in pristine condition. They were never circulated.
There is no savior in gold. The gold simply doesn't exist and if you have any, it will simply be confiscated because it's been outlawed.
People accumulating gold would dump it in the Mariana's trench rather than give it to the criminals that caused the economic collapse.
This isn't the 1930's any more when people had a high level of trust in the government. In fact, prior to the outlawing of gold in 1933, many people sent it over-seas. This is why gold coins from the late 1920's are in pristine condition. They were never circulated.
68
Patrick
2021 Jul 19, 12:55pm
Patrick
2021 Jul 19, 12:55pm
RC2006 says
Sure. Consider that the ATF regulates exactly those things that preserve wealth in a societal meltdown: Alcohol, Tobacco, Firearms
I believe it's illegal for you to own and warehouse more than a certain amount of alcohol without a special permit from our owners, so they can know where it is and come take it if you oppose their mastery over you.
richwicks says
Yes, and at the end of the Nazi era, people used cigarettes as currency because:
1. there is always demand and they are not trivial to create
2. a carton of cigarettes could be split into packs (how many packs in a carton?), and packs into (typically 20) individual cigarettes to make change
There is a great future in bullets. Think about it. Will you think about it?
Sure. Consider that the ATF regulates exactly those things that preserve wealth in a societal meltdown: Alcohol, Tobacco, Firearms
I believe it's illegal for you to own and warehouse more than a certain amount of alcohol without a special permit from our owners, so they can know where it is and come take it if you oppose their mastery over you.
richwicks says
At the end of Wiemar Germany, you could literally buy a HOUSE with a single ounce of gold.
Yes, and at the end of the Nazi era, people used cigarettes as currency because:
1. there is always demand and they are not trivial to create
2. a carton of cigarettes could be split into packs (how many packs in a carton?), and packs into (typically 20) individual cigarettes to make change
69
Onvacation
2021 Jul 19, 1:22pm
Onvacation
2021 Jul 19, 1:22pm
Hircus says
Equals $78K per year.
It's still a relatively rich mans game.
46 hrs per oz sounds reasonable.
Current price of $1800 / 46 = about $39 per hour equivalent.
Equals $78K per year.
It's still a relatively rich mans game.
70
RC2006
2021 Jul 19, 1:52pm
RC2006
2021 Jul 19, 1:52pm
Hircus says
This is my long term goal. Also would be nice to leave for kids hopefully I will be able to instill the value of it so they would keep it for future generations.
richwicks saysand I don't think a farmer is going to be trading you food for a bitcoin.
Personally, part of my portfolio diversification / retirement plan is to purchase / build a small farm with decent self sufficiency. A deep well, decent soil, good supply of seeds, some animals, solar, septic, and remote.
It's good insurance against a lot of potential catastrophes. Doesn't cost too much either, and will likely hold its value well.
This is my long term goal. Also would be nice to leave for kids hopefully I will be able to instill the value of it so they would keep it for future generations.
71
richwicks
2021 Jul 19, 3:50pm
richwicks
2021 Jul 19, 3:50pm
Hircus says
Unless you grew up in the sticks, like I did, and actually tended a relatively large garden, like I was forced to do as a kid, as a chore, you have no idea how unrealistic it is to live off the land, especially in old age.
You know what the principle difference between a vegetable you grow in your own garden, and one you buy at the store? It's a hell of a lot less work to buy it at the store.
Your primary concern will be obtaining water. Solar power and septic, those are easy to do and really not necessary to be honest.
Personally, part of my portfolio diversification / retirement plan is to purchase / build a small farm with decent self sufficiency. A deep well, decent soil, good supply of seeds, some animals, solar, septic, and remote.
Unless you grew up in the sticks, like I did, and actually tended a relatively large garden, like I was forced to do as a kid, as a chore, you have no idea how unrealistic it is to live off the land, especially in old age.
You know what the principle difference between a vegetable you grow in your own garden, and one you buy at the store? It's a hell of a lot less work to buy it at the store.
Your primary concern will be obtaining water. Solar power and septic, those are easy to do and really not necessary to be honest.
72
Hircus
2021 Jul 19, 4:31pm
Hircus
2021 Jul 19, 4:31pm
I plan to keep it somewhat low maintenance. My desire isn't to live off the land most of the time, but to be able to live off the land, if needed. If the need arises, I can plant lots of additional seed, and begin multiplying the animals. Stockpiles of dry goods can easily cover food needs during a farm ramp up phase.
73
NuttBoxer
2021 Jul 19, 5:30pm
NuttBoxer
2021 Jul 19, 5:30pm
Misc says
4,000 years of history and free/black markets say otherwise.
There is no savior in gold. The gold simply doesn't exist and if you have any, it will simply be confiscated because it's been outlawed.
A farmer isn't going to be trading you food for gold either, but since farmers on average are in debt about $1 million, they will trade for dollars.
4,000 years of history and free/black markets say otherwise.
74
GNL
2021 Jul 19, 5:36pm
GNL
2021 Jul 19, 5:36pm
Hircus says
He said MEDIAN labor. I believe median labor is around $25/hour. So, that means 72 hours.
46 hrs per oz sounds reasonable.
Current price of $1800 / 46 = about $39 per hour equivalent.
He said MEDIAN labor. I believe median labor is around $25/hour. So, that means 72 hours.
75
GNL
2021 Jul 19, 5:38pm
GNL
2021 Jul 19, 5:38pm
Misc says
It is starting to come down.
RC2006 saysThere is a great future in bullets. Think about it. Will you think about it?
Have you seen the price of ammo recently?
I have no doubt it is a great investment.
It is starting to come down.
76
B.A.C.A.H.
2021 Jul 19, 5:53pm
B.A.C.A.H.
2021 Jul 19, 5:53pm
WineHorror1 says
Yeah.
So it means by our reckoning that either gold is over-priced in dollars, or the decline in our living standard has accelerated from the 1% per year we reckoned for 1971 to 1995.
He said MEDIAN labor. I believe median labor is around $25/hour. So, that means 72 hours.
Yeah.
So it means by our reckoning that either gold is over-priced in dollars, or the decline in our living standard has accelerated from the 1% per year we reckoned for 1971 to 1995.
78
Patrick
2021 Jul 20, 9:33am
Patrick
2021 Jul 20, 9:33am
https://spectatorworld.com/topic/happens-currency-collapses-lebanon/
What happens when your currency collapses?
The Lebanese are living through a terrible economic experiment
79
Bitcoin
2021 Jul 20, 9:45am
Bitcoin
2021 Jul 20, 9:45am
WineHorror1 says
got a few 100 rounds 9mm for $49ea. Best price since a looong time. finally.
Misc saysRC2006 saysThere is a great future in bullets. Think about it. Will you think about it?
Have you seen the price of ammo recently?
I have no doubt it is a great investment.
It is starting to come down.
got a few 100 rounds 9mm for $49ea. Best price since a looong time. finally.
80
NuttBoxer
2021 Jul 20, 10:03am
NuttBoxer
2021 Jul 20, 10:03am
Misc says
What wealth? You mean the record unemployment? The record national debt? The outsourcing of all manufacturing? Dependence on industrialized food? Shortages in basic raw materials across all industries?
But forget all that. You go out and buy some gold right now for the paper spot price(paper because it's based on trading contracts, not physical), and get delivery in a week. Go ahead, I'll wait...
As a percent of our nation's wealth, gold has plummeted in value.
What wealth? You mean the record unemployment? The record national debt? The outsourcing of all manufacturing? Dependence on industrialized food? Shortages in basic raw materials across all industries?
But forget all that. You go out and buy some gold right now for the paper spot price(paper because it's based on trading contracts, not physical), and get delivery in a week. Go ahead, I'll wait...
81
Bd6r
2021 Jul 20, 3:55pm
Bd6r
2021 Jul 20, 3:55pm
Hircus says
We are coming to the same conclusion.
Luckily in E. TX water is not a problem most of the time, land is productive, taxes rather low with ag exemption, and mineral rights can be profitable.
I plan to keep it somewhat low maintenance. My desire isn't to live off the land most of the time, but to be able to live off the land, if needed. If the need arises, I can plant lots of additional seed, and begin multiplying the animals. Stockpiles of dry goods can easily cover food needs during a farm ramp up phase.
We are coming to the same conclusion.
Luckily in E. TX water is not a problem most of the time, land is productive, taxes rather low with ag exemption, and mineral rights can be profitable.
82
richwicks
2021 Jul 20, 4:23pm
richwicks
2021 Jul 20, 4:23pm
Misc says
Yeah, we're so wealthy we are now selling farmland directly to the Chinese. No kidding.
https://americanmilitarynews.com/2021/07/china-is-buying-billions-in-us-farmland-and-lawmakers-are-scrambling-to-try-to-stop-them/
And no, US lawmakers are NOT trying to stop them. They are selling the country.
As a percent of our nation's wealth, gold has plummeted in value.
Yeah, we're so wealthy we are now selling farmland directly to the Chinese. No kidding.
https://americanmilitarynews.com/2021/07/china-is-buying-billions-in-us-farmland-and-lawmakers-are-scrambling-to-try-to-stop-them/
And no, US lawmakers are NOT trying to stop them. They are selling the country.
83
Patrick
2021 Jul 20, 5:46pm
Patrick
2021 Jul 20, 5:46pm
They've already sold the country to China by outsourcing almost all US manufacturing to them.
But yes, selling our farmland makes it worse. At least we can take it back easily.
But yes, selling our farmland makes it worse. At least we can take it back easily.
84
joshuatrio
2021 Jul 20, 6:04pm
joshuatrio
2021 Jul 20, 6:04pm
WineHorror1 says
It is. Just found 9mm for $.33/round. A month ago it was about a dollar a round and pre hoaxdemix it was $.19/round.
Misc saysRC2006 saysThere is a great future in bullets. Think about it. Will you think about it?
Have you seen the price of ammo recently?
I have no doubt it is a great investment.
It is starting to come down.
It is. Just found 9mm for $.33/round. A month ago it was about a dollar a round and pre hoaxdemix it was $.19/round.
85
GNL
2021 Jul 20, 6:22pm
GNL
2021 Jul 20, 6:22pm
joshuatrio says
Defense or range rounds?
It is. Just found 9mm for $.33/round. A month ago it was about a dollar a round and pre hoaxdemix it was $.19/round.
Defense or range rounds?
87
GNL
2021 Jul 20, 6:44pm
GNL
2021 Jul 20, 6:44pm
Booger says
It blows my mind that there is not more of this going on. Have all the retail outlets put all merch behind bars and glass yet?
Does all the legal shoplifting in San Francisco count as deflation?
It blows my mind that there is not more of this going on. Have all the retail outlets put all merch behind bars and glass yet?
88
Misc
2021 Jul 21, 5:01am
NuttBoxer says
The government is not going to allow the peasants to collapse the banking system. The government will simply outlaw physical ownership of precious metals,
Good luck finding anyone to take it as payment when that happens.
Misc saysAs a percent of our nation's wealth, gold has plummeted in value.
What wealth? You mean the record unemployment? The record national debt? The outsourcing of all manufacturing? Dependence on industrialized food? Shortages in basic raw materials across all industries?
But forget all that. You go out and buy some gold right now for the paper spot price(paper because it's based on trading contracts, not physical), and get delivery in a week. Go ahead, I'll wait...
The government is not going to allow the peasants to collapse the banking system. The government will simply outlaw physical ownership of precious metals,
Good luck finding anyone to take it as payment when that happens.
89
NuttBoxer
2021 Jul 21, 10:19am
NuttBoxer
2021 Jul 21, 10:19am
Misc says
Did you know Weimer Germany had a government? So did Ethiopia, Venezuela, America, Rome, etc. Yet they all experienced financial collapses. So what happened there? Are you saying those governments chose to allow the collapse?
Have you not read the recent Basil updates? They're actually pushing the other way, demanding central banks hold more gold in reserve. Tennessee recently put up a law restoring gold and silver as currency.
But gold/silver will not be used in every day transactions in a stable economy without a lot of change first. And part of that change will be collapse. In a collapse, how many people you think are going to be concerned about preventing people from trading in coin when they're families are without food? Especially considering the gun ownership rates in this country. But maybe this is the first time in history that free/black markets will be completely eradicated?
The government is not going to allow the peasants to collapse the banking system. The government will simply outlaw physical ownership of precious metals,
Good luck finding anyone to take it as payment when that happens.
Did you know Weimer Germany had a government? So did Ethiopia, Venezuela, America, Rome, etc. Yet they all experienced financial collapses. So what happened there? Are you saying those governments chose to allow the collapse?
Have you not read the recent Basil updates? They're actually pushing the other way, demanding central banks hold more gold in reserve. Tennessee recently put up a law restoring gold and silver as currency.
But gold/silver will not be used in every day transactions in a stable economy without a lot of change first. And part of that change will be collapse. In a collapse, how many people you think are going to be concerned about preventing people from trading in coin when they're families are without food? Especially considering the gun ownership rates in this country. But maybe this is the first time in history that free/black markets will be completely eradicated?
90
Patrick
2021 Jul 21, 5:48pm
Patrick
2021 Jul 21, 5:48pm
Misc says
They will outlaw the physical ownership of precious metals again.
Roosevelt did it in the Great Depression already.
The government is not going to allow the peasants to collapse the banking system. The government will simply outlaw physical ownership of precious metals,
They will outlaw the physical ownership of precious metals again.
Roosevelt did it in the Great Depression already.
91
B.A.C.A.H.
2021 Jul 21, 8:17pm
B.A.C.A.H.
2021 Jul 21, 8:17pm
Patrick says
Yeah. But the mining stocks rose fabulously.
Roosevelt did it in the Great Depression already.
Yeah. But the mining stocks rose fabulously.
92
SumatraBosch
2021 Jul 21, 8:51pm
SumatraBosch
2021 Jul 21, 8:51pm
There is no reason a 3/2 in Vallejo shouldn't be valued at $500 million if it has a driveway.
93
mell
2021 Jul 21, 11:06pm
SumatraBosch says
Exactly!
There is no reason a 3/2 in Vallejo shouldn't be valued at $500 million if it has a driveway.
Exactly!
95
richwicks
2021 Jul 23, 12:25pm
richwicks
2021 Jul 23, 12:25pm
Patrick says
They may be true, but the people who have been hording precious metals will kill before they turn them in. They regard the government as a bunch of criminals, and their right to think this.
The COMEX is provably manipulated. JP Morgan was charging for storage of precious metals without actually purchasing it, Barrack mining claiming they were part of a government price suppression scheme when they were sued in court, and gold bugs have been slandered and libeled for 20 years - and nobody goes to jail.
There's not the dynamic that there was in the 1930's and a lot of what we were told about the 1930's, didn't happen. You can buy a 1920's gold $20 piece today, and you'll find out, it's in near or mint condition, because people didn't circulate it. They also didn't turn them in.
Misc saysThe government is not going to allow the peasants to collapse the banking system. The government will simply outlaw physical ownership of precious metals,
They will outlaw the physical ownership of precious metals again.
They may be true, but the people who have been hording precious metals will kill before they turn them in. They regard the government as a bunch of criminals, and their right to think this.
The COMEX is provably manipulated. JP Morgan was charging for storage of precious metals without actually purchasing it, Barrack mining claiming they were part of a government price suppression scheme when they were sued in court, and gold bugs have been slandered and libeled for 20 years - and nobody goes to jail.
There's not the dynamic that there was in the 1930's and a lot of what we were told about the 1930's, didn't happen. You can buy a 1920's gold $20 piece today, and you'll find out, it's in near or mint condition, because people didn't circulate it. They also didn't turn them in.
96
B.A.C.A.H.
2021 Jul 23, 3:33pm
B.A.C.A.H.
2021 Jul 23, 3:33pm
richwicks says
Exactly!
They held onto it for four decades during which the stocks went up (including the mining stocks went up), and deposits and Treasuries paid them interest.
If they needed to spend they redeemed some of those stocks/deposits/CDs/Treasuries for cash that they could spend, or maybe just spent the dividends/interest.
The Gold Hoarder could not spend his hoarded gold in the US without breaking the law, - meaning that whomever he sold it to was also breaking the law. This sounds like the risks of selling any contraband like unregistered firearms, illegal drugs, or whatever. He could admire his shiny gold coin but do little else with it. Like Gollum with his Precious.
You can buy a 1920's gold $20 piece today, and you'll find out, it's in near or mint condition, because people didn't circulate it. They also didn't turn them in.
Exactly!
They held onto it for four decades during which the stocks went up (including the mining stocks went up), and deposits and Treasuries paid them interest.
If they needed to spend they redeemed some of those stocks/deposits/CDs/Treasuries for cash that they could spend, or maybe just spent the dividends/interest.
The Gold Hoarder could not spend his hoarded gold in the US without breaking the law, - meaning that whomever he sold it to was also breaking the law. This sounds like the risks of selling any contraband like unregistered firearms, illegal drugs, or whatever. He could admire his shiny gold coin but do little else with it. Like Gollum with his Precious.
97
Patrick
2021 Jul 23, 3:38pm
Patrick
2021 Jul 23, 3:38pm
He could wait it out, maybe pass it on to the next generation. It won't grow in real value, but it won't lose in real value either.
If you find a gold coin from the Roman Empire, it still has about the same value as gold back then, ignoring the historical value.
Governments change, and if We The People get better focused on the things that matter (like the criminality of the government-oligarch-corporate complex) and less focused on things that serve to divide us (race, sex, etc) then we will eventually get back the right to use gold and silver as literal hard currency.
If you find a gold coin from the Roman Empire, it still has about the same value as gold back then, ignoring the historical value.
Governments change, and if We The People get better focused on the things that matter (like the criminality of the government-oligarch-corporate complex) and less focused on things that serve to divide us (race, sex, etc) then we will eventually get back the right to use gold and silver as literal hard currency.
98
B.A.C.A.H.
2021 Jul 23, 8:38pm
B.A.C.A.H.
2021 Jul 23, 8:38pm
Patrick says
He could wait it out, if he lived four more decades. Or he could put it to work.
The government set the gold price at $35 per ounce in January 1934, when the DJIA was 75.
Gold was legal to own again in January, 1975. The market price was about $175. DJIA was 850.
ill-liquid gold up 500% during that time, if you're still alive 4 decades later. DJIA up 1100%, with the ability to sell every business day during those four decades.
Gold today 1802. DJIA 35,060
Gold up 5150% since the 1934 seizure. DJIA up 46,700% since the seizure... and cash flow from dividends!
Yeah, Hoarding shiny gold, like Gollum in Lord of the Rings with his Precious, is really so much more savvy.
He could wait it out
He could wait it out, if he lived four more decades. Or he could put it to work.
The government set the gold price at $35 per ounce in January 1934, when the DJIA was 75.
Gold was legal to own again in January, 1975. The market price was about $175. DJIA was 850.
ill-liquid gold up 500% during that time, if you're still alive 4 decades later. DJIA up 1100%, with the ability to sell every business day during those four decades.
Gold today 1802. DJIA 35,060
Gold up 5150% since the 1934 seizure. DJIA up 46,700% since the seizure... and cash flow from dividends!
Yeah, Hoarding shiny gold, like Gollum in Lord of the Rings with his Precious, is really so much more savvy.
99
Patrick
2021 Jul 24, 2:00pm
Patrick
2021 Jul 24, 2:00pm
Right, I'm just talking about preserving the buying power of cash.
Gold does that. It's not an investment, does not grow in value.
Gold does that. It's not an investment, does not grow in value.
100
B.A.C.A.H.
2021 Jul 24, 3:21pm
B.A.C.A.H.
2021 Jul 24, 3:21pm
HunterTits says
Agreed. I got carried away with that topic. Maybe I saved some savings in bullion also.
But this does not change the reality that for about forty years, the gold saver could not spend his savings without having another illegal partner in crime in the transaction.
You seem to confuse SAVING with INVESTING.
One does not SAVE in the stock market.
Agreed. I got carried away with that topic. Maybe I saved some savings in bullion also.
But this does not change the reality that for about forty years, the gold saver could not spend his savings without having another illegal partner in crime in the transaction.
101
NuttBoxer
2021 Jul 24, 6:28pm
NuttBoxer
2021 Jul 24, 6:28pm
B.A.C.A.H. says
Actually, according to the Constitution, only gold and silver have ever constituted legal money. Even the Federal Reserve admits this directly on their notes, that the paper represents debt. Real money never represents an obligation to repay.
The act did not make gold and silver illegal, it just removed the redemption requirement for Federal Reserve paper. As a point-in-fact, junk silver was still issued by the US Treasury through the 50's.
The central bank game has never been to directly attack gold and silver as money, because it would never work. Instead, they write laws to force the acceptance of their bad money, and once people realize that can pay something with worthless paper, rather than real money, the money quickly disappears from circulation.
And I haven't even addressed black/free markets, and easy it has always been to circumvent the law, especially the ridiculous ones.
The Gold Hoarder could not spend his hoarded gold in the US without breaking the law, - meaning that whomever he sold it to was also breaking the law. This sounds like the risks of selling any contraband like unregistered firearms, illegal drugs, or whatever. He could admire his shiny gold coin but do little else with it.
Actually, according to the Constitution, only gold and silver have ever constituted legal money. Even the Federal Reserve admits this directly on their notes, that the paper represents debt. Real money never represents an obligation to repay.
The act did not make gold and silver illegal, it just removed the redemption requirement for Federal Reserve paper. As a point-in-fact, junk silver was still issued by the US Treasury through the 50's.
The central bank game has never been to directly attack gold and silver as money, because it would never work. Instead, they write laws to force the acceptance of their bad money, and once people realize that can pay something with worthless paper, rather than real money, the money quickly disappears from circulation.
And I haven't even addressed black/free markets, and easy it has always been to circumvent the law, especially the ridiculous ones.
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At some point, people can't keep up with the rising prices and quit buying. Wouldn't that naturally lead to deflation? I know the fed can print indefinitely, but if people refuse to spend, I think we'd still have a downward slope in prices. Additionally, with the "supply" shortages caused by government paying people to stay home, I would assume these shortages would stop once people start going back.
Ourselves and people in our neighborhood pretty much said "fuck it" to all projects that required lumber, and we're seeing those prices starting to come back down. I think we'll see the same with car prices and most other commodities.
Here was a good article on what I feel is starting to happen:
https://www.zerohedge.com/markets/hangover-here-explosive-inflation-leads-record-collapse-home-car-purchase-plans
I was gung ho on buying real estate the other month, but I've had some people who own hundreds of rentals tell me last month to wait 3-6 months minimum, as they expect prices to start falling.