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But so is Food !
You Can’t Eat Gold !
But this chart is incredible to me.
Anyone noticing their grocery bill dropping like this ?
How do farmers make a living ?
Spock highlighted this etf in a recent post at Spock Global….He sees it bottoming here and making a big run up in the next 5 years.
He says this is related to Global Cooling and could be the next great crisis.
Food for thought
Pass the Potato Chips
DBA Holdings
Soybean 14.15%
Cocoa 12.70%
Coffee ‘C’ 12.48%
Wheat 11.88%
Live Cattle 11.66%
Sugar 11.40%
Corn 9.87%
Lean Hogs 8.29%
Cattle Feeder 4.23%
Cotton No.2 3.34%
“You can not eat gold” Yes but gold can buy whole lot of food. Food will rot with time and you can not store it like gold???
Spock talks about inflation per this chart. Also his post on deflation to come in earlier post, Which one is it??
Market seems spooking all of us.
The inflation vs deflation is curious.
I hear their is deflation
But have you seen house prices. It’s insane.
As a global cooling/Maunder Minimum/Low sunspots kinda guy, I was on to DBA very early. Unfortunately, I rode it all the way down and still own it. Happy to hear there’s still some life there.
I’ll tell you this, someone, somewhere is making a killing in food. Since I retired in 2010 our food bill has done nothing but go UP. Steadily. So all these agricultural commodities are dirt cheap, but I am paying more now for food than I ever have. So who is making the money? Ain’t the grocery stores…
I got sucked into the DBA play like Curly Top but got out quickly when I saw the market showing no signs of reversing its trend. A lesson from losing my shirt in precious metal stocks.
Excellent insights Silverboom
You are an A+ Student at the school of hard knocks
🙂