Quote:
Originally Posted by billyboy
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I just skimmed the article quickly; one glaring inaccuracy I noted was the comment "Copper and gold reached their highest prices ever this year...."
I'm not sure what the inflation-adjusted prices for copper are, but I know gold would have to reach about $2200/oz before it reaches its highest price ever on an
inflation-adjusted basis.
To look at the "price" of anything, over the long term, without adjusting for inflation, gives an inaccurate picture of "price."
It is interesting to note the farmer the article quotes; if farmers are not hedging in the futures markets because the spread between futures prices and cash prices (at the local facilities they would actually be selling their grain to) puts too much risk into the transaction, the grain markets could certainly be getting heavy with speculator activity.