On Oct 19, 2:36 am, "Harold and Susan Vordos" wrote:
"Adam Corolla" wrote in message

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"Harold and Susan Vordos" wrote in message
.net...

"Adam Corolla" wrote in message
om...

"Richard J Kinch" wrote in message
31...
Lead is at $1.80/lb these days, up from 40 cents a year ago and 20
cents
five years ago.

http://www.kitcometals.com/charts/lead_historical.html

What is the problem with world market for this metal?

Suddenly those neurotic hoards of old car batteries in the back yard
don't
look so crazy.

It looks like the price of all the metals listed on that site (Aluminum,
zinc, nickel and copper in addition to lead) have undergone dramatic
increases in the last two years.

Though lead has increased more than other metals, my take is that the
metals aren't increasing in value so much as the value of the dollar is
dropping.

An excellent observation. You want to put it in perspective?

An ounce of gold still weighs 480 grains, but it now takes about $760 of
our useless dollars to purchase one. Official gold valuation, prior to
1933, was $20.67/ounce.

Harold

Thank you. Yeah, inflation doth bite. At the same time, if you think
that the dollar has *ever* seen a high rate of inflation, you'll be in for
an awful shock when the petrodollar exclusivity is finally broken. Well,
SOME people will be, but I suspect you invest in resources rather than
currencies and are probably already aware of the upcoming period of
catastrophic inflation.

I can't help but notice how the value of the dollar is more closely related
to the price of crude than anything.

I agree----we're in for a lumpy ride in the near future.

This is the time to own "things", not money. I used to refine precious
metals. Sold my platinum WAY too soon. Who'd have ever thought it would
reach $1,400? sigh!

Harold- Hide quoted text -

- Show quoted text -

The ride is going to be lumpy for more than the near future.

The baby boomers are retiring...which will be a significant drain on
the US economy.

And their future SS payments have been in spent in Iraq.

Review the lessons of the 1970s...history is going to repeat itself.

TMT