Canada has a ton of oil, and so does Russia.
There will be a major war before eight world currencies collapse. Gold will drop in half...and then skyrocket.
The US dollar isn’t listed because it is already worthless.
Common Sense tells me that Gold and silver prices going down as the US Government flagrantly prints US dollars (backed by essentially nothing) doesn’t make sense.
This is not universal across commodities:
http://money.cnn.com/data/commodities/
(It’s best to use the one year chart graphic at the top for different commodities, to see change over time.)
My argument is that we are seeing both deflation in some products at the same time as inflation in others. An odd thing to watch, but noticeable even in retail prices. For example, in grocery stores, many products have increased an entire dollar per unit overnight, while at the other time, other are discounted to “fire sale” prices.
Neither can this be blamed on seasonal products, whose seasonal fluctuations are greater than normal, for example, one and a half potatoes for a dollar one week, then ten pounds of potatoes for a dollar the next week, then back to one and a half potatoes the third week.
But some processed products are behaving in a fickle manner as well. Products that should have very stable pricing as they are less perishable.
The most stable are products which have long been very overpriced, such as pharmaceuticals.
Commodities won’t be collapsing...we just heard there is a housing boom again. :)
I am living off of the Thai Baht. The dollar tanking affects how I do things.
For example, back in 2009 I could use my USAA ATM and get 20,000 baht (about $600), last month I could only get 17,000 for about $600.
3000 baht is approximately $100. I am forgoing a few beers based on the exchange rate.