Inflation

[DKG]

Statistics Canada reported Tuesday that Canada's annual inflation rate went up again in July to 3.3%.

While it's good news annual inflation is now at 3.3% compared to a 39-year high of 8.1% in June 2022, keep in mind that a decrease in the annual rate of inflation is not the same as a decrease in the overall cost of goods and services, as determined by the Consumer Price Index.

It means that the rate of inflation has slowed down while overall costs to consumers continue to rise.

[Oliver the Second]

Exactly - they say "Inflation is going down, it was only three percent this quarter compared to eight percent last quarter"... no, that means inflation is still going up because that's three percent more on top of the eight percent you already had. It may not be going up as fast but it's still going up up up.

[Thiel]

Exactly - they say "Inflation is going down, it was only three percent this quarter compared to eight percent last quarter"... no, that means inflation is still going up because that's three percent more on top of the eight percent you already had. It may not be going up as fast but it's still going up up up.

If certain core items like rent are factored in, the rate of inflation is higher than the official government number.

[Adolf Oliver Bush]

Additionally I had heard that the method for calculating inflation has changed within the last four decades. If you were to calculate today's rate using the same methods in 1983, you would find today's rate is more like an 80 year high.

Allegedly.

[DKG]

Forty eight percent of Canadians are shopping at dollar stores because of high food costs. Also, Canadians are prioritizing price over climate when they shop. Trudeau's cabinet does not understand that. They do not care either.

[Lokmar]

Keep an eye on gold.

[DKG]

Keep an eye on gold.

What determines the price of gold? For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa.

Gold is the quintessential "anti-dollar" — a place to turn for those who distrust fiat currency — so it seemed natural that prices would rise in a world of low real interest rates and cheap dollars. Or when rates went up, gold, which pays no yield, naturally became less attractive, sending prices tumbling.

[JOE]

Forty eight percent of Canadians are shopping at dollar stores because of high food costs. Also, Canadians are prioritizing price over climate when they shop. Trudeau's cabinet does not understand that. They do not care either.

Dollarama must be good buy and a future growth stock, eh DKG?

[DKG]

Dollarama must be good buy and a future growth stock, eh DKG?

Must be eh?

[JOE]

Must be eh?

Dollarama currently trading at $93 per share:

https://www.google.com/search?client=firefox-b-e&q=dollarama+stock+price

And it's goin' up!

Wish I'd bought it back in the day when it was only $3 a share.

[Oerdin]

Keep an eye on gold.

Gold seems high to me.

[DKG]

Gold seems high to me.

Considering that we are in a period of high interest rates, yes.

[JOE]

Gold seems high to me.

It's falling quite fast lately.

Hovering just above $1800 USD

could fall further.

$1700 an ounce? $1600?

Platinum and Palladium are takin' a hit as well

Maybe Silver'll be at $18 or $19 an ounce soon.

https://www.kitco.com/market/

[Oerdin]

Considering that we are in a period of high interest rates, yes.

In 2019 it was 1200 and now it is around 2000.

[Oerdin]

It's falling quite fast lately.

Hovering just above $1800 USD

could fall further.

$1700 an ounce? $1600?

Platinum and Palladium are takin' a hit as well

Maybe Silver'll be at $18 or $19 an ounce soon.

https://www.kitco.com/market/

Communist China is going into economic depression and they were the big buyer of most metals including gold.