Replying to Avatar Laeserin

On the primary market, crude oil is now going for down to $55/barrel (€47 or 44 CHF). Russian crude costs a mere $40/barrel.

Priced in gold (as an inflation-adjustment), oil has never been cheaper, except during a quick spike at the beginning of the COVID Era. Natural gas also trending steadily down, both in absolute and real terms.

This is the signal.
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El Guiri 3w ago

Been showing people the pricedingold.com website for a while and can't get my head around this not registering. Houses in uk probably cheapest since the 50s. I think most don't like to admit they get paid in toilet paper with images and numbers

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Laeserin 3w ago

The Big Mac and Bitcoin entries are also very interesting.

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Laeserin 3w ago

We have massive consumer price and asset-price deflation, across the board, that is being literally "papered over".

Everything would be getting cheaper in gold.

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El Guiri 3w ago

Pet rock etc etc