My steel bike is worth a fortune!
04-01-10, 08:26 AM
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My steel bike is worth a fortune!
No April Fools joke here. Just read it in the daily rag. "Steel prices up 40% on weak dollar, weak demand"
Get ready, the great inflation is starting.
Get ready, the great inflation is starting.
04-01-10, 09:47 AM
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I'm sure it is.
But, just possibly ----
More of a fortune to you than the commodity market.
I'd hold on to it with a sense of increasing good fortune. No sense in liquidating an asset in a rising market -
Or, if it's a bike, in a falling one either
But, just possibly ----
More of a fortune to you than the commodity market.
I'd hold on to it with a sense of increasing good fortune. No sense in liquidating an asset in a rising market -
Or, if it's a bike, in a falling one either
04-01-10, 04:17 PM
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This is an interesting point in economics, as a currency weakens, you can sell more goods, but the raw materials cost you more. As for your bike, there really isn't that much steel there, a 23lb bicycle is less then 20lbs of steel, and steel is priced by the ton.
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