Industry Watch: Ron Hera sees 2012 as the end of “cheap everything”
Al Korelin and Ron Hera talk about how monetary inflation will affect commodities prices, and how the debt burden will affect America & the Euro in 2012.
Hera Research focuses on natural resources based on original geopolitical, macroeconomic and financial market analysis related to global supply and demand and to competition for natural resources. Hera Research subscribers include financial advisors, fund managers and accredited individual investors.
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benb says:
I agree that it is going to be expensive everything for awhile,until it passes and then the prices that seem expensive to us now will look cheap when issues are resolved.
If that makes sense. Just thinking about some land about 25 years ago, at the time 2500 dollars was alot now its 250000. today 250000 is reasonable. Dont really know if my thinking can be followed there.
In any case people need to own something to keep pace with everything else,I dont see it mattering what it is we own. I have pm as its easiest for me to keep,store and no counterparty risk but oil wells, farmland, bulldozers,snowplows,fishboats,berry picking machinces, some educations, pretty much everything is going up in currency so we need to own somthing. What is best is the debatable topic. I am still saying own somthing to people but as usual its deaf ears.
Karen says:
Hi Benb,
I agree with Jerry. What exactly is going to pass so that we will get used to higher food and fuel cost?? Salaries are not rising along with the inflation rate. In fact people are taking pay cuts just to keep their job.
Jerry O^OTB says:
thanks Karen for the backup
Jerry O^OTB says:
benb….I follow your thinking,,,(,now you are in real trouble)….remember this is ootb,
what we are talking about is inflation…pieces of paper becoming more worthless….
or going down, causing other thing to look like they are going up in value, when in fact
they are the same objects….(a car is still a car, a home is still a home, land is still land)
The only , thing is that the items you own, must be of value to someone else, or they are of no value..(buggy whip,at the turn of the century is a good example)
Cecil Henry says:
Will junior resource stocks still be cheap then??
Hopefully not!! But I don’t see any strong return yet.
Will the price of money rise too–ie interest rates??? The Fed has managed to deny the reality of inflation even now, so I’m not sure they won’t continue to ignore the issue.
Bobby says:
Right you are Jerry, given that today I can trade one apple for one orange, i believe that in 10 years i will be able to trade one orange for one apple.
Jerry O^OTB says:
bobby, thanks for the backup, did you get my message on the pineapple capital of the world
Karen says:
Hi Al,
I agree with Ron. Even Bernanke admitted that we could have runaway inflation. This is a real possibility because of how quickly the dollar is loosing value. Also other countries are using gold instead of the dollar. India trading gold for Iran’s oil
phil says:
thankfully in 2007 i took the red pill and closed down all my paper inc pensions, It just felt wrong started doing my own research in 2008 jumped in with everything i had and more ( 99% silver, a little gold ) av $9.55 per ounce, been reading watching listening each day since, no pro just av jo public who got lucky feels lucky, only hope more people wake up before the rotters ruin a whole lot a great people that just have no understanding, THE FUNNY thing is i tell every one the silver news and apparently im the one should be selling and not them buying ! no helping some folk.
p.s Shame man kind is still ruining most things they touch, one day may be we’ll be human beings Hmmmm , love the show
Jerry O^OTB says:
phil….do not worry about it,,,,worry about yourself and family first….
“some have eyes, but do not see”
Mankind has been screwing it up from the beginning…why should we expect
anything different.
Keep Stacking says:
Hi Big Al,
You look and sound great. You are also a senior fellow in the commodities arena.
All the Central Banks can do is Manage the Crisis the best way they see. Everyone
knows PM’s are rising and will continue. All governments can do is manage the rise.