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If you sold your house in 2008 and bought Garlic you could now buy 30 similar houses
HAMISH_MCTAVISH
Posts: 28,592 Forumite
In response to the "Buy Silver Now" threads of late.....
Commodity performance 2009:
Gold underperformed other precious metals in 2009, posting an increase of more than 24 per cent, but trailing silver (+51 per cent), platinum (+58 per cent) and palladium (+119 per cent).
Lumber was up 24 per cent, despite the implosion of the U.S. housing market.
There were many others commodities up more, including cocoa (+25 per cent), palm oil (+53 per cent), cotton (+54 per cent), rubber (+102 per cent), orange juice (+107 per cent), zinc (+111 per cent), raw sugar (+127 per cent), lead (+145 per cent) and Garlic (+300 per cent).
But of course, you'd have to be a professional trader or an idiot to want to sell your house and speculate on the commodities market....
Commodity performance 2009:
Gold underperformed other precious metals in 2009, posting an increase of more than 24 per cent, but trailing silver (+51 per cent), platinum (+58 per cent) and palladium (+119 per cent).
Lumber was up 24 per cent, despite the implosion of the U.S. housing market.
There were many others commodities up more, including cocoa (+25 per cent), palm oil (+53 per cent), cotton (+54 per cent), rubber (+102 per cent), orange juice (+107 per cent), zinc (+111 per cent), raw sugar (+127 per cent), lead (+145 per cent) and Garlic (+300 per cent).
But of course, you'd have to be a professional trader or an idiot to want to sell your house and speculate on the commodities market....
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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I recced Platinum back in 2007 just after it crashed. Gutted I didnt have the guts to put the money with my convictions. Looking too toppy at the mo. If it ever goes down, I will be buying it in bars.0
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yeah, palladium's doing well.
trust me to be a savvy !!!!!!! and choose it for my wedding ring two years ago.
with Pd doubling in value every year, my £200 ring is going to be worth a hundred grand ten years from now.FACT.0 -
Hmmm, nobody taking a punt on garlic?
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I bought a house for £48k its now worth £750k in our opinion was that a good investment?0
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No idea mate......
This is the garlic ramping thread.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Am I missing something or shouldn't have garlic gone up by 3000% so that I can buy 30 similar houses ....0
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HAMISH_MCTAVISH wrote: »Hmmm, nobody taking a punt on garlic?
I used two cloves of it when making a moussaka last night. 'Twas lovely.
In all seriousness, why has garlic gone up 300%? Was there a garlic shortage due to crop failure or something?
I'm trying to remember how much I pay for a bulb of garlic, but I really can't remember, despite it being something I buy every week. About 60p?0 -
http://money.cnn.com/2010/03/23/news/international/china_garlic_bubble.fortune/(Fortune) -- Garlic has always been revered in China -- not so much for its overpowering bite but as an important ingredient in cuisine and related health benefits. The philosopher Confucius was so fond of the pungent plant he even extolled its virtues in the Shih Ching, the oldest anthology of Chinese poetry.
But never in its long and varied history has garlic been more coveted in China than today, where a speculative bubble has forced wholesale prices to increase 605% to $1,200 per tonne from March 2009 through February 2010. Garlic was the best performing commodity in China in 2009 -- and is set for a repeat performance in 2010.
"Local investors have made serious money in garlic," says Jerry Lou, a China strategist at Morgan Stanley in Hong Kong. Indeed, crude oil and gold futures -- widely regarded as the aristocrats of the commodities world -- climbed 100% and 27% respectively over the same 12-month period. Similarly cocoa and soybean futures, all more widely traded than garlic, improved 42% and 13%.
"It's been a great bull market for commodities across the board," says Larry Schneider, director of business development at Zaner Group, a Chicago-based brokerage firm specializing in futures and commodities. "But I can't remember when anything last shot up like this."
The garlic bubble's roots trace back to 2008, a bad year for garlic producers around the world, with many losing money due to a market glut that pushed prices down. As a result, China, which is the world's No. 1 supplier, cut its output by half in 2009.
Well you learn something every day. I blame all these BTLers who buy three or four bulbs of garlic to rent out. They've artificially raised the price. I reckon garlic will be 50% cheaper by Christmas.Low Garlic Rates Extending the crashALT G Bulbs next time bomb (late 2009-2012) :eek:
SHARED EQUITY/GARLIC scams designed to keep prices high and pay extra costs :mad:
GARLIC BOTTOM - History tells us that garlic stagnates for years at the bottom, there will be no rapid rises at the bottom, don't rush.:think:0 -
Garlic is the only true store of wealth, and as the Chinese know all too well from their thousands of years of history, Garlic will outlast all these ponzi paper currencies.Well you learn something every day. I blame all these BTLers who buy three or four bulbs of garlic to rent out. They've artificially raised the price. I reckon garlic will be 50% cheaper by Christmas.
On another note, with all these threads about Garlic and Silver, I reckon we're safe from Vampires around here.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Am I missing something or shouldn't have garlic gone up by 3000% so that I can buy 30 similar houses ....
Yes Hamish maths leave a lot to be desired.
Really2 also said spuds would be a better investment than silver.
You go ahead and invest in veg if you want but know this, you are missing one important point -
"If you sold your house in 2008 and bought Garlic you could now buy 30 similar houses"
No you couldnt they would have gone off by now and have to be thrown away.
You need something that is a store of value.
Also veg are in plentiful supply, silver is more rare than gold.0
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