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Son of Taeper

Will Wheat Go The Same Way As Property?

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According to this article, Spring Wheat has doubled in price since January.

BBC

This outstrips gold increases substantially but is it sustainable?

Factor in rising fuel prices and I think it could be and the great beauty is you can build a house out of the left overs. :P

Edit typo

Edited by Son of Taeper

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did you know takes 8 jewals of energy to produce 1 jewel of food by the time you get the food to the shops and pestisides, fertalisers, tractors all need oil and thats where the problom lies.

forget pension for your old age think more basic and that includes the second most important thing to man other than air to breath.

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Oatabix.

Sunbite crisps with oats, wheat and rice

and rice pringles.

There's a bit of a trend out there trying to find cheaper things for us to eat.

Edited by chichi

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Oatabix.

Sunbite crisps with oats, wheat and rice

and rice pringles.

There's a bit of a trend out there trying to find cheaper things for us to eat.

Hiding food price increases - supermarkets and food producers been doing it for years.

Edited by gravity always wins

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"wheat only goes up" and "maize is dead money"

:lol::lol::lol:

there is a genuine shortage of wheat, so if your asking are we heading for a decade of "wheat only goes up" and "maize is dead money" i think the answer is no. wheat is not like oil: we can grow more of it and when we do the price will fall.

As with property. We can build enough to house all but we don't. Like wheat, property prices are going through the roof The difference is I would rather have my money in wheat at the moment and I'm starting to look at it as an alternative to gold.

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Not so long ago we had wheat mountains in Europe and land was taken out of production. That land could be put back into production and probably will be if the price goes high enough.

I'm no farmer but it won't happen overnight.

The thing is that as with property, we have the land but don't use it thus keeping prices high. When we figure house prices are too high or in short supply we can pop a few more up in a couple of months.

Nature does not work to the same timescales.

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:lol::lol::lol:

As with property. We can build enough to house all but we don't. Like wheat, property prices are going through the roof The difference is I would rather have my money in wheat at the moment and I'm starting to look at it as an alternative to gold.

The problem with speculating in food is that you push the price up and people in poorer parts of the world go malnourished. Investing in gold never killed anyone (if you ignore mining accidents & the Nazis).

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The problem with speculating in food is that you push the price up and people in poorer parts of the world go malnourished. Investing in gold never killed anyone (if you ignore mining accidents & the Nazis).

Yes but it's the demand and use of wheat in biofuels isn't it? Or is that corn? Speculating in it won't make poor people starve, others willing to pay a higher price will.

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Yes but it's the demand and use of wheat in biofuels isn't it? Or is that corn? Speculating in it won't make poor people starve, others willing to pay a higher price will.

Ideally it's sugar cane for biofuels but other stull is used too.

Property speculators and BTL investors helped push the price of houses up so that people couldn't afford them (and some people bought without realising they couldn't afford them, pushing them up further). Speculating in food will do the same thing.

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Guest Bart of Darkness
did you know takes 8 jewals of energy to produce 1 jewel of food by the time you get the food to the shops and pestisides, fertalisers, tractors all need oil and thats where the problom lies.

How many joules do slaves use?

forget pension for your old age think more basic and that includes the second most important thing to man other than air to breath.

Sex? :unsure:

Can you buy Viagra futures?

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I think the answer is no. wheat is not like oil: we can grow more of it and when we do the price will fall.

With modern farming wheat is a derivative of oil: -

did you know takes 8 jewals of energy to produce 1 jewel of food by the time you get the food to the shops and pestisides, fertalisers, tractors all need oil and thats where the problom lies.

forget pension for your old age think more basic and that includes the second most important thing to man other than air to breath.

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The problem with speculating in food is that you push the price up and people in poorer parts of the world go malnourished. Investing in gold never killed anyone (if you ignore mining accidents & the Nazis).

You may have a point but the price has gone up regardless of your moral high ground and you are left paying the price. The same is true with property.

We all know shares and the like can (and do) go up and down. When we say we are waiting for a crash in the housing market so we can buy cheap we are speculating at a cost to others. We lose the morale high ground.

Gold is pretty useless stuff in real terms to most individuals on this forum. You can't eat it (I know, I know), drink it (I know, I know), or build a house with it (I know, I know). The sole purpose of investing in it for most here I think is to turn a profit so they can buy someone's repossessed house. Given that, why not go the whole hog and speculate on their breakfast as well

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You may have a point but the price has gone up regardless of your moral high ground and you are left paying the price. The same is true with property.

We all know shares and the like can (and do) go up and down. When we say we are waiting for a crash in the housing market so we can buy cheap we are speculating at a cost to others. We lose the morale high ground.

Gold is pretty useless stuff in real terms to most individuals on this forum. You can't eat it (I know, I know), drink it (I know, I know), or build a house with it (I know, I know). The sole purpose of investing in it for most here I think is to turn a profit so they can buy someone's repossessed house. Given that, why not go the whole hog and speculate on their breakfast as well

I'm with Jimmy on this one - if you think BTL is morally dubious because of what it does to house prices how can you possibly speculate in something even more essential than housing that will have real effects on a lot of people - and lets face it it won't be us that starve.

And no I don't it is a question of losing the moral ground just because we are waiting for a bubble to deflate in one life essential and the argument that everyone else is doing it doesn't hold much water either - but they are and will be so each to their own.

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Also don't forget that food is one area where governments have traditionally stepped in with controls when things got tough - whether by rationing or price controls. The price of bread (or rice, according to geography) has always been very politically charged.

Edited by cartimandua51

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Also don't forget that food is one area where governments have traditionally stepped in with controls when things got tough - whether by rationing or price controls. The price of bread (or rice, according to geography) has always been very politically charged.

And what about this basic commodity. How has the government stepped in here? How about we take it a step further and ask why our government can't price food and petrol at the same levels of say, Africa? Why are we forced to pay farmers (land owners) large sums of cash not to produce food? Surely if we took the subsidies away we would pay less tax and the farmers would produce more food which would bring the price down saving Joe Public even more money. Less would be spent transporting food around the country which would take make more fuel available thus pushing down the price of that also. All these saving would allow ppl to put a bit aside for a house even. I'm of the opinion that someone wants us to pay through the nose for everything..

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The problem with speculating in food is that you push the price up and people in poorer parts of the world go malnourished. Investing in gold never killed anyone (if you ignore mining accidents & the Nazis).

Betting (e.g. by buying an ETF DJ-AIG tracker) has no effect on food prices. You might as well get it while it's going.

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Betting (e.g. by buying an ETF DJ-AIG tracker) has no effect on food prices. You might as well get it while it's going.

:P

My days of betting are long gone but the words

You might as well get it while it's going

yeah!

Takes me back a few years when I used to chase every deal going

I may come over a bit hard on these boards but it's because I came through a lot some years back.

In the end I proved everyone wrong but that realisation stopped me short and I can no longer be bothered to argue with idiots. To my mind, if one wants a house badly enough they will get one and see through the maze of morales

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Betting (e.g. by buying an ETF DJ-AIG tracker) has no effect on food prices. You might as well get it while it's going.

It's not like betting on a horse. If your tracker tried to follow the price of commodities by backing horses then it would have a pretty high deviation, so it buys commodities instead. When you buy a tracker you're increasing the speculative demand for the things it tracks and the price goes up, even though the fund won't necessarily increase its holdings just because you've bought in.

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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