Members mocking Rolex increase ?

[Edfrozen]

Has anyone noticed what the dollar buys now compared to three years ago five years ago ,10 years ago ,20 years ago? Paper currency to has lost much value and continue to do so.

Almost everything I buy has gone up in price dramatically

Maybe its just inflation

The reverse is much worse (deflation )

Thoughts?

[Fleetlord]

Won't be a factor for many buyers of Rolex.

[Obi Wan]

All fiat currencies, especially the dollar and the euro, will disappear at some point. Everything has gone up in price dramatically, as you say, because the central banks are printing money without any kind of control in order to pay the massive public debt.

We will return to the gold standard sooner or later because the debt of the vast majority of the developed countries are absolutely impossible to be paid and the paper money will end up being worthless. Till then, prices will rocket to the moon, Rolex and everything else.

The 2025 Rolex price increase of the PM watches will be “cheap” in the future…

[kritameth]

What’s inflation?

[Trouble15]

Originally Posted by kritameth

What’s inflation?

I could be wrong but I believe inflation is an old, old wooden ship that was used during the Civil War era.

[brandrea]

Right? I used to buy a loaf of bread for 25 cents

[KatGirl]

Originally Posted by brandrea

Right? I used to buy a loaf of bread for 25 cents

I remember when gas was 29.9 cents per gallon.

Kat


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[Kevin of Larchmont]

Originally Posted by KatGirl

I remember when gas was 29.9 cents per gallon.

Kat


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I remember Ethyl!

And the year I graduated high school a pack of smokes was under a buck! Marlboro Reds and Camel Filters….the sulphur in the smoke of the match and the crackle of the first drag. I’m surprised I got old enough to reminisce, quite frankly.

[geoach]

Originally Posted by KatGirl

I remember when gas was 29.9 cents per gallon.

Kat


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all relative.......what was your income at the time?

[77T]

Originally Posted by geoach

all relative.......what was your income at the time?

That is the key here...

Most look at cost but ignore income. The paper currencies are an accounting tool representing the stability (or instability) of an economic model whereby people exchange their labor or production value for goods and services.

Year/Median Hourly Wage (USD) - Source

2004/$15.67 - SSA

2014/$20.67 - SSA

2019/$23.79 - SSA

2024/$35.61 - St. Louis Fed.


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[Krash]

Originally Posted by 77T

That is the key here...

Most look at cost but ignore income. The paper currencies are an accounting tool representing the stability (or instability) of an economic model whereby people exchange their labor or production value for goods and services.

Year/Median Hourly Wage (USD) - Source

2004/$15.67 - SSA

2014/$20.67 - SSA

2019/$23.79 - SSA

2024/$35.61 - St. Louis Fed.


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There are two sides of the coin. There is the professional & investor class. Their gains outpaced inflation.

But then there is the working class. Things are very different for them. And these people make up the majority.


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[padi56]

Originally Posted by KatGirl

I remember when gas was 29.9 cents per gallon.

Kat


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I can remember when you could get 4 gallons of petrol for just £1

[nyc2la]

Cue Steven @enjoythemusic …

[enjoythemusic]

Originally Posted by nyc2la

Cue Steven @enjoythemusic …

Wish? Did someone say wish?



Your wish is granted. Long live Jambi.

[nyc2la]

Originally Posted by enjoythemusic

Wish? Did someone say wish?

Attachment 1475270

Your wish is granted. Long live Jambi.

Haha.

Waiting for your economics class on fiat currencies, decline of purchasing power, etc…

[enjoythemusic]

Originally Posted by nyc2la

Haha.
Waiting for your economics class....

But we all know i have no class. I defer to others who are far wiser. What did you hear?

[Calatrava r]

No one is "mocking" the price increase. It was expected as everything is going up.

[CFR]

Originally Posted by enjoythemusic

Wish? Did someone say wish?

This thread was MADE for you -- an Internet Xmas present! You're demonstrating tremendous restraint so far. But we need to hear it!!

[nyc2la]

Originally Posted by CFR

This thread was MADE for you -- an Internet Xmas present! You're demonstrating tremendous restraint so far. But we need to hear it!!

Exactly!

[HMHM]

Don't really understand what you mean by 'mocking' though? I believe no one wants to pay more for the same product. Thats just stupid. However, if the watch has gone up in price but it is still something that I want then I am still going to buy it if the situation permits.

[codecow]

I mock the price increase and laugh in its face!

[enjoythemusic]

Originally Posted by codecow

I mock the price increase and laugh in its face!

That's the spirit!

[codecow]

Originally Posted by enjoythemusic

That's the spirit!

Thank you, I think maybe this year I will pick up a PM SD and when presented with the bill I will laugh at it and say, “that’s it?”

[Guppydriver]

Two tacos at Jack in the Box are still 99 cents like they were when I was in college in the 90’s. I don’t what the hell all the complaining is about.

[misochew]

Originally Posted by Guppydriver

Two tacos at Jack in the Box are still 99 cents like they were when I was in college in the 90’s. I don’t what the hell all the complaining is about.

No they’re not. Just got some the other day. …JITB Tacos are one of the best human inventions ever!

[Guppydriver]

Originally Posted by misochew

No they’re not. Just got some the other day. …JITB Tacos are one of the best human inventions ever!

You are a filthy LIAR! NO!!!NO!!! It can’t be true.

(Me retreating hysterically to my tub like in the “Crying Game”)

Thanks for ruining my Christmas .

[123Blueface]

I remember when an entire pizza was $1.25

[Flintstone]

Originally Posted by Guppydriver

Two tacos at Jack in the Box are still 99 cents like they were when I was in college in the 90’s. I don’t what the hell all the complaining is about.

That’s because they are the SAME tacos you were chowing down when you were in college in the 90’s.

[JoseR]

Originally Posted by Flintstone

That’s because they are the SAME tacos you were chowing down when you were in college in the 90’s.

[Guppydriver]

Originally Posted by Flintstone

That’s because they are the SAME tacos you were chowing down when you were in college in the 90’s.

Winner


Speaking of JITB tacos, rumor has it that after 30 years and millions of dollars spent, scientists in both Lucerne and Brussels are on the precise of finding out exactly what Jack in the Box taco meat actually is.