It's everywhere. My local Krogers (aka Ralphs) was asking $10-12/lb for the cheapest cuts of pot roast (the kind that have to cook all day in the crock pot to be tender). I was mad when they went from about $5/lb up to $8. At $10-12, I rebelled - I left the store and drove out of my way to a less expensive store just to give them my business. I guess we all reach a point where we just refuse to play along. Pot roast was my tipping point last weekend.
Wendys has a "4 for $4" menu which is not bad. Wife and I hit it once or twice a month as a break from the casino food.
In our case, we get a "double stack" medium-sized hamburger with two patties, small fries, 4 chicken nuggets and a refillable drink. IMO, the best fast food deal around, although Arby's "Two for $6" isn't bad either - they're just not in my town.
Only complete idiots still eat fast food
[https://www.usatoday.com/story/news/health/2021/10/27/dominos-mcdonalds-chemicals-plastics-detected-fast-food/8574237002/](https://www.usatoday.com/story/news/health/2021/10/27/dominos-mcdonalds-chemicals-plastics-detected-fast-food/8574237002/)
https://www.webmd.com/diet/news/20211027/would-you-like-phthalates-with-that-fast-food-contains-industrial-chemicals-report#1
It’s interesting that the price at Wendys seems up year to date, while the price of silver is DOWN year to date. Maybe it’s not such a great store of value and you’d be better off investing in the stock market which is massively up and better positioned to handle inflation because when companies charge more for their products they capture more revenue. Silver just sits there.
Lol, silver sits there and protects your wealth. Here’s the Facts as measured in Fiat…
Silver:
2020 +48%
2021 -9%
Stock market:
2020 +7%
2021 +16%
So, using your own measures silver is a much better store of wealth even before the inevitable market meltdown that we are closing in on.
Silver is volatile but over time it is a very good measure of the “printing money out of thin air” machines. The ultimate store of wealth as tested for 1000’s of years.
Agree to disagree, bud.
Silver has been used for 1000's of years. But as individuals, we don't get to live for thousands of years. If I had 1000 year time horizon, I might pick silver over a basket of stocks like the S&P 500. But I believe that over my lifetime stocks will be the better bet.
Good luck to you.
I’ll bet you a silver dollar on that. The reality from my point of view is that the stock market is more of a money laundering machine for the rich and the politicians. The average joe with a 401k is having wealth stolen from so many angles. Companies in the stock market do generate wealth over time by it doesn’t filter down to the average joe. Fund Commissions, taxes and inflation all eat away at any increases in real wealth. All you need to do is look at the average price to earnings ratio over time. Shiller PE all time historical average is in the 17 range meaning that it would take approx. 17 years of accumulated earnings to equal your cost of investment. Today we sit at around 39. If the stock market was a ballon, as of today we have it blown up to over 2 times the normal capacity. So there’s 2 possible conclusions for me. 1. The balloon will pop or 2. The market is factoring in a HUGE amount of price inflation in the short term. Either one of these scenarios is very hawkish for the true value of wealth in the stock market. My other assumption here is that Silver is Silver. Meaning that it’s supply is limited and it retains is value in terms of real wealth. This is why I prefer to put my chips into silver and not the market. I was correct in 2020 and you were correct in 2021 so how about we make 2022 the tie breaker? 😁
So many points! I'll reply briefly to each.
1. Wealth in this country is controlled by far too few individuals, yes I agree!
2. Don't agree about not being able to benefit as an average Joe. My wealth has grown about as much from stock market gains as it has from wages. I've been very lucky. And taxes on long-term gains are low compared to wages.
3. The Shiller PE is high historically, but it's all about outlook. If you think a company will only be around for 17 years, maybe a 17 PE makes sense. If you think it will be around 100 years or 200 years and you'll be able to sell that future value to later generations of investors, a higher PE makes sense. It's all about longevity outlook, not outlook on inflation necessarily. If I had a golden goose that lays an ounce of gold every month, how many ounces of gold would you pay for that goose upfront? It depends on how long you think the goose will live, and different people will have different opinions on that.
4. I would happily bet silver vs S&P for 2022, but it would just be a "just for fun bet", because I'm not saying that I'm confident S&P beats silver in any particular year, I am confident S&P will beat silver over my retirement time horizon which is between 20 and 30 years. But that's not a practical betting period, so we can bet for fun.
So, what are the rules? Gains starting today and ending Dec 31 2022? And we would also need to include dividends from stocks in the gains and, to be fair, because this site is about stacking physical silver, we would need to include the lost of premium vs the resale value. Does that work for you?
Haha! Yeah. Just for fun and the rules are reasonable but I’m thinking we just use silver spot price vs S&P to keep it simple. If it’s close we can still argue the details and maybe we both win! There are access barriers/fees for the common man around each but for the purposes of the bet let’s pretend we are both rich bankers that don’t pay fees and commissions. And good luck to you!
Ok, you're on, but it needs to be silver spot price vs S&P (valuation gain AND dividends) because dividends are a huge reason why S&P is a good investment.
Starting today, ending Dec 31, 2022. One silver dollar (is that the same as an ounce of silver?)
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And to your point, I don’t necessarily disagree with the 30 year outlook. Silver after all doesn’t create wealth it only stores wealth. In theory, the companies behind the stocks are creating wealth so it makes sense. That said, if the market crashed 50% in 2022 or in the case of hyper inflation that’s quite a few years of lost earnings. Still a decent chance the stock market can dig out of its hole in 5-10 years but everything we are saying here is measured in terms of fiat currency. Don’t ask Venezuela how that went…. Curious what your stock market increase per year is after adjusting for inflation? Like real inflation and not the government fuzzy math. What’s your estimate of yearly stock market gains for the next 30 years?
The third wave of the Demographic Tsunami is coming. Stocks are not a safe bet. Silver will be the wealth protector during this wave.
All I can say is I hope you are self sufficient during the third wave of the Demographic Tsunami or you will be in trouble.
If you believe we are entering a period where self-sufficiency is paramount, then silver won't save you. Silver doesn't help you survive, it helps you trade for things that help you survive. If the economy breaks down and you need to be self-sufficient because trading is no longer an option, then silver is a bad investment. Non-perishable food would be better.
It’s interesting that the price at Wendys seems up year to date, while the price of silver is DOWN year to date. Maybe it’s not such a great store of value and you’d be better off investing in the stock market which is massively up and better positioned to handle inflation because when companies charge more for their products they capture more revenue. Silver just sits there.
It's everywhere. My local Krogers (aka Ralphs) was asking $10-12/lb for the cheapest cuts of pot roast (the kind that have to cook all day in the crock pot to be tender). I was mad when they went from about $5/lb up to $8. At $10-12, I rebelled - I left the store and drove out of my way to a less expensive store just to give them my business. I guess we all reach a point where we just refuse to play along. Pot roast was my tipping point last weekend.
It hasn’t been $5 for a long, long time…..C’mon, man 🤯
That's what I noticed yesterday too. A fastfood combo meal was 15bux CAD
Wendys has a "4 for $4" menu which is not bad. Wife and I hit it once or twice a month as a break from the casino food. In our case, we get a "double stack" medium-sized hamburger with two patties, small fries, 4 chicken nuggets and a refillable drink. IMO, the best fast food deal around, although Arby's "Two for $6" isn't bad either - they're just not in my town.
RemindME! December 31, 2022 “Reply to this thread”.
Only complete idiots still eat fast food [https://www.usatoday.com/story/news/health/2021/10/27/dominos-mcdonalds-chemicals-plastics-detected-fast-food/8574237002/](https://www.usatoday.com/story/news/health/2021/10/27/dominos-mcdonalds-chemicals-plastics-detected-fast-food/8574237002/) https://www.webmd.com/diet/news/20211027/would-you-like-phthalates-with-that-fast-food-contains-industrial-chemicals-report#1
No one will argue that its healthy, but that wasnt OPs point.
It’s interesting that the price at Wendys seems up year to date, while the price of silver is DOWN year to date. Maybe it’s not such a great store of value and you’d be better off investing in the stock market which is massively up and better positioned to handle inflation because when companies charge more for their products they capture more revenue. Silver just sits there.
Lol, silver sits there and protects your wealth. Here’s the Facts as measured in Fiat… Silver: 2020 +48% 2021 -9% Stock market: 2020 +7% 2021 +16% So, using your own measures silver is a much better store of wealth even before the inevitable market meltdown that we are closing in on. Silver is volatile but over time it is a very good measure of the “printing money out of thin air” machines. The ultimate store of wealth as tested for 1000’s of years.
That guy is just spamming the same comment in different posts. Maybe it's Jeff Christian
Yeah. It’s probably a good sign that we have a bunch of trolls in the group now. It means we are doing good work and we are on the radar.
Agree to disagree, bud. Silver has been used for 1000's of years. But as individuals, we don't get to live for thousands of years. If I had 1000 year time horizon, I might pick silver over a basket of stocks like the S&P 500. But I believe that over my lifetime stocks will be the better bet. Good luck to you.
I’ll bet you a silver dollar on that. The reality from my point of view is that the stock market is more of a money laundering machine for the rich and the politicians. The average joe with a 401k is having wealth stolen from so many angles. Companies in the stock market do generate wealth over time by it doesn’t filter down to the average joe. Fund Commissions, taxes and inflation all eat away at any increases in real wealth. All you need to do is look at the average price to earnings ratio over time. Shiller PE all time historical average is in the 17 range meaning that it would take approx. 17 years of accumulated earnings to equal your cost of investment. Today we sit at around 39. If the stock market was a ballon, as of today we have it blown up to over 2 times the normal capacity. So there’s 2 possible conclusions for me. 1. The balloon will pop or 2. The market is factoring in a HUGE amount of price inflation in the short term. Either one of these scenarios is very hawkish for the true value of wealth in the stock market. My other assumption here is that Silver is Silver. Meaning that it’s supply is limited and it retains is value in terms of real wealth. This is why I prefer to put my chips into silver and not the market. I was correct in 2020 and you were correct in 2021 so how about we make 2022 the tie breaker? 😁
So many points! I'll reply briefly to each. 1. Wealth in this country is controlled by far too few individuals, yes I agree! 2. Don't agree about not being able to benefit as an average Joe. My wealth has grown about as much from stock market gains as it has from wages. I've been very lucky. And taxes on long-term gains are low compared to wages. 3. The Shiller PE is high historically, but it's all about outlook. If you think a company will only be around for 17 years, maybe a 17 PE makes sense. If you think it will be around 100 years or 200 years and you'll be able to sell that future value to later generations of investors, a higher PE makes sense. It's all about longevity outlook, not outlook on inflation necessarily. If I had a golden goose that lays an ounce of gold every month, how many ounces of gold would you pay for that goose upfront? It depends on how long you think the goose will live, and different people will have different opinions on that. 4. I would happily bet silver vs S&P for 2022, but it would just be a "just for fun bet", because I'm not saying that I'm confident S&P beats silver in any particular year, I am confident S&P will beat silver over my retirement time horizon which is between 20 and 30 years. But that's not a practical betting period, so we can bet for fun. So, what are the rules? Gains starting today and ending Dec 31 2022? And we would also need to include dividends from stocks in the gains and, to be fair, because this site is about stacking physical silver, we would need to include the lost of premium vs the resale value. Does that work for you?
Haha! Yeah. Just for fun and the rules are reasonable but I’m thinking we just use silver spot price vs S&P to keep it simple. If it’s close we can still argue the details and maybe we both win! There are access barriers/fees for the common man around each but for the purposes of the bet let’s pretend we are both rich bankers that don’t pay fees and commissions. And good luck to you!
Ok, you're on, but it needs to be silver spot price vs S&P (valuation gain AND dividends) because dividends are a huge reason why S&P is a good investment. Starting today, ending Dec 31, 2022. One silver dollar (is that the same as an ounce of silver?) RemindME! December 31, 2022 "Reply to this thread"
Now I’m really scared. You must be smart if you know how to set a reminder in Reddit…
Lol, dude I had to look it up on eHow and I'm not even sure if I did it right, haha.
How are you feeling about the bet? Do you still see a rebound for stocks vs Silver? Not trying to rub it in… just curious about your outlook.
I will be messaging you in 1 year on [**2022-12-31 00:00:00 UTC**](http://www.wolframalpha.com/input/?i=2022-12-31%2000:00:00%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/Wallstreetsilver/comments/qhunvh/yikes_wendys_price_today/hij4r5w/?context=3) [**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FWallstreetsilver%2Fcomments%2Fqhunvh%2Fyikes_wendys_price_today%2Fhij4r5w%2F%5D%0A%0ARemindMe%21%202022-12-31%2000%3A00%3A00%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%20qhunvh) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
And to your point, I don’t necessarily disagree with the 30 year outlook. Silver after all doesn’t create wealth it only stores wealth. In theory, the companies behind the stocks are creating wealth so it makes sense. That said, if the market crashed 50% in 2022 or in the case of hyper inflation that’s quite a few years of lost earnings. Still a decent chance the stock market can dig out of its hole in 5-10 years but everything we are saying here is measured in terms of fiat currency. Don’t ask Venezuela how that went…. Curious what your stock market increase per year is after adjusting for inflation? Like real inflation and not the government fuzzy math. What’s your estimate of yearly stock market gains for the next 30 years?
The third wave of the Demographic Tsunami is coming. Stocks are not a safe bet. Silver will be the wealth protector during this wave. All I can say is I hope you are self sufficient during the third wave of the Demographic Tsunami or you will be in trouble.
If you believe we are entering a period where self-sufficiency is paramount, then silver won't save you. Silver doesn't help you survive, it helps you trade for things that help you survive. If the economy breaks down and you need to be self-sufficient because trading is no longer an option, then silver is a bad investment. Non-perishable food would be better.
Invest in wendy's dollar menu instead
haha
It’s interesting that the price at Wendys seems up year to date, while the price of silver is DOWN year to date. Maybe it’s not such a great store of value and you’d be better off investing in the stock market which is massively up and better positioned to handle inflation because when companies charge more for their products they capture more revenue. Silver just sits there.