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is money growing on trees now

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pinball

Well-known Member
i have been looking for an older backhoe and skidloader. it would seem these things have gotten higher
than a kite. maybe people are richer now. even some older tractors are higher than they use to be. sign
of the times i guess.
 
And I thought you were going to complain about the price of lumber! The economy is rebounding very fast, the supply chain is having a hard time keeping up. I'm glad I don't need to buy anything. About trees, I have been worried about stumpage prices dropping with all the paper mills shutting down, but I just heard there is going to be a new OSB plant built in N MN, that is good!
 


There are enough people getting huge increases in income that higher prices due to inflation are insignificant and they are able to push prices independently of inflation.
 
I think the price of new backhoes fall real fast. Then there is a bottom price. If it works, hoses, pumps, cylinders have been repaired or replaced. The age doesn't lower the price that much.

Ex. My first 2004 terramite was 4 years old and 400 hours. 13 years later it still worth what I paid for it. There is a bottom price for a good running older terramite. So age doesn't seem to matter that much.
 


You had $6 Trillion injected into the economy. More $$$ in circulation without a corresponding increase in available desired goods means inflation HAS to occur. Check your grocery prices, car prices, home prices. It's not just machinery shooting up.
 
(quoted from post at 16:04:18 06/23/21) i have been looking for an older backhoe and skidloader. it would seem these things have gotten higher
than a kite. maybe people are richer now. even some older tractors are higher than they use to be. sign
of the times i guess.
Click to expand...

Gotten? GOTTEN?

The prices on these things have been higher than a kite for YEARS. Way before any of this happened.

These machines are in high demand, always have been. Sellers think they have a golden shoebox, their old Case 580, not even a B or C model, is worth $10,000. A lot of times they get what they're asking.
 
Like yourself, lots of people are also doing home improvement projects right now and are increasing the demand for older backhoes and skid loaders. Consider renting, or if you are not a skilled operator, hiring the work done.
 
Every small construction company booming here. Lots of young guys scrambling to find small machines to tackle all the landscaping and home improvement work people want to do because they were sitting stuck at home. 10 buyers for every machine out there right now and they have work for it right away so they will borrow money to get it.
 
Too much money flooding the economy to buy the same or less goods,thanks to the Federal Reserve and massive borrowing and spending.

And yet gold is down 8 percent since the first of the year. Is there no demand for Krugerrands, or is gold a lousy inflation hedge? Or both?
 

Yeah, I bot some gold in March and lately it went down but I guess I'll hold it watch for a comeback.

About every construction, plumbing, and electrical small business is always wanting equipment of their own so they don't have to rent. Their first choice is usually some type of skid steer and then something with a hoe after that. The third choice is usually a shovel/spade and hand dig something. Good luck finding help anymore who has hands that fit a shovel handle. My hands never fit a shovel handle either and that is why they invented gloves. I got plenty of blisters back in the day to prove it.
 
> You just stick with your paper and computer screen figures,enjoy the ride.Real wealth always has won out and will this time.

TF, you and I must have different definitions of 'real wealth'. My broadly diversified retirement portfolio continues to grow, even as I take regular distributions from it. When was the last time that pile of gold under your mattress cut you a check?
 
When was the last time your fire insurance paid you anything? Gold and Silver among a lot of other things are insurance against a failing currency that is worth less every day,Unlike car or fire insurance its a one time buy that goes up in value all the time.And like fire insurance I hope I never have to use but looking at the economic wildfires lighting up things aren't looking too good.As far as paying back ask the people in my area that held Wachovia stock back in 08 how those payments worked out when their stock went to $1 a share.
 
> When was the last time your fire insurance paid you anything? Gold and Silver among a lot of other things are insurance against a failing currency that is worth less every day,Unlike car or fire insurance its a one time buy that goes up in value all the time.And like fire insurance I hope I never have to use but looking at the economic wildfires lighting up things aren't looking too good.As far as paying back ask the people in my area that held Wachovia stock back in 08 how those payments worked out when their stock went to $1 a share.

Well, TF, I sure hope that currency collapse you're yearning for comes around before you depart this vale of tears. It would be a shame if you had to take all your bullion with you. But in the mean time, doesn't it get uncomfortable sleeping on that lumpy mattress? Paper is oh-so-much more comfortable to lie on.
 
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