Tuesday, October 28, 2014

US Antares rocket to intl space station with 5K lbs of supplies explodes on launch























Another photograph of Obama's incompetence. We can't send even supplies reliably after cancelling the Shuttle program, but the Russians can get our astronauts there and back safely. Watch for yourself here.

Maybe NASA should spend less time making nice with Muslims who only want to kill us.

Gold price vs. CPI 2000-2014

Gold averaged $279 in 2000, and so far in 2014 has averaged $1,282 the ounce, an increase of about 360%.

The all items CPI has risen over the same period from 174 to 238, or about 36%.

Which one do you think is the more accurate measure of inflation?

VGPMX tanked to 9.50 yesterday

You have to go back to 2002 to get a price lower than that. Declining gold prices from nearly $1,900 an ounce in 2011 to a range around $1,200 now have put the screws to miners' profitability. New accounting rules for the industry suggest that costs to produce an ounce are too high to justify more production in many places, costs which well exceed the current price of gold. That might mean a floor for the price of gold has been or will be forming near $1,200 as higher cost mines slow production. The average price per ounce in 2013 of $1,411 has fallen so far in 2014 to $1,282.