Good as gold

[DimPrawn]

Gold price hits record high on inflation fears - Telegraph

[scooterscot]

toot toot, as you say.

On Thursday, the European Central Bank is expected to raise interest rates, making the euro more attractive to foreign investors and raising the prospect of further weakening of the dollar.

[TimberWolf]

I wonder what a UK house prices versus (Mars Bars or Big Macs) would look like ?

[Waldorf]

Gold has had its day.

The price might nudge higher in the short term, depending upon what happens in the Middle East, longer term, the price will fall.

[AtW]

I wonder what a UK house prices versus (Mars Bars or Big Macs) would look like ?

chocolate bars getting smaller and smaller...

[TimberWolf]

chocolate bars getting smaller and smaller...

I know. And as for vegetables, I hope it's a seasonal thing as it seems like it was only a few months ago when a bag of veg cost £1, now it's £2. And I think there are putting more water in the bags measured in weight. I seem to get less veg that in the £1 bags of yesteryear anyway.

[TimberWolf]

At the end of 2009, it was estimated that all the gold ever mined totaled 165,000 tonnes[1] This can be represented by a cube with an edge length of about 20.28 meters. The value of this is very limited; at $1,200 per ounce, 165,000 tons of gold would have a value of only $6.6 trillion.
Gold - Wikipedia, the free encyclopedia

$6.6 trillion = $6.6 * 10^12. So how many houses would all the gold in the world buy in the UK? Say an average house costs a rather modest $100,000. $6.6 * 10^12 / $100,000 = 66 * 10^6, which is about the official size of the UK population (and about half the actual figure but I digress). So enough to buy everyone in the UK a house. Except of course we'd run out of room if everyone in the UK had a house and prices would rocket.

[amcdonald]

I know. And as for vegetables, I hope it's a seasonal thing as it seems like it was only a few months ago when a bag of veg cost £1, now it's £2. And I think there are putting more water in the bags measured in weight. I seem to get less veg that in the £1 bags of yesteryear anyway.

Buy them from the local market then, it's cheaper than supermarkets and you're supporting small businesses...a double win

[TimberWolf]

Buy them from the local market then, it's cheaper than supermarkets and you're supporting small businesses...a double win

I didn't know that. I should probably buy a lettuce instead of the bags anyway.

Cheapest bang for buck in energy terms seems to be flour followed by rice and oats. And further down the leader board pasta and lentils. Not including sugar and olive oil that are almost pure calories and not really meals.