• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Gold vs Wine: We Have A Winner

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Mon, 11/28/2011 - 11:44 | 1920976 GeneMarchbanks
GeneMarchbanks's picture

Cheers to that!

Mon, 11/28/2011 - 11:47 | 1920999 PaperBear
PaperBear's picture

I'll drink to that. Too obvious ?

Mon, 11/28/2011 - 11:48 | 1921003 gmrpeabody
gmrpeabody's picture

Going long aeration.

Mon, 11/28/2011 - 11:57 | 1921044 Schmuck Raker
Schmuck Raker's picture

Buy the *hic*

Mon, 11/28/2011 - 12:03 | 1921069 Turd Ferguson
Turd Ferguson's picture

I'd have no problem whatsoever switching to the "wine standard". In fact, I encourage it.

Mon, 11/28/2011 - 12:42 | 1921222 trav7777
trav7777's picture

you can eat gold, shit it out and still have it...sounds like win/win

Mon, 11/28/2011 - 12:54 | 1921282 Jack Napier
Jack Napier's picture

Big surprise, whining doesn't accomplish as much as stacking.

Mon, 11/28/2011 - 13:46 | 1921484 InconvenientCou...
InconvenientCounterParty's picture

Base wealth is more or less defined as the quantity of non-consumable units you can trade for consumables.

Wine in particular is fragile and depends on a number of counter parties. Handling and storage history are big, so the shit ends up like RMBS in a sense. The more the bottle changes hands, the more counter party liability you acquire. I doubt the ZH crowd would want any part of that circus.

If the consumable seems too complicated to formulate an index for, or it's a collectable item with notional value, don't bother.

I'm standing by for the definitive gold/hard liquor, gold/oil, gold/coffee, gold/wheat and gold/rent charts. Gold is money first and a spec. carry trade second. It is most certainly not a religion.


Mon, 11/28/2011 - 13:18 | 1921361 caconhma
caconhma's picture

Naturally, wine is a winner. You cannot drink gold.

Mon, 11/28/2011 - 15:42 | 1922149 monoloco
monoloco's picture

In a flight to quality i'm taking this as an opportunity to back the truck up on Chateau d'Yquem.

Mon, 11/28/2011 - 12:11 | 1921072 Pladizow
Pladizow's picture

Show me the Goldschlager vs. Resveratrol chart!


Mon, 11/28/2011 - 12:37 | 1921199 margaris
margaris's picture

remember to buy PHYSICAL wine,
if you cant spit it out, you dont own it!

Mon, 11/28/2011 - 12:14 | 1921109 Ahmeexnal
Ahmeexnal's picture

You should not drink wine.
Unless you want Bisphenol A to ruin you.

Mon, 11/28/2011 - 12:25 | 1921156 Uncle Remus
Uncle Remus's picture



Mon, 11/28/2011 - 12:32 | 1921181 Alfred E. Newman
Alfred E. Newman's picture


Mon, 11/28/2011 - 12:38 | 1921202 Matt
Matt's picture

Wine in a plastic bag is not fine wine.

Mon, 11/28/2011 - 13:11 | 1921348 Ghordius
Ghordius's picture

What does it take for you to make a positive comment?
"this blood on the street, not red enough..." ;-)

Mon, 11/28/2011 - 13:48 | 1921490 Ahmeexnal
Ahmeexnal's picture

What does it take for you to make a positive comment?

Maybe if I drank some Kool-Aid?

But I prefer drinking real fruit juice.

Mon, 11/28/2011 - 14:08 | 1921575 tarpuranus
tarpuranus's picture

Wine is REAL fruit juice..that's what I tell my wife

Mon, 11/28/2011 - 12:03 | 1921071 WhiteNight123129
WhiteNight123129's picture

Guys there is a Processed Tobacco Index on BLoomberg which available over a long period of time 1947. You have to add farm productivity. It tracks slower inflation in the early 1990s very well as well as 2002-2003. Tobacco demand is very inelastic to price, it is not subsituable to any other soft commodity, only substituable to other very addictive substance maybe. Actually it was used in the XVII century as alternative currency in Virginia because of lack of Gold. That is a way to rebuke the bullshit about CPI-U hands down, that with the nowandthefutures index on utilities garbage collection, you have a pretty good way to debunk inflation BS. Of course if you live in the US and do your own shopping you know. The processed tobacco increase is extremely steady with lowest volatility of ANY soft commodity price (inelastic end demand and 0 substitution). Right it tells us we have 7-8% inflation.

Mon, 11/28/2011 - 12:05 | 1921078 WhiteNight123129
WhiteNight123129's picture

BTW up to 1971 the processed tobacco was kind rather stable, it explosed in sync after Nixon got out of Gold window.

Mon, 11/28/2011 - 12:06 | 1921080 Carlyle Groupie
Carlyle Groupie's picture

No coke charts? Bah humbug!

Mon, 11/28/2011 - 13:23 | 1921391 aldousd
aldousd's picture

nobody knows what the shelf life of cocaine is, much less that of it's value, because it has a very high velocity.

Mon, 11/28/2011 - 11:43 | 1920977 SelfGov
SelfGov's picture

It is finally profitable to turn on my wine-into-gold machine.

Mon, 11/28/2011 - 12:12 | 1921098 Boba Fiat
Boba Fiat's picture

You people are foolish.  It only costs $5 to dig wine out of the earth. 

Mon, 11/28/2011 - 12:36 | 1921190 Alfred E. Newman
Alfred E. Newman's picture

well try again 1.50/per 100# of grape

Mon, 11/28/2011 - 12:53 | 1921270 Jack Napier
Jack Napier's picture

$5 is supposedly how much it costs to mine an oz of silver. Both statements are equally ludicrous, but only one of them has the /sarc.

Mon, 11/28/2011 - 11:44 | 1920979 thunderchief
thunderchief's picture

South African Wines are the best.


Mon, 11/28/2011 - 11:45 | 1920991 GeneMarchbanks
GeneMarchbanks's picture

A Stellenbosch to you my friend!

Mon, 11/28/2011 - 11:48 | 1921007 Gandalf6900
Gandalf6900's picture

please come back to reality

Mon, 11/28/2011 - 11:58 | 1921048 Troy Ounce
Troy Ounce's picture


Mon, 11/28/2011 - 12:31 | 1921178 Alfred E. Newman
Alfred E. Newman's picture

In your dreams, TAKE THAT BACK.

The surprise of the decade is great wines from Arizona.

Mon, 11/28/2011 - 12:41 | 1921215 Tsunami Wave
Tsunami Wave's picture

In all honesty, some of the best wines you may ever taste come from the finger lakes in upstate New York.  It is that damn good.

Mon, 11/28/2011 - 12:41 | 1921217 Nobody For President
Nobody For President's picture

He he, you make the little joke, eh.

How about 'great wines from North Dakota'?

Oh, wait - you meant 'whines', right?

Mon, 11/28/2011 - 11:44 | 1920980 jomama
jomama's picture

wash that ingot down, bitchez.

Mon, 11/28/2011 - 11:44 | 1920987 The Axe
The Axe's picture

I am long single malt scotch and short Chinese internet stocks..

Mon, 11/28/2011 - 11:48 | 1921001 GeneMarchbanks
GeneMarchbanks's picture

Well played. Major divergence there indeed.

Mon, 11/28/2011 - 11:45 | 1920990 homer8043
homer8043's picture

Wine is recommended when following the markets and news. Or at least should be.

Mon, 11/28/2011 - 11:45 | 1920992 bernorange
bernorange's picture

In vino veritas


Mon, 11/28/2011 - 11:57 | 1921015 Smithovsky
Smithovsky's picture

Edere non potes aurum, canes.  

In vino opes.


Mon, 11/28/2011 - 11:45 | 1920993 No One
No One's picture

and both, when used properly, can get you fucked!

Mon, 11/28/2011 - 11:52 | 1921022 gmrpeabody
gmrpeabody's picture

In more ways than one..., if used improperly.

Mon, 11/28/2011 - 11:46 | 1920994 SilverIsKing
SilverIsKing's picture

It looks like they began lacing wines with Tungsten at the start of 2011.

Mon, 11/28/2011 - 11:46 | 1920996 dereksatkinson
dereksatkinson's picture

Is the news day really that slow?

Mon, 11/28/2011 - 11:55 | 1921036 GeneMarchbanks
GeneMarchbanks's picture

Let's see.

Bullshit ramp... check.

Europe fixed... check.

Magic pixie dust rumor-mill... running at full capacity.

Mon, 11/28/2011 - 11:48 | 1921006 Smithovsky
Smithovsky's picture

Keeping your wealth in wine is dangerous, especially if you have a party and the cheap stuff runs out.  

Gold wins not despite of being inedible but because of it.  

Mon, 11/28/2011 - 11:49 | 1921008 slaughterer
slaughterer's picture

The live-ex fine wine index, unlike gold, is basically driven by Hong Kong froth and Asian hot money.  It is an alternative way to short a Chinese hard landing.   

Mon, 11/28/2011 - 11:49 | 1921009 SHEEPFUKKER

It's so weird, the more wine I drink, the more times I hit the buy button on Apmex. 

Mon, 11/28/2011 - 12:15 | 1921110 slewie the pi-rat
slewie the pi-rat's picture

when they have a wine-tasting competition, what do they award to the best?

G0LD, not goldi!

Mon, 11/28/2011 - 12:36 | 1921187 NotApplicable
NotApplicable's picture

So, correlation does equal causation in this case?

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