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Why GPU prices are NOT likely to drop significantly EVER!

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Bill Turnip said:
The amount he's made, you'd think he'd have stepped up a notch from the 6700. With his £300 profit (£150 of today's purchasing power) that he transferred from us, he could have at least got a 6800xt.

If he's going to spend my money, he might as well enjoy it!
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:cry:

Maybe he bought some non paper assets with the change..
 
Harold lloyd said:
Actually I paid next to nothing for a brand new shiny GPU. Here's how.

Say I buy a non paper asset years ago for £200 because I believe the National currency will lose value.
Now some years later this asset is worth 5 times at £1000, so I sell it for £1000 cash and pay £700 for the Gigabyte GPU then
I still have £300 left which would be say worth £150 in todays purchasing power terms, so I am only £50 pounds out of pocket on the GPU! :cool:

Now where did the £800 profit come from?
From people who are betting against me and they are both rich and poor who are in cash like a bank/savings/high interest account!

Anyone who is staying in cash is betting/investing against me and since I am winning your wealth is being transferred to me!
So I am using YOUR money to pay for my GPU and other expensive parts in my rig, and what about my monthly bills who is paying that YOU or me! :cry:

Hope you get the explanation folks.

Regards, Harold
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You earned the £800 from buying/selling assets. I sometimes buy and sell things for profit as well.

It doesn't mean the things we buy are free or partly paid for.

If I buy shares for £200 and sell them for £2000, I've earned that extra £1800 by buying/selling. If I then buy a GPU for £500, then it's still cost me £500. It's not free is it? It was "earned" by trading.
 
Harold lloyd said:
Actually I paid less than £200 for the 6700xt so my crystal ball DID work with flying colours! :D

Here's how, years ago before major inflation/currency collapse was even a blip on the radar I got mostly out of paper assets
and they have gone up about 5 times and even faster as the currency collapses so I can sell an asset at todays prices to buy something in cash,
so if I buy a 2k GPU it costs me less than £500! ;)
Most of you won't have this advantage. I don't have much in cash/paper/credit and more inflation and my non paper assets just go higher.
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Harold lloyd said:
Actually I paid less than £200 for the 6700xt so my crystal ball DID work with flying colours! :D


I went to work last week and made wages, I then used these wages to pay my bills
Does that mean all my bills were free?
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So someone is saying they have gambled some money, won the bet they made and bought a graphics card from their gambling winnings. So what? Gambling isn't something new and people sometimes win when gambling. Dressing gambling up in fancy clothes and calling it it investing means only one of two things - either the gambling is on a very large scale (or part of a very large scale gambling system, e.g. a stock exchange) or the gambler is deluded.
 
CuriousTomCat said:
It's not free is it? It was "earned" by trading.
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Yep you can call it earned, but all I did was put the bet on, waited my time and collected the profit from the wealth transfer, no real work needed.
If I haven't spent even a penny of my own money since I retired in my thirties, and all the bills every year inc expensive PC parts etc have been paid by others through a wealth transfer while I partied/gamed/programmed/whatever then that's FREE enough in my book even though technically it is what you say.

I wouldn't even call it earned myself more of a wealth transfer due to inflation TAX.
Your house price going up each year isn't really earnings its due to inflation tax.
 
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Bill Turnip said:
Explain inflation tax.
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Okay folks I think I should explain better how I make the profits.

You buy hard assets like property, rare coins, land/farm land, commodities etc and get almost totally out of paper assets.
Now the hard bit is timing it so you buy at the LOWEST prices and also expect inflation to pick up soon and take those hard asset prices higher.
If you get the timing right you can see your hard assets rise in price each year and beat inflation tax by quite a bit also you can stay in some hard assets for over a decade.

What I do is sell a fraction of my hard assets then there's enough cash for a year or two to pay the bills etc.
So where's all the profit coming from? Its due to a wealth transfer from rich and poor ending up in my hands (and other hard asset holders hands)
The wealth transfer is due to a tax on wealth! much like the council/government tax you pay each month and income tax etc.
Example, if a rich stock market player makes a big profit some of that is chopped off and given to me and other hard asset holders for FREE!
We are basically taxing these peoples wealth using inflation TAX just like the government does so our own profit exceeds inflation by quite a bit.
If that rich stock player cashes his profit out he finds he can buy much less with it (food/fuel/services etc), us hard asset holders have taxed him!

Anyway the proof is in the pudding, I haven't spent even a penny of my own money since I retired and all the bills every year inc expensive PC parts etc have been paid by others TAX MONEY!
Now if I see that new 48GB 4090 with a 3k price tag I could just buy it knowing the inflation tax money I'm collecting from people will pay for it all, no need to spend your own cash, almost like a free GPU that someone else has bought for you! :cool:
While Courtney in the US is struggling to pay for her groceries her wealth is transferred to me and other hard asset holders! Get out of cash girl and ease some of the pain, D'oh!
 
That wasn't what I asked. I'd like to know what inflation tax is, if that's OK? Genuinely, not trying to be sarky.

And probably, if you're laughing at Courtney in the US who is struggling to pay for her food while you sit on a supposed pile of money, that kind of makes you the bad guy here.
 
Angilion said:
So someone is saying they have gambled some money, won the bet they made and bought a graphics card from their gambling winnings. So what? Gambling isn't something new and people sometimes win when gambling. Dressing gambling up in fancy clothes and calling it it investing means only one of two things - either the gambling is on a very large scale (or part of a very large scale gambling system, e.g. a stock exchange) or the gambler is deluded.
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...but how much did they lose in the long run before their so called big win? :D
 
Harold lloyd said:
Okay folks I think I should explain better how I make the profits.

You buy hard assets like property, rare coins, land/farm land, commodities etc and get almost totally out of paper assets.
Now the hard bit is timing it so you buy at the LOWEST prices and also expect inflation to pick up soon and take those hard asset prices higher.
If you get the timing right you can see your hard assets rise in price each year and beat inflation tax by quite a bit also you can stay in some hard assets for over a decade.

What I do is sell a fraction of my hard assets then there's enough cash for a year or two to pay the bills etc.
So where's all the profit coming from? Its due to a wealth transfer from rich and poor ending up in my hands (and other hard asset holders hands)
The wealth transfer is due to a tax on wealth! much like the council/government tax you pay each month and income tax etc.
Example, if a rich stock market player makes a big profit some of that is chopped off and given to me and other hard asset holders for FREE!
We are basically taxing these peoples wealth using inflation TAX just like the government does so our own profit exceeds inflation by quite a bit.
If that rich stock player cashes his profit out he finds he can buy much less with it (food/fuel/services etc), us hard asset holders have taxed him!

Anyway the proof is in the pudding, I haven't spent even a penny of my own money since I retired and all the bills every year inc expensive PC parts etc have been paid by others TAX MONEY!
Now if I see that new 48GB 4090 with a 3k price tag I could just buy it knowing the inflation tax money I'm collecting from people will pay for it all, no need to spend your own cash, almost like a free GPU that someone else has bought for you! :cool:
While Courtney in the US is struggling to pay for her groceries her wealth is transferred to me and other hard asset holders! Get out of cash girl and ease some of the pain, D'oh!
Click to expand...

I can't help but feel like you're trolling as a rich kid who was given some money at the start of a game of monopoly ;)
 
GPU prices are slowly calming down but still way too high.
RX 6700xt (my MSRP target card) is currently 785€ in Italy, about 200€ too expensive but it's the best price I've ever seen so far.

As for the fellow above, this is what you get in a system where passive income is taxed less than work... The western countries created pro-rentier policies in the last 40 years and started blindly looking only at financials, which is taking us to the same situation as the spanish empire of old, we might have plenty of money (or better, a minority is loaded) but we're loosing the means to make anything by ourselves, which is the road to poverty.
 
Harold lloyd said:
Okay folks I think I should explain better how I make the profits.

You buy hard assets like property, rare coins, land/farm land, commodities etc and get almost totally out of paper assets.
Now the hard bit is timing it so you buy at the LOWEST prices and also expect inflation to pick up soon and take those hard asset prices higher.
If you get the timing right you can see your hard assets rise in price each year and beat inflation tax by quite a bit also you can stay in some hard assets for over a decade.

What I do is sell a fraction of my hard assets then there's enough cash for a year or two to pay the bills etc.
So where's all the profit coming from? Its due to a wealth transfer from rich and poor ending up in my hands (and other hard asset holders hands)
The wealth transfer is due to a tax on wealth! much like the council/government tax you pay each month and income tax etc.
Example, if a rich stock market player makes a big profit some of that is chopped off and given to me and other hard asset holders for FREE!
We are basically taxing these peoples wealth using inflation TAX just like the government does so our own profit exceeds inflation by quite a bit.
If that rich stock player cashes his profit out he finds he can buy much less with it (food/fuel/services etc), us hard asset holders have taxed him!

Anyway the proof is in the pudding, I haven't spent even a penny of my own money since I retired and all the bills every year inc expensive PC parts etc have been paid by others TAX MONEY!
Now if I see that new 48GB 4090 with a 3k price tag I could just buy it knowing the inflation tax money I'm collecting from people will pay for it all, no need to spend your own cash, almost like a free GPU that someone else has bought for you! :cool:
While Courtney in the US is struggling to pay for her groceries her wealth is transferred to me and other hard asset holders! Get out of cash girl and ease some of the pain, D'oh!
Click to expand...

Thanks for the thought, I'll have to look into that, it's a very interesting point. There's so many of these "loopholes" in the system that people just don't know to take advantage of, and instead end being taken advantage of. This whole inflation saga since early 2020 has been so obvious and so blatantly spelled out and yet people still ended up like chickens with their heads cut off. I guess some were just never going to make it.
 
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