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Why GPU prices are NOT likely to drop significantly EVER!

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Bill Turnip said:
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.
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It's when your savings of £1,000 which can buy 1,000 loaves of bread today can only buy 500 loaves of bread in 10 years time, as a result of the government and banks creating so much more currency out of thin air that the price of everything rises.

Of course prices don't rise immediately, the people who get the money first can still buy things at the original prices but once the new cash gets into the system it gets spent elsewhere and prices rise as a result overall in the long run. It's usually the government or their best mates who, through various methods, get that cash first and buy real things with it, property, land, materials etc. Hence you are taxed by inflation while the nominal value of your savings stays the same.
 
Money isn't created out of thin air, money exiists only when it's borrowed.

When it's paid back it no longer exists again.

If it didn't get taken out of circulation when it's paid back there would be untold trillions in circulation and be worthless.
 
Marak said:
It's when your savings of £1,000 which can buy 1,000 loaves of bread today can only buy 500 loaves of bread in 10 years time, as a result of the government and banks creating so much more currency out of thin air that the price of everything rises.

Of course prices don't rise immediately, the people who get the money first can still buy things at the original prices but once the new cash gets into the system it gets spent elsewhere and prices rise as a result overall in the long run. It's usually the government or their best mates who, through various methods, get that cash first and buy real things with it, property, land, materials etc. Hence you are taxed by inflation while the nominal value of your savings stays the same.
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So not taxed. That misunderstands tax. It's just inflation. If you do nothing with your money its worth less in future, its well known, hence the phrase making your money work.

There's no incredible advice here, other than don't **** your money away on unnecessary crap.
 
Bill Turnip said:
So not taxed. That misunderstands tax. It's just inflation. If you do nothing with your money its worth less in future, its well known, hence the phrase making your money work.

There's no incredible advice here, other than don't **** your money away on unnecessary crap.
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I bought a type of negative album on vinyl for about £7 back in the 90s and sold it recently for over £150. I then used those earnings to get blind drunk.

WINING.
 
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!
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I think I've got this:

Stage 1: have a vast pile of cash
Stage 2: invest that, and buy at the right time
Stage 3: sell the assets, expecting their value to rise over time

I'm not sure this is an entirely new idea?
 
V F said:
...but how much did they lose in the long run before their so called big win? :D
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Being a bit sceptical there but.........
I started with about £300 years ago so not much to lose.
If I lost the whole lot then time to pack up trading and get a full time job.
Turned that into 1k then a few more k then went into hard assets with bigger bets and its paying all the bills now, but after years of hard work.
Other traders have done the same, what about Jim Rogers etc?
 
What about Jim Rogers and other top hard asset traders like Rick Rule folks they were not exactly wealthy when they started out.
I don't know what big deal you folks are making, I worked hard for years became one of the best traders and all my bills are paid for now.
That's the long and short of it.
 
gpuerrilla said:
If I was a rich trader computer programmer with comfortable living I would have got the tier up from a 6700xt! :p :cry:
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I don't program for the industry, its a hobby, been programming for decades, I give devs in the industry advice since I'm the senior programmer.
I made enough from trading , was eyeing a 6800xt but gonna wait until ms/nvidia/amd deliver a REAL RT GPU not just shiny mirror surfaces.
 
Bill Turnip said:
So not taxed. That misunderstands tax. It's just inflation.
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Inflation can be excess monetary printing like in weimar germany or due to commodity shortage.
Simply when demand exceeds supply the price inflates. The demand comes from the huge population of course.
Right now I belive we have a cheap crude oil shortage (WTI crude is $90+ dollars) and since crude accounts for about
90% of all manufacturing then thats why prices across the board are exploding and making world records.
This I think will keep on till about 2030.

I believe at some point the working class will panic into hard assets as they see their savings and buying power evaporate.
When the pain gets too much Courtney and other plebs will panic into gold because its real money and other hard assets,
also pro investors, the rich will do the same to save their skins, so when the gold market explodes that will be the signal

I typed into google, and a lot of learned people agree with me.
quora.com/Is-inflation-a-form-of-taxation

David Tufte, Been teaching BA/MA/Ph.D. macroeconomics since 1987.
Yes, inflation is a form of taxation.
John Pelse, Lead Architect at Top Secret (1997-present)
Absolutely Correct!
James Feigenbaum, Ph.D. Economics, University of Iowa (2003)
Yes, inflation is a form of taxation.

Make your own mind up folks.
Inflation tax is cash holders wealth being STOLEN and handed to hard asset holders on a silver platter!
Its like robbing a bank and using others STOLEN cash to buy your stuff. The government has NO WAY to combat this whatsoever, the market is much stronger than the government and runs the world not the government (who like to pretend they do by writing laws ).
While people are complaining about high GPU prices, petrol/food/build materials/services etc, basically YOUR wealth
and buying power is being STOLEN and handed to hard asset owners all over the world.
 
Harold lloyd said:
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.
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Harold lloyd said:
I don't know what big deal you folks are making, I worked hard for years became one of the best traders and all my bills are paid for now.
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So you did work hard for the full price 6700XT then :p
 
Harold lloyd said:
was eyeing a 6800xt but gonna wait until ms/nvidia/amd deliver a REAL RT GPU not just shiny mirror surfaces.
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Waiting for RT, but buying the mid tier AMD. Reason being you want a gpu to deliver particular forms of RT (done, as I'm sure you're aware) by the program, not a gpu. And have bout a mid tier AMD to enjoy Ray tracing, which is definitely more Nvidia's thing right now. These seem like very odd decisions.

I want my money spent well dammit!
 
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