Topic: You think bitcoin is volatile? Look at a price of a Big Mac. (Read 3889 times)
I remember back in 2002-ish buying hamburgers at McD's for $0.39/ea. Now you're lucky if anything labeled "burger" can be found for less than a dollar.
GAD DAMNIT! I KNEW I SHOULD HAVE BOUGHT BIG MACS IN 2004
10/10, lold hard. Also, you think the price of a Big Mac is volatile? Look at the price of bitcoin in the last week. Point = made
GAD DAMNIT! I KNEW I SHOULD HAVE BOUGHT BIG MACS IN 2004
10/10, lold hard. Also, you think the price of a Big Mac is volatile? Look at the price of bitcoin in the last week. Point = made
Food prices are based on oil prices, and everyone knows oil is very volatile. In the US, only 12% of the cost of a loaf of bread is the wheat, while in the developing world, this can be 70%. In the US, the main cost of food is the cost of distribution, not the cost of the food commodities. And the main cost in food distribution is the cost of oil for transportation. So looking at the price of oil tells us a lot about the price of food.
This is all quite amusing. But a Big Mac is hardly an ideal economic benchmark--prices of things that go into it as well as of the energy consumed in making it have been rising in absolute (not just monetary) terms, and demand has been increasing of late. There is no ideal benchmark (and gold is not even one of the better ones, despite what its proponents say). Some of the better benchmarks are those with very stable supply and demand, not subject to speculative bubbles or industrial cycles, such as
Salt (as mined, not purified versions.)
Argon and xenon
Heavy water (deuterium oxide); deuterium gas might also be a good proxy.
Perhaps someone can concoct a basket of such benchmark commodities some day. I would like to see currencies measured against it.
Salt (as mined, not purified versions.)
Argon and xenon
Heavy water (deuterium oxide); deuterium gas might also be a good proxy.
Perhaps someone can concoct a basket of such benchmark commodities some day. I would like to see currencies measured against it.
You silly city-dwellers are getting fucked as usual. Big macs are still only about $3.50 here. Still, it's quite a jump from what it used to be.
Then, 1 btc = pack of 10 big macs 
You silly city-dwellers are getting fucked as usual. Big macs are still only about $3.50 here. Still, it's quite a jump from what it used to be.
Is the US dollar really a stable currency?
Yes. Stable in reducing in value.
Is the US dollar really a stable currency?
Yes. Stable in reducing in value.
Think at the good part, you can buy more bigmacs with 1 btc
The value of a deflationary currency is always going to be attractive 
Thats nothing. Electricity prices here went up 40% last year.
I think the title of your post is misleading/rubbish. 'Volatility', as far as you can determine it by year over year changes has been much lower for big mac than for bitcoin.
+1
compare apples to apples. Find anything that moves like that over hours not years and you might be on to something.
GAD DAMNIT! I KNEW I SHOULD HAVE BOUGHT BIG MACS IN 2004
Oh, I have! Just check out my stock pile.
smarter man than I...
I think the title of your post is misleading/rubbish. 'Volatility', as far as you can determine it by year over year changes has been much lower for big mac than for bitcoin.
GAD DAMNIT! I KNEW I SHOULD HAVE BOUGHT BIG MACS IN 2004
Oh, I have! Just check out my stock pile.
Hasnt mcdonalds been punishing ppl who just buy sandwiches instead of a value meal. Last months the value meal for a big mac has been 5 dollars.
I am also pretty sure the price you quot seems wrong for my area for a big mac. Is that for an expensive state?
I am also pretty sure the price you quot seems wrong for my area for a big mac. Is that for an expensive state?
Wow!. You sure had a rise in big mac prices in the US, Im sure the UK hasnt risen by that much at McDonalds.
Yeah, but in the U.S., big macs moo, not whinny, LOL we do love our horse burgers...
Wow!. You sure had a rise in big mac prices in the US, Im sure the UK hasnt risen by that much at McDonalds.
Yeah, but in the U.S., big macs moo, not whinny,
Wow!. You sure had a rise in big mac prices in the US, Im sure the UK hasnt risen by that much at McDonalds...
This image may also be of interest:
http://img.metro.co.uk/news_focus/Bigmac.png
This image may also be of interest:
http://img.metro.co.uk/news_focus/Bigmac.png
Jump to: