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<p>[QUOTE=&quot;Juan Blanco, post: 1569819, member: 41665&quot;]I&#039;m sorry if it seems to have &#039;veered relgious&#039; desertgem - that wasn&#039;t my intent at all. <i>Purely </i>price-related, sorry.<b></b></p><p><b><br /></b></p><p><b><u>When</u> was wheat (or some other staple) <i>dearest </i>in a <i>Gold </i>currency?</b> I&#039;ll suggest a few dates/places when/where Wheat spiked highest, though Gold was admittedly scarcer most places in modern times. (Cultures w/o Gold as money - excluded.)</p><p><br /></p><p>1215: Western Russia, extraordinary famine</p><p>1315-18: Worst European famine/climactic failure</p><p>1421-3: Western Russia, extraordinary famine</p><p>1436: Russia, extraordinary famine</p><p>1600-3: Russia, extraordinary famine</p><p>1630-2: India, extraordinary famine</p><p>1708-11: Prussia, extraordinary famine</p><p>1800, UK: Not sure that Wheat was &#039;highest during the Napoleonic Wars&#039; because Gold was not circulating/ at higher value than putative &#039;Mint Ask.&#039;</p><p>1870/1: Iran, extraordinary famine</p><p>1877: China, extraordinary famine</p><p>1921: Ukraine, extraordinary famine</p><p>December 1941 - Spring 1942: coincident with the starvation of Leningrad</p><p>December/ 1864 - January 1865: any beseiged Confederate cities</p><p><br /></p><p>Here&#039;s an interesting blog-post on Gold, Greenbacks and commodity prices (1860s). </p><p><a href="http://gentlemaneconomics.wordpress.com/2012/08/12/how-did-gold-track-commodities-during-the-greenback-period/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://gentlemaneconomics.wordpress.com/2012/08/12/how-did-gold-track-commodities-during-the-greenback-period/" rel="nofollow">http://gentlemaneconomics.wordpress.com/2012/08/12/how-did-gold-track-commodities-during-the-greenback-period/</a></p><p><br /></p><p>I see that the highest recorded contract price for Wheat was $9.6525 (March 2008) but look for higher prices still:</p><p><a href="http://www.telegraph.co.uk/finance/commodities/9561143/World-on-track-for-record-food-prices-within-a-year-due-to-US-drought.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.telegraph.co.uk/finance/commodities/9561143/World-on-track-for-record-food-prices-within-a-year-due-to-US-drought.html" rel="nofollow">http://www.telegraph.co.uk/finance/commodities/9561143/World-on-track-for-record-food-prices-within-a-year-due-to-US-drought.html</a></p><p><br /></p><p>You cannot ever &#039;outdo&#039; Texas LOL: “It was reported this week that in Western Australia that they set the highest price for wheat in the world. It’s a little lower than what it is at the Texas gulf.&quot; (????!) </p><p><a href="http://www.oklahomafarmreport.com/wire/news/2012/10/00339_SUNUPPreview10182012d_155526.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.oklahomafarmreport.com/wire/news/2012/10/00339_SUNUPPreview10182012d_155526.php" rel="nofollow">http://www.oklahomafarmreport.com/wire/news/2012/10/00339_SUNUPPreview10182012d_155526.php</a></p><p><br /></p><p>Most expensive foods (per pound avoirdupois):</p><p><a href="http://www.businessinsider.com/most-expensive-foods-2012-5" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.businessinsider.com/most-expensive-foods-2012-5" rel="nofollow">http://www.businessinsider.com/most-expensive-foods-2012-5</a>[/QUOTE]</p><p><br /></p>

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