After 35 years of not drinking coffee I took it up again. I gave it up way back when because I didn’t react too well to it. But instead I drank tea and cocoa. Well, that didn’t work out so well for me either as I developed pain in my body that I recently found out was due to accumulation of oxalate crystals in my tissues. So…. I went on a low oxalate diet and the pains slowly went away.
As it turns out black tea and cocoa (including chocolate) is extremely high in oxalates. I believe these are a major contributor to old age pains, arthritis etc.
The good news is that I found I can now easily tolerate coffee. And that is good news because the price of cocoa, and hence chocolate, has shot up on the world market this year. See Chart 1 below.
From this chart it almost looks like we are headed for cocoa-geddon, as the price of cocoa has tripled in the past year. But we know the US dollar is rapidly devaluing and so we should expect commodity prices to increase. To check this I have plotted the price of cocoa in units of ounces of gold and silver in Chart 2 below. For silver, to compare on the same chart, it is actually priced in units of 100 oz of silver.
Gold and silver are real money whereas fiat is not. So the price of cocoa in fiat dollars should be rising due to the massive devaluation of the dollar. As the dollar dies all prices will skyrocket. But as Chart 2 shows cocoa has been generally decreasing in price when determined in units of ounces of gold and silver.
There is quite obviously some periodic oscillation is the price with a period of about 6 years give or take. Now we see the price rising again against both gold and silver.
The price rise we see is into the coming global depression, as indicated by the pink region. It is ironic eh, that people resort to eating chocolate when they are depressed. The alkaloid theobromine principally found in cocoa helps to alleviate that.
In each recession shown the price of cocoa in both dollar terms and in gold and silver oz terms rose into a recession and fell afterwards. Is that human action trying to relieve the stress of the recession?
Since I am now drinking coffee again I have compared the price of cocoa (green curve (1)) and coffee (brown curve (2)) in US dollar terms in Chart 3. The price increase of cocoa is much more than coffee in 2024. This is much more obvious when we compare the two as priced in ounces of gold. See Chart 4 below.
One thing Chart 3 does show clearly is that cocoa and coffee prices are now tracking upward together. This previously happened before the GFC depression. Otherwise over previous decades the prices of the two moved in opposite directions with a period of 5 or 6 years.
As seen on Chart 4 over decades these commodities’ prices have been decreasing in real terms (i.e. priced in gold ounces) but now they show the early signs of increasing. When the Fed pivots and starts the ‘money printing’ again I expect these prices will really go wild to the upside.
I suggest you stock up on these important commodities. If you can handle chocolate, buy that one too. For me it will be nice natural organic coffee.
Recommended Reading
- Book: Apocalypse Now: On the Revelation of Jesus Christ
- Book: Merchants of Death: Global Oligarchs and Their War On Humanity
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