2017 Fall/Winter Planting:

* Ginseng Seed: Currently shipping until sold out. Order your seed today!
* Ginseng Rootlets: SOLD OUT
Welcome, Guest
Username: Password: Remember me
Always comply with your State Ginseng Rules and Regulations when selling and buying wild ginseng roots.
  • Page:
  • 1
  • 2

TOPIC: Pay a fair price now or pay a huge price later?

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32292

I didn't have the yearly prices myself those came courtesy of the following link
sites.google.com/site/highpricespaidforginseng/home

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32293

So if we go to low in 2001 of $280.00 X 3= $840.00 without factoring in inflation and the Yuan's extreme appreciation against the dollar in that time.

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32295

I was WAY OFF the 2001 dollar to yuan exchange rate.
heres what it was then.
2001 United States Dollar = 12283.14 Chinese Yuan
So what bought 1 US dollar in 2001 now buys $140.00
Of course I'm sure we need to take into account the inflation that's incurred in China also throughout these years. Like I said I'm not a economics major and it was a good question Brad.

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32297

Right, that's why I said with certain adjustments.

So if the average paid (without adjustment) was about $288 and that x3 (from the roughly 3x production of that year over last year) pulls us to around $860/lb, that would be actually sort of surprisingly about right.

Interesting.

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32299

$860.00lbs + inflation and a 14,000% increase in the Yuan to the dollar exchange ratio = ????
By the way I've been perfectly happy getting $750-$1000per lbs for my dried root.

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32302

Do people on here do woods grown ginseng? Just throwing it out there.

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32306

I believe the majority here are wild or wild simulated.

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32313

WHEN I STARTED THIS THREAD i ment it toward the end consumer more then local buyers but i agree with what you guys are saying hell it cost me 4 times as much just to hunt ginseng then it did ten years ago. What surprises me the most is the lack of faith some diggers have in the product like they think its really worth less and the asians will find out and never buy again well i for one abslutely know ginseng does work i eat a little everyday during season to fight of exhuastion after 32days im still going

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32331

I have to agree with you K_Duce.

Please Log in or Create an account to join the conversation.

Re:Pay a fair price now or pay a huge price later? 3 years 1 month ago #32332

Boygenus12... Follow the thread. It's always better that way, makes more sense to everyone.

Please Log in or Create an account to join the conversation.

  • Page:
  • 1
  • 2
Moderators: mikeleelattHillhopper
Time to create page: 0.096 seconds

Who's Online

We have 207 guests and one member online