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USBGF rate increase

Posted By: Adam Torkelson
Date: Thursday, 18 July 2013, at 2:53 a.m.

In Response To: USBGF rate increase (Rod)

Rod states: "I can also tell you about how the USCF tried to raise rates to $50 about a dozen years ago and was forced to backpedal and lower them to $35 after the ensuing protests."

Given that inflation averages 3% per year, $35 12 years ago is equal to about $48 today. And given that a company needs to exceed inflation to grow, $50 is quite reasonable (I would argue it is too low, actually).

As a financial analyst and accountant, I can tell you that any business that doesn't raise its prices for TWELVE YEARS (AT ALL!!) will very likely go under. My god, not even 3% per year for inflation!

And you have the AUDACITY to complain about a price increase after TWELVE YEARS of the same low price!!!!??????

It's no wonder they had so much trouble.

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