CHART OF THE DAY: COCAINE PRICES
27 June 2009 by Cullen Roche
7 Comments
The Economist notes:
THE street price of cocaine varies enormously. The drug costs less in South and Central America, where most cocaine is produced, but it is also low in Morocco, a trafficking destination. Worldwide, prices range from $2 a gram in Panama to over $300 in New Zealand, according to the UN’s World Drug Report. Generally, the farther away a country from the main producers and the more isolated it is, the higher the price charged. The priciest places for a cocaine habit are New Zealand and Australia, where a gram typically costs $312 and $285 respectively. Prices in Canada and America, after years of cheaper drugs for Canadians, are now on a par at around $97 a gram.
whats the ticker?
TPC, is this just an informative post or is something else being pointed out here?
yea…wheres the trade? lol
Where’s the trade? Jaurez futures… Cali is a growth organization that you will want to hold for the long-term, superior management, monopoly like pricing, high cash flow business…
The net effect in the declining price of coke is that the CIA will have less funding and they will have to tax us more to make up for the difference.
TPC is pointing out that the trade of the day is you can go to Colombia, buy cocaine for 10 dollars a gram, and then bring it to New Zealand and sell it for 200 dollars a gram. Instand 2000% profit(-)air fare.
I know many would say these prices seem off. Here is a good resource for Cocaine use information in the United States. It also reports up-to-date Cocaine prices/quantity/quality/county in the US:
Cocaine prices – Cocaine Statistics