Since March 2007 the cocaine supply in the United States has decreased dramatically. Some say Lindsay Lohan and Britney have snorted up most of the supply but either way take a look at some of the statistics release recently by the Executive Policy & Strategic Planning Staff (ie DEA).
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From January through June 2007, the average price per pure gram of all domestic cocaine purchases increased 24 per cent, from $95.89 to $118.70, while purity fell 11 per cent, from 67 per cent to 59 per cent.
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From January through June 2007, the retail (involving amounts up to ten grams) price per pure gram of cocaine increased 15 per cent, from $145.42 to $166.90.
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From January through June 2007, the mid-level wholesale (involving amounts between one and ten ounces) price per pure gram of cocaine increased 33 per cent, from $53.09 to $70.39.
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From January through June 2007, the wholesale (involving amounts of one kilogram or more) price per pure gram of cocaine increased 11 per cent, from $20.85 to $23.04. (Source)
Coke seems to be a much better investment than my Google stock. Volume on the cocaine markets remained high as well with 11,586 transactions recorded during the price research.
Now this is something you can Digg
15 comments:
If price is rising and purity is dropping that means supplies of cocaine are dropping. Apparently we're actually having some successes in the war on drugs.
Tell us more about "your google stock"
No....
It means the sleazy drug lords know they can make a larger profit by reducing the purity of their products while raising the cost per unit. How do they know this? Because asshat addicts will continue to buy the stuff.
The "war" on drugs is not having a visible effect here, in Mexico, or in Afghanistan, except to waste billions in tax payers' money. It is a fight in futility, just like the "war" on Internet piracy. You can't fight something which has no limits to its influence.
The war on drugs is and has been a massive failure. We should use the money on incarcerating addicts and dealers on rehabilitation programs instead.
lol like impurity or increase in price is going to stop anyone
(not that the war on drugs (:D) targets the middle-upper class white population- let's compare criminal punishments for coke possession and crack possession...let's also compare the failures of the war of drugs with...with what?)
Not necessarily, dealers will cut their product for naive users whenever they can. Also they will increase the price for naive buyers. Therefore some might say your conclusion is wrong. Purity deals more with the number of people in the chain. Price is often set by neighborhood.
these stats are total bullshit. There is the same amount out of coke on the streets and from what i hear its actually getting better in purity.
Right - because the war on drugs has been so well-planned, successful, and obviously well done. And that *has* to be the reason, because there are no other factors. AM I RITE?
Moron. It could be one or ten or a hundred of a thousand reasons.
Take a class on economics, and try again.
@jonolan: or demand is increasing and supply remains static - for now.
bravo, mr. bush.
bravo, big brother.
"successes in the war on drugs"
turn off your Fox news.
urgh, i read that transactions of cocain have gone up by 11% , which means that so-called war on drugs is obviously failing, as it allways will. because the goverment makes sure that the war continues ( just like other wars our country fights ) by supplying the fighting force with what they need.
anyways, what is the price per share on this cocain market? i want to get on it!!! :-)
Jonolan that is not really true. You see when the flow of any import is restricted the price of said import increases. I don't need to tell anyone that this is a simple example of supply and demand. Whoever controls the flow of cocaine into the US..cough CIA..also controls the value and in may ways quality of the product. This can be seen in many many industries, most especially the largest ones and let's face it drugs are the #2 industry in the world.
My point is that there is no war on drugs, at least not in America. It is a highly controlled industry that reaps billions of dollars for those on the top of the pyramid.
I would have to say that their numbers are probably at least decently accurate. 11,000 cocaine transactions is a statistically valid population to glean stats from - I would be more inclined to doubt the validity if it were a smaller number.
As far as the significance of these results, they don't really say too much about the system as a whole. Anything on the black market is prone to huge fluctuations, especially things that are primarily imported, cocaine for example. There are several legs on the journey to the United States, and any number of factors in different countries could cause such changes.
And, while I don't presume to know for sure who is controlling the whole system, and can't honestly point the finger at the CIA, it should be noted that there is proven documentation of them assisting and enabling cocaine imports in the past - even causing it altogether. I would be surprised, however, if they are making much money off of it.
The prices quoted are totally rediculous. No one actually pays $100 for a gram of cocaine. The only people who do are undercover agents who pay out the ass (with our tax dollars) to entice dealers to sell them coke. Only the greediest (and dumbest) coke dealers would sell to someone willing to pay $100 for a gram. Prices and supply are the same as they have been for the past 10 years.
I do coke regularly and I never pay more than $60 a gram... and I live in an area it's harder to get it (IE not a super major city, not a port city and nowhere near Columbia). Loads of cities have it on the street for $20 a gram
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