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Transport secretary Grant Shapps has claimed that the average rail worker earns £44,000 per year, compared to the average nurse’s salary of £31,000. His comments were made during discussions about a strike currently underway by railway workers represented by the RMT union over pay, working conditions and job cuts.
The £44,000 figure has also been repeated by Conservative MPs Nick Fletcher, Jonathan Gullis and Chris Philp when talking about the strikes.
https://fullfact.org/economy/RMT-strike-salary/
Pardey will be interesting to follow in this debacle. Guinea has a lot of twsists and turns. I cashed in before his honour joined
best to investors
the gnome
True Scale of Silver Manipulation
Andrew Maguire is joined by none other than Gold Anti-Trust Action Committee (GATA) director, Bill ‘Midas’ Murphy, to go public about the shocking scale of silver price suppression.
The two gold bugs walk us through two decades of GATA exposing gold and silver market manipulation and bring a few inside secrets of the precious metals cartel out in the open
https://www.youtube.com/watch?v=BxSwl_7GOrY
I wonder is Pardey going to arrange to clear away the waste at the "Bankan mine" or just allow it to build up over the years until the pit walls crack?
Tier one mine indeed how many years was Pardey bumming his load at Sukari with the side kick former policeman claiming it was a tier one mine!
There will most likely be tears for investors in the future but I doubt there will be any tier one mines!
"Bankan has the potential to become a Tier One mine which can remain in production for between 15 & 20 years," says Andrew Pardey, current managing director of Predictive Discovery & former CEO of Egyptian gold mine operator Centamin
https://twitter.com/TheAfricaReport/status/1539963990863798272
---------------------------->>>
Brilliant that a guy like Pardey can get canned for mismanagement and still use his former employment credentials as a badge of honor
No goldnome I didnt expect different nor in the future.
They will do whatever they deem neccecary to maintain their salaries & Commisions.
Surely you did not expect anything different Mr Bond. There has been excellent form shown over the last few decades.
The pound has never regained its glory since about 1967, and so on, but so it seems, this is life, and we move onwards...
https://commonslibrary.parliament.uk/pound-in-your-pocket-devaluation-50-years-on/
I once took on the absurd task of trying to calculate the intrinsic value of a country (and its currency), in somewhat manner similar to that used to Value a multinational corporation. Having done a country or two, then I looked at what the exchange value should be between the countries calculated, and I got some absurd answers, which looked nothing like the exchange rates of the time. I was puzzled and chastized?
I was and am a scientist and engineer, and of course I would pursue such an absurd methodology with that sort of bakground?. So I looked at the other techniques of calculating exchange rates, and again got some wild numbers.
Then it was told to me that I should sober up and realise that the exchange rates are calculated by the market, which is a self organising intelligence network, of sorts, which runs under rules of sorts. The behaviour of this marvellous self organising network, was influenced by several variables, such as comparative interest rates, relative and absolute debt levels, and a throng of others factors.
I got excited as I knew a thing or 2 about self organising networks, and so off I went on another tangent. Some background sketch at https://www.geeksforgeeks.org/ann-self-organizing-neural-network-sonn/
Well, it worked and I made money, and lived happily ever after [LOL]
The gold market is such a contrive, as otherwise it would lead to a lighthouse effect on the disappearing purchasing power of the currencies.
I am turning and tuning the networks up again, in this tumultuous time, as there are a lot fo variables setting up myriads of eddy currents such that trends are difficult for a person to identify and predict.
the gnome
Shows how in control of Bullion prices ,the Banksters are of the market ,with Government help.
Couple more cheeky buy orders placed this morning. Yawn..
Yawning
European stock markets traded higher on Friday, ahead of the release of important data during the day. Investors expect the release of the reports on the business climate in Germany and retail sales in the United Kingdom.
In other news, earlier, it was known that the European Council had approved the Europan Union candidate status for Ukraine and Moldova, according to a statement published by the council President Charles Michel. Meanwhile, Ukraine President Volodymyr Zelensky thanked all EU leaders and member states for supporting Ukraine's candidacy application.
The DAX gained 1.06% at 7:00 am CET, while the CAC 40 added 1.18%, and the FTSE 100 rose 0.74%. The Spanish IBEX 35 was also up 1.02%.
The euro improved by 0.18% against the dollar at 7:17 am CET, selling for $1.05409. In comparison, the pound grew by 0.11% to go for $1.22754 simultaneously.
Baha Breaking News (BBN) / JG
Have a good weekend y’al
Polymetal shares rose 4% to 187.2p in early morning trading on Thursday after the company reported a business update announcing its gold bullion concentrate sales continued as usual from Kazakhstan.
https://ukinvestormagazine.co.uk/polymetal-silver-stocks-accumulate-on-lack-of-sales-options/
4% drop out of nowhere and some here say crypto is risky
zzzzz LOL
Major European indexes declined in premarket trading on Thursday as investors awaited preliminary PMI figures from the European Union and the United Kingdom due for release later in the day. The market sentiment remained negative amid worries about the surging inflation and fears of a recession.
The FTSE 100 lost 0.09% at 8:00 am CET, the DAX fell 0.51% at 8:01 am CET and the CAC 40 slid 0.62% at the same time.
The euro was flat against the dollar, selling for 1.05675 at 8:02 am CET, while the pound lost 0.08% compared to the greenback to go for 1.22515 at the same time.
Baha Breaking News (BBN) / NP
mrtibbles /Spoonington
I have spoken to another ANZ representative and he thinks the proceeds will be available this week. The last 3 dividends were processed in 3 to 5 days which all included a weekend. Prior to that they took about 2 weeks to arrive in my account. I have held Centamin shares from their early days originally through Commsec before transferring them to ANZ, the reason for doing so I have since forgotten. I might see if I can transfer them back to Commsec, it would be more convenient with my other account there.
Please Mr T
Henry Ford will become restless in his grave? Or ... J P Morgan
"Wall Street" was on trial. Sundry "reputation" ~witesses have made a feeble showitig. 'The hunters of the mysterious "money trust" were elated. Their brilliant counsel, who could say with -Aeneas that had once been part ... and so on
" Money is gold, nothing esle"
https://memory.loc.gov/service/gdc/scd0001/2006/20060517001te/20060517001te.pdf
the gnome
Good ol Swiss, where there is a buck to be made, you can rely on them...
https://www.eurodad.org/banking_secrecy_leak_suisse_secrets
ethics?
Hi Paul, sounds like you are doing fine with the garden!
You may already be aware of this-
https://www.allotment-garden.org/vegetable/rocket-growing/
I am very hopeful that it will start to become apparent soon that although this has been the toughest year so far that the changes at Sukari are starting to pay off and that guidance will continue to improve with reduced AISC.
I really would like to be in a position to be able to offer something more definite, but lets put it this way I an not aware anything to the contrary, so that's something!
I like some raw veggies Mr T. The point is/ was that some foodbanks are not accepting them now as people wont use fuel to cook them,
21st century , first world country with food banks????
My garden is not looking too promising but hopefully better next year (he says) or the year after. The dwarf plums are not doing great on a few of the trees but they are only a few years old. A couple of the apple trees look ok and others dont.
I should have 10 blackcurrant plants next year, so maybe the year after for them?
The cougette plants are growing and the ghekin plants are getting big enough that im hoping slugs wont bother.
Ive never had any luck with cauliflower but am trying the romanesco ones this year.
Fingers crossed for the sprouts and turnips as well.
Its pretty much organic though Mr T. Stuff out of the compost bin + scrounged newspapers and cardboard.
Im hoping Centamin starts producing more sooner than Im expecting my garden to.
Tuesday, 6/21/2022 13:33
GOLD BARS traded in London's wholesale market slipped towards 1-week lows in terms of all major currencies on Tuesday, edging down as global stock markets rose for a 2nd session despite fresh threats from Russia towards neighbouring nations in Europe.
Moscow will "resolve by any means" Lithuania's block on rail freight into Kaliningrad – the isolated Russian province sandwiched between Nato member states and home to Russia's Baltic Sea Fleet – said a pro-Putin senator today, while a Kremlin spokesman called the move by Vilnius, made in protest against Russia's invasion of Ukraine, "illegal".
"Before Ukraine it was Georgia," said that country's Prime Minister Irakli Garibashvili today, aligning his nation with Western sanctions against Moscow and highlighting Russia's 2008 invasion of 'breakaway' region South Ossetia.
"Russian troops occupy 20% of our territory. This is a reality. It's ongoing."
Switzerland imported over 3 tonnes of gold bullion from Russia in April, Bloomberg notes of the latest trade data, apparently destined for the country's gold bar refiners for the first time since Russia began its invasion of Ukraine.
Moscow's aggression triggered financial sanctions against many Russian businesses, but not – as yet – against commercial bullion flows, despite the standards-setting LBMA suspending acceptance in London of gold bars newly-cast by Russian refiners.
The world No.2 gold-mining nation, Russia exported 73 kilograms of gold to the UK in April, separate trade data say, just 0.3% of the average monthly level prior to March.
https://www.bullionvault.com/gold-news/gold-bars-062120221
Hi Paul,
Why not eat some of the vegetables raw?
Mushrooms are really nice washed but sliced and uncooled in salads this time of year!
Broccoli is really good too!
Vegetables that are rich in vitamin C, like broccoli, spinach and lettuce, are among some of the healthiest vegetables to eat raw, since cooking can significantly destroy the vitamin C content.
Vitamin C-rich vegetables to eat raw include: Brussels sprouts. Kale.Broccoli. Lettuce.Green beans Snow peas.
https://www.bbcgoodfood.com/howto/guide/raw-vs-cooked
https://www.thehealthy.com/food/foods-should-be-eating-raw/
What would be the price of gold if we went back to the gold standard?
For example, if the US went back to the gold standard and set the price of gold at US$500 per ounce, the value of the dollar would be 1/500th of an ounce of gold. This would offer reliable price stability. By introducing the gold standard, transactions no longer have to be done with heavy gold bullion or gold coins.23 May 2022
On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.
https://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard
The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion.
Please note article below date Feb. 07, 2017
https://seekingalpha.com/article/4043211-price-of-gold-u-s-was-still-on-gold-standard
Mike, Im hoping they are pulling it out of the bag too. Its almost 3 years since we were flying and Sotolo was predicting £3 a share. We know what happened a few months later! We are at a third of what we rose to. :-(
Im hoping for some really good news and for the price of gold to start rising.
I find it hard to believe inflation is running at 9% (and then some) and gold is not taking off.
Maybe Mr T will say something here, but there is something wrong if food prices are rising , fuel prices are rising and more or less everything else and yet some things seem to be going on regardless.
I have heard of food banks in some places not taking vegetables any longer as people will not cook them due to gas and electricity prices!