Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In the 3rd film of back to the future...the Old West Doc explained elements of the future.. People running(jogging) for fun and they were rolling around...
Brian Cox went to a ghost gold mining town in the mid west as part of his Wonders of the Universe. He was talking to a kind of curator of the town and she said and I quote "the miners wold be astounded how valuable gold is today compared to then" And that's a suppressed manipulated price...imagine what it would be if it became unsurpressed ? It goes to show how far we have come in the degradation of fiat currencies if a suppressed gold price is more valuable in real terms than gold back then when it was real money....
Imagine going back aka Doc Brown in the Dolorean and explaining paper gold contracts to them...unlimited naked short gold contracts backed by nothing that can be printed at will to push the price of the real stuff down !
Fantastic Spindler, it was all about the real gold in the westerns!
https://www.youtube.com/watch?v=ubVc2MQwMkg
https://www.youtube.com/watch?v=enuOArEfqGo
But then High Noon is all about real integrity and also how fickle are the masses!
(This was the first film in real time)
https://www.youtube.com/watch?v=7MooNISe8aM
Very appropriate in these times!
https://www.youtube.com/watch?v=E7_BpvWDZy8
On the subject of showmen!
https://www.youtube.com/watch?v=MICPyrnGYwg
Tibbs
Hi Afur,
I enjoyed your post's, thank you.
Nigel Farage is no fool, but he is just as devious as the other politicians, he really only cares about Nigel, but he came up with a package just as full in inaccuracies, flawed information and prejudices that hit the right buttons at that time, it appealed to those that feel ignored ,frustrated feel powerless but wanted to rebel against what they saw as a political elite out of touch with ordinary people.
Even Nigel has left his original party, not quite sure what he is in now, that's how committed he is and despite all his claims prior to Brexit he is now denying that he ever said that the people would be better off!
To be fair the media like Farage & Boris for their showmanship and celebrity status, not because they have integrity or really offer any solutions, or better ways forward, quite the contrary as will be proven as time goes on, but never mind even that will provide good controversial headlines for the media!
The wall street bets crowd scared the **** out of the establishment over one lousy stock...imaginewhat they could do politically if they organised. Imagine what it would do for silver and gold miners if they understood like their great grandfathers what money really is.
I am a massive fan of westerns and i noted , they showed that in the past paper money was treated with suspicion bt was then accepted because it was backed by gold and silver....then well we know what the next step was.....i was watching breaking bad once when his wife showed the pallet with about 2 tonnes of paper money on it. Now i know you ca convert that into hard assets but it's just a load of paper. And by having the reserve currency the US has been getting stuff for free since bretton woods becuse they just print paper bcked by nothing more than aircraft carriers
Relevant back to our Egyptian miner i am reminded of one of the founding fathers who said "a dollar is mined out of the ground" Perhaps if even a cohort of the electorate could be taught what money really is (and it's not Fiat(they need fiat explaining first) and it's not crypto currency either or beanie babies....it's precious metals...) and what democracy really is(and it's not cronyism and lobbying) we might get change started.....but i'm not hopeful.....if anyone can change things its the millenials but they to wake up because they are the ones who really are having their lunch eaten, breakfast and dinner too.....i take great mischevious delight when i get the chance to explain all their tax goes to pay agreements between govt and previus gens aka pensions and yu arent getting the same deal. Want to buy a house ..sadlle up with debt to pay out someone who bought a house in 1960. You're in a cesspit of ponzi schemes...but thye don;t even know what a ponzi scheme is....and thats how govt like it ....
The term elite always vexes me because although they occupy this space, money and power aside they really are not that at all. They really are more soft gangsters. But i suspect proper hard gangsters of the old school back in the day probably had more ethics and code than the soft political gangsters who people stupidly vote for time and again.
I am very firmly of the opinion one should either not vote or should spoil the ballot. If enough people did this it would send a shockwave through the establishment as there would have no credible mandate. If even a cohort did this say the Millenials, they would be able to say "not my government" After theWalls Streets bet thing and reddit....perhaps we need a Gideon to rise up and preach this gospel to the electorate or a cohort of it...it would rattle the politicians on all sides to the core...it would likely create space for someone or someones in the background to seize the initiative and change the political landscape
Hi Spindler,
In hindsight possibly I was over generous as to the integrity and genuine nature of the of so many of our political elite!
As to Ant & Deck and your summing up of the the quality of the TV pumped out , you are absolutely spot on!
I think you're wrong. Having read the board for some time, it's clear to me that many people have seen some things that human beings really ought not to see, and they have formed their opinions based on that experience. I include myself in that statement.
Aoife
Seems a bit of a generaIisation, can;t speak for others but I have traveled extensively for business and personally. I studied German, speak it proficiently (to get jobs that require it) and have lived there periodically.
I would suggest many on here have not travelled much or experienced life outside the UK......they sit for years in their comfortable armchairs reading the Guardian..and then regurgitate their views on here!
Totally agree with your post there Arfur.....take Cameron as an example.....he was asked long long ago why he wanted to be PM ? His answer was "Because I think I'd be rather good at it " WOW....that's it nothing else, he thinks in his privleged entitled spoilt b*****d (rember him from Viz)excuse for a brain that's the ticket. A man so of touch with 99 percent of the electorate he knows what's good for them and the country.
Imagine holding an interview and that was the candidates response with no more foundation...no experience, no credentials. Outside of a cushy number at Carlton he never worked in the real world and he got that gig by cronyism...i believe his 2nd private gig was greensill !
Mr Tibbles "where they forget all their political principles of serving their country and the electorate in exchange for a seat on the top table and all the extra's that go with it! "
They had no interest in serving any kind of principles, country or electorate in the first place ! You were far too generous.
British politics was and is a corrupt cesspit and the more one understands the more one recognises the smell.
It is not a country of democracy but of cronyism. TPTB lord over us and believe we are all as dumb as **** Unfortunately by a massive percentage the electorate are just that. Tune in to I'm a celebrity, BGT(which is a joke because people fly in from elsewhere for this so how is it BGT ?, stickler for meaning of language me) x factor etc and they are part of the problem dumbed down proles being fed prole food. And it's amazingly succesful from a commercial point of view, thats how someone as boring as Simon Cowell with the imagination of a sticklebat leeps repeating the same tired format and comes out a winner. Take Ant and Dec people seem desperate to have these mediocre clueless non entities on their screens for ever. At least the chuckle brothers were never meant to be taken seriously but they are the chuckle brothers in tuxedo's. Even after one was drunk and nearly killed people in a car he is rehabilitated back on because the producers have no backbone and want the same format for ever. At least Eric and Ernie(well at least Eric) had genuine talent.
We have a ruling class that have no interest in this country other than to leech off it. Aided and abetted by a rotten crony media. The only way to rise above what they are handing out a lifetime of debt servitude is make some money or get out of dodge or both. I think this country had the golden years after ww2 for the common man/woman. That pretty much ended 2008 on wards if not before
Perfect Arfur.
Hi Mr T
Well, it reminds me of that Italian proverb: If you want to know how rotten a fish is, look at its head.
It's just politicians, isn't it? It goes to show that Enoch Powell's line of 'nearly all political careers end in failure,' pretty much hits the spot. Love him or hate him, Nigel Farage is clever enough to know that if you want to change something, focus on the one thing you are passionate about. Learn all about the subject and you'll hit the opposition for six. William Wilberforce, Lord Shaftesbury and the Suffragettes (and so many others) showed him the way. If you have an ego too big to handle or just want to go for the perks, then become a politician and enjoy it while it lasts. You'll end up being hated by the people and achieve nothing of use - most likely you'll end up being a mass murderer like 'hello, I'm Tony'.
My solution has always been that the peoples of the world should club together and buy a distant island somewhere. Once the politicians are elected - or have elected themselves - we just fly them off to the island and we live in peace and properity until the next election. Rinse and repeat. But no one ever listens to me.
You see Mr T, there is a working class solution to every middle class problem.
Aoife
Hi Afur, I really do hope this is the start of some infighting in the Tory party, they really are so astute at back stabbing their political colleagues in order to get further up the greasy political pole before bailing out into the private sector where they forget all their political principles of serving their country and the electorate in exchange for a seat on the top table and all the extra's that go with it!
The O'Jays - Back Stabbers (Ruud's Extended Mix)
https://www.youtube.com/watch?v=Gnm6EdMVllc
Everybody knows the boat is leaking, everybody knows the capitation lied!
https://www.youtube.com/watch?v=T4rf7bAApM4
https://www.youtube.com/watch?v=Lin-a2lTelg
Mr T
I was referring to gold traders in a general sense, not implying that absolutely everyone is untrustworthy. If you say Andrew Maguire is alright then I have no reason to think otherwise. If we tar everyone with the same brush, we'll end up thinking all doctors are like Harold Shipman! Clearly they are not.
I often hear people say that a person has to earn their respect. I prefer to give everyone the respect they deserve from the start. It is down to them to keep it - nearly everyone I've met has done that.
Aoife
Thank you Afur for your confidence in my sincerity, it's not for me to advise anyone on investment decisions, my interest in Kinesis is that I see it as a way of fighting the gold price manipulation and so ultimately supporting fair gold and silver prices, which in turn will support any investment in Centamin.
I have known Andrew Maguire for a number of years and he is a very decent chap of great integrity who has never tried to get me to trade in gold or invest in Kinesis.
Best
Tibbs
Judging by the front page of the FT today, the scallywags are doing a fine job of killing one another - Johnson and Cummings!
A
Goldgnome
The short answer to what I would do for the economy is do nothing. We have gone past the point of no return and government no longer 'borrows' money but prints it to keep up its largesse. If I were to propose policies that would set out a return to economic prosperity, no one would vote for me. If I were to tell people that the economy from here on in can only crash and burn, people would think I was talking rubbish. The trouble is it has to crash and burn before any change can come about. So the good will sit back and let the scallywags hang themselves. You know it makes sense.
My only advice is to beware hypoglycemic poor people in the future - I may even end up one of them.
Aoife
Thank you Goldgnome and Mr T for some absolutely first class posts this morning (morning for me anyway).
Aoife
Sorry, the last post was meant to be asking ...what would yu do if you were in government right now, to stimulate the economy, right the wrongs, head the learnings of the past and create a fairer and more sustainable future. My opinions maybe wrong?!
best
Interesting times we live in.
Predictably Biden has come out with his tax on the rich. Our exPM (some dont know when their time has been) has come out with his favorite "super" tax on Mining companies (he rejected most of the other 137 tax recomendations of a well structured future tax plan?! preferring cheery pick, or captains pick as they say in polite circles) when they make "super profits". (read Iron Ore Companies). The comprehensive tax review he commissoned in 2007/8 produced a well thought out wish list of tax reforms to set Australia up for the 21st century.... two days out from Christmas (a thinky disguised christmas present, and compulsive summer holiday reading) — a 783-page tax tome...and now of course...few of its 138 recommendations have been implemented in the last 12 plus years, with those that have, often bastardised beyond recognition.
"I am today absolutely stunned that so little has actually been implemented," Dr Henry (architect of the comprehensive study) told The Business in an exclusive interview marking a decade since his review...how time flies? why was he surprised at yet another comprehensive study and voluminous government sponsored report put on the shelves?!!!
I can imagine there will be lots of excietment about tax, and wild speculation and more tax reviews and reports, and interviews ad nauseum in the next few years.
Options to get through the latest pandemic management crisis? (there will of course be a lot more, more mutations, more vaccines with side effects etc)
1. more tax, and the targets must be those that do not create employment
2. encourage those industries/businesses that actually create quality employment (not flipping burgers and opening doors) - small companies employ most people
3. spend on building infrastructure that will increase productivity - justify wage increase which has been missing in action for a few years and no end in sight
4. raise more debt, no surprises
5. put effective caps on long term bond rates,
and what will gold do in response to these and more measures?
HInt: Go up.
Good night and good luck all! We may well need it and a lot more
best
the gnome
But our marvellous governments are moving forward
1. tax, and the targets must be those that do not create employment
2. encourage those that create employment - small companies employ most people
3. spend on building infrastructure that will increase productivity - justify wage increase
4. raise debt
5. put effective cap on long term bond rates
Yourself and Rebess should stop pushing Kinesses if you want to stay credible.
Sorry, just advice.
I agree with your views about some of those pushing gold /silver and so many of those brokers that are really interested in getting investors to trade as many times in any period as they can.
Most people who knows Andrew Maguire would tell you he is s a very decent chap, he certainly doesn't con anyone, neither does he push gold sales ,although he does offer a subscription daily bulletin service that gives subscribers wholesalers insights into the possible markets movements for next trading session.
It's easy to criticise Andrew, but consider he has been up against for years, the BIS and the Cartel who have privileged information before everyone else and the advantage of being able to create unlimited buy or sell paper oder's at will to wipe out any physical correction that they don't want.
But Basel 3 will bring about great changes and the carpet bombing of paper contacts won't be possible for much longer, the LBMA has dug itself into a huge pit which ift may not get out of even with it's deferment of conforming with Basel 3 until Jan 2022.
As far as Kinesis is concerned the physical gold to back it up is held in their new Swiss audited vault and investors can elect to have their physical gold delivered on demand