We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
all bets are off if 891p breaks!!
the US "Amid concerns of labor shortages"
Ooh well, well..you got all these projects Sleepy Joe..and you are surprised you haven't got skilled people for them all..
well, well
truck drivers being pinched and taken into construction
maybe he wants that so he had justify letting 2 million across the Southern Border ?
oh dear. where is this heading to now. silver price has solid resistance at 27.40ish
For me Dogecoin sounds like some kind of token for meet ups in car parks in the UK at night lol rofl lmao etc etc :-)
Musk has just come out and said crypto is for speculation not for putting your savings on the line.
DogeCoin was a joke by the creator of it, to show what crypto really is i.e. Dog Sheet....the joke so far as been on him because he doesnt have any and its gone ballistic....history will laugh at this...but to be fair some canny oes who take profits and diversify will make hay
"...i thnk the millenials via WSB and Reddit are just beginning to cotton on to."
haha yeah Spindler...and the Dogecoin pyramid players .etc ...
Trouble is..not everyone can be a winner... and some are gonna find themselves flat out on the canvas ..no doubt
gold hit 1843 for a few seconds ... and the US markets are still to open so we can expect a massive upside. If a massive monkey hammer comes does not come out then I can see HOC and FRES moving upwards at least 5 to 7% IMHO.
Spindler,
Great Post.
Regarding inflation and mortgages. Does anyone know if there is small print in the mortgage agreement that addresses this ? (I don't have a mortgage)
NFP number means printers go brrrrrrrrrrrrrrrrrr.
Re the stealing of the 'wealth' they will tax it massively first. Check out the copper tax in chile being proposed. This will happen in precious metals too should their prices rise too high for the PTB
Spindler
yes..interesting points...
it does seem like it is all becoming much more of a game now...than ever before...
Nobody wants the guy below them to overtake them...and anyone wanting to push up is gonna have to be smart and get through the minefield of b*ullsh*t the guy above throws down at him to put him off the chase :-)
The trouble is most people don;t have 400k or anywhere near but the bans in cahoots with the govt will lend you frreshly created money to mire you in debt servititude. The only way out is bankruptcy if the house of cards falls apart. you are now a debt slave. In the Uk the mortgages are full recourse which means you are well on the hook for any shortfall should the property have to be sold by the lender in cae of default. Many US states have non recourse which means you hand back the keys scot free and barely a scratch on your credit rating. And please don;t tell me "there are not enough houses" it's a myth and even if true its because of house hoarding by landlords. Available credit determines prices not demand. 1930's America had stonking demand but nobody had the moeny or the credit.
Voila Roosevelt and his 25 year mortgage which has been taken to new extremes here and in Japan 35 year, lifetime mortgages. It's a govt sponsored debt trap ponzi scheme. Better off investing and making money and buying outright which i thnk the millenials via WSB and Reddit are just beginning to cotton on to. Hey although i don;t believe in btc many have made life changing fortunes and certainly won;t need a mortgage. In fact fr them investing is the game property is well just somewhere to live....which is what it should be....
Talking of inflation a guest sometime back said (and i dont know ifthis is correct) if there is a reset and big inflation dont think they will let you pay off your mortgage with inflated fiat they will want their pound of flesh. They recall this happened for the boomers back in the 60's and 70's and they won;t want it happening again...i'm really not sure about this but interesting times.....heck a modest investment in Cey could buy you a house in the future if gold went to 5 k 10k.... i do think at some point they will try and steal it from holers like roosevelt did though
The bubble in commodity prices seems more to do with spot prices than in contracted or hedged price orders from existing customers and of course call options in derivative speculation
before the pandemic...there was plenty of supply of almost everything ..it was managed supply chains ....the economies were even slowing down....
the "problem" at present is a bit over the top for my liking...
You can want to create 500 new infrastructure projects and say ...hey we are going to build more in 2 years than we have in the last 20 .....but...then what ?.... everything is built and nothing happens much after that ?..
Where are you seriously going to get all the skilled labour and equipment needed for 500 new projects.... ??
You want CAP to build diggers 24/7 and build 5 new factories just for the short term and then what ??
You want all the Mexicans in..and then what ?...you want them out again ??
All this talk from Biden.... it is somewhat short term fantasy ...and doesn't sound like it is a steady forward measured sustainable plan ....
There seems to be a bit of a bubble in copper, iron ore, bricks,cement and speculation on MASSIVE demand ......but can you seriously get all that done at once ??
Some projects will not happen straight away and they will not be demanding the bricks etc ..NOW......they will wait as have projects phased in
You cant just build a brick factory ..supply a short term rush for bricks ..and then ?
"You will own NOTHING...& be happy". They call it "The Great Reset" not because it's great for you & I...
I think the youngsters don't care what the money is...all they care about is what they earn and what they can afford...in relative terms....
it is us older folk that have to grapple with keeping a sense of value to what we already have ..and in a sense it has always been everyone for themselves to find the way of doing that....hence markets in trading memorabilia, toy cars, cigarette cards,gold, art and now bitcoin, Dogecoin, NTF ...anything at all.....to create a market in..to boost value in the things we exchange money for
long term they will crash the whole economic system and rebuild a new one. Crypto everything will go and a new system introduced. The canadian PM said so and the evil villian Klaus Schwab who heads up WEF. Only thing standing of any value will be PMs. I am sure they will forcefully steal our gold and silver.
The FED seems nervous and yellen was pretty quick to walk back her comments so I’d say they won’t raise until it’s too late and then we’re off with rampant inflation, supply outages and just general panic. Supply outages is everywhere, struggling to find sand + bricks atm
The big big question is... and I pose it to the BB, will the central banks raise interest rates? Can they afford to? Or is the only way to get rid of the massive debt is to inflate it away?
What will the CBs do?
Maybe some short positions closing as it looks like or feels like we’re off the lead now, surely above 10 quid is fair value
Inflation in the USA is all that matters and that is about to explode. Everywhere you look there is too much money chasing too few goods. All hard commodities ( except silver and gold) are flying. They will play catch up.
Micro example: my favourite el cheapo Prosecco used to get discounted to £5 regularly at tesco. It now almost never gets discounted and is at £7. Inflation figures will be at 2-3% in the next few months and will probably start hitting 3-4% 2023. That would be sweet for properties, stock, and gold. If it goes higher than that, history has shown that there is only one king of inflation hedge..... Gold. And of course in that environment, the upstart Prince ie silver will upstage it big time.
I have held fres for 3 years, looks like another 3 years for this to play out.
Spindler
it is always all about demand and amount of money supply......what the change in prices tells you is the value of the money itself is falling.... if we all have 400,000 pounds then anyone can buy a cottage....so you have to up the price in order to reduce the number of people wanting/being able to buy it ..to get to a point where you find just one person willing to pay the most..
You certainly don't want 10,000 people wanting to view the cottage
If the Government gives me $2000 and all my weekly purchases costs me $2000 more than it did before the Government gave me the money ...then..really...nothing has actually changed...except the fact that maybe I am a bit p*ssed off that I am not in fact richer and able to climb up the wealth ladder a bit , above everyone else.....which is what I thought I was going to be able to do with the handout
We need some inflation... and a bit of interest rate increase ...so we have something to drop back down when the next crisis arrives :-) ...but also.... to get people to spend..... come on now..get your money out..spend today or we will charge you more tomorrow.. get people to spend their savings RATHER than sit on it and wait for handouts :-)
It is all a game of smoke and mirrors and playing games...
Inflation has been here for ages cars, houses, food but the BS numbers they use are well just BS. Now we are going to get big big inflation that cannot be obfuscated. When salaries start to rise the cats out of the bag.
Always made me laugh house price growth being included in GDP... So take a cottage built 150 years ago that is the same as it was when it was built....price goes up 20 / 30/40 percent and times that by millions of cottages and het GDP growth...it was freaking built 150 years ago no value has been created ! Not that Joe Public could understand something so simple...hey look Ant and Dec are on ...put the kettle on
Yeah I think it’s onwards and upwards for silver and gold no matter what, inflation is in the news now. If they pull back, it’ll be temporary, any losses will be regained quickly. The bull is waking up.
Well, the stimulus is still keeping a lot of people away from seeking work so the numbers is really misleading. I think if there is less, then it would be good excuse for gold to surge because it already wants to. If more, I don't think it would hurt much. The real story now is inflation. I remember 6 months ago trying to convince people here that inflation is on its way and there were quite a few non believers. Now, everyone has changed their tune.
The real acid test is wage. Private sectors in California is already having to pay more. Uncle Biden wants to raise minimum wage. When wage inflation gets underway properly, then the feedback loop will get underway and we will have inflation rates of 3-4% like the 2000s. Nice for gold. That was a great bull run for gold up to 2011.....6-12 months away.
Hold tight to your golden tickets fellas.