The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
it's all by design.....and you can go as deep as you want to on this point of course.....the easiest way to look at every decision that is made......you say to yourself......Doing the opposite would make more sense.....and then you can see where it is leading .....and how the west is cowering to the real powers that be!
Yep: seems to make no ******* difference to the price of PMs: gold up £4, silver up 2p (rolls eyes).
This is the ZeroHedge take on it. The comments are insightful and entertaining...
https://www.zerohedge.com/markets/biden-g-7-will-ban-russian-gold-imports
Let's not forget, the Russian Central Bank is about to adjust the Rouble:gold (soft) peg...presumably DOWNWARDS given the strength of the Rouble, so expect metals to get monkeyhammered again. These Western sanctions seem to be doing far more damage to us than they are to Russia....almost like it's by design.
U.S. President Joe Biden and fellow Group of Seven leaders will agree to announce a ban on new gold imports from Russia, a person familiar with the plan says, the latest sanctions imposed after the Russian invasion of Ukraine.
The leaders will announce the joint pledge at their summit in Germany, which runs Sunday through Tuesday, the person said, speaking on condition of anonymity ahead of an announcement. The U.S. Treasury Department will issue a ban on Tuesday, prohibiting U.S. imports.
Cheers boobooberbear.....I honestly think that gold with non counterparty risk....will be about the only thing left to safeguard living standards (especially for retirees)...If sound money isn't restored.....indeed the masses will be earning less (in real terms)( nuclear family only needed one adult worker in the 50s/60s/70s...now two workers struggle).....won't be able to afford electric vechicles or electric other stuff...heating..housing...food...travel...healthcare.....etc....middle class will be disolved...and what about our pensions....what are they invested in...and the funds are already well underwater....what's going to happen with commercial property......again think "nominal" terms with no QE or similar and think in "real" terms with more QE or similar.....
....yes indeed standards of living (already dropped in real terms)....and think of the quality of what you buy today and compare it with proper quality stuff from the past (all our new smart tvs, electric taps, dishwashers.microwaves, oven's, washing machines etc. have packed in and have shorter lifespans.....our old stuff (some of which we're reusing now...works grand).
I mentioned counterpary risk.....remember who the legal owner of your savings, nominee share acoounts, ISAs, ETFs etc. are.....and it's not you....so when the next "Northern Rock" "Bear Stearns"...maybe a "French Bank"......SIFI fails...and the resultant domino effect......will prove who legally owns what remnants!!!
I don't always 100% practice what I preach for practicle reasons...like my AJB SIPP and Trading Accounts.....but Paper certificates is a featur on part of my portfolio and a full balance on the rest is a must.
I am still disappointed that my average in Shanta (mid 30ps)....has lost 75% odd....soit will take me a bit longer than recent buyers to get in profit...but that's the way it goes.....it's important to do a bit of trading too if you can....but sucess is never guaranteed.
IMO. GLA
Good post:
There will probably be QE for the rest of my life, and I'm not that old, with debt loads, interest rates will never be allowed to find their natural equilibrium again, as Italy and Greece debt have shown in the last few weeks, when the printer stops, the market will turn on their debts, what this means in the years ahead is anyone's guess, but it will at the very least mean a massive drop in living standards across the west.
I understand where you are coming from booboouberbear.....but with some 90% of all $US in the world ever, printed/created over the last 10years....and 37% in the last 2 years...I would have thought gold would not be struggling as is (against fiat US$).....I appreciate that quite a few shorts need to be closed by the bullion banks...and volume of trades lighter in the Summer months....so gold may take a hit......but I wonder where the currencies will fare (in real terms)....they may sack the $US in favour of saving the economy after all....I mean the powers that be don't like their assets plumetting and regardless of what the FED says...it's what it does that counts.....and in the last 3 weeks of QT...their assets have not contracted once...how's that for double speak!
World debt cannot afford real positive interest rates (needs to be 20% to beat realinflation now)....so yes it will be more QE or similar ....or some sort of failed reset of the $US.......so it might looklike gold is flying....but it depends what it's measured against!
So in summary we shouldn't be fixiated on the SP or POG.....just the amount of AU ounces we have above and below ground and what % shares of the company/companies we hold!
The whole market will drift substantially lower over the next few months and into the autumn / winter, once the liquidity tightens up under rate hikes and the earnings horrors / recession becomes clear in Q3 / Q4 it wont be pretty. I doubt many asset classes will fair well. It the QE from the worlds central banks that will follow the severe downturn that we should prepare for in investment terms.
On the micro, this company is set up very well for 2023 and worth substantial top ups at these levels IMO.
all over this stock.. no one prepared to hold for more than a day and on spot price movements... pathetic really.