The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Shows inflation dropping last 5days
Agree Mr T- lost 2 mates to cancer since covid- we have one of the worse outcome rates in the rest of the world for cancer- and we have our saintly NHS! We pay GP's well over 100k after paying for their training and many get a shed load more by working in private sector also- and people say pay them more? Restrict their pay then they will have to work more than 3 days a week- no wonder so many retire early and only work 3 days a week- it's a national disgrace- most people work far hard then nhs people and yet the way the press report on nhs, you'd think they were the only people in the U.K. that know what hard work is
Ref: FOI2018/22809
Freedom of Information Act 2000: National Insurance Fund
Thank you for your enquiry of 22 December 2018, which we have considered under the terms of the Freedom of Information Act 2000 (the FOI Act).
You asked for the following information:
“Can you confirm that the National Insurance Fund is presently in surplus and by how much? Can you also please confirm how much has been paid from the fund into the National Insurance Investment Fund in the last 10 years”
The National Insurance Fund (NIF) Accounts present the receipts, payments and balance of the NIF at the end of each financial year. This information for 2017-18 and previous years is published by HM Revenue and Customs and is available online here:
https://www.gov.uk/government/publications/national-insurance-fund-accounts
The latest NIF Accounts show that the balance of the NIF increased by £2,286,469,000 in 2017-18. In addition to the previous balance, this resulted in a closing balance of £24,221,220,000, which was paid into the NIF Investment Account and, in practice, used to reduce the national debt.
If you have any queries about this letter, please contact us. Please quote the reference number above in any future communications.
Information Rights Unit
The pandemic has shown after over two decades of back door privatisation just how unfit for purpose the UK NHS has become!
The present government completely conned the general public with the "Save the NHS" campaign of not going to hospital and instead banging their saucepans in the streets on Thursday evenings!
Save the NHS , what utter rubbish, the NHS is there to save the people!
If a person needs and medical treatment o an operation then they should get it within six weeks , not be told it's no longer available on the NHS, or put on a never ending waiting list, the government is taking national insurance contributions under false pretences!
How is it that people can get operations within two weeks going private and that the staff working in the private hospital are in most instances usually from the NHS hospital down the road !
George Osorne as chancellor was using the supposed NI fund surplus to pay of the UK national debt and there was a petition but it got title coverage in the media
See our FOI request-
National Insurance Fund
A request which asks if the National Insurance Fund is currently in surplus and by how much; and how much has been paid into the National Insurance Fund Investment Account during the last 10 years.
Freedom of Information Act 2000: National Insurance Fund
https://www.gov.uk/government/publications/national-insurance-fund
Ref: FOI2018/22809
Hi Mr Bond,
I agree that the interview illustrates that its not economically viable to mine gold in the US at the present market price, so then the importance of investing in miners that have environmentally aware production costs reduction and control strategies in place ,such as Centamin!
1947 : "FREEDOM of speech and its democratic corollary, a free press, have
tacitly expanded our Bill of Rights to
include the right of persuasion. This
development was an inevitable result
of the expansion of the media of free
speech and persuasion, denned in other
articles in this volume. All these media
provide open doors to the public mind.
Any one of us through these media may
influence the attitudes and actions of
our fellow citizens.
The tremendous expansion of communications in the United States has
given this Nation the world's most penetrating and effective apparatus for the
transmission of ideas. Every resident
is constantly exposed to the impact of
our vast network of communications
which reach every corner of the country, no matter how remote or isolated.
Words hammer continually at the eyes
and ears of America. The United States
has become a small room in which a
single whisper is magnified thousands
of times.
Knowledge of how to use this enormous amplifying system becomes a
matter of primary concern to those who
are interested in socially constructive
action."
comprehend? game, set and match....
I forgot to mention Bernays was an Austrian who was very close to Germany,
Long before 1984, there was 1947, and worth a read over the breakfast table
http://www.fraw.org.uk/data/politics/bernays_1947.pdf
best
the gnome
Yes, well said, and of course we know what happened to Goebbels. But it did not happen that way in the USA for there is another game to play, and they neatly rebadged it as ...MARKETING AND PUBLIC RELATIONS and made a mocha or a trillion. LOL, and polluted the world with tobacco, sugar, coffee etc etc ...
The fabulous "theoreticist" Edward Bernays reigned supreme, and got women to buy slim ciagrettes which made them look slim and get slimmer, and apart from that they died decades younger thean they would have...with a smile on their faces...LOL
Edward Louis Bernays (/b??r'ne?z/ bur-NAYZ, German: [b??'na?s]; November 22, 1891 - March 9, 1995) was an American theorist, considered a pioneer in the field of public relations and propaganda, and referred to in his obituary as "the father of public relations".
https://en.wikipedia.org/wiki/Edward_Bernays
Profoundly stupid (especially for an intellient race), but then one nust keep the lemmings happy ...
https://en.wikipedia.org/wiki/History_of_propaganda
the gnome
Politicians are sheep- once a vaccine is in place it doesn't matter what the the death rate is, this is the standard way of doing things so deemed to have done all that is possible- so move to next issue. Forget the fact that circa 500billion gbp was spent and more have died due to the consequence of lockdown and more will die as no money to deal with fuel costs for many this winter. The media have so much to answer for - the vast majority wanted lockdown, wanted 500billion spent now want mate money spent of supplementary fuel money, the same media want the nhs to get inflation pay rises, the same media moan about the nhs waiting lists and the same media say the nhs is wonderful and the same media say it's the system - well my view is the system is made by people, the nhs is crap so why pay more for crap people- the media are a joke in this country and they waffle on endlessly and get paid handsomely for it- the media are only winners
What is even worse is the press giving their polititical views, including Google and others , who are controlled by people very similar to the Murdochs.
And even now the BBC, I will not comment on the rest.
Goebels was master of propagander ,many are now copying that method.
Keep the sheep informed,and poorly paid ,and insecure. On top of that Central Banks fraud, covered well by their insider friends.
Seems to work very well, the world over.
End of Rant .
One of the "events" in the last few years that has caught my attention has been the absolute hysteria and hyperbole about the covid virus, and it has been at such pandemic levels that a person well grounded and driven by science and logic would be driven to despair.
In Australia (and elsewhere) our democratically elected pollies have delegated running the health of the country to the health bureaucrats who are not uptodate health scienstists, but one might think of them as well meaning bottom coverers.
https://www.spectator.com.au/2022/07/dont-blame-the-unvaccinated/
Prof Ramesh Thakur is a health scientist, with an enviable record in health science, and is one of many scientists who are calling to case, the "management" of the covid health pandemic. In Oz, the power elites have forgot we are an island at the bus stop at the end of the world, and proclaimed THEIR profund skills at managment is nothing short of divine.
In short "...the number who died with Covid after we hit 50% vaccination is 2.3 times higher than the number before that point" What happened and why?
Deborah Birx was the White House Covid response coordinator under President Donald Trump. Jeffrey Tucker recently wrote a brutal takedown of her woeful interpretation of science and data designed to manipulate Trump into going along with her preferred but misguided policy interventions to deal with the Covid outbreak.
In an ABC podcast on December 15, 2020, she said:
‘I understand the safety of the vaccine … I understand the depth of the efficacy of this vaccine. This is one of the most highly-effective vaccines we have in our infectious disease arsenal’.
Appearing on Fox News on July 22, however, she claimed:
‘I knew these vaccines were not going to protect against infection. And I think we overplayed the vaccines. And it made people then worry that it’s not going to protect against severe disease and hospitalisation’.
This might help to explain why there has been such a concerning collapse of public confidence in leading health institutions and ‘authorities’.
The collapse in public confidence is more than just in health. It is in politics, it is in banks and currencies and so and so forth. Thank goodness for the stability of GOLD !!!
I would suggest we could do a lot better, and of course, in Gold we trust...
the gnome.
I am interested in China and their development and it has been very rapid over the last 25 years, where as the reigning emperors (US) has been a little “up and down”, and is heading towards self destruction. Russian invasion? Lets ort out Latin America ..again ... One could say ..slightly flawed.
Why does China love gold?
1. China graduates 1.5 million engineers per year, which is a bit more than Australia’s 10,000 per year. They value education, science, engineering and rigour. Oz values football, meat pies, beer and rum? Goodness knows what the US values apart from a good shoot out at the OK Corral? And the UK??? Sadly LOL
2. China has had a long love affair with gold as a store of wealth, ad China has a memory longer than the Gold Fish, and many people today on Tick Tok, Facebook and alike.
3. The outstanding candidate for a true international currency, is through the block chain technology (DeFi or decentralised finance), which overcomes many (not all) of the inefficiencies and opaqueness and controls on the USD. The trouble with DeFi is their asset backing, and guess what pops up. Gold!!!! The US$ has well and truly lost its social license to operate.
4. Banks have similarly lost their social license to operate, and there are many more law cases to come to the fore!!! Market manipulation, compliance failure etc etc … not to mention paying their CEO’s outrageous salaries and remuneration when they are not in a fully competitive market.
So (to walk the plank) I am looking for Chinese led DeFi International currency, backed by gold, to replace the immaculate privilege of the US$, and a better world to boot! And my guess is the world will be a better place,
and THE GOLD PRICE WILL RISE ...
have a great weekend, not too much double malt (despite the taxes going up)
the gold gnome
Joh. Berenberg, Gossler & Co KG (“Berenberg”) and Stifel Nicolaus Europe Limited (“Stifel”) have also been appointed to act as Endeavour’s UK & European broking advisers to further assist in raising its capital markets profile.
https://www.endeavourmining.com/media/news/endeavour-appoints-corporate-brokers-ahead-its-london-stock-exchange-listing-june-14
Mr Tibbles, I am afraid it was a dissappointing interview.
Basically all the guest said was without a rise in metals prices his US mines were not economical.
ce est la vie .
Agreed Cowichan, what a dead dog of a share!
https://www.morningstar.co.uk/uk/news/AN_1660725956795469300/hochschild-mining-profit-dives-due-to-covid-and-fire-related-costs.aspx
https://www.proactiveinvestors.co.uk/companies/news/990337/hochschild-mining-reports-34-drop-in-earnings-amid-global-turmoil-990337.html
In this week’s Live from the Vault, Andrew Maguire is joined by CEO and president of Gold Express Mines, John Ryan, speaking on a succession of mining projects unearthing the US’ rich metal reserves.
In such a turbulent inflationary environment, the precious metals expert addresses the gross undervaluing of gold and silver and shares the market indicators that would signal the downfall of the paper markets.
2:56: An American Heritage of Gold Mining
6:59: Revitalising US Mines - Uplifting Community and State
15:23: The Physical Operation
20:56: Gold - What’s the break even price?
31:17: Supply Demand Price Last Seen with Nixon
35:36: The fight against decimation by paper market influence
https://www.youtube.com/watch?v=YJouH6WklI0
Not exactly.
Peel Hunt has been appointed as joint Corporate Broker to Hochschild Mining PLC, as announced on 1st June, 2022.
What a dog of a share... what a dog of a company. So what can Peel Hunt do for them other than find a buyer?
And another mutt in the Peel Hunt dog pound :
Peel Hunt has been appointed joint Corporate Broker to Tullow Oil plc, with effect from 22nd June, 2022.
Wowzers.
For some fun go to http://www.hochschildmining.com/en/home
and read their Corporate mantra:
- Creating Value
- Responsible and Innovative Mining
- Acting Responsibly
A lot of good that has done LTH's
Without diversification of assets Centamin faces the same fate
Paul
You do realise that HUI Arca, GDX and GDXJ have been falling the past few days and Centamin has held 93p-94p. Normally this would be in the region of 89-90p. Additionally gold has also fallen. Tony
Combine their more open appetite for gold with their undisclosed additions to their holdings & the fact they are more peeved with the US than usual at the moment & there is a good chance China may be advancing its alternate currency ambitions faster than originally planned.
With their falling industrial output & shaky property industry the central government has some compelling reasons to create a worldwide economic shake up.
I am with you gnome, I am very comfortable with my physical gold holdings & exposure to gold miners if for no other purpose than as insurance against financial turmoil which I see as inevitable - to me the question is when not if.
China stepped up its gold imports from Switzerland in July, purchasing the most bullion in more than five years, according to the Swiss Federal Customs Administration.
CHINA IS THE BIGGEST GOLD PRODUCER AND IT DOES NOT SELL ITS GOLD...BUT IT DOES AHAVE A GOOD APETITE FOR MORE, A LOT MORE ...
Demand from China is starting to pick up over the summer months, with Switzerland shipping 80.1 tonnes of gold to China, worth $4.6 billion.
This is a monthly increase of 146% and the biggest cargo since December 2016, Swiss customs data showed Thursday
Its about time we got a few substantial director buys isnt it? Try and keep the recent , post update, upward momentum going.
It might cheer us up a bit to see a few decent sized buys. :-)
Hi Sotolo
When you say gold is going down in price, you imply the value of the USD (or other fiats) is going up. Lets look at the reason for this expectation, epecially when the history of the USD is ... it goes consistently down over time. And in more recent times you have seen rather startling phenomena
1. More Money has been created out of less thin air than every before
2. More debt has been piled on than ever before
3. Interest rates have been the lowest for longer than ever before, creating a bubble bath, but still the interest rates were kept lowest for longest.
4. The trust in the Fed Reserve and Central Bankers is near its lowest: so low in Australia that we have a government review LOL https://ministers.treasury.gov.au/ministers/jim-chalmers-2022/media-releases/review-reserve-bank
5. Trust in governments is at close to a all time low. We have the Trump bumping along, Biden biding his time: Geoffrey Robertson remarked in his show last night in Oz, that it was good week in UK politics as Boris had not got anyone pregnant in the last week at a staff function, and the Australian past PM had not remembered anymore portfolios he had given himself ministerial powers in (not to mention the extraordinary secrecy surrounding the whole exercise) (the count is 5 at the moment LOL)?
https://www.abc.net.au/news/2022-08-18/scott-morrison-secret-ministerial-roles-lack-trust-extraordinary/101343202
6. Leadership in the police force seems to be grinding down to new lows, with more guns blazing in the USA and shots tot he feet in Oz. The Queensland Deputy Commissioner referred to a friend of his as a "vagina whisperer" during a speech to 100 staff members at a conference in Brisbane in April, now been outed and has resigned.
So be interested in your reasoning.
I am staying the course with gold and a few gold miners. There are a few gold miners that are definitely on my avoid list though, and CEY is not one of them
best
the gnome
They raise funds too so what about expansion and taking over and merging with others proactively
If I wanted to take a gold mine over I would keep my older dry wait for gold to fall a fair bit further and get it for much less. Unless I was a company like Hoc that had to buy 6 months ago as their gold running out
Equities in Europe traded mostly lower in the premarket on Friday as Britain revealed a monthly rise of 0.3% in its retail sales, while Germany unveiled an annual increase of 86.1% in its energy prices.
The DAX declined by 0.23% at 8:00 am CET. At the same time, the CAC 40 decreased by 0.25%. Meanwhile, the FTSE 100 stood flat.
The euro lost 0.07% to the dollar to sell for $1.00801 at 8:02 am CET. At that minute, the pound sterling fell by 0.14% against the greenback to go for $1.19142.
Baha Breaking News (BBN) / JR
Happy Friday y’al
Enjoy your weekend.