Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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What motivates Trump supporters? Simple: They want their country back.
WSJ: They might have lost a loved one in Iraq or Afghanistan. What was the sacrifice for? In the botched peace and withdrawal, they concluded that the foreign-policy elite don’t know what they’re doing. They are hesitant about Ukraine, Iran and Taiwan because the same crew is in charge. They’ll back an America that fights to win, but they don’t want their sons and daughters to die for America only to lose slowly.
In the 2007-08 financial crisis, they lost a house, a job or a business. They learned that the people in charge of the financial system don’t know what they’re doing (been going on for decades). ObamaCare sent them a health-insurance card that doesn’t work well when they get sick (?). They wonder: Do any of the policy wonks who promote this stuff actually use it themselves? They looked at Hillary Clinton and saw her insincerity, her nonprofit collecting millions, the way she said Trump supporters belong in a “basket of deplorables.” They gambled on Mr. Trump.
Then the establishment blew up. They saw the Federal Bureau of Investigation harass Mr. Trump’s appointees, much of official Washington fashion itself “the resistance,” the Russia-collusion hoax, years of pointless investigations.
In 2020 Covid hit. Trump supporters initially went along, trusting institutions. But the pandemic soon exposed the politicized incompetence of the Food and Drug Administration, the Centers for Disease Control and Prevention, and the scientific establishment. Lockdowns destroyed lives. Officials made up rules and ramped up censorship. Inquiries about whether the virus came from a lab leak, or anything negative about masks or vaccines, became “misinformation” subject to censorship. Trump supporters saw media, tech companies and national-security bigwigs suppress the news of the Hunter Biden laptop just in time for the election.
When schools went remote, parents found out what was actually going on inside the classrooms. Teachers were coaching students to hate themselves, their country and their religious traditions and sexualizing young children...
and so on, should be a bumper year for gold, going into the mayhem of a US Election
good luck punters, and investors...
the Gnome
Like your last line justifying putting this social media diatribe on the Centamin investment board. I could answer about US politics, whether Obamacare better than before it etc, but here is not the place and what is the point in the face of the usual u fightable long term cyclical advance of ghastly strong men from Al Khameni in Iran to Putin in Russia Xi in China, Haniyeh of Hamas, Netanyahu, Erdogan, etc etc, all promise what you suggest Trump does, winning wars; logically not all can as even USA found from Vietnam to Iraq. Some of us still champion democracy as best of worst but as you say fewer, you think all this should be good for gold but its price seems more driven by real interest rates that its quick knee jerk reactions to outrages, so maybe gold will be up a bit this year but maybe not the soaring you see from the TV star you appear to champion, late stage Rome boo hoo
thanks sotolo.
the relationship between gold and interest rates is not quite as straight forward as one might think. aren't the interest rates a tad high, and gold at its (sustainable?) highest level ...
i take a view that gold is more of a defensive asset, that tends to fly when people lose trust in the systems, and uncertainty grows. in war time (we have a few on the go now) especially, government debt (already at extreme levels) and currencies (whose vaue is set by market forces, wink, nudge) can see extreme levels of volatility, and gold tends to serve as a defensive investment on the expectation that it will hold its value and be more steady than investments exposed to the global or political conflict, and so on and so forth.
you can see some science (sorry to mention this on the chat forum) testing of gold prices expressed in u.s. dollars, british pounds, euros, and chinese yuans finds evidence that gold returns respond positively to a rise in a set of uncertainty variables, suggesting that gold can be viewed as a hedge against uncertainties.
https://www.sciencedirect.com/science/article/abs/pii/s0301420721005535
i only watch tv for sport and a bit of black comedy (starring imran khan these days, sadly), the rest is just bs and filling in time which i dont have much of...could we see both the new pm of ****stan and the president of us both operating out of jail, lol, funny ol world
whats your prediction of the gold price at close of 2024? $2400?
https://www.jpmorgan.com/insights/global-research/commodities/gold-prices
good luck the punters and investors...
the gnome
Mr Gnome , the UK is in a worst state than I can ever recall, in short it has became and ever more divided by wealth prejudiced society!
Over two decades of ridiculously low mortgage rates have led to ridiculously high house prices, it was glaringly obvious that greedy estate agents and banks were just going to jack the house values because buyers could afford to take out ever bigger mortgages, this may have been of benefit to some owners , but in reality it also raises everyone living costs such as council taxes and other related cost such as house insurance with another Tory stealth tax of 12% IPT.
The UK state pension is a joke and it's impossible to find an NHS dentist , see a GP in a reasonable time and even when you do it's likely that you will have to wait over two years to see an NHS consultant assuming that you can get on the waiting list!
Yet for the past 14 years our UK Tory government has continued to take peoples National insurance contributions and use them for anything other than their intended purpose whilst systemically dismantling and privatising our health and social services!
People are encouraged o take on ever more debt to buy all the things they don't really need to keep the consumer based system turning, most never pay off there debts, they service them and take on more each time the interest tare drops which all seems fine until they are unable to work, possibly through not being able to access medical treatment!
Yesterday in Bristol there were over 2000 people some who were trying to register at a community dentists because of the dire shortage of NHS dentists!
https://www.theguardian.com/society/2024/feb/05/queue-new-nhs-dental-practice-bristol-st-pauls
Not the case Mr T- UK House prices were on average approx £140k and in Nov 2023 they were on average £280k, so a doubling in 20 years. I've owned properties for 35 years.
Agree on UK state pension is very poor. People often ask why over the past 50years why there is a UK obsession on buying a house compared to many other countries, well the answer is clear- how on enough can you pay the rent when you're over 67 if you didn't buy a house? Other countries state pensions are generally far superior, so this rent issue for pensioners is no where near as severe.
The biggest problem is the rent rise over the past 20years.
All govts in UK have generally been poor. The same media commentators are moaning about the debt are those same people who more lockdowns and furlough- bonkers... and causing enormous govt debts.
Agree on dentists and NHS in general. Again, media are generally to blame too. A friend recently had cancer, was passed from pillar to post to get it sorted, so many departments and hand-offs involved where rationale given was "we can't see this data due to data protection, go to this dept" and so on, causing huge delays...
If an AI data sharing utopia there would have been access to millions and millions of scans where scan images could be compared in a second to ascertain likelihood of cancer issue, whereas all they could see was some local data to compare and then it's up to the local experts to take a view before proceeding to next stage which of course is very limited.
Limited data sharing, beaurocracy built up other many years to "protect data" due to the 1 in a million chance of an issue and litigation has meant probably about 40% of the entire NHS is spent on beaurocracy causing bonkers delays!
Rant over...
Firstly I can sympathise with you over the loss of your friend to cancer and the frustrations of dealing with the disjointed NHS departmental system, I too recently lost a friend of over forty years to leukaemia and the situation was much the same as you experienced,
The NHS has far too many trusts, this has led to lack of continuity, inconsistency in costs, ineffective purchasing and a postcode lottery obtaining successful treatments and procedures , I also agree that data should be shared , but it seems that in many instances like your friends there is a general ignorance of the data protection act amongst staff.
You are quite wrong to blame the media tough , they are doing their job, exposing the situation
The reality of the effects of the lack of NHS dentistry is that the government over the past 12 years has worsened the dentists contracts to such an extent that they were carrying out many NHS procedures at break even or a loss.
I have owned properties since 1979, however during the Thatcherite years councils were forced to sell good quality social housing at up to 40% discount but they weren't allowed to use what money the did receive back from sales to build more social housing, despite there being thousands of people in most areas on the social housing waiting lists,
This was also an opportunity for the private landlords to exploit the homeless and needy.
Local council.s were also prohibited from acquiring capital assets, that included refuse trucks, highway plant, photocopiers and all manner of owned equipment, instead they were compelled to lease hire equipment, this was far more costly as councils are tax exempt anyway however pushing up costs for councils was all part of the justification to privatise public services.
Thatcher also scrapped the 1930 public transport act which safeguarded the standards of safety and affordable reliable frequent bus services , Local councils like ours were forced to sell off their municipal bus companies to the private sectors best offer which invariably as in our council case was less than half of their true worth, however this was also a way to get rid of the union membership and so an opportunity to scrap pensions schemes and worsen the staffs terms of employment
https://www.bma.org.uk/advice-and-support/nhs-delivery-and-workforce/pressures/nhs-backlog-data-analysis
https://www.mirror.co.uk/news/politics/department-health-slammed-stats-watchdog-31972187
https://www.independent.co.uk/news/uk/rishi-sunak-nhs-adam-kay-stephen-fry-jo-brand-b2472950.html
Quarter of population now on the NHS waiting list, poll suggests in warning to Rishi Sunak
https://inews.co.uk/news/politics/quarter-of-population-now-on-the-nhs-waiting-list-poll-suggests-in-warning-to-rishi-sunak-2655681