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This time last year I was paying $2500 to ship a container from China.
This time last month I was paying $14,500
Today I'm paying $15,500
Next month they tell me they think it will got to $20,000
Ships were scrapped at the beginning of lockdown, there is insufficient capacity. It takes 2.5+ years to builds a large container ship. So perhaps its transitory, 2.5 years from now...
J Powell,
I wonder Is he any more capable or incapable than any of the others?
Has anyone else not received their payment?
J Powell to answer questions from lawmakers .
Gold may go sharply up, or down . Depends if more paper is dumped of course, and there is plenty to Dump.
Boris certainly doesn't care a jot about inflation or us ordinary people !
Boosting British Trade, My ar*e!
Boris Johnson’s plan for a successor to the Royal Yacht Britannia is “silly populist nonsense”, former chancellor Ken Clarke has said.
Lord Clarke said the £200 million national flagship demonstrates that some in No 10 believe there is “free money” despite the stretched state of the national finances.
Cabinet minister Matt Han**** insists the vessel will pay for itself by boosting British trade with countries where it can dock.
It shows there are people in No 10 who just think there’s free money and who think that waving a Union Jack and sending yachts and aircraft carriers around the world shows what a great power we are
Lord Clarke
Lord Clarke’s criticism came as official figures showed that government borrowing stood at £24.3 billion in May – down from £43.8 billion a year earlier at the height of the pandemic, but still the second highest figure for the month on record and £18.9 billion more than in 2019.
https://www.msn.com/en-gb/news/uknews/boris-johnson-condemned-by-ken-clarke-over-silly-200m-flagship/ar-AALiJYd?ocid=msedgdhp&pc=U531
Thanks Mr Gnome,
I sent Kees the link.
Tibbs
Ouch Razor- never been married, been with my partner for 6 years and we have separate houses- works well lol
Steve mine went, when the judge awarded her the matrimonial home!
Never been happier.. truly I owe her.
Hi Mike,
Politicians that are "Nice" rarely climb the political ladder, political success has a price and unfortunately honesty,morality,genuine compassion and understanding of society are quite insufficient to cover that price!
Depends where you live- but just happy I bought my detached house 26years ago! 600% gain not to sniffed at and no mortgage and we all have to live somewhere :-). Would hate to have to find the rent for it, if wasn't mine!!!
Hi Mr Z,
Most likely John Bercow is very keen to stay on the political gravy train, although he has admitted his mistakes (prejudices ) of the past, as yet his motives for joining Labour may still be in question, although just like anyone else who has expressed regret for their past he deserves the opportunity to make amends.
Bercow claims his prejudices and political attitudes were due in part to peer pressure from his father, having experienced similar treatment from my father I can have some sympathy with that, although he accepted his father's "Doctrine of predestination" and achieved great political success.
(My father a successful scrap metal dealer/road haulier had similar right wing views and demanded that if I were to live under his roof that I would vote Tory, when I disobeyed he sacked me from his business so I took a job as a bus conductor (joining the TGWU), we had rows every day until after a fist fight in which we fell down the stairs I moved out. years later we agreed a truce although never changed our views, but I held his hand as he was dying.
So all our decisions in life right or wrong are at a price and all have consequences.
The former Speaker added: “What was really significant and bad for me. I took the wrong course and made a very foolish decision was that I listened to what Dad said about Enoch Powell.
He was “deeply ashamed” of his connections to the Conservative Monday Club and his admiration of Enoch Powell. Mr Bercow held committee positions on the Conservative Monday Club (an extremist, ******, anti-immigration pressure group) when he was 20-years-old. The Conservative Party suspended the club because of its race policies in 2001.
https://www.express.co.uk/news/politics/1240300/John-Bercow-Brexit-latest-news-update
https://unherd.com/2020/02/the-strange-tragedy-of-john-bercow/
John Bercow was always a misfit. The son of a Jewish taxi driver from north London, grandson of a Romanian immigrant called Bercowitch, bullied at his local comprehensive for his precocity – while his friends scrapped, he would read the Times. At university, while his friends quoted Monty Python, he would quote Disraeli. He was bullied for being Jewish and for not being Jewish enough (his mother was a convert) as well as for his diminutive size and the teenage affliction of “really very severe acne”.
https://www.newstatesman.com/politics/politics/2012/09/john-bercow-ive-never-liked-little-cliques
As Speaker, he broke the crucial convention of impartiality admitted voting remain. He caused outrage by manipulating parliamentary procedure , first to force Johnson to delay Brexit and then apparently scuppering the referendum result altogether by siding with Labour and Tory rebels.
https://www.dailymail.co.uk/debate/article-9706741/ANDREW-PIERCE-John-Bercows-defection-terrific-coup-Tories.ht
Boris lies and deceives the electorate and his Brexit has brought nothing but misery and increased expense for the future!
My local property experience is currently add 20% to what you think it’s worth and that’s about what it’ll sell for.
Apply that kind of inflation to the price of Gold and theoretically all we have to do is wait.
Its a little annoying that we buy gold or GMs to protect our wealth from inflation and money printing, then when money printing and inflation happen, the gold price doesn't recognise it or appreciate to fair value
in again here like the no stamp duty,but whats the crack with div says 6% on trading view is that right? and anyone know if we have an ex div date or anything would be great i coundnt find anything
The speculators will panic for a little while and then business will resume ...
Bercow is not a nice man....lots of bulling for such a small man!
Self serving , looking for the limelight and just how much did he spend on his wallpaper in office and fancy meals out-tens of thousands . He is milking the money now he has gone freelance...all the same right/left and in the middle
There are very few if any honourable politicians after 4 years all on the gravy train at the expense of ordinary people/tax payers
I agree with those figures Goldgnome.
For anyone doubting read Victor Derganov . seekingalpha.com/article/4435595.
Make for logical reasons, for the apparent short term drop in both AU Price and miners.
That's for MrT BTW
Good news on John Bercow joining Labour? Are you really happy to champion someone because they hate Boris? Have you seen Bercow's previous voting record? Did you know he was a member of the Monday Club? Look that one up. Do you approve of bullies? The guy is desperate to get into the HoL. For goodness sake!
Thanks Mr T
Richard Schodde has made his business around tracking discoveries for 40+ years. He is a keynote speaker at all of the major global exploration conferences (PDAC, New Generation Gold, Diggers and Dealers etc), consultant and govt advisor on all continents. Very well connected, very committed. I think Richard also subscribes to SandP Mining Intelligence, which we set up some decade or 2 ago.
https://www.spglobal.com/marketintelligence/en/campaigns/metals-mining
Kees can contact him at the below link
https://minexconsulting.com/contact-us/
He will learn a few things without doubt
best
the gnome
In 2000, gold was trading at around $290 an ounce, roughly a 700% gain in slightly under 30 years from 1970....
the monetary base had grown from about $75 billion to over $600 billion in the same time frame, roughly a 700% gain as well.....
since the financial crisis in 2008, monetary expansion has taken off. By 2020, both the monetary base and gold's price were up by around 4,400% from their levels in 1970.
....However, gold's price is lagging monetary expansion now lagging...The monetary base is at approximately $6 trillion now, up by roughly 8,000% from 1970. Yet, gold's price is only up about 4,800%, as the yellow metal has not kept up with rapid money printing in recent years.
https://tradingeconomics.com/united-states/money-supply-m2
This lag could prove transitory, and gold needs to appreciate by roughly 67% to catch up to the monetary base advances. A 67% increase relative to current prices would put gold at about $3,000 an ounce.
https://www.gold.org/goldhub/data/gold-prices?gclid=CjwKCAjw8cCGBhB6EiwAgORey85R4gHO9vvXfPhaKMzKNxoj8Ok1H8i07BHdR4T3qzgR2jI3tBpfnhoChRoQAvD_BwE
Also, there is no guarantee that the monetary base will stop growing or will decrease. Provided all the variables like massive debt, U.S. trade imbalances, inflation, low productivity and low-interest rates, the monetary base will likely expand from here...
So bet 1. Gold to $2k p ozs in 6 months
and bet 2? Gold to $3k+ Ozs 12-18 months
good luck to us all.
best
the gnome
Shares on major European stock markets moved higher during the premarket session on Tuesday, shrugging off the hawkish tone set by the Federal Reserve's latest policy announcement last week.
Asian markets traded higher as well late in the session, with the Japanese benchmark Nikkei index surging over 3% following a volatile session on Monday. With little on the economic calendar, traders continued to monitor developments surrounding the coronavirus pandemic.
The DAX rose 0.29% at 8:00 am CET. At the same time, the CAC 40 climbed 0.12%, while the FTSE 100 added 0.38%.
Breaking the News / JC
Jefferies predicts golden Centamin re-rating
Gold miner Centamin (CEY) is offering exposure to a ‘world-class’ asset and sector-leading dividends, according to Jefferies.
Analyst Alan Spence retained his ‘buy’ recommendation and target price of 170p on the stock, which was down 2.45%, or 3.05p, at 121.45p yesterday.
Spence upgraded his 2021 earnings estimates by 10% and increased production guidance by 2% while lowering cash costs by 6% and trimming his 2022 earnings forecast by 5%.
The miner has set out a multi-year plan to return to producing 500k ounces of gold a year by 2024, which Spence said is the ‘first material shift in strategy since new chief executive Martin Horgan took over in April’.
‘We believe the aim is to create a more stable and predictable (Egyptian) Sukari mine,’ he said.
Spence said the shares ‘offer exposure to a world-class gold asset, sector-leading dividends, and opportunity for operational led re-rating’.
Amazon destroying millions of items of unsold stock in one of its UK warehouses every year, ITV News investigation finds
https://www.itv.com/news/2021-06-21/amazon-destroying-millions-of-items-of-unsold-stock-in-one-of-its-uk-warehouses-every-year-itv-news-investigation-finds
Online giant Amazon is destroying millions of items of unsold stock every year, products that are often new and unused, ITV News can reveal.
Footage gathered by ITV News shows waste on an astonishing level. And this is from just one of 24 fulfilment centres they currently operate in the UK.Undercover filming from inside Amazon's Dunfermline warehouse reveals the sheer scale of the waste: Smart TVs, laptops, drones, hairdryers, top of the range headphones, computer drives, books galore, thousands of sealed face masks – all sorted into boxes marked “destroy”.
Shocking these laptops etc could have been donated o charities and needy schoolchildren !
Tibbs
if so, all the easier to get castrated ;-)