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What is happening on Monday?
But that's been the deal hasn't it.. the USA would drop interest rates the americans would refinance and spend the cash... It would slosh around the US until it finally disappears off to China et al... look at the US trade deficit when it reaches $83 billion a month thats a trillion a year... Last month was $74.4 billion!
2008 was caused by banks handing out sub prime loans and then flogging them around the globe as AAA securities according to the BBC in their Trillions..Surely that was fraud??.. With goldman (our chancellors former employer.. the Swamp at work) being accused of deceiving customers.. to settle they paid a fine of 5 billion I think... which went to the government... their cut??
Cant drop interest rates anymore.. a quote from independence Day ....''Times up!''
But really the only bloke worth a listen is Peter Schiff schiffradio.com..
And I hear today on RT Boom n Bust .. the US government want to be notified on whos buying bitcoin.. for tax purposes.. there goes the confidentiality.. Theres no escaping government..
For fools they've got it pretty well tied up!.. or i should say ...For fools they've got US pretty well tied up!
Ho hum!
mrtibbles, as in Japan, you basically extend the mortgage to 50 years. They bend the rules etc so they can hang on, people in power and with the wealth have too much to loose to let the system fail. But with every dollar printed, gold should be becoming more attractive
So how would today's homebuyers cope with the interest rates of 12% we had to cope with 25 years back?
This is the party that claims to be more financially competent!
Sky World News 16th September 1992 Sterling crisis in ERM
https://www.youtube.com/watch?v=MGuKJT15SV8
https://www.youtube.com/watch?v=q9za9-T7vrM
Market has turned increasingly structurally bullish for POG this week
Problem is that VAT and PAYE hits the ordinary people the hardest, whilst the richest have ways of claiming it back or avoiding paying their fair share such as Amazon!
Think on this
The equivalent of one nurse’s annual salary is lost to a tax haven every second!
Countries are losing a total of over $427 billion in tax each year to international corporate tax abuse and private tax evasion, costing countries altogether the equivalent of nearly 34 million nurses’ annual salaries every year – or one nurse’s annual salary every second.1 As pandemic-fatigued countries around the world struggle to cope with second and third waves of coronavirus, a ground-breaking study published today reveals for the first time how much public funding each country loses to global tax abuse and identifies the countries most responsible for others’ losses. In a series of joint national and regional launch events around the world, economists, unions and campaigners are urging governments to immediately enact long-delayed tax reform measures in order to clamp down on global tax abuse and reverse the inequalities and hardships exacerbated by tax losses.2
https://www.taxjustice.net/2020/11/20/427bn-lost-to-tax-havens-every-year-landmark-study-reveals-countries-losses-and-worst-offenders/
https://www.taxjustice.net/videos/
Any one with spare cash will be seriously thinking of getting in here before the SP starts following gold.
Monday will be the day ,if gold price holds this level into the Weekend.
IMHO.
Soon isn’t it? Next week?
Good tick up in gold will only help the sentiment
Joe's World," suits me and you sir".
Price jumped as soon as US market opened.
GLA fingers crossed.
Now GOLD Is $1840 ....Then 1880!!!
IMO gold is about to go mental. We have rising inflation, weak jobs data and lower rates for longer - its the perfect storm. Centamin target £1.50 in short order
Ex dividend date 20th May - this is going to FLYYY NOW!!!
Shockingly bad non farm payroll stats. Give out free money and expect people to go back to work. Welcome to Joe’s world. Gold and bitcoin flying!
Looks like we are on our way to 130 for next week....Looking good!!!
Been out all morning.
Gold risen 20 cent in 5 minutes now 1838.
Would love to see us over 120 again. Would definitely be a tailwind moment :)
Superdry plus another 10% today after 30 yesterday.
When to sell is a good problem.
who is selling centamin someone selling gold per $18/ ounce when market price $1820 / ounce. company zero debt. cash at bank $325 ml mm tons of Gold reserve, market cap only 1.3 billons it can easily achieve 13 billion new licenses pending, untapped market Doropo / Batie west and ABC Project.
best of luck for sellers
Yes they are fools.. but the voter is the bigger fool.. or should I say easily fooled.. Black Wednesday BBC on the tube clarke says
It was while we were in the sitting room in the afternoon that we suddenly realised that we were probably the less well informed than anybody else in the United Kingdom about exactly what was going on .
So we actually began to search for a transistor radio. We decided we should try to keep in touch with the money markets and here we were cooped up in the Admiralty House ''the three people in the country least well informed'' about the hour to hour movements in the money markets'' which kept being reported to us upon which we were acting! ''
And he says it with a big grin on his face? .. so who are the fools..
I like MoneyWeek and subscribed.
But really they want you to have an app... on which you'll have to reject the cookies nonsense everytime you sign in.. a password.. and to read it on PC you need another password... Another password?? So I cancelled it..
Lifes too short to keep making up new passwords.. let alone having to remember them..
Taxation easily collectible.. The taxes on home electricity... Which including Green tax & VAT is now 38%... yes 38%
You can look t Ofgem n they tell you taxes make up 27% of your lecky bill.. a decption..the actual tax %age is 38%
And to pacify the chat commandos I bought 2 dollops today one for my ISA one for my bog standard a/c!
But also while I am here any views on the Royal Mints gold etf RMAU and Widomtrees PHAG silver and Gold SGBS..
Both got from MoneyWeek as being totally backed by Silver & Gold??
Regards to all. I think I can give myself a small pat on the back. I am a retired medic (GP) and I have been working doing telephone triage for coronavirus in the UK, for the past year. The service will finish later this month, as the number of cases are low in the UK and the youngsters will cope without us oldies. Back to full retirement and a building project next month. I think and hope that gold and gold mining shares are reasonable store of wealth in these odd times . I don't trust crypto a bit , but I have been wrong on that so far !
I went with Tui last year end of Sept..to Greece.no vax requirement...hardly any fuss, tui had a covid cover included which i though was smart as all the insurers including my annual policy had rewritten their small print...They didnt get the renewal the jerks. Had a great time and so glad i took the opportunity when it was there....there were families with children...ok half down on usual numbers but not insignificant......apparently now it's too dangerous and not allowed go figure ? The greeks looked like they were handling it well (Rhodes) and not going full on national socialist. Tui themselves i thought handled it well including on the aircraft
This is infact good news. 15 cases of new variant in a care home but no deaths. Vaccines in action
https://www.mylondon.news/news/health/outbreaks-indian-variant-found-london-20543646
Looks like we about to Fly again!!!
still radical threats and lockdowns and outs in Oz. This is not going away, as we have a "snuff it out 100%" policy, which has never worked with any virus in a few years....even if you have competent govt and management which are lacking in Oz
best
the gnome