Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Gold over 1800 now, this should move now..
GL to all.
As someone who would only ever contemplate voting Labour, if it were a credible option, and someone who voted to remain in the EU (I was absolutely forbidden to do otherwise!), in the interests of balance, it is not only the Conservatives that have a little penchant for splashing out the cash on renovations.
Read the 'Reputation' section.
https://en.wikipedia.org/wiki/Derry_Irvine,_Baron_Irvine_of_Lairg
As I have said, nothing is quite as it seems and hasn't been for some time.
I'm not very interested in politics, either. I'm also not interested in gagging people. If someone writes something on this board, I don't have to read it. I also don't believe that a person has to justify his/her existence to anyone else.
Aoife
Now organisations are following the same model. With DAOs, like bitcoin, there is no central body to close down or tax. These organisations operate on distributed blockchain networks with no company HQ, no formal organisation at the centre, no base in any jurisdiction and no central point of failure.
Their currencies are their own issued tokens; digital, existing outside fiat economies. Their platforms and businesses will be automated by code, often written on an open-source basis.
Governments are trying to impose taxes, censorship and other rules on the likes of Facebook, Twitter, YouTube, Uber and AirBnB. How will they do that to the social network, the video-, ride- or flat-sharing platform is decentralised?
Many of the often highly libertarian developers in the blockchain space have even stated that their intention with DAOs is to replace the state altogether. If they deprive it of essential tax revenue, they’ll go a long way to doing that.
There are many reasons tech stocks have been able to grow at the phenomenal rate they have since the late 1990s.
One has been the incredible product or service they have been able to offer – Google’s search engine, Apple’s phones and computers, Amazon’s shopping and delivery.
Another has been the sheer scalability of digital tech – Google can make a change to its search engine and billions benefit; a brilliant app need only be uploaded once, but it can be downloaded billions of times.
But also, with valuations based as much on users as on profits, tech companies have not been held back by the heavy taxes imposed on the physical economy. Not having to leak capital to the tax man, means they can reinvest in their own companies, develop quicker and better products and then offer them to customers cheaper.
Well, these same three factors all apply to DAOs, only on steroids. DAOs are going to be huge.
Picking out individual opportunities is a lottery. If this were the dotcom boom, we would be in about 1997. We haven’t even had the first proper hype cycle yet. Google and Facebook haven’t even been invented, and Amazon is still only selling books...
Dominic Frisby Money Week
When it comes to taxes, the tech giants – Amazon, Google, Facebook and Apple et al – have for over a decade now made Western governments look like fools.
Heck, even Starbucks has.
Their globalised business models, with IP here, trademarks there, profits somewhere else, have meant that they can pretty much pay as little or as much tax as they see fit, and there is not a lot governments have been able to do about it.
Tax systems, bound by national borders and designed around the physical economy, have been exposed for the antiquated megaliths they are. Local individuals and companies have been burdened with heavy taxes so that governments can subsidize their out-of-control spending. The globalised digital behemoths on the other hand have got away almost scot free.
Well, if you thought governments were unprepared for the disruption brought to their revenue models by the tech giants of the 2000s and 2010s, wait till you see how unprepared they are for “decentralised autonomous organisations”, aka DAOs.
I’ll bet you less than 5% of government ministers even know what a DAO is. Nevertheless, the 2020s will be the decade of the DAO.
When “Satoshi Nakamoto” designed bitcoin, one of his key aims was to create a money system that had no central point of failure. Previous alternative money systems, he argued, such as Digicash and Digigold, had failed because there was a central company, a central office that could be shut down. Once this central point was shut down, the system came tumbling down with it.
So, intrinsic to bitcoin’s design, was that the system functioned on a distributed network – on multiple computers in multiple jurisdictions around the world. You might be able to take out one or more computers or nodes on the network, but you couldn’t take them all down. And it is the combined power of all the machines operating on the network that makes bitcoin so formidable. A government can make bitcoin illegal, but the computer power required to take down the network is so immense that it is almost impossible. This was Nakamoto’s blockchain.
Cont
I completely agree Mr B.
I think the financial war started a long time ago - currency manipulation is always the beginning. I just pray it's kept as a financial war and doesn't spill over into something worse - as it always has done in the past.
Still, if the banks want to keep gold cheap it just means I can build up more of a hoard as funds become available. I expect Russia and China feel the same.
Aoife
I agree with you Mr Bond. - I'm waiting with baited-breath, half expecting a communique to that effect. - The only thing about it is that several banks have already made preparations. - Not that that means anything. - If there are last-minute changes, it really will endorse/expose the corruption that is at the heart of the global-financial system and the power of the few who control it. - Due to social-media/internet, I believe there is a greater awareness now than at any time in history of the game afoot. - Will the powers that be take the risk of exposing themselves to a possible violent backlash?
I find it tedious just to post and read about Centamin, there is only so much new information available and that which is accessible gets posted on here, in the meantime whilst we wait or search for news Cey goes up or it goes down, that's it really, no point worrying or trying to predict whats going to happen, what will be will be.
So it's a good diversion to discuss other things at times about our world, such as the corruption that goes on with those that run it, especially our present PM and his ministers.
I'm not a trader, so I care not a jot about daily movements of a few pence, its time in and dividend that counts!
Relax, everyone will feel better soon when we get some news!
I hope I am proved wrong, but Basel 3. If past examples of US past behaviour is anything to go by will be vetoed by them.
The pressure from the Cartel and London combined, will be intense.
They fully understand the implications, and loss of control, if they lose.
No more ability to short paper metals.
We are already watching the start of a financial World war , it may get far worse.
I will watch with interest .
Finger cross that gold crosses 1800 today then happy days.
Could you please use another platform on which to air your political views as they have no relevance to the case for investing in Cey. Ironically the Labour Party will demonstrate how out of touch it is when it loses the Hartlepool by election.
£30,000 a year to decorate PM's flat,not enough!
Michael Gove's wife has come to the defence of Boris Johnson over allegations surrounding his flat refurbishment, by claiming that he "can't be expected to live in a skip".
Sarah Vine, who is married to the Cabinet Office minister, said the prime minister must live “to a certain standard” and that it is “perfectly reasonable” for him to want to change the colour of his sofa.
Prime ministers are allocated a budget of up to £30,000 per year to renovate their Downing Street residency, but newspaper reports have suggested Johnson has spent up to £200,000 on the changes.
According to the Daily Mail, Johnson told aides he could not afford the revamp of his Downing Street flat as the costs started to spiral.
Boris Johnson reportedly claimed he could not afford the £200,000 cost of revamping his Downing Street flat, following suggestions he wanted donors to “secretly pay” for the work.
It is the latest allegation about the refurbishment of Number 11, and comes after Downing Street attempted to draw a line under the issue.
A No 10 spokeswoman said renovation costs of Johnson’s living quarters, beyond those provided for by the £30,000 annual allowance, had been “met by the prime minister personally”, adding: “Conservative Party funds are not being used for this.”
But the Daily Mail alleged Johnson told colleagues the bill was escalating out of control, while his chief of staff Dan Rosenfield felt the refurbishment was a “crazy arrangement” and a “mess”.
When pressed by reporters, No 10 declined to deny suggestions that the prime minister received a loan from the Conservative Party to cover the initial costs, before repaying the party.
The newspaper said when aides asked the prime minister how much the upgrades were costing, Johnson replied: “Tens and tens of thousands – I can’t afford it.”
The Conservative Party leader has faced a flurry of questions regarding how the revamp was paid for following a fallout with former aide Dominic Cummings.
The former de facto chief of staff, who quit his post last year, said Johnson wanted donors to “secretly pay” for the work in an “unethical, foolish, possibly illegal” move.
Hi Guys
Herewith a link to the most recent B3 talk by Andrew Maguire. - I know some of you have a thing about Andrew and Kinesis, nevertheless, I think you'll learn quite a bit from this interview. - WARNING: - Best have a coffee in-play before settling back to listen. Also, allow for a couple of top-ups. - Cheers.
https://www.youtube.com/watch?v=CGxxuL2BIoQ
Also a very interesting interview!
Hi Playing theodds,
Glad you posted the link to the interesting article on Basel 3, it highlighted some very important points regarding how seriously the big banks regard these big changes.
Unfortunately some private investors really haven't grasped the importance of Basel 3 and how it will influence the POG, which is understandable considering the blatant paper manipulation relatively unchallenged that has taken place for far too long
Great Article and can see this above $1800 soon!!!
https://www.fxstreet.com/news/gold-price-analysis-xau-usd-attempts-another-run-towards-1800-as-focus-shifts-to-nfp-202105060259
I agree 1796 almost....this is going to FLY soon!!!
With this being ex dividends on 20th May I do see this creeping up all the way to 120/130....
1793, once it breaks 1800 this has to play catch up
Gold will FLY today!!
Boom!
Shares on the major stock market indexes in Europe traded with modest gains in the premarket on Thursday, as the traders took stock of yesterday's session marked by strong gains. The investors will monitor the fresh slew of economic data coming from the United Kingdom, and the European Union, and await the Bank of England's decision on the interest rates in the country.
The CAC 40 was up by 0.10% at 7:57 am CET, while the DAX gained 0.07% a minute later. At the same time, the FTSE 100 advanced by 0.28%.
Both the euro and the pound stood flat versus the dollar at 8:01 am CET, selling for 1.20091 and 1.39064, respectively.
Breaking the News / BU
Gold on the rise, currently $1792.53
I know this is common knowledge to most on here but interesting for newbies
https://www.investing.com/analysis/basel-iii-could-be-golds-best-friend-200562335
Market commentary is definitely reflecting a bullish outlook for gold. This one is of interest.
https://www.bloomberg.com/news/articles/2021-05-04/sam-zell-buys-gold-with-inflation-reminiscent-of-the-1970s
Thanks,so busy i never checked.Thanks again.
POLY ex-divi tomorrow, sizeable % will out at payment time.
It will open tomorrow with this % removed, minus any increase or decrease as per normal SP drivers.
I asked that question because Polymetal went up nearly 2% today.So i say again why ?.Is there that much difference between the two shares ?.
If it really is the case that the US doesn't have the amount of gold it is reported to have, I wonder if the authorities may be tempted to buy some gold with all that printed money? I know Dominic Frisby, the journalist who writes for Moneyweek, said a while ago that the Moneyweek team told the British government that it should buy some gold with all those £'s that were printed after the Brexit vote. The government declined - gold was around $1200 at the time, I think.
The trouble is, does the US really have the gold? I think the American people are particularly open to conspiracy theories - UFOs, reds under the bed, who killed Kennedy etc. It seems even worse today - election fraud? It appears that the worlds of Hollywood and reality have merged in the last few years. Once, you went to the cinema and the film ended when the guy got the girl (or more often the other way around), the curtain closed, the lights went on and you came back to the real world. Nowadays, I can't tell the difference and don't know who to believe. Nothing is really what it seems.
And I don't even drink!
Aoife