Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I sold a property with the completion being sept 24th.
I’ll miss the dividend date but hopefully I’ll manage to increase my holding while the stock is ridiculously undervalued.
I have my eye on another property purchase, hopefully if the share price increases, I won’t have to sell all my holding to make the money up.
My last purchase of Centamin was last December at £1.12ish. I can’t believe 8 + months have lapsed and the price hasn’t risen enough for a profit, not even a small one.
Watching with interest.
Razors it's no normal times, the market has gone mad.
Good luck with your trading outside this slurry.
MrBond I got a letter from the gas company today saying their price is to rise in a week or two by 10%.
Surly as everything seems set to rise then gold will follow suit.
Everything crossed.
Same here Razors electric soared just when those with aircon want to use it.
Prices rising is inflation no matter the trickery in the govs figures.
Are wages going up 10 %.
No.
Good night , sleep well.
There's nowt can be done about it. Lol.
Gold price, has some long term sets and short term. The long term sets are etched in ink by the continual loss of purchasing power of fiat currencies. The US dollar has lost more than 95% of its purchasing power since the creation of the Federal Reserve in 1913 (happy coincidence?), as adjusted by the official consumer price index (CPI). In other words, goods and services you could buy with less than $5 in 1913 would cost you $100 in today’s dollar.
Watch the Money supply (M2) in the U.S. which has skyrocketed over the last two decades, up from $4.6 trillion in 2000 to $19.5 trillion in 2021. The effects of the rise in money supply were amplified by the financial crisis of 2008 and more recently by the COVID-19 pandemic. In fact, around 20% of all U.S. dollars in the money supply, $3.4 trillion, were created in 2020 alone (!!!). Reason to believe in the value of the fiat currencies? If the fiat goes down in effective value, the value of gold in terms of the fiat goes up?
But Ray Dalio explained, if you put money back into the economy by roughly the same amount that it was taken out / cancelled, then consumer inflation will not pop up. The equation is: – X (money destroyed by crisis) + X (money printed to replace them) = 0 CPI. Assuming this money gets directly in consumers’ hands and they spend it on CPI-related goods, not on stocks. Evidence for this balance? No.
Recent figures in Oz, show spending on retail is going down, and the spending on house purchases and shares is going up. The hedge fund industry is now around $3.1 trillion. In 2020, the value of venture capital investments in the U.S. amounted to approximately 130 billion U.S. dollars. Both are competing (very) aggressively for quality assets. Both are overpaying. So money is washing around looking for good assets to invest in.
The monetary system is fiat with a massive tilt towards "credit and debt money". Probably with no way out.
Fiat definition? a command or act of will that creates something without or as if without further effort
According to the Bible, the world was created by fiat, and today we have our earthly versions .. the central bankers.
The other aspects come down to the word trust. Given the constant debasing of the value of money over the last several decades, topped by recent events such as wars, viruses, bubbles, fraud, what would you trust in?
good luck
the gnome.
Just to add a bit more, for infotainment, in case your weekend is lost!
First seriosuly...My football team won in its final, and looks odds on to take the premiership, ...whew!
The Central Banks have committed to printing over $10 trillion (half of total GDP) under the auspices of Covid relief. IN Oz we are entering our 2nd quarterly recession resulting from our governments management of covid, have record government and private debt, housing out of reach, outsourced our manufacturing, and on it goes.... [We also have more people dying on road accidents per month than covid, and an obscenely all time high of teenagers admitting themselves with mental heath issues into our hospitals, the cure is worse than the disease?]
The biggest deal on the ASX was the acquisition of AFTERPAY for a cool A$39 billion, which had neither an orginal idea, or a large robust moat, and has just revealed a $156.3 million net loss, 689 per cent worse than its $19.8 million loss last financial year, [BUT of course, with high expectations for growth amid being Australia’s biggest ever corporate takeover!!], and this after the co-founders took $x00m off the table, and they now pocket A$2.7 b each ... great money if one can get it, why bother with mining or finding gold. Eldorado recast/reminted? AFTERPAY is part of the endless credit and debt game that is now part of life, as few now (apart from co-founders) have had a meaningful pay increase for decades, and hence cannot afford the lifestyle they aspire to. Answer: BUY NOW, PAY LATER, and why not?! Productivity gains?
We work hard to not learn from past mistakes, believe what we are told if we are told enough times, regardless of how stupid it is. In fact reminds me of MOBS, MESSIAHS AND MARKETS, by Bonner and Rajiva, and of course
THIS TIME WILL BE DIFFERENT
Enjoy the dying hours of the weekend, for next week is another week in the mystery of the [slightly regulated] market place, and my football team is a other week closer to an appearance in the Grandfinal!.
best the Gnome
https://twitter.com/business/status/1431955301503315968?s=19