Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
It's only the start of things. I added this morning - nice dividend to look forward to.
Have you seen the new boss? He's the same as the old boss.
https://www.youtube.com/watch?v=zYMD_W_r3Fg
A
I wonder if the implementation of Basel 3 will be of any use for long since I believe our banking system is on borrowed time. That’s why I don’t buy banking shares.
The 'moral hazard' of printing money has effectively gone from an economic policy perspective. Governments have already vowed never to bail banks out again - we'll see. They won't be required to sell the government's bonds for them and the government will have a digital currency and decide how much money the economy needs. The traditional way of increasing the money supply through the banking system will be gone.
People will continue their rush into assets – my preference is for precious metals to hold at home. I need to open an account with a supplier and supply identification now in order to buy. That only used to be the case over a certain value. That’s a nice little register to hand over to the authorities so they can come knocking on my door and demand it’s my patriotic duty to stand and deliver because they’ve bust the nation. I’ve got my response ready, though: ‘Oh, I have got some but I’ve mislaid it all. I’m such a dizzy airhead, but I’m pretty sure I buried it in the vegetable plot. You’ll find the spades in the garage, boys.’ I hope they turn up before planting time.
Aoife
It should read 'Einstein and Eddington'.
A
Thanks guys - ever the wise. My post had nothing to do with criticizing politicians, though. I've seen it all before. Let's move on.
Markets are finding it difficult to progress at the moment. Gold should find strong support here and very strong at $1700. I hoped gold would have a nice run up, so this little pullback could unleash a strong move.
Yes, I agree Centamin is looking better and better, and I'd like a few more with the EX div date in sight. Then reinvest the dividends.
Have you ever seen the film 'Einstein Vs Eddington'? It stars David Tennant, Jim Broadbent and Rebecca Hall. Why does Britain produce such great actors? Anyway, there's a bit in there that always makes me cry. I might watch it again on the weekend.
Jim Royle - 'Roger?- my arse!' Whatever turns you on, I suppose. That's a great series.
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Hello Mr T
I did read your reply to my post last night, but noticed our two posts, and SteveJones99's post of Rees Mogg, had been removed this morning when I briefly read the board.
How completely stupid of me to believe my post could not offend someone. I didn't think what I had written was out of keeping for a Sunday - the day I thought we could break the rules a little. Everyone else seemed to be commenting about their holidays and we know what a lot of board members' jobs were in their working lives - and that Steve's Ferrari costs £3500 to maintain.
I am prepared to believe my post was removed for my own safety, yours too Mr T. Like everyone else, I too have been in virtual solitary confinement over this wretched virus business. I do chat to people and find them interesting. How evil of me. But we live in a puritan age of suspicion and finger wagging and I can't wait for it to be over.
So my posts will not be so 'chatty' in future but I hope we can all share the odd book or film recommendation.
Please Mr T and Steve, don't make a fuss about this. End this issue here and now and make no reply. The same goes for everyone else. Just take care.
I, too, like reading all your posts.
Regards
A deeply saddened
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Hi Lynny,
The empire to which I referred was the American Empire.
I think the British Empire ended some time ago.
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Hi Lynn
https://www.armstrongeconomics.com/international-news/russia/russian-troops-moving-to-ukrainian-border/
I won't say how I voted in the EU referendum - who cares anyway?
I read this alarming feature about the Nordstream 2 pipeline this week. I think if Germany wishes to import hydrocarbons from Russia, it should be allowed to do so without interference from failing empires. I'm sure the Germans are up to the challenge and won't be bullied.
Aoife
Hi Mr T
I think the video shows what Marmot74 was saying during the week. I must apologize to Marmot74. He/she wrote two back to back blinders and I wanted to try and give my thoughts on some analysis on gold and silver in particular. What I actually wrote seemed more like a party political broadcast on behalf of the nothing party. Margaret Thatcher also did some very good things in office - no one's perfect. I was badly distracted yesterday. I must try harder in future.
I noticed today that the gold dealer I have used in the past cannot supply Edward VII, George V and Victoria Young Head sovereigns any more. As it happens, I am thinking of buying physical silver instead since I don't have any; I have to pay VAT but Britannias (coins) will be CGT free. I do think silver may fall a bit more, though, despite Mermot74's view. Platinum is also a goer except in Britain you can only buy bars which incur both VAT and CGT. The reason for my holding the metals is that I can see the possibility of money having a link to some commodities in the future. Not a fix but a specified proportion, perhaps. It's a very long way off, though, but it's best to build early.
By the way, Mr T, the boxset of Black Books is on order. I can't wait now.
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On the topic of house prices, it should be noted that New Zealand, that hotbed of economic experimentation, uses a screwd combination of monetary and fiscal policy to ensure house prices do not fall below a certain level. It seems as if Blond boy and others are copying Jacinda.
Mr T & Spindler
My car will be 16 years old in October this year. It's a VW Golf mk5 (Wolfie). Last week It had its service (long-life service once every 2 years) and new front brake pads and discs and a new rear spring. It's been such a good car. The VW dealer is always trying to get me to part with it but I've read new cars don't last long. Also, I'm not sure if battery or hydrogen power is the future. I'm not selling anyway - I'd get nothing for it.
I always keep cars a long time. Before Wolfie, I had K9 (a Ford Escort) that I kept for 11 years until travelling home from work one night when some t@a> in a white van pulled out from a side road and wrote it off (and nearly killed me). That's when I bought the Golf. Before that, two Metros which were great mechanically but rusted like hell.
Come to think of it, I've had a couple of brushes with death. The only time I've been to a football match, a flying bottle hit the back of my head and knocked me out. Luckily, it wasn't the hard bottle ends and it was empty. Still, never again.
A
People who run governments think we are the problem, but are so arrogant they cannot see it is they. They are now taking advice from those who have too much money and so much time on their hands that they are dreaming up all kinds of weird and wonderful ways to solve our complaints. That has led us, in time-honoured fashion, to where we stand today. The country is a mess and no one knows what to do. To have a government that is like a referee, making good and fair decisions between economic and social actors without recourse to favour and fashion is just totally outside their comprehension.
Western governments are on the path to collapse and will cause mayhem along the way. However, die they will. For those of us who remain to enjoy tomorrow what we had yesterday, we might reflect on the words written by the German playwright Bertolt Brecht when he heard of Hitler’s demise:
Don’t rejoice in his defeat, you men
For though the world stood up and stopped the b*@t+>d
The b@*ch that bore him
Is in heat...
again.
Marmot74
I think your second post made the point so plainly that we must beware that there is a ‘fantasy’ world and a ‘real’ world, and anyone trying to make sense of what is happening around us must first try to distinguish the one from the other.
Sadly, the fantasy world is one born of politicians and bankers and their kind that affects us all to the point where the vast majority of us believe it to be the truth. For example, it’s the kind of world where Cameron, May and Johnson could declare that Britain’s unemployment rate was the lowest since the 1960s. The reality was that any British worker who had just one hour of paid work in a week was (and still is) deemed to be employed. And the world where the median hours worked per week is 16 hours. This ensures the worker can receive the maximum income before a reduction in benefit entitlements takes effect. The government’s benefit bill is the big give away here – I don’t know what it is now but it was just under £100billion before the pandemic. It really began to boom during Brown’s government, but Thatcher was the initiator of family income supplement and massaging the unemployment figures in a big way (eg.YTS scheme). Comparing unemployment figures from one era to the next is now meaningless and all governments are culpable. It’s the irony of ironies that one of Thatcher’s main aims was to ‘roll back the frontiers of the state’, but she left office with more people relying on the ‘state’ for their income than before she started. Successive governments have taken the easy option and allowed it to balloon to the point that the country cannot support that kind of largesse and only the printing press keeps us from collapse – until it doesn’t.
Paper gold is just another way of keeping us ‘in’ the financial system and so the government supports it. People are converting their money into assets – physical, bitcoin, you name it – to get out of the government’s way. The government wants to control all of finance to ensure all taxes are paid (except for themselves) and stop laundering etc; they want a digital currency, a register of your assets, no banking system (government will decide how much money the economy needs) etc. When interest rates increase and all those mortgage holders can’t pay up, in will step the government and take your house off your hands. They’ll still let you live there but they will at least part own it. Your kiddies will have problems with inheritance.
CONT-
Marmot74
It's dinner cooking time for me at the moment but thanks for that reply of the decade. I'll get back to you tomorrow.
Regards
A
Thanks, Marmot74, for such a wonderfully clear post.
Gold has had its worst 1st yearly quarter in 39 years in $US terms. I've counted 7 swings on the one-year chart from the August 2020 high to the first low this year. I can't see it making 11 swings - that would make the pullback way too long in terms of time.
Silver is in its sixth swing - so maybe another swing lower for the bottom?
Anyway, for Centamin things look bright. A short while ago, I posted that I thought gold was giving me another chance to get in at the bottom. If only some people would take their own advice, eh? At least I made a small addition to Centamin and will add some more on weakness.
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It's good to see you here, Auson. Are my RKHs at £7.50 yet?
April is traditionally a good month for gold, May not so, and June is when the lazy rich stock up before their round-the-world cruises. Centamin seems to have been consolidating for a long time and I nabbed a few more on the (very) cheap. A nice dividend with a new team that plays gold mining, not mind gaming; just patience required - there's always a fly in the O.
Regards
A
Thanks Goldgnome and Mr T for the links. I hadn't seen many of those programmes so will try to explore them further.
'The Germans' is such a great episode; I believe the BBC have said they won't show it anymore, not because of mocking the Germans - who can take it anyway - but because it has a black doctor in it. I also love the one with O'Reilly the builder whom Cybil beats up.
As for Spike, well he's the cleverest of the lot. He did a show 'An audience with Spike Milligan' many years ago which gets repeated now and again. He does all the forms of comedy and some very poignant stories as well. He also shares my love of Mini's (the cars not the skirts - a bit before my time) and had owned a fair few during his lifetime. Cilla Black was also a fan of Mini's. They are a hell of a price now. I think Centamin will need to double from here before I can get one. A 1275GT would be nice.
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I see his former side-kick is getting spliced. It's good to see her a step or two behind him - best she knows her place right from the off.
https://www.telegraph.co.uk/news/2021/04/07/george-osborne-marry-former-adviser/
Well, I've got my evening's viewing sorted out - I'll take a look later.
Detectorists - the best thing on TV in the last decade. I never thought a Brit still had it in him, but we always surprise. Toby Jones is phenomenal in that - the scene where he talks in the mirror about his TR7. And that iconic poster of the woman tennis player on his kitchen wall - 'She's got no knickers on, dad!' 'Oh, hasn't she?' And Diana Rigg - the most beautiful woman ever - that's probably the only thing I agree with Teresa May about.
We could all do with some more magic like that comedy. Someone gave me a boxset of the DVDs a few years ago as a present. One of the best presents I've ever had.
Centamin is trying to break free - do you see what I did there?
Spindler
Oh, Cameron's last report would just say: Beware - waffle!
Goldgnome
They are doing a re-run of Fawlty Towers on the BBC at the moment. Most of Britain has totally lost it's sense of humour so we've got to resurrect some classics from the past. I love the one with the Australian tourist that Basil fondles inadvertantly while turning on the light switch. Any old excuse!
Peter Cook was the man for ridiculing the establishment. A true genius when he behaved with a little decorum but was mostly a bit too rude for my liking. Still, on our side though, I believe, which makes him OK.