Member Info for nomlungu

Keeps going up

https://www.gold.co.uk/gold-price/today/ounces/USD/

Dr. Jane Goodall filmed an interview in March 2025 with the understanding it would only be released after her death. This is her final message from it.

https://x.com/timecaptales/status/1974847578165653637

👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏👏

FT: ‘Gold-plated Fomo’ powers bullion’s record-breaking rally

https://www.ft.com/content/54dc2b76-8c24-4dd7-a01a-7d1f38b5ea6d

'Instead of the traditional 60/40 asset allocation to equities and bonds, Morgan Stanley has suggested a 60/20/20 split, where gold has an equal weight with fixed income.'

If anywhere close to that much extra $ tried to chase Gold $5000 would start to sound cheap.

Not corrupted... burnt to a crisp and there is no backup. South Korea:

A fire at the National Information Resources Service (NIRS)'s Daejeon headquarters destroyed the government’s G-Drive cloud storage system, erasing work files saved individually by some 750,000 civil servants, the Ministry of the Interior and Safety said Wednesday.

The fire broke out in the server room on the fifth floor of the center, damaging 96 information systems designated as critical to central government operations, including the G-Drive platform. The G-Drive has been in use since 2018, requiring government officials to store all work documents in the cloud instead of on personal computers. It provided around 30 gigabytes of storage per person.

https://koreajoongangdaily.joins.com/news/2025-10-01/national/socialAffairs/NIRS-fire-destroys-governments-cloud-storage-system-no-backups-available/2412936

Happened last week - surprised I only saw the story today.

Video about NSPM-7 [National Security Presidential Memorandum 7] which makes being 'unamerican' illegal

https://www.youtube.com/watch?v=BadjJerYTpU

"Common threads animating this violent conduct include anti-Americanism, anti-capitalism, and anti-Christianity; support for the overthrow of the United States Government; extremism on migration, race, and gender; and hostility towards those who hold traditional American views on family, religion, and morality"

https://www.whitehouse.gov/presidential-actions/2025/09/countering-domestic-terrorism-and-organized-political-violence/

A very wide definition...

Trump's Peace Plan for the Middle East | Spitting Image: The Rest Is Bulls*!t

https://www.youtube.com/watch?v=J1hh6VYNgZA

The Rage Economy Is Destroying Us ft. Scott Galloway | Shane Smith Has Questions

https://www.youtube.com/watch?v=DOXeeBbORm0

Long chat between the 2; Shane Smith is the guy who started Vice News. Good listen...

Bloomberg getting in on the story: Why Fears of a Trillion-Dollar AI Bubble Are Growing

https://www.bloomberg.com/news/articles/2025-10-04/why-ai-bubble-concerns-loom-as-openai-microsoft-meta-ramp-up-spending

Inspired by Thatcher, Japan's PM-in-waiting Takaichi smashes glass ceiling

https://www.reuters.com/world/asia-pacific/inspired-by-thatcher-japans-pm-in-waiting-takaichi-smashes-glass-ceiling-2025-10-04/

"A drummer and a fan of heavy metal, Takaichi is no stranger to creating noise herself.

She is a regular visitor to the Yasukuni shrine, which honours Japan's war dead - including some executed war criminals - and is viewed by some Asian neighbours as a symbol of its past militarism.

Takaichi favours revising Japan's pacifist postwar constitution to recognise the role of its expanding military. She suggested this year that Japan could form a "quasi-security alliance" with Taiwan, the democratically governed island claimed by China.

'ABENOMICS' ADVOCATE MAY CAUSE SHOCKWAVES

Although Takaichi has pledged to increase the number of female cabinet ministers, an area where Japan has lagged its G7 peers, polls show her conservative positions chime more with men than women.

She opposes same-sex marriage and allowing married couples to have separate surnames, an issue that has broad public support in Japan but faces staunch opposition within conservative circles.

But it is her economic policies that might create the biggest shockwaves.

A protege of the late Shinzo Abe and long-time advocate of the former prime minister's "Abenomics" stimulus policies, Takaichi has called for higher spending and tax cuts to cushion rising cost of living and has criticised the Bank of Japan's decision to raise interest rates."

Such is life...

More bubbles: Circular Financing: Does Nvidia's $110B Bet Echo the Telecom Bubble?

https://tomtunguz.com/nvidia_nortel_vendor_financing_comparison/

This is the first time I have read about the industry extending depreciation time on GPUs from 3 years to 6 years over the last few years... they are juicing their accounts. Eye opening:

"CPUs historically have 5-10 years of useful life , while GPUs in AI datacenters last 1-3 years in practice , despite 6-year accounting assumptions.30,31 Evidence from Google architects shows GPUs at 60-70% utilization survive 1-2 years , with 3 years maximum.31 Meta’s Llama 3 training experienced 9% annual GPU failure rates , suggesting 27% failure over 3 years.31

Cerno Capital raises the question : “Are these policies a reflection of genuine economic & technological realities? Or are these policies a lever by which hyperscalers are enhancing the optics of their investment programs amid rising investor concerns?”32"

Evi,

The Investor's Chronicle is not on Press Reader or Readly?

Jeff Bezos says AI is in an industrial bubble but society will get ‘gigantic’ benefits from the tech

https://www.cnbc.com/2025/10/03/jeff-bezos-ai-in-an-industrial-bubble-but-society-to-benefit.html

I cannot bypass the paywall there anymore

☹️

Struggling to heat your home? How about 500 Raspberry Pi units?

https://www.theregister.com/2025/10/03/thermify_heathub_raspberry_pi/

Get a server farm to heat your home / water... Not sure how pleasant it would be in sunner?

Https://www.theregister.com/2025/10/02/microsoft_maia_dc/

Losing Microsoft as a customer would make Nvidia's overpriced p/e valuation look even worse

Microsoft CTO says he wants to swap most AMD and Nvidia GPUs for homemade chips

Anduril and Palantir battlefield communication system has deep flaws, Army memo says

https://www.cnbc.com/2025/10/03/anduril-palantir-ngc2-deep-flaws-army.html

Palantir suffering reputational damage can only be good for ALRT

Jan 2014: Net assets of £1,055 million, or 7.75p per share (unaudited)

BoE inflation calculator: £1 in 2014 = £1.40 in 2025 = 40% increase

NAVPS3 (FD) was 33.5p on 31 March 2025 = 332% increase

NOTE the NAV is 'FD' ie fully diluted; Fully diluted NAV per share = (Total net assets) ÷ (number of shares that would exist if all options, warrants, or convertible securities were exercised). So that includes all warrants and options currently issued.

Gaza, Ukraine, and the End of American Reliability — with Ian Bremmer | Prof G Conversations

https://www.youtube.com/watch?v=Wb8gssHvQXU

Good listen