Member Info for RedSparrow7

Cowichan
I certainly do support your Twitter post. However, I don't have a Twitter account, neither Facebook nor any other social media accounts. I think you would agree that that is a wise move since I am bound to end up serving a few years in Chokey if I were let loose on Twitter.

Official inflation figures are meaningless. Something else that is meaningless is that the City goes along with all the talk that the rising inflation we see at the moment is just transitory. Well, it depends on what your idea of transitory is. Yes, a huge deflationary bust in about a decade's time I'd go along with. For now, inflation is the preferred 'tax' the West is trying to use to 'pay' off its debts. It's what the rich prefer - they can shield against it. What the rich never want is an outright default. They will lose the lot. See how they whine to Argentina. It's better to let the poor pay for all the debt instead - they're used to a bit of hardship and it's what they're there for.
Hold physical gold.

I wonder if the Chinese will find any gold deposits on Mars?
Despite the gold price stalling around the $1900 mark, there is plenty of anecdotal evidence that gold is getting more difficult to obtain - especially in gold sovereign form. I now cannot buy pre-decimal sovereigns, some Victorian, Edward VII & George V.
I last purchased sovereigns in 2015. Can it be much longer before Centamin takes off? It's getting closer.
https://www.bairdmint.com/live-metals-pricing

Our news in dominated by the Climate Change lobby, Black Lives Matter, Me Too and so much more. Most of these people would be horrified to think they are following the mindset of the Calvinistic Puritans of the seventeenth century - except insert the latter day cause for that particular branch of Christianity. I'm not criticizing their views, just making an observation.
Just as in the case of the English Civil War (the 17th Century one!), where the vast majority of people took no side in the struggle between the Monarchy and Parliament, most people today just read and listen to what's said on these issues and get on with their lives. I'm sure politicians find these topics a great distraction to cover up their real agenda.
What we forget about are the really postive things going on to make human life on the planet safer, longer and more sustainable. Isn't it great that someone like Olga, in Goldgnome's link, can emigrate from Russia to the USA, and be passionate about the potential benefits of Smart Contracts, and explain them to the audience in perfect English? Likewise, the research being carried out on genome sequencing and DNA profiling should allow us to predict an individual's health profile from the early years, and help prevent diseases and ailments from the ageing process.
So, just two of the many great things going on to chalk up on the plus side. It's very easy to get bogged down in other people's crap.
I'm sure that someone, at some time, has asked you the question: 'If you had a choice of going back in time and living a day in that era, what would you choose?' My answer has always been - Today! As a wise man once said about wanting to live in 'olden times' - just think about going to the dentist.
Oh so sorry for the off topic; just a bit of weekend nonsense.

The Milgram experiment about human behaviour has always fascinated me. The link below explains it, but it is well known anyway. The Germans had to try to find out who the agitators were in their prison camps - about 3% of the men were trouble makers - and separate them from the sheep.
I reckon the percentage of 'strops' on this board is a far sight higher than 3%. In fact, I'd stick the lot of you in Colditz.
(Maybe not).
Have a great weekend.
https://www.thoughtco.com/milgram-experiment-4176401

Including me!
'There are' a lot of them around!

I see what you mean, Mr Tibbles. Well, Andrew Bailey seems to be another head - with not much in it. There's a lot of them around.

I think I saw episode 39 last week, Mr Tibbles. I don't think episode 40 is available yet.

Yesterday, when the gold price was rising, Centamin fell. Today, as the gold price has fallen, Centamin has risen.
Does this mean that if the gold price gets to $2500, the Centamin price will be 50p? That's the logic, isn't it?
It's as well for this fella that I've got a GSOH!
https://www.youtube.com/watch?v=40ePp3k60JM

Auson
Any thoughts of retiring to Sandgate on the Queensland coast will need to be shelved. They probably wouldn't even let me in in any case. It's a pity; it really is a beautiful coast.

It will be interesting to see what happens when the music stops. Our job is to minimize the hit we take when we can no longer see the politicians backsides for dust. Keeping my money outside the financial system and growing as much of my own food is a good start.
There was a superb programme on TV a while ago about bread in the UK. Some of the things unscrupulous bakers added to the ingredients was wicked and poisoned people.
I still see gold going for $1950 soon. I think Tony nailed it for the moment and the buy for Centamin was the 109s. Now there's a gap from this morning. If it gets filled, I'll buy. Then reassess if $1950s is reached, and see if there is a bigger pullback or we're going for all time highs. I'm cautious that the 107.4p hasn't been filled. It may not.
I've no idea why I'm concerned about all this; confidence in western governments is ebbing fast and the Centamin share price should be much higher in the future.

I must say the gold price reaction to real interest rates, after that set of inflation figures, is truly woeful. Yamana Gold up 1.5C and MVIS (tech stock) up $2.8 (nearly 10%). Give it time, I suppose, but I had thought of adding to my Centamin but have held off for now.
A small slice of Battenburg I think.

Politicians and nappies have one thing in common.
They should both be changed regularly,
And for the same reason.

Yes, Mr B, it's amazing how the markets hang on the tiniest pieces of data, even though participants know the quality of that data is suspect. Madness? An economic forecast can only be as good as the data that was used to build the model.
Will Centamin go up, or down, or round and round? I don't know. I've got to the point where I'd buy at the price which I think is fair.

It's mightily quiet on this board tonight, and the football hasn't even started yet - or has it?
Anyway, I am quite an optimistic thing on the whole, despite having to recite the following poem to my class in my formative years - at least Britain is a better place for most people today than for many during the time of Charles Kingsley.
The Three Fishers:
Three fishers went sailing out into the West,
Out into the West as the sun went down;
Each thought on the woman who lov’d him the best;
And the children stood watching them out of the town;
For men must work, and women must weep,
And there's little to earn, and many to keep,
Though the harbour bar be moaning.

Three wives sat up in the light-house tower,
And they trimm’d the lamps as the sun went down;
They look’d at the squall, and they look’d at the shower,
And the night wrack came rolling up ragged and brown!
But men must work, and women must weep,
Though storms be sudden, and waters deep,
And the harbour bar be moaning.

Three corpses lay out on the shining sands
In the morning gleam as the tide went down,
And the women are weeping and wringing their hands
For those who will never come back to the town;
For men must work, and women must weep,
And the sooner it's over, the sooner to sleep—
And good-by to the bar and its moaning.

The US is having another REPO crisis - like the one in the summer of 2019. I can't find any reports in the MSM at the moment - what a surprise. It looks like the FED is intervening heavily to make the bond yields fall. Inflation report tomorrow in US - really nice accurate figures, I'll bet. No one knows where (or when) it will all end. At least holding some gold coins or bars will mean I'll have something left after it all.
I used to be such an optimistic person.

Not off topic. The Donald has spoken about Bitcoin, the US Dollar and gold. Even Mr Tibbles may agree slightly with Trump on Bitcoin.
I love the last photo in this link - the blue box with the 1kg gold bars!
https://www.bbc.co.uk/news/business-57392734

Thank you all for your responses on this. It just shows a nice polite question gets a nice polite answer!
I asked because most other miners I've owned/ currently own, produce a lot of silver even though they are thought of as gold miners. It's a nice way to get exposure to silver, which, as I wrote earlier, I believe will become quite expensive in the future. American's like silver - it has always been viewed as the disruptive money in the US. Since last August, the silver price has been forming a long basing pattern; there is an adage which says: the longer the base the higher the space (or something like that). Maybe Centamin will get lucky with some silver finds in the future.
I don't think it will be too long now before I add. I've worked out how much dividend I'm due (a very dangerous thing to do) and my previous 'winnings'.
There are gaps high and low,
will they get filled?
I don't know.
(Well, it is poetry Monday after all).

When I've looked at the production figures for Centamin in the past, I've noticed that no silver is ever mined. I wondered if that is because there simply isn't any silver at Sukari or the amounts there are negligible and uneconomic to extract?
I think the price of silver will be very high in the next few years and speculated whether the 'uneconomic' deposits - if there are any - would become valuable. I'm assuming the extraction process is similar to gold. Perhaps any future mines in Egypt or elsewhere may be silver rich?
What makes you think I don't know the first thing about mining?

A very deep and meaningful post - a thought for a lifetime not just a day.
Certainly religion and race have always been a focal point for many conflicts since time began. However, those with no beliefs and who live only for self gratification and the day are equally dangerous. Anyone with a military background or has done medical work in the field at particular times will know that.
Yes, the UK, particularly where I live, is a great place. Long may it be so.