RE: Good spot MM - Re. Hoc ex divi and up 3.50% in addition.10 May 2021 09:45
I haven't jumped back on board here but if Silver went (and it's an if) to 40$ US like some seasoned pundits are predicting...Hoc are ging to look freaking daft and the bloke who sold those hedges is going to look like a star !
Went last year really impressed they included covid cover as my Well known insurance company annual policy purchased in Jan wrote to me extricting themselves of liability on covid....sheets or what ? hence when they were desperate for a renewal they got cancelled.
They are doing covid tests day in andday out in schools..Tui need to get their act together so it makes it easier to book and they will take care of the tests...not try and turn it into a revenue stream ..because a lot of people will just say stuff it and not travel at all this year.....i don;t have much faith in Joussen of late
Musk has just come out and said crypto is for speculation not for putting your savings on the line.
DogeCoin was a joke by the creator of it, to show what crypto really is i.e. Dog Sheet....the joke so far as been on him because he doesnt have any and its gone ballistic....history will laugh at this...but to be fair some canny oes who take profits and diversify will make hay
The trouble is most people don;t have 400k or anywhere near but the bans in cahoots with the govt will lend you frreshly created money to mire you in debt servititude. The only way out is bankruptcy if the house of cards falls apart. you are now a debt slave. In the Uk the mortgages are full recourse which means you are well on the hook for any shortfall should the property have to be sold by the lender in cae of default. Many US states have non recourse which means you hand back the keys scot free and barely a scratch on your credit rating. And please don;t tell me "there are not enough houses" it's a myth and even if true its because of house hoarding by landlords. Available credit determines prices not demand. 1930's America had stonking demand but nobody had the moeny or the credit.
Voila Roosevelt and his 25 year mortgage which has been taken to new extremes here and in Japan 35 year, lifetime mortgages. It's a govt sponsored debt trap ponzi scheme. Better off investing and making money and buying outright which i thnk the millenials via WSB and Reddit are just beginning to cotton on to. Hey although i don;t believe in btc many have made life changing fortunes and certainly won;t need a mortgage. In fact fr them investing is the game property is well just somewhere to live....which is what it should be....
Talking of inflation a guest sometime back said (and i dont know ifthis is correct) if there is a reset and big inflation dont think they will let you pay off your mortgage with inflated fiat they will want their pound of flesh. They recall this happened for the boomers back in the 60's and 70's and they won;t want it happening again...i'm really not sure about this but interesting times.....heck a modest investment in Cey could buy you a house in the future if gold went to 5 k 10k.... i do think at some point they will try and steal it from holers like roosevelt did though
Inflation has been here for ages cars, houses, food but the BS numbers they use are well just BS. Now we are going to get big big inflation that cannot be obfuscated. When salaries start to rise the cats out of the bag.
Always made me laugh house price growth being included in GDP... So take a cottage built 150 years ago that is the same as it was when it was built....price goes up 20 / 30/40 percent and times that by millions of cottages and het GDP growth...it was freaking built 150 years ago no value has been created ! Not that Joe Public could understand something so simple...hey look Ant and Dec are on ...put the kettle on
I went with Tui last year end of Sept..to Greece.no vax requirement...hardly any fuss, tui had a covid cover included which i though was smart as all the insurers including my annual policy had rewritten their small print...They didnt get the renewal the jerks. Had a great time and so glad i took the opportunity when it was there....there were families with children...ok half down on usual numbers but not insignificant......apparently now it's too dangerous and not allowed go figure ? The greeks looked like they were handling it well (Rhodes) and not going full on national socialist. Tui themselves i thought handled it well including on the aircraft
You know something else has been bugging me about the SD and Consolidation and I just can't square somehow. Gorgous Dave must have had a hand in this and it just doesn't fit with his MO if he had been staying on !
So now i am thinking Alex Ferguson and Manchester United ...secretly you don;t want success for your successor as it tarnishes your brand ? So did Dave P in the Pool ?
"Still interesting there may be people on here who were considering BA stock and it also shows that things are still quite a way from returning to what was normal pre pandemic."
I've been keeping tabs on TUI who i love as a company....but bailout from german govt,,rights issue...debt up to the eyeballs and the mania is incredible...it's one of those you look at the fundamentals and think there is no equity. Yet they all squeal with delight at the bookings or potential easing of restrictions. You could open up tomorrow and those liabilties aint going away anytime soon. Some posters wax lyrical about debt forgiveness from german govt....it's like a dope den on their BB. I wish and hope TUI survive but they can do this at the same time as shareholders lose their shirt....and there is talk of 500p 600p ...to the moon gromit !
It's like they talk about rates like pilots talk about aborting takeoff before V1 takeoff velocity, but the point where these charlatans have taken us they cannot abort(lower rates) such is the point we're at because of their past actions. The Yellen creature with her talk of rate rises seemed to forget she's not Fed chairman any longer, you do that in a regular company and you will get chewed out if you're lucky and possibly fired for stepping beyond your role mandate. Powell looks like a right lame ass i bet he didn't even call her out
Interest rates are not going anywhere i wish they were just to scare the bejesus out of all those mugs who have dived in of late to the UK housing ponzi scheme but i reckon rates will more likely fall than rise. These bluffers are out of runway they can;t raise rates
RE: Live Silver up between 3-4% & USD falling!06 May 2021 09:09
So looking at this to see if it's worth piling in again...factors against politics and the hedge....that would almost be enough for me to steer clear and say Fres is a better bet. One factor is when there is a scramble for silver miners..i am sure many newbies won't be aware of the hedge or the politics so could get a short term rally. Doesn;t bode so good for the long term though does it ? The hedge is on silver though not gold am i correct ? So a gold rally would help Hoc ....the politics cloud doesnt make me feel cozy !