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Who reads the FT …tramps if they find it lieing around on the floor ????…
It would have gone bust years ago if the Japanese hadn’t bought it, as a trophy, plus its building was in a v good City spot, worth a fortune the land alone.
Now as so often with the Japs they are too proud to sell it off, as it would be worth damn all.
I guess that’s SOP for the cretins. Must have scared them seeing gold run up so fast and threatening their monopoly money project.
I don’t trust BTC one bit and the idea of an electronic currency being established is a nightmare for freedom loving people. It comes under the heading of “now you see it now you don’t.” Yeah I’m sure the crooks love it!
Out for a bit got to go mow the lawn before it gets hot.
I see the FT did a hatchet job on Gold, reminding everyone it is a pet rock that pays no interest etc..and saying it will soon ga back down after this spike.
What I see as very disturbing, is the way Bitcoin has suddenly woken up, that move stinks of it being a scum product to take money away from PM’s…why else is it still around, when most of the participants are outright crooks.
There’s a lot of profits which can be taken and many people probably think that the gold price is a spike … but if gold and silver can hang around this area for a week or two then the share prices will go higher to reflect the new range.
I think we’re a long ways from any kind of gold backed debt issued by the US but it’s refreshing to see someone who believes in gold nominated to the Fed committee.
As you say … a lot can be done at a higher gold price.
For that to work the incentive to take the cash instead of GOLD the price will need to be much higher ! The Treasury should not risk its GOLD being takin’ Thats why NIXON closed the GOLD WINDOW ! The Price wasent high enough !
Her idea will help prevent a Bond Market collapse and eliminate the need for higher interest rates …The Fluctuation its ALL in the PRICE of the BOND ,not the rate of interest .Very similar to a ZERO COUPON BOND ..everything is in the price at ZERO interest…The Bond Price will FLOAT ,the interest rate will stay fixed at zero…..the price will reflect inflation ….I traded ZERO COUPON BONDS when rates were high in 1970’s and falling ,VOLKER reversed everything.I bought Zero coupon Bonds at severe discount example ! $ 120 for a Bond that matured in 20 years at full price $1000.00 ..What happened was rates came down from 21% down to 6 % the BOND skyrocketed. I got 1300 for a Bond I bought at 130.00… That process can be reversed ! JUDY SHELTON learned that from VOLKER !!!!
ALL US DEBT can be converted to a ZERO COUPON BOND guaranteed by a GOLD option if the Price is allowed to float then the GOLD will stay PUT in the Treasurys hands where it ought to be..The cost to Treasury on its debt will be ZERO ….The Treasury has found a way to protect itself ,the PUBLIC needs to own GOLD to do likewise since they dont issue debt BONDS ..The PUBLIC NEEDS to own GOLD ..!!(as long as the convertibility remains intact….)..
JUDY SHELTON said the Bond buyer will get back the “FACE” value of the BOND,so investers should not buy the BOND since the price go higher than the FACE value as I did in the example ,they should buy GOLD as long as convertibility feature remains intact.I hope my ZERO BOND experience explains why you need to own GOLD…..
Duterte’s threat to “close all” of the Philippines’ telecommunication companies comes just two weeks after he forced the shutdown of the country’s largest TV network, ABS-CBN, following years of repeated warnings that he would block its pending license renewal. Observers say Duterte pressured his numerous allies in the Philippine House of Representatives to successfully vote against ABS-CBN’s 25-year license renewal on July 10. Prior to the vote, the Philippines’ National Telecommunications Commission ordered the network off the air on May 5 after its license expired.
Eric Sprott to invest $9 million at $3.00 Per Share in Teuton Resources
I think equisetum remarked on this the other day. Juniors are sucking up all kinds of cash and Sprott is involved with most of them. Going to be LOTS of drilling going on!
Canadian miner Alamos Gold (TSX: AGI) has decided to go ahead with plans to build La Yaqui Grande gold mine in Mexico, following results from a positive internal economic study.
The announcement comes on the heels of the company’s recent decision to begin phase three expansion at the Island Gold mine in Ontario, Canada, which is expected to boost Alamos’ output by 72%.
Initial production at La Yaqui Grande, located only 7km from the miner’s existing Mulatos operation, is slated for the second half of 2022.
Collins College’s administrators are expecting new professor Dr. Mathilda West, who holds 13 degrees and speaks 18 languages. What they aren’t expecting is the buxom blonde beauty who gets off the train.
Dr. West has an effect on everybody, from public relations director George Barton, who is the boyfriend of jealous dean Myrtle Carter, to football star Woo Woo Grabowski, who gets very nervous around beautiful women, including student Jody, who loves him.
A campus computer, affectionately known as Thinko, has a knack for knowing the future, including winning lottery numbers and race horses. A hoodlum, Legs Rafertino, comes looking for Thinko, thinking he’s a bookie, while foreign exchange student Suzanne tries to interview Legs for her thesis.
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