PARITY? - I hope you are wrong, would take me more than three years just to mentally adjust to that revelation.
I don't even know what this means.
Commodities (i.e. the stuff we can't exist without), are priced (for now) in $US.
If the $US is falling in value, other countries completing commodity transactions in gold backed securities, and we have the £GB @ parity with the $US..........????
That doesn't look or sound good....
I also hear you on gold / base metals, owning them & the producers, I've only recently begun to listen & take note - lots to learn.
Never been interested in gold - but the situation is changing rapidly. Hence I've landed on a comedian's blog for investment tips and the like.
In the past, the only "precious" metal producers I was interested in, were palladium miners North American Palladium & Stillwater Mining - both pure plays (or as near as you will get) on the metal which is used as a substitute for platinum in North American catalytic converters. I only got interested when the price collapsed during the 2008/09 recession + GM decided to fire sale their inventory - which pushed the price further into the ground.
(A bit like a chancellor who decides to debase the currency / flog the underlying asset at a market low & announce when the sale will occur - just to ensure the lowest possible price is obtained. Was that an inside job? Seriously, when you write it out like that - you have to wonder - did someone have an audit or delivery request?)
These companies no longer exist as independent entities now.
Do you think Impala or Sibanye-Stillwater are worthy of further investigation / consideration, in regard to precious metals in general?
As for crypto, I still don't really understand what it is, the risks (particularly of being cancelled / banned by govts - despite being decentralised), etc etc I think Canada (and their tyrannical leadership) threw up some doubt about the effectiveness / ability to evade govt interference through crypto use. The main takeaway from Canada, WAS however people power - the govt very nearly crashed the banking system & probably trashed its international reputation for decades - but the media managed to brush that one under the carpet - oh look - there's a war over there!
PARITY? - I hope you are wrong, would take me more than three years just to mentally adjust to that revelation.
I don't even know what this means.
Commodities (i.e. the stuff we can't exist without), are priced (for now) in $US.
If the $US is falling in value, other countries completing commodity transactions in gold backed securities, and we have the £GB @ parity with the $US..........????
That doesn't look or sound good....
I also hear you on gold / base metals, owning them & the producers, I've only recently begun to listen & take note - lots to learn.
Never been interested in gold - but the situation is changing rapidly. Hence I've landed on a comedian's blog for investment tips and the like.
In the past, the only "precious" metal producers I was interested in, were palladium miners North American Palladium & Stillwater Mining - both pure plays (or as near as you will get) on the metal which is used as a substitute for platinum in North American catalytic converters. I only got interested when the price collapsed during the 2008/09 recession + GM decided to fire sale their inventory - which pushed the price further into the ground.
(A bit like a chancellor who decides to debase the currency / flog the underlying asset at a market low & announce when the sale will occur - just to ensure the lowest possible price is obtained. Was that an inside job? Seriously, when you write it out like that - you have to wonder - did someone have an audit or delivery request?)
These companies no longer exist as independent entities now.
Do you think Impala or Sibanye-Stillwater are worthy of further investigation / consideration, in regard to precious metals in general?
As for crypto, I still don't really understand what it is, the risks (particularly of being cancelled / banned by govts - despite being decentralised), etc etc I think Canada (and their tyrannical leadership) threw up some doubt about the effectiveness / ability to evade govt interference through crypto use. The main takeaway from Canada, WAS however people power - the govt very nearly crashed the banking system & probably trashed its international reputation for decades - but the media managed to brush that one under the carpet - oh look - there's a war over there!