Friday Yesterday, some friends asked me what I thought was going to happen with Gold. It brought forth the usual answer: “Nothing, Gold will do exactly what it has done for thousands of years – remain stable”, or words to that effect. A reminder of my graph from a post last year on the price/value of Gold. It remains … [Read more...]
Cultures are Important
Tuesday Cultures are important. They went a bit out of focus after WW2, being replaced by ideologies. But they never went away. It was during WW1 that the communists noticed that troops were more inclined to die for their country (merely the physical location of their culture) than their ideology. In the 1930s, and based upon this realisation, National Socialism … [Read more...]
A Yield on Gold, Paid in Gold
Friday Families, who are estimated to hold about 80{781366457d9c05ca9285c5eb3e04ac75968647e24436986cab65f74e6f4b3aad} of the accumulated Gold in India, have been offered a scheme by the Modi government that seeks to put that their Gold to use – government use. On offer is 2.5{781366457d9c05ca9285c5eb3e04ac75968647e24436986cab65f74e6f4b3aad} interest; not bad for Gold. … [Read more...]
Cowboy in India
Monday I’ve received a couple comments (one from the US and one from Italy) re the rise in the price of Gold in India, due to the overnight ban on the common denomination Rupee notes. Some points to understand… 1 It is not, as claimed, an attempt to stop corruption; stop corruption in India and the whole country will grind to a halt. Only a small percentage of … [Read more...]
The Smell of Rot
Saturday The smell of rot is in the air. European bank problems have become so bad that the media are actually covering it. There is usually a law of inverse proportion between the direness of the situation and the triviality of the media news. Maybe that is justified by the reality that the closer that the world approaches Armageddon, the more weirdly trivial the … [Read more...]