Happypanda88

On the covid thread, I gathered that you admitted you were misled and deceived by the Covid narrative and measures taken. So what makes you so sure that you have not been misled or deceived about China. If the truth matters to you then I would seek it. Else do nothing and continue with your bullsh!t. Peace ✌️

That's a very simplistic view of the global market. If what you say is the case, then why can't the western companies buy up silver and mass produce EVs and solar products cheaply ? Are there any other factors that you have missed off which causes EV and solar manufacturers based in the West just can't not compete?

I check the gold price religiously everyday, even at weekends when markets have closed. 🙃 I've book-marked goldprice.org on my mobile devices and PCs ( home and work ) since Q1 2015. I remembered gold price dropped below £700 spot when working from home in my sister's house. Look where we are now ! 🤑

It's reported in FT and elsewhere that the EU is to confiscate Russia's asset to arm Ukraine. Should that be the case, Russia will retaliate by confiscating EU assets in Russia. Tit-for-Tat and no one can be trusted in the financial world. Hence, gold rallied ? EU agrees to arm Ukraine using profits from Russian state assets https://www.ft.com/content/10d3f259-44fe-4361-b322-2a485a0efe45

Silver up 16% in 12 months. Has it beaten inflation yet ? Edit: the price was around £15.80 in 10/09/2022 (the last post) so silver spot price up by about 44% since then.

The Con party and Labour are two cheeks of the same ar$e. Whoever wins, nothing changes 'cause the same ar$e is in control. You can change the Party but you cannot change its policies. The plebs won't benefit. They will be voters regret. The show repeats every 4 years. GOLD £1891 🤑

I would encourage you to spend 2 or 3 ounces of your yellow metal and travel around China to see things for yourself. lt'll enable you to view things from a different angle. Being on the ground to observe with your own eyes will likely even change your perception. I have travelled much in the last 6 months around China and SE Asia, namely Vietnam, Thailand, Singapore. My last trip was to Hohhot and surrounding areas in Inner Mongolia last month. There were four of us travelling independently. None of us have been. Before going there, my perception of the place was it is old, rustic, rural, dusty and far less developed then other parts of the country. But when we landed and saw the number of planes on the tarmac, a large modern airport and high rise buildings in the distance, it changed my mind and I was eager to explore. After 7 days, I got a good idea of the area. Taxi drivers are the best people to get information - whether it be the cost of living, price of houses, people's wages, places to visit etc. Everything was so affordable, from food, hotel, transport. Our hotels (international 3 star equivalent) ranged from 200-230RMB (approx. £23-26) per room. The journey (22km) by taxi from airport to hotel was 47RMB (£5.10). Local buses were 1 or 2 RMB (11p or 22p) depending on route. Petrol was 8.8RMB (97p) a litre, LPG about half the price. A very nice meal with lamb skewers, other meat dishes and veg for four of us rarely exceed 200RMB, so 50RMB per person. Cheap meals like a noodle or rice dish range from 12-17RMB. Most locals tend to eat out and restaurants are everywhere in the city. So with the relatively low cost of living, an unskilled manual worker earning around 4000 RMB (£440) per month aren't so poor because everything is so affordable. With this in mind, using GDP as measurement of a country's wealth is non-sense. What matters is the standard of living and the cost of living for the general public. If someone in the UK earn 5 times as much as an average chinese worker but his salary is eaten by the high cost of fuel, food, taxes, accommodation then what the **** does it mean ? Who is poorer ? Now a bit on gold. What surprised me the most was the number of gold jewellery stores in Hohhot. They sell a variety of .999 jewellery just like those stores found in the south of the country. I thought the people there would be less well-off. Later I found out that some people have land that sits on mineral and coal. So they are very well off. Which explains the number of high end German SUVs I saw on the road. China has a five thousand years continous history. A written history of 3,500 years. Gold plays a big part in weddings as gifts. To say that China has 1g of gold per capita is laughable and I don't know if I should take you seriouly. But I don't anyway. Especially when you made a remark that all religions are banned in China. As I say, I would encourage you to get off your comfortable armchair, stop being an armchair expert, spent a bit of money and travel around China if it certains you so much.

On the contrary, the dollar (USD) will be the prettiest out of all the ugly sisters. People will haul it when all the other ugly sisters are left unwanted. The dollar is still the global reserve currency and has been since the 1944 Bretton Woods Conference. All commodities are still priced in USD. It will be the last of the dominos to fall ........ IMHO. 🙃

Who knows! It's a club and you and I are not in it. 😒

It was extremely dumb, totally incompetent and utterly stupid. It was a fire sale of a nation's gold at rock bottom prices, a wealth transfer to special interests. In fact, it was too stupid for it not to be the plan.

I suppose it is labeled "Rip-off Britain" for a reason.

The cave that I've been living in for the past 3 years is nice and comfy. I have had no worries about extortionate price increase of fuel, food or transportation costs, council tax, tax this, tax that. My new cave is in East Asia. 👍

Oh! I do miss Wonger. Even more so now as I have made a prediction on the forum about the gold price going down. I need his moral support 🤣

You might be right about USD2300 being the new baseline. But in years of stacking has taught me not to adopt a FOMO mindset. So I'm biding my time, already saved up to time the market based on my prediction (I could be horribly wrong of course). I tend to buy a few coins in one order. Sometimes the premium is lower when buying multiple coins. This approach has served me well thus far and it is my personal preference. I don't particularly like buying a little but often approach because of extra postage cost or extra travel expenses to the dealer. I'm not too bothered should the gold price continues on the upward trajectory ........ But better if it goes DOWN DOWN DOWN please !!! Where's Wonger ?!!! 😁