EdwardTeach

The 10 year Japanese government bond is suddenly spiking up! They said they would print and buy as much as necessary to keep it below 0.5 but it’s now over 0.6 so something has gone very wrong. This could be a sign that the imminent debt market implosion might be about to begin (which would mean gold to the moon). Is it popcorn time yet?

Tension in the Gulf (again) might be adding pressure to the rising price of gold too. https://www.zerohedge.com/energy/seized-iranian-oil-stuck-texas-coast-us-companies-afraid-tehrans-retaliation

and back down to £400.

To da.... roller coaster up and down and up and down and back to £1,535 again ....ooon!

So what happened? Why has gold suddenly spiked?

**** Tesco! Support your local farmers. Visit your nearest farm and ask if they have a farm shop on their premises. Either they will say that yes they do have one or they will point you in the direction of another local farm which does. Many of the farms near me have a self-serve shop on site where they leave out a few trays of whatever is currently in season. There's never anybody there serving; I just go in, take what I want and pay by dropping a few coins in the honesty box. I buy most my fruit, veg, milk, eggs and firewood this way. It tastes better because it's fresh and occasionally they have dirt cheap bargains because some fruit, veg or eggs are too ‘ugly’ for supermarket shelves but they’re still great to eat. Also if you regularly shop this way you’re bound to bump into the farmers from time to time and get to know them. This might come in handy if ever there’s a SHTF situation and food becomes scarce. If food ever runs short which people do you think farmers will give first dibs to? The complete strangers visiting for the first time or their long-term regular customers who the farmers already know and have become friends with?

Hold on tight. Next stop £4000. Maybe.

It wants to go up but they won't let it. The more they hold it down the more upwards pressure is building up though. They can only hold it down for so long then it's to the mooooooooon!

No sane person would voluntarily choose to use a CBDC over their current digital currency but the powers that be will try and force you to use it using various incentive and threat methods. This is what they did in China and Nigeria when they introduced their CBDCs. Have some optimism for this situation though. In both China and Nigeria all of the people there are fiercely resisting using CBDCs despite the various incentive and threat methods their governments have used and CBDC adoption in both countries has been is extremely slow and is already stalling badly. All we have to do to stop CBDCs from happening is for enough people to refuse to use them when buying things and refuse to accept them as payment if people try buy things from you. Just use any form of currency other than a CBDC when making or receiving payments.

Woohoo! It's dropping just in time for pay day at a midnight tonight when I was going to buy some more anyway. My dollar average buying luck is taking a turn for the better for the first time this year.

CBDCs are a 'programmable' currency so they can control your spending for certain specific items or services. This means they could allow transactions to work if you try to buy something such as a Netflix subscription but stop the transaction going through if you try to buy precious metals. The programmable aspect of CBDCs means they will be able to control what you can spend your currency on, where you can spend it, and when you can spend it.

It’s what us experts call the ‘quick wash’ cycle. It’s combines a shortened wash time at lukewarm temperatures with an extra-high-speed spin for reduced ETF and paper SLV selling times.

Would you mind explaining what rinse and squeeze cycles are for the dumbos like me who don’t already know. I did an internet search for ‘rinse and squeeze cycle’ but it just brought up lots of pages about washing machines and dish washers.

Errm... No it wasn't. 👇

Sorry wrong thread.

Correct me if I’m wrong here (I probably am 😄) but I think I recall seeing Sovereigns selling for around £320 back in mid 2021 and lately they've been selling for around the £420 mark. That’s seems about right for gold keeping up with inflation to me. But yeah defo hodl! 😎

Are the new 2023 bullion George and dragon sovereigns coming out on Monday? https://www.royalmint.com/shop/monarch/charles-iii/coronation/ryi-sovereign/

Give it a couple of years and the $ will be the new Old Empire token and the £ will be the old Old Empire token. 😄

Doomed?

Top – 2022 bullion Jubilee Sovereigns Bottom – 2022 bullion Memorial Sovereigns

What do you guys think of this? It could be good for gold prices going forward. https://www.zerohedge.com/news/2023-05-10/drainage-chinas-new-gold-wallet-may-suck-western-gold-dry

I thought he looked bored. 😄 It's a good likeness though.

That coin looks a little bit Nazi to me with what looks similar the Reichsadler eagle and the German Airforce symbols.