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5huggy
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Posts posted by 5huggy
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4 minutes ago, Stacktastic said:
5: inflation kicks in and things starts to get very expensive
Global food prices have reached their highest in almost seven years, further raising the spectre of food inflation and hunger at a time when the Covid-19 pandemic continues to hit economies around the world.
The UN Food and Agriculture Organization’s food price index for January rose by a tenth from a year ago to its highest level since July 2014, led by a sharp increase in grain prices. Substantial buying of corn by China and lower-than-expected production in the US helped send the gauge — which tracks a basket of food commodities against their 2014-16 prices — to its eighth consecutive monthly increase, the longest rising streak in a decade.
Prices are not yet at levels seen during the food crisis of the late 2000s, but the trajectory was a concern, said analysts. “It could become a big issue for less prosperous countries which depend on imports for food,” said Abdolreza Abbassian, senior economist at the FAO.
China is seeking to restore its grain reserves, as well as keeping a lid on domestic prices while it rebuilds a hog herd that was decimated by African swine fever. The pandemic has also prompted countries reliant on imports for staples to boost government-held inventories in grains and oilseeds such as soyabeans, as well as sugar.
Food prices have also been affected by dry weather in South America, a leading supplier of corn and soyabeans to international markets, while expectations of a rise in export tariffs in leading wheat exporters such as Russia have also pushed prices higher.
The continued disruption in the shipping industry is another factor: freight prices for grains and oilseeds are at their highest levels since October 2019 according to the International Grains Council, a global body.
From here - - - > > https://www.ft.com/content/571a9d68-c8b5-4c56-a539-26fff81e9296 -
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13 minutes ago, pablitto83 said:
Thats from last month.
Looks like situation in US - they will print few trilion of USD, big pays of benefits to citizens, and all the money goes to the crypto and stock exchange. Look at the BTC and ETH, market cap on crypto exchanges goes up and up. If street and Wall Street see that can make more elswere, there is less demand for gold. My assumption. Just checking gold price, keep going down.. We will see where the bottom will be, so it will be an opportunity to but some. For me it is to keep for a long run, so I am not panicking..
Yep - till they "capitulate" from digits (worse than paper) to try and get "PHYSICAL"!
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OOPS! apologies peeps - gone off topic!
SO here we are right now!
ok its in dollars but you get the jist! 😉👍
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100,000,000 =
- MickD, VelociteeSteel and stackingsi
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32150.7 ounces in a tonne!
thats troy ounces
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1 minute ago, sixgun said:
Good to see you back posting at full bore - hope you are keeping well.
Cheers buddy @sixgun - it was a rather torrid time for me at the end of 2020 - glad to seethe back of that one - AND DAMNED GLAD /LUCKY to be here in 2021
Lets just see HOW a "MINION" can screw this one up!
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3 minutes ago, sixgun said:
No-one is dumping physical silver - they are dumping representations of silver.
bang on
Just now, sixgun said:It's a little bit more than 3 tonnes.
100 000 000/32 = 3 125 000 kg = 3 125 tonnes.
I'm happy to take any discrepancies left over 😉👍🤣
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2 minutes ago, Foster88 said:
Rightly so. Very much agree.
I was just wondering which category these were listen in that they bought for £311 each.
I’ve been hovering to buy the 2021 Sovereigns all afternoon and the cheapest I can find is Bullion by Post. 🤷🏻♂️
at this price £332.80
bang on @Isitreal 👌
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30 minutes ago, Cornishfarmer said:
100 million Troy oz is just over 3 tonnes? Is that right. If so could get that on a small lorry or at I doing my figures wrong
As I have (in my Past) driven waggons - a self drive/hire vehicle from Ryders is a 10 tonner so go "LARGE"! 😉👍🤣
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1 minute ago, Foster88 said:
Are these the Chards Grade C Sovereigns?
Gold is "GOLD" in bullion form! 😉👍
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Just now, Isitreal said:
That's the badger, but you have to be quick, as soon as they come up.......within 2mins they're gone.
Yep they are regular haunt for me - and "nice coffee too!" 😉
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2 minutes ago, Isitreal said:
Chards
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1 minute ago, Nugget said:
£1,385 for 1 oz makes me cry a little
its ALL RELATIVE!! buddy
I bought some at £860 and just "added patience" !
Do you think (for one minute) that this is the MAX price of GOLD!?? 😉👍
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Just now, Nugget said:
I know but I sit here and last time I purchased physical I got 5 sovereigns for £1030 delivered from there lol
So do same again surely??
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1 minute ago, Nugget said:
Im sat here with a 1oz brit in my atkinson basket 😕
"If you cant hold it! - you don't OWN it!" 😉👍
- Darr3nG and MancunianStacker
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1 minute ago, Bars said:
Its firing automatic
"back up the truck time" - IF you can find "Physical" to buy with low enough premium!
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1 minute ago, 272 said:
Isnt that just the the American markets opening from 2.30 every day?
yep - the "manipulators"!😉 reside there!
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and as "every day" at 15:00 the turn round occurs from the "manipulators"!😉
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6 minutes ago, Paul said:
Little bit into everything none-fiat and spread the risk GLD, SLV, BTC, ETH, MALT & WSKEY (
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Diversification - is the key! 👌👍
- Drawga and MancunianStacker
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ok its in dollars but you get the jist! 
and as "every day" at 15:00 the turn round occurs from the "manipulators"!
Gold Monitoring Thread £ GBP only
in Gold
Posted
JUST bear in mind Buddy! -
the "groomed" figures we are given by the "Government" are constantly manipulated to their favour -
they are forever changing the "basket" to SUIT keeping the "MINION's " calm!