Right. That’s the current job done and dusted and I can glance up above my particular foxhole and take stock, or in my case buy some. I’ve been watching the price of Gold and silver of late, and it looks like the market may be bottoming out. So yesterday I went out and bought some silver. The 999.99% variety. Just a couple of small 10 ounce ingots to begin with. Which is still a minor gamble. Maybe the market in precious metals isn’t quite bouncing along in the benthic depths, but I think it’s close, hence me splashing out a few bucks. The dealer I go to downtown also has a 100 ounce bar I have my eyes on, and may just purchase if conditions are right when I get back from the fabled land of Oz late January. They’ve got a few lumps of gold bullion in stock that look tempting, but the price needs to drop a few dollars more before I’m convinced it’s a good investment for the safety deposit box. Maybe I’ll stash some capital in Platinum. Just as a hedge. Just for the comfort of owning something solid with a readily convertible monetary value that won’t depreciate (much). Now there’s a thought.
Gold, Silver and Platinum bottomed out on July 10th this year, but as I was on the road I missed the opportunity to buy in at that point. However, everything but Palladium is cooling off in the precious metals world at present, at least in Canada, so I’ll have a rethink in January 2018 and see what the market indicators are like.
I’ll have the money as there’s a possible new job offer on the horizon for me in January. Nothing spectacular, but steady enough to pay for the usual household stuff and a little travel on the side, as well as setting my own hours. Nowhere near as much as my full consultancy rate, but fairly reasonable. I’ll just have to wait and see if it materialises, or not. I’m not that fussed, I’ve got more than enough on my plate right at this minute, and January is not generally a time for market panics. At least not this side of the pond, or unless old Spoonbanger (Cheers Mitch) starts punting off Nuclear tipped fireworks across the Pacific and throws one at Seattle, it’s likely to end in my back yard. In which case we’re all toast, or not, as the Sticker clan will shortly be together in Australia. If it all went into TITSUP mode we’d literally find ourselves ‘on the beach’ a la Nevil Shute. From the pictures we’ve been sent it’s a very nice beach. With a nice bar and restaurant. What a place to claim refugee status eh?
What else? The pound was crawling back up despite all the negative media coverage. Then the Northern Irish decided to throw Teddy out of the nursery and possibly allow the election of Corbyn, the true nightmare candidate. I mean, Jaysus me bhoys. May is hardly the most competent statesperson on the planet but Corbyn is about as batshit crazy as they come. If it ever looks like he will win an election then my money will be out of Sterling into US dollars faster than you can blink, even if I have to take a loss. I know May is a pretty poor PM, but Corbyn would be abysmal, leading the way down to economic hell with a brass band and choir of idiots in front, Brexit be damned. He wants his authoritarian utopia and nothing and no-one is going to stop him short of a mass implosion of the UK Labour party. He’d also probably repeat the biggest mistake of the Wilson Government and put the troops back into Ulster. Which would give the good auld IRA a hobby apart from run the regional drug trade.
Labour used to be the political party of the working man, but that hasn’t really been true since the 1950’s. Now it’s all about political power and ideology, the ordinary working man be damned. And if Corbyn did cancel Brexit, the Eurocrats would really put the screws on the UK. Just to make an example of all you uppity Brits. Because that’s the arrogant way they think. If you’d ever seen a few of them blasting around Paris, Brussels or Strasbourg in motorcades or their bodyguards blocking streets outside the best restaurants you’d understand. These are people who don’t really care about the people they rule.
As for May getting all humpty about Trump Twatting out some video’s she disagreed with in a desperate attempt to placate a certain minority death cult, oh pur-lease. It seems that the Tories (And most of the other big three UK political parties) believe these sparkly new RoP imports will be future taxpayers whose output will keep the political classes forever in champagne and caviar. Dream on kiddies. That won’t happen for at least two more generations, around fifty years, if you’re lucky. That’s how long it will take to even partly assimilate this latest bulk buy of bargain basement bozo’s with the general population of the UK. By way of proof I’d like to point out that there have been ethnic ghettoes in most of the UK’s major urban conurbations since I was in my late teens, created by short sighted mass immigration policies. Matters have not improved in all that time.
Anything else? The UK media is full of anti-Trump, anti-Brexit hit pieces with rarely a fact in sight, but everyone in the mainstream seems afraid to deride those whose evil must not be named or be labelled ‘hate speakers’ and sent to the naughty step forever and ever.
Frankly I no longer care. I shall simply keep my eye on the news that really matters and slip any spare cash into solid and readily liquidated assets while prices are good.