Just before you conclude that post Brexit, Trumpian civilisation as we know it has had it, and you disappear to a remote cave armed with bottled water, tinned food and a torch, you might want to consider including some gold in your equipment.
Much excitement among analysts and gold bugs this week who have become fixated on a little known stat which is that not since 1968 has there been so much sustained central bank buying of gold. Gold is currently trading at $1529.
What used to be known in days gone by as being “fashionable” and then in the 60’s as “with it” has been replaced in today’s social media parlance with “relevant”. Fine when you are, but less so when you no longer enjoy relevance as Cheryl found out when her waxwork statue was removed by Madame Tussauds. Immediately a petition was launched to redress this cruel injustice and garnered just….53 signatures! Worth GBP 20 million Cheryl will no doubt get by, but a 53 signature petition is defo a good definition of not being relevant any longer!
Millennials are not entirely sure what is meant by sending a Telegram. they are far more likely to think it probably refers to a new App to prevent handset location and therefore personal identification details being visible to the authorities. This App is being widely adopted by the Hong Kong protesters to avoid repercussions from the Chinese authorities. However in a bizarre twist it seems likely that the Chinese authorities have gained access to yes you guessed it, the Telegram App. So when protesters seek to disguise their identities by using the App, they are inadvertently sharing all their details.
We used to track one of our employees at SGM-FX who had trouble with both the truth and also being where he was supposed to be while on business trips. However in that more innocent age, it was easy for us to track him as he was inept enough to forget that he had friended his colleagues on Facebook, so when he boastfully sent photos of Biarritz rather than Birmingham to his pals, we clocked him and appropriately rewarded his incompetence at bunking off. Return to sender: Byee!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
European Interest Rates More momentum on rate cuts in the Eurozone as expectations grew for cuts starting in March and totalling 140bps in 2024. Equally in the UK cuts of 130bps starting in June are being pencilled in to market calendars. What this means is that GBP/EUR is looking more than especially good value at […]
I’m a central banker, get me out of here Ant and Dec were not present at the RBA decision overnight. However, based upon the reception of the decision, Governor Michele Bullock might rightly feel she was in one of the duo’s trials. Markets offered a frosty reception to the Reserve Bank of Australia’s latest interest […]
UK With 2 year mortgage rates less than 4% and 5 years at 4.39%, the implication for the housing market which has responded by a modest 0.2% rise, is that rates are soon going to fall and that the UK economy is stabilising. While there will doubtless be setbacks to this rose tinted scenario, for […]