RUSSIA TO CREATE RIVAL METALS EXCHANGE

28 October 2024 The LBMA sets the spot price and the COMEX exchange in new york sets future prices and the two work together to determine the  price of gold. But Russia is done with this.I remember 10 years ago there was a huge scandal because Barclays and a handful of other banks who were charged with setting the price in London were actually colluding. And as a result of that, the whole thing moved on to some electronic auction...

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RESTART EDINBURGH

23 October 2024 Edinburgh needs a strategy for growth and the aerospace sector could be that choiceThe Ambition: Edinburgh Aero 2030There’s enough financial and consulting services in Edinburgh. If you’re looking for growth, then go into some specialist manufacturing area, take aerospace for example.Edinburgh has a few key advantages that could attract the worldwide aerospace industry - For a start, all those universities turning...

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WHY GOLD

22 October 2024 Factors affecting the price of gold. Generally, as we saw in a previous post, the price of gold in USD is affected by three factors: interest rates, inflation and risk levels eg geopolitics.https://youtu.be/diQhegS7fPQ?si=5R0lNrjmbIYi6Ocxhttps://youtu.be/Z3F4DJWquL0?si=w25PZbgdAA3CRKEWhttps://youtu.be/PTZ3qAYwYAE?si=GZJVXGvgWpaPunF1The signs are that gold is heading to 3,000 USD a Troy ounce and this is because the...

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MORITURI SALUTAMUS

21 October 2024Morituri Salutamus AVĒ IMPERĀTOR, MORITŪRĪ TĒ SALŪTANTThe last words of the gladiator. A rather long but encouraging poem about old age. It's a wonderful poem and very inspiring. It tells us that so long as the heart keeps beating, curiosity and perseverance will continue to drive us forward and we can and will and should enjoy our life. By implication, if it helps we should encourage and inspire, guide and lead those for...

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