RedFox Blog: Gold!
Post 850 31/5/21
With gold prices at a very high value it is no wonder that everyone is cashing in. All the people that have the metal in their rings and jewelry are melting it down and selling the stuff. One country China is hoarding the stuff because of its value. Which means it is even more valuable than ever. Gold mining is very profitable at the moment because of its value. But then there may well be a glut of gold on the markets and that will send gold prices plunging. The central banks of all countries under pin the value of their currency with gold.
But as we speak there may be soon a drop in the value of gold. And therefore an increase in the price of goods being sold to market. Because of the drop the price in the value of the currency will also decrease in value. Gold is a very important part of our lives and not just in jewelry. Mining the stuff is also very expensive and I have been watching the exploits of miners on discovery channels program “Gold Rush” . The harsh environment the miners have to put up with to get the gold out is unbelievably tough. And I would have thought that such environment existed if the program had not been made.
The G7 Are Coming 1/6/21
Cornwall is not the place to be a week on Friday. The G7 Summit of the most productive countries on the planet are going to coming to the county. Billed as the highlight of the political year this summit is the first face to face meeting of world leaders since the start of the pandemic. With America under the new president Joe Biden it is also a welcome back meeting. The American president stating that America is back. But will he find a warm welcome ? All remains in the air. Former president trump would have you believe that he did no harm to the alliance.
But in my view he did do a lot of harm. He turned his back on the alliance and wanted to include Authoritarian leader Putin back into the fold. Unacceptable because of the invasion of Crimea in 2014. And so the countries of the G7 will also discuss China. another threatening country. Climate change will also be on the agenda. Another thing that is threatening our very existence. And so High hopes come with the meeting but then will there ? Co-operation between the countries and American is now all important and hopefully calm and normal ties will be in good supply!