President Trump

[west didsblue]

Well just reacting to an opinion that Gold is going to be the reserve currency of the future over the US$ and that we haven't got much given the fact that half our gold reserves were sold when the market was at its lowest..


In 1999, one of the most significant and controversial financial decisions in British history took place. The Labour Party, under Chancellor Gordon Brown, initiated the sale of nearly half of the United Kingdom's gold reserves at a time when gold prices were near a multi-decade low.

A useful article..

Brown’s Bottom Gold Sale – Auronum

auronum.co.uk

Obsessed

 

[MillionMilesAway]

Ok. But what did the penguins in McDonald Islands do to upset him.

didn't buy enough American cars.

 

[BerkshireBlue]

The rich already own most of the market.
Nobody is getting rich off a 10% stock market crash.
The man, is in fact, just an idiot.

have you heard of derivatives? a hell of a lot of people have just become richer due to the crash.

 

[journolud]

It's alright he's obsessed.

You’re not are you?

 

[bluejon]

Ok. But what did the penguins in McDonald Islands do to upset him.

It's looking very likely that they got ChatGPT to put the list of countries together, which is how this island ended up on the list. They are fucking idiots.

 

[roubaixtuesday]

Well just reacting to an opinion that Gold is going to be the reserve currency of the future over the US$ and that we haven't got much given the fact that half our gold reserves were sold when the market was at its lowest..


In 1999, one of the most significant and controversial financial decisions in British history took place. The Labour Party, under Chancellor Gordon Brown, initiated the sale of nearly half of the United Kingdom's gold reserves at a time when gold prices were near a multi-decade low.

A useful article..

Brown’s Bottom Gold Sale – Auronum

auronum.co.uk

Mate, it was a quarter of a century ago and has bugger all to do with the topic.

Start a new thread, or get a room or whatever.

 

[bluenova]

I'm not financially clever. The answer I would give is there must have been a valid reason why it was raised to that level in the first place.
I was always told that any money invested in stocks and shares had to be left for 7 years.
All I want is a Chancellor who makes honest decisions that are good for workers.

The seven year thing is probably to take into account what's happening now - i.e. it's a long term investment that has usually gone up, but within that there are ups and downs.

The ISA limit was raised to such a high amount because it's a tax cut for richer people that can be sold as something else.

Who has £20k to invest EVERY year in addition to their pension? The average total is only £30k, and that includes all those people with massive pots. The typical working person on an average salary, will have an ISA pot less than the limit for just a single year.

You try knocking a few pence of higher rate income tax and it becomes "tax cuts for the rich", but something like this floats past.

 

[BlueAnorak]

He's doing a fabulous job of destroying the American and Western world economies.
Russian agent? Certainly but weather it is intentional will come out eventually.

 

[Elbow beards]

He's doing a fabulous job of destroying the American and Western world economies.
Russian agent? Certainly but weather it is intentional will come out eventually.

Things are looking a bit overcast, I must admit.

 

[AJ71]

Think he may have been watching the Underpant Gnomes and got his inspiration from it.....

 

[journolud]

Things are looking a bit overcast, I must admit.

Hope his rain comes to a quick end.

 

[KS55]

A 60 second A level primer on our ‘current account’ deficit. Just what I needed to watch over my boiled egg and toast. It is good to see that these notional figures are used to inform policy.

Don’t leave it there. Look at some of the data sets and learn. There are plenty of articles around about the current account.

 

[flook]

One hope I have is that Britain sees how this idiot operates and rejects Farage.

The one and only potential upside to this whole fiasco

 

[Trevor Morley's Tache]

He's doing a fabulous job of destroying the American and Western world economies.
Russian agent? Certainly but weather it is intentional will come out eventually.

You think?

We still don't know who actually killed Kennedy over 60 years later. All of us on here will be long dead before anything like that comes out, IF it ever comes out at all.

 

[flook]

news from China
Starting from 12:01 on April 10, 2025, an additional 34% tariff will be imposed on all imported goods originating from the United States.
View attachment 151908

not very knowledgeable on this, but I suspect 'merica imports far more from China than China from the Yanks?

 

[b6_brum]

The one and only potential upside to this whole fiasco

I'm not sure, we seem to have a large percentage of the population who seem to be seeing our 10% tariffs as a huge victory, on the basis that they're less than those within the EU, in their mindset offering justification for Brexit.

I suppose the mental gymnastics of celebrating everybody losing out has been here since 2016.

 

[flook]

I'm not sure, we seem to have a large percentage of the population who seem to be seeing our 10% tariffs as a huge victory, on the basis that they're less than those within the EU, in their mindset offering justification for Brexit.

I suppose the mental gymnastics of celebrating everybody losing out has been here since 2016.

thats why I said potential, you can't predict the result of idiocy, as has become very apparent recently

 

[flook]

In other news, Shitgibbons at it again with his masterful appointments and sackings

TV's Dr Oz confirmed to lead Medicare and Medicaid​

Dr Mehmet Oz confirmed to lead Medicare and Medicaid

Oz, who has never held public office, is best known for hosting US daytime TV show The Dr Oz Show.

www.bbc.co.uk

White House fires National Security Agency chief​

Trump administration fires National Security Agency chief

Far-right activist Laura Loomer, who met with Trump on Wednesday, said Gen Timothy Haugh was fired because he was "disloyal".

www.bbc.co.uk

 

[Gareth Barry Conlon]

Well just reacting to an opinion that Gold is going to be the reserve currency of the future over the US$ and that we haven't got much given the fact that half our gold reserves were sold when the market was at its lowest..


In 1999, one of the most significant and controversial financial decisions in British history took place. The Labour Party, under Chancellor Gordon Brown, initiated the sale of nearly half of the United Kingdom's gold reserves at a time when gold prices were near a multi-decade low.

A useful article..

Brown’s Bottom Gold Sale – Auronum

auronum.co.uk

You have to factor in the UK Goverment has a massive debt burden.

Holding on to that gold makes no sense when you are paying market rate for that debt. Yes the gold price was low at the time but that was the point. We should have sold it earlier. We don't pay taxs so the government can speculate on commodity prices.

 

[west didsblue]

You have to factor in the UK Goverment has a massive debt burden.

Holding on to that gold makes no sense when you are paying market rate for that debt. Yes the gold price was low at the time but that was the point. We should have sold it earlier. We don't pay taxs so the government can speculate on commodity prices.

Don’t encourage him.