Anglo Asian Mining Share Discussion Threads

[jeanesy] 28/2/2021 11:22

A loaf of bread went up from 90p to 110p this week for me. Perhaps it is the supermarkets trying to claw back some profit. My normal shop is definitely costing more. Another example was my margarine going from 100p to 185 ! I think some of it was priced lower due to discounting though in the first instance. Bread for example was 100p before the discounting over several weeks but now 110p.

Bills are also increasing far more than inflation. Poll tax up 2% , water bill up 3.8%, broadband also increasing next month by another £3.50 a month for example. Balance this in with interest rates on savings being reduced , in one case to 0.01 % . We are heading for a very interesting budget this week. I daren't look to be honest. POG should be rising soon you would think but who thought we would be where we are now a few months ago... not me that is for certain !

[11_percent] 28/2/2021 11:18

Any good reason why you shouldn't buy gold / silver coins from The Royal Mint?

=====

Have used them in the past and did not have a problem.

You will need to pay 20% VAT.

SILVER
There is a site Silver to go, where the silver coins come from Germany. You did not have to pay VAT in the past. However, since BREXIT, it seems the parcels are being stoped by Customs and VAT is being charged. Dont know if this will happen every time, or I was unlucky and it was a random check. It has happened to others, so I think it is now a policy.

Its a good site and, even with VAT added, it is competitively priced.





The other site is: Mad 4silver.



Again, you do not pay VAT. This is run by "snurkel1" who posts on the ADVFN "Realy useful silver thread".

The problem here is that they can only have a turnover to a certain limit in a financial year. They have reached that limit and will open again in April.

I totally agree with Riggerbeautz about coins like the 3 graces. I have bought some Queens Beasts in the past and made a good few quid on them.

These "collectors" coins have value in the bullion and also the "collecable" value.

Personally, I stear clear of Proof Coins.

[donald pond] 28/2/2021 11:01

Fwiw Hedgeye are bullish on BTC on the basis that it is a commodity while they are bearish on gold as it is a currency. Go figure, though they've called it right so far

[mattjos] 28/2/2021 11:00

It's inevitable we will see inflation reported around now ... it's reported YonY & look at where the global economy was this time last year - it was sliding down into one of the biggest economic contractions ever experienced.We could see some huge inflation figures reported from March through December this year ... & these figures could cause some big gyrations in the Bond market as people try to determine whether this inflation will prove sticky or not & seek some protection on a 'just in case' basis.I expect the FED is going to step in to try and suppress this by using more QE, just as Australia did this week. These Central Banks will & do speak with each other.They absolutely cannot allow the Bond market to get away from them this year else the necessary corrective actions (higher rates) will kill any economic recovery.

[brasso3] 28/2/2021 09:43

For this weeks competition I will take the following:-

XTR - Maybe assay results this week for the first well.
FRES - Looks oversold with the drop in gold/ silver.
PPC - I have a feeling the 2p support level will hold and it will bounce to 2.5p.

[tonyhancock] 28/2/2021 09:40

Morning odsjp

For next week can I split my entries between Avacta (AVCT) and Omega (ODX) (dropping ARB)

Thank You

[brasso3] 28/2/2021 09:39

BTC will be at $70k before gold is at $2k.

[scepticalinvestor] 28/2/2021 09:32

BTC crashing - will almost certainly be back to the 20k region soonPM is really the only hedge imo

[saint in exile] 28/2/2021 09:07

I have and it was fine.

[laurence llewelyn binliner] 28/2/2021 07:33

#3Sporrons, real life inflation is out there with increasing evidence now is it not, petrol/diesel, basic groceries, and as that is about all we have been buying in the last 12 months, and mostly the same weekly trolley so people notice.. :o), regardless of what the RPI/CPI basket index tells us to the contrary...

Some consideration for the 7% property inflation and offset by the best yielding 0.1% savings account on offer and there is your real life inflation number, and it must be somewhere in between 5-10% in 2020....?

Largely driven by fuel costs to move machinery to make/move anything and everything, and wages inflation for the staff to sell it all...

The 10 year note yield rising rising so dramatically in Feb is down to expectations of inflation and evidence that the same will start to emerge in Gov data, and soon judging by the rapid rise..

The FED has said it is happy to see 2-3% but expects it to overshoot before stabilising, and that will not happen unless interest rates go up.., which they can not (currently)..

Near term outlook for POG continues to look weak based on the current rising DXY driver and potential for ZIRP to go +ve, but much better on an inflation outlook..?

The next round of helicopter money passed the house, but the stumbling block will be doubling the minimum wage from USD 7.5-15 per hour bill, and guess what impact that will have on goods/prices if it passes the senate..., and who picks up the tab for that..!

A very interesting move in the DXY on Friday undermining POG for us, but with such low costs we are well insulated, unlike some higher AISC producers..

[2sporrans] 27/2/2021 22:36

Thinking of food prices, how much is determined by the cost of energy and fuel in particular?
For the great majority of foodstuffs, a lot of it.

For a very long time, I've pondered that most of their prices are built up of energy firstmost and profit margins vying for second place along with costs of facilities/vehicles/labour; where applicable taxes [incld. tariffs] in 3rd place.

In the ultimate analysis, energy is a substantial component cost of anything that has been manufactured or operates.
like not only the fuel costs of running farm machinery but the cost of making it; ditto fertilisers, pesticides, storage facilities, processing plant, packaging, refrig. transit vehicles, retail facilities etc etc.


Reading Jeanesy's post about the price of a loaf, is the recent rise and that in the price of petrol/diesel at the pump associated?
Well, thought it about time i made a cursory search to discover the constituent costs of a loaf of bread and came up with:

hxxps://ahdb.org.uk/news/do-wheat-prices-matter-for-bread

The advice being that the wheat cost in a 'standard' British loaf is around 11%.
[The wheat cost will itself include fuel for all the farming inputs + maybe getting the grain to market too.]

"So it’s slightly surprising, and against logical thought [I disagree; seems perfectly rational to me - TS], that the price of wheat does not translate directly and proportionately to the price of bread.

Wheat prices have a much more direct and pronounced impact on flour, but the subsequent bakery production processes, ingredients, packaging, marketing and transportation mean that wheat isn’t directly related to the price of bread. We estimate that the value of wheat in an 800 gram loaf of bread stands at only 11%."

Although the article doesn't cough up cost figures or %s for energy or its fuel sub-component, the list of important stages in transformation from flour to loaf are all
highly energy intensive with the exception of marketing.
How much of the 'ex-wheat' cost of 89% of the loaf is down to energy?
In the ultimate analysis, the decided majority of it methinks.

Energy costs have obviously soared, if one goes with a simplistic YoY comparison.
They will clearly will step up a good notch further when compare March 2021 v 2020.
All that says to me is that along the supply chain, plenty of margin was made over that past year, albeit tapering as the year wore on.
Not as if the price of a loaf fell at the shops over the past year; it was pretty constant through 2020.
As that extra margin has now thinned out, back to about what it was pre Covid, are those in the supply chain trying to hold on to a % of it, hence the 22% rise noted by Jeanesy?
Maybe something new has slinked in, like an increased Green tax on fuel and I've not noticed it?
Can't see that Covid nor Brexit will have impacted much upon this particular supply chain.
Having said, I've yet to experience the same; loaves priced pretty much what they were over past several months.

[someuwin] 27/2/2021 22:20

Any good reason why you shouldn't buy gold / silver coins from The Royal Mint?

[brasso3] 27/2/2021 21:57

Pogue

I was going to post the same article but you beat me to it. People falling for the MSM FUD that had already been raised many times over the years.

pogue27 Feb '21 - 16:23 - 31903 of 31913

[donald pond] 27/2/2021 21:48

I like THS but don't like recent directors sales or the recent results announcement where they are clearly cross about laws in SA. In fact, it's South Africa that puts me off. Everyone I know from there says it's as corrupt as hell, though THS profits are presumably net of the costs of doing business thereThat's my only worry there. Otherwise great. And location hadn't held SLP back

[the stigologist] 27/2/2021 21:18

Utter hogwash. 22 followers for a reason clearly.

[walter walcarpets] 27/2/2021 20:56

Brilliant article on the perfect marriage of Bitcoin and renewable energy over the next 50 years.

[mattjos] 27/2/2021 20:34

Yes, very noticeable that prices are rising strongly on everything that you NEED to buy .... most things that are only WANTs to buy are static prices or lower.No surprise that the governments around the world will make sure their 'basket of goods' for Inflation reporting purposes will contain mainly the latter and less & less of the former.Petrol / Diesel is now back to same price per litre as it was when oil was over $100/barrel just before the 2008 GFC.Headline inflation rate 2% ? It's complete BS. Govt's and Central Banks know the only way out is to inflate the debts away over many, many years but, they'd rather not have the average joe appreciate what's going on so, its 'stealth' inflation for now. Absolutely no point keeping money in the bank with interest rates at Zero but, real world inflation running at way, way over the reported 1-2%

[jeanesy] 27/2/2021 20:26

Talking of inflation has anyone else noticed how much food is going up at the moment. My normal shop is costing far more. Loaf of bread for example up 20p or 22%. Price of petrol also been on a steady rise !!

[yasx] 27/2/2021 16:56

Tim James,

Re THS - I mentioned it on here recently in response to a comment from some poster. i hold. It has done very well indeed thus far, but much more to go yet.

[wanobi] 27/2/2021 16:39

as always odsjp, big thanx to you for your competition work and continued support of this thread, cheers Wan :-)

[wanobi] 27/2/2021 16:38

Pp, I will be literally 'over the moon' when PPC comes good for you, big time,,, you have been completely behind them ever since I've known you and you deserve to be successful for that and I really hope it happens for you,,, cheers Wan :-)

[wanobi] 27/2/2021 16:36

thanx jb2 & pogue,,,, seems crazy that BTC can consume as much power at an entire country, The Netherlands at 111TWh,,,,, and yes, I know Gold miners probably do the same :-) LOL,,, but at least there is something tangible as an end result with a physical miner :-),,,, oh what a world we live in, cheers Wan :-)

[wanobi] 27/2/2021 16:32

great post, great call Plas, SCLP, another one I will look into,,, many thanx for reminder, cheers Wan :-)

[wanobi] 27/2/2021 16:30

great post Tim, Tharisa THS I know nothing about and will have to look into,,, but not today, maybe tomorrow.... many thanx for posting about it, cheers Wan :-)

[wanobi] 27/2/2021 16:29

great idea KS and well done for getting the running going again and not putting on any wieght,,,, only wish I could say the same :-) LOL LOL,,, many thanx odsjp for naming the new funds after Wan :-),,, I feel humbled, privileged and honoured by that move,,, thanx, cheers Wan :-)

would be amazing if our funds end up better than the pros funds out there :-) :-)

although,,,, we do have the benefit of not being mandated to follow a risk profile :-),,,, we can just get on with it and go for it :-)

Cheers
Wan :-)