That's the news today, dear reader(s). 'What?! Is that all you could find, boss?' Ha! I haven't been looking, Voice. I promise I will tomorrow. I'll hunt down some new hedge fund or something. But today it's another PR email. 'You're so lazy.' Shut up, man! I've still got to do the work, ain't I? I've still got to write this bloody post. / Anyway ...
The Pure Gold Company has seen a 64% rise in first time buyers investing in physical gold since the U.K. Government increased the base rate last week for the first time in a decade, initially prompting a near 2% rise in the gold price.
Okay, okay. The government is to blame. Well, surprise, surprise. They can't get anything right, can they? 'What does Josh say, boss?' Here -
CEO Josh Saul said: "Many of our enquiries are from people concerned that mortgage payments will become unaffordable resulting in property sales, relocations and a fear of negative equity. Over a fifth of people enquiring about buying gold have already noticed an increase in their mortgage payments as their variable rate has been effected immediately. Those most concerned have been retirees and young professionals such as teachers and nurses."
Ah, let me just point out, this post isn't an endorsement or anything like that. Personally, I think you would be better off buying tins of baked beans. When the collapse comes, you might - 'They might want to top themselves, boss. Who the hell wants to eat baked beans - probably cold baked beans, too - every day of their life? Some things are worse than death.' Shut up, you bloody moron! Not everyone has your negative attitude, you know. / Anyway ...
"We've also seen a 73% increase in financial professionals over the age of 50 purchasing physical gold in the last week. Unaffordable mortgages and record high debt are at the forefront of this decision. They know that over 9 million people have never known a rate rise in their adult lifetime, and they remember the property slump of the early 90s."
Okay, okay. Where do they find all the money to buy this gold if they can't pay their mortgages? Never mind. / And a nice bit about the end of the world -
"Our clients view physical gold as a long term store of wealth that increases when other assets fall in value such as property, equities or currency. Global political instability is exacerbating economic unpredictability, and physical gold has a proven track record of guarding against some of these risks."
Well, risks, yeah. Josh means nuclear holocaust. 'Or Brexit.' Yes, Voice, or Brexit. Fuck Brexit!
...
Anything else? Politics? As you know, dear reader(s), I don't discuss politics on this blog because it bores the crap out of me. However, Theresa May has got some sacking to do today. I mean, she can either get rid of these people or just leave herself. And she's got nothing to lose, in her bunker. She might as well go completely nuts. 'You would, wouldn't you, Mikey?' Man, I'd be like Scarface! Coke piled up on my desk, a machine gun, the works!
The Pure Gold Company has seen a 64% rise in first time buyers investing in physical gold since the U.K. Government increased the base rate last week for the first time in a decade, initially prompting a near 2% rise in the gold price.
Okay, okay. The government is to blame. Well, surprise, surprise. They can't get anything right, can they? 'What does Josh say, boss?' Here -
CEO Josh Saul said: "Many of our enquiries are from people concerned that mortgage payments will become unaffordable resulting in property sales, relocations and a fear of negative equity. Over a fifth of people enquiring about buying gold have already noticed an increase in their mortgage payments as their variable rate has been effected immediately. Those most concerned have been retirees and young professionals such as teachers and nurses."
Ah, let me just point out, this post isn't an endorsement or anything like that. Personally, I think you would be better off buying tins of baked beans. When the collapse comes, you might - 'They might want to top themselves, boss. Who the hell wants to eat baked beans - probably cold baked beans, too - every day of their life? Some things are worse than death.' Shut up, you bloody moron! Not everyone has your negative attitude, you know. / Anyway ...
"We've also seen a 73% increase in financial professionals over the age of 50 purchasing physical gold in the last week. Unaffordable mortgages and record high debt are at the forefront of this decision. They know that over 9 million people have never known a rate rise in their adult lifetime, and they remember the property slump of the early 90s."
Okay, okay. Where do they find all the money to buy this gold if they can't pay their mortgages? Never mind. / And a nice bit about the end of the world -
"Our clients view physical gold as a long term store of wealth that increases when other assets fall in value such as property, equities or currency. Global political instability is exacerbating economic unpredictability, and physical gold has a proven track record of guarding against some of these risks."
Well, risks, yeah. Josh means nuclear holocaust. 'Or Brexit.' Yes, Voice, or Brexit. Fuck Brexit!
...
Anything else? Politics? As you know, dear reader(s), I don't discuss politics on this blog because it bores the crap out of me. However, Theresa May has got some sacking to do today. I mean, she can either get rid of these people or just leave herself. And she's got nothing to lose, in her bunker. She might as well go completely nuts. 'You would, wouldn't you, Mikey?' Man, I'd be like Scarface! Coke piled up on my desk, a machine gun, the works!
