Assorted Gold-related News

[dualstow]

Ancient gold artifacts stolen in Drents museum robbery
https://nltimes.nl/2025/01/25/ancient-g ... um-robbery

[seajay]

Saw that yesterday and sounds like they didn't even have a night watchman at the museum. More akin to having been 'taken' rather than 'stolen'.

[dualstow]

Saw that yesterday and sounds like they didn't even have a night watchman at the museum. More akin to having been 'taken' rather than 'stolen'.

They used explosives to blow a door open. That doesn’t count as stolen?

This makes me sad:

Experts are concerned that these items will be hard to recover and may be melted down by the thieves and sold for the price of the precious metal since the artifacts are notorious and will be hard to sell on a black market.

https://lavocedinewyork.com/en/arts/202 ... therlands/

Off topic: would Universal Basic Income stop shenanigans like this?

[seajay]

Woke era. Here in the UK and shoplifting up to GBP200 is pretty much ignored by the Police. Regular events now in most shops. Per person also, so in some cases a gang walks in and take goods up to that value each and walk out, where the security guard pretty much wont confront them nor the Police turn out.

Similar for other 'minor' crimes, leave something on your dashboard and the window might be broken and the item(s) taken. Again the Police wont turn out, at most you'll get a 'crime number' by phone/message to report to your insurance company - who'll likely ramp up next years premium by more than what they paid out on that claim.

Cameras and monitoring galore, where now even all financial transactions are now being reported by banks to the state, under the guise of anti-money-laundering/know-your-customer, where if banks fall foul of having received illegal money they get fined heavily, so are compliant at feeding the state with data and more inclined to refuse banking services to 'dubious' individuals. So the Police tend to just stay in offices, solving crimes via those monitoring systems, that are evolving to levels where they know the comings/goings actions/activities of everyone, basically a Open Prison system.

Those that they do progress to Court often get off with a wrist slap, a big disincentive for the Police to do all the effort/paperwork spend days in Court etc just to watch the accused walk out with a smile.

They'll always be thieving. Even a rich individual was caught fiddling self checkouts recently, major stores are more often recording having sold more carrots than they've ever bought i.e. people scan other more expensive items through at inexpensive carrot weight prices. When prosecuted that individual got off when their wife said that her husband was old/confused/forgetful.

Money you deposit into banks becomes the banks money. Money you deposit into a brokerage and they'll buy the shares you like, in their name, not yours. World Economic Forum put out that "you'll own nothing and be happy" - such is the directional push. Physical gold/silver in-hand is at least outside of being able to be confiscated at the press of a button.

[dualstow]

Woke era. Here in the UK and shoplifting up to GBP200 is pretty much ignored by the Police. Regular events now in most shops. Per person also, so in some cases a gang walks in and take goods up to that value each and walk out, where the security guard pretty much wont confront them nor the Police turn out.

Similar for other 'minor' crimes, leave something on your dashboard and the window might be broken and the item(s) taken. Again the Police wont turn out, at most you'll get a 'crime number' by phone/message to report to your insurance company - who'll likely ramp up next years premium by more than what they paid out on that claim.

Sounds like California, although in the UK they have to save jail cells for elderly women who make edgy comments on social media.

[pmbug]

FT publishes story about BoE gold deliveries now delayed by 4-8 weeks:

[seajay]

FT publishes story about BoE gold deliveries now delayed by 4-8 weeks:

Busy rush by Americans importing gold ahead of potential Trump tariffs (higher domestic prices for Americans to buy imported gold), however I suspect gold/silver would be exempt from such tariffs. The Bank of England are primarily a custodian for other peoples gold, aren't liable for those individuals that have promised to deliver gold via Futures/Options/whatever contracts - that's all down to the individuals themselves. But does mean the BoE is busy with movements of physical gold. The video suggests, wrongly, that the BoE is itself at risk. Trumps tariffs are just a push to make already high prices for Americans even higher, and would be inclined to be reciprocated. Inflationary. Good for gold

[yankees60]

FT publishes story about BoE gold deliveries now delayed by 4-8 weeks:

Busy rush by Americans importing gold ahead of potential Trump tariffs (higher domestic prices for Americans to buy imported gold), however I suspect gold/silver would be exempt from such tariffs. The Bank of England are primarily a custodian for other peoples gold, aren't liable for those individuals that have promised to deliver gold via Futures/Options/whatever contracts - that's all down to the individuals themselves. But does mean the BoE is busy with movements of physical gold. The video suggests, wrongly, that the BoE is itself at risk. Trumps tariffs are just a push to make already high prices for Americans even higher, and would be inclined to be reciprocated. Inflationary. Good for gold

" Trumps tariffs are just a push to make already high prices for Americans even higher, and would be inclined to be reciprocated. Inflationary."

Anyone have a counter to this?

[pmbug]

Tariffs confirmed for Saturday. London gonna be crying uncle (Sam).

https://apnews.com/article/trump-tariff ... 35bcd30a1b