Showing posts with label gold standard. Show all posts
Showing posts with label gold standard. Show all posts

Friday, July 15, 2011

Scorcher


Incredibly hot, something like 107 by 10 am this morning, but that didn't stop a drive over to JB's new pasture and a ride.


A few months ago she would have regressed back to being flighty, hard to catch and generally difficult, which was what I expected.



Not at all; JB was easy to catch, saddle, bridle and ride. We got up to some simple walk, trot, canter exercises until the heat got even more searing than it already was. So I was pleased with that, had a good shoot afterwards too, never mind the heat.


On a less sanguine front, unless you happen to be a gold investor, is this (from the Daily Telegraph via Drudge). It's a statement from Peter Hambro, chairman of the U.K's biggest gold listing:



"One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money."


We're all doomed.


Stay on the horse.


LSP