Search blog.co.uk

Posts archive for: August, 2008
  • Two For One

    No one cried,
    When the old man died,
    And so in death he fell,
    Deep into Hell.

    But before he could the place explore,
    A decrepit old friend he saw,
    And the odour let him know,
    His friend still had B. O.
    But a gorgeous girl upon his lap,
    Him gently in her arms did wrap,
    And this girl adorable,
    His ear seductively did nibble.

    The man he cried: "What do I see?
    This Hell just cannot be,
    This beauty so docile,
    And on your face that smile,
    Says it is your pleasure great,
    Though Hell are all supposed to hate."

    The old man he said: "Friend.
    You me your ear should lend,
    For though I through life did lurch,
    I every Sunday went to Church,
    And before I went to bed,
    Every night my prayers I said,
    So when I died,
    God did me not deride,
    And being benevolent,
    He me to Heaven sent.

    But this young lass,
    Alas,
    Was a naughty girl,
    Who gave Sin a whirl,
    So she to Hell was sent,
    No chance of argument,
    And now her activity,
    For eternity,
    Is me to hourly please,
    Or Pain her sensitives will tease."

    ------

  • Hidden Truths

    There on British trains is daily stress,
    Many things to passengers distress,
    So rarely can they have on a journey peace,
    Though fares will still increase.
    But railways now being privatised,
    The misery is never advertised.

    ------

  • Global Warming / Climate Change

    As it has become linked to ideas of rising sea levels and the end of the world as we know it the idea of global warming or climate change has been developing the power to inspire fear in the hearts of many people. But although it is a popular topic with scientists and the media there is as yet, no clear agreement as to what actually causes global warming. Greenhouse gasses are definitely a contributory factor but many believe that they only contribute to the problem and do not, in themselves, create it. There are in fact many conflicting ideas on the subject, including the effects of sun spot activity and this makes it difficult if not impossible for any government to take some form of decisive action in an effort to do something about the problem.

    I myself have been a little confused by the disagreement among scientists. They don't all agree on the causes and so one cold December evening, as I sat pondering the problem, I glanced over at my oil filled, two kilowatt radiator which was heating the room in which I sat. Then suddenly, in a kind of eureka moment, I realised that not only was this heater heating my room and keeping me warm, it was also heating the planet, even if the electricity it used was being produced by wind turbines. The amount of heat this heater was putting into the atmosphere was, bearing in mind the size of the global environment, minuscule in the extreme and anyone who tried to actually calculate its effect would come up with a figure of point, an unimaginable number of zeros, one. But there is a figure on the effect of my little radiator on the global temperature and no matter how small it might be, no one can deny that my radiator contributes to the problem of global warming. Not that I bothered to turn it off - of course.

    Then it occurred to me that on this cold December evening there were sixty million people in Britain using heaters to stay warm. Not only that, but while I was only heating the room in which I sat, many others were heating their whole houses and some were even heating empty buildings in case somebody might need to use one of the rooms. Consequently, if all the heat that was created and then allowed to seep out into the atmosphere was taken into consideration, then it is reasonable to assume that in their efforts to stay warm the people of Great Britain were, collectively, also heating the global atmosphere. Not by much it is true, but probably by enough to be measured by the world's most sensitive equipment - just.

    After this it occurred to me that on this cold winter's evening almost all the people in Europe were using heaters to stay warm. The people of Russia were also using heaters to warm themselves and, by default, the planetary atmosphere. A billion people in China wouldn't be too happy with the idea of being cold on this day and so they would also switch on their heaters and that's before we even start to consider the people in Canada, North America and Greenland. In fact, on a cold winter's day there are many, many heaters, all around the northern hemisphere, working hard to keep people warm and, in consequence, the planetary atmosphere.

    But the problem doesn't stop there. Even if we don't count the heaters being used to heat empty or unoccupied buildings the internal combustion engine produces a great deal of heat and it could be said that every car, lorry, ship and aeroplane works to increase the overall temperature of the planet. Exhaust fumes are not only polluting, they are also extremely hot and it might not be unreasonable to say that if the heat from all the car, bus, lorry and aeroplane exhausts in the world were piped directly to Europe, Europe would quickly become hotter and drier than the Kalahari Desert.

    But even still the human desire to create heat doesn't stop there. Televisions produce heat and so do computers and all this heat, collectively, does its bit to increase the global temperature which, a mere few thousand years ago, depended only on volcanoes, forest fires and sunlight to maintain a temperature capable of sustaining life.

    On top of all this is the fact the six point seven billion people on this planet all want, on average, at least one hot meal a day and producing that meal means heat must be created. Heat that not only heats the food to be eaten but in a collective sense, also the global atmosphere.

    Where does it end? Steel works, oil refineries, furnaces, factories and power stations all produce enormous amounts of heat. Scientists say that pollution makes it difficult to get rid of heat produced by the sun, but it also makes it difficult if not impossible to get rid of all the extra heat produced by this planet's human population.

    Finally, although it's possible that although the world's population will eventually be willing to switch to non polluting sources of energy, I double if they will be willing to give up the energy which makes modern life so pleasant and also produces so much extra heat.

    Consequently, who can deny that luxury loving Homo Sapiens has an appointment with a future it cannot avoid.

    ------

  • Captives

    British trains,
    Make many claims,
    But rail users these ignore,
    And think them just a bore.

    For passengers are only cattle,
    But on TV executives will prattle,
    And tell a blatant lie,
    When they this deny.

    But in reality,
    They understand,
    It does the law demand,
    Shareholder loyalty.

    So because of what the law does say,
    Passengers must be made to pay,
    They must every day be squeezed,
    And the pressure never eased.

    For to obey,
    What the law does say,
    Executives from passengers must take,
    So they can shareholders bigger profits make.

    In consequence, it is for passengers the future bleak,
    As rail fares can never peak.
    Profits should by law increase,
    So the squeeze will never cease.

    ------

  • Trains

    British trains,
    Are filled with pains,
    So the rich all trains avoid,
    As who wants a haemorrhoid?

    Just cattle trucks for the poor,
    And so you can be sure,
    In a train a person counts for nought,
    And is not by good things sought.

    -----

  • The small investor's guide to gold investments.

    Although many people would like to invest in gold, they really don’t know how to go about it and fear, that in their ignorance, they are likely to be taken advantage of. Consequently I have written this quick guide for those who would like to invest some money in gold but don’t wish to get taken advantage of.

    However, before buying any gold the first thing to do is find out what the current price is and one of the best ways to do this is to go to kitco dot com. At the bottom of the home page there is a chart which lists the current price of gold per Troy ounce in several different currencies; including British pounds. This is known as the ‘spot’ price and once you have determined this, you know how much you should pay for your gold.

    The first option to consider are gold certificates but personally I don’t trust these because although there are many reputable companies which deal in them, there are also a number of shonky ones and as I don’t know enough about the financial market to tell the difference, I prefer to stick with gold I can put in my pocket.

    Krugerrands, on the other hand, are a very good investment for someone who wishes to invest a small amount of money in gold. Each coin contains a full ounce of pure gold and can be bought and sold for cash. The way to work out how much you should pay for one is to take the spot price and add three percent. That means that if the spot price of gold is £440 a krugerrand should cost you around £457. But this price may vary slightly depending on the dealer. If he has a lot in stock and wants to reduce his exposure he may offer you a reduced price whereas if he is short of stock, he may want to charge a little more. You can also buy half krugers, quarter krugers and even tiny tenth krugers which contain one tenth of an ounce of gold. (However, with these smaller coins you can expect to pay considerably more than a three percent premium.) To sell krugerrands you should expect to receive the spot price minus about three percent and most dealers will pay cash provided the quantity is not too great.

    Gold sovereigns are also a good investment, particularly in the UK where, to the best of my knowledge, they are free of capital gains tax. There is nothing complicated about buying them because except for a few specific dates most sovereigns are treated simply as bullion coins and sold at spot plus a dealer percentage.
    But how much should you pay for a sovereign? Sovereigns contain only a portion of an ounce of gold and so to know the bullion value you must multiply the spot price by .2354. This will give you the value of the gold the sovereign contains and to this you must add the dealer percentage which for a single coin shouldn’t be more than five percent. Less if you are buying a number of coins and much less if you are buying a significant number. Selling a single sovereign is much the same as selling a kruggerrand as it’s the bullion value less three to five percent - but that does depend on the number you are selling.

    Gold ingots all usually carry very high premiums and so although they are .999 fine gold as opposed to 22 carat like the sovereign and krugerrand, they are not really such a good investment. Other gold coins like the Canadian Maple Leaf also tend to have high premiums in the UK because they are .999 fine but the trouble with gold of this purity is that it is quite soft and the coin is easily damaged if it is not looked after properly. The sovereign and krugerrand on the other hand are robust coins and so make the best ‘put in your pocket’ gold investment.

    Its important to note that outside London jewellers often charge considerably more than three to five percent over spot when selling sovereigns and krugerrands, but in London in Hatton Garden and the Charing Cross Road area there are a number of dealers who will buy and sell these coins at reasonable rates.

    If you decide to invest in coins from the Royal Mint it is important to remember that although they may have a lot of sentimental value and also be good conversation pieces, from a financial point of view they are poor investments. The major problem is finding a collector who is willing to buy your coin for more than you paid and as the world in awash with limited issue coins, they are not important enough for serious collectors to pay a premium on and they will usually only pay for the gold content. In fact many people who have bought coins from the Royal Mint, or any other mint for that matter, have been serioously disappointed when they tried to sell their coins.

    Finally, as you will often find gold quoted in grams, the way to work out what any (pure) gold item should cost is to get the spot price and divide it by 31.1035 - the number of grams in a Troy ounce. This will give you the value of a single gram of gold and by multiplying that by the number of grams the dealer is offering, you will know if you are being asked for a fair price.

    Here’s hoping you find this helpful,

    Best wishes,

    The QuickBrownFox.

    Spot price of gold: www.kitco.com

    Jewellery: People don’t usually buy jewellery for investment purposes but if you do have some gold jewellery it would be advantageous for you to know the value of its gold content. This is quite easy to calculate and, as most gold jewellery in this country is 9 carat, I will use this in the example. The first thing to do is weigh your jewellery on a modern electronic kitchen scales and find out how many grams it weighs. Then go to Kitco dot com and find out the current spot price of gold in British pounds. Divide this figure by 31.1035 to find the value of a gram of pure gold and then multiply this figure by .375 (point three seven five) as this will give you the value of 9 carat gold per gram. Multiply this figure by the number of grams of gold jewellery you have and you will know the ‘melt’ value of your jewellery. Should you decide to sell your jewellery most jewellers will offer to buy it for ‘scrap’ but scrap is really only melt and although 80% of melt or higher is reasonable, shop around for the best price and don’t accept anything less. If you have a reasonable amount of gold jewellery you wish to sell you can always take it to Covent Gardens in London and there, if you shop around, you may well be able to get up to 97% of melt which is a much better deal than you would get from a jewellers outside London. (For 9 carat gold the number to multiply by is .375 but for 18 carat gold the number is .750 and for 22 carat the number is .916.)

    October 5,2008: At present there is a rush for physical or put-in-your-pocket gold and so the premium on buying sovereigns or krugerrands is higher than normal. Even dealers are finding they have to pay considerably more for gold. On the good side however, if you are selling, you should be able to find a dealer who will pay spot price or spot minus 1% for gold bullion.

    January 1, 2009. There seems to be quite a shortage of physical gold so at present dealers are charging up to a seven or ten percent premium on Krugerrands and sovereigns. On the good side, however, they are paying one or two percent above spot to get the coins in. Sometimes even more.

  • Dimensions

    To say you would be right,
    A building has length, breadth and height,
    But a realist he would insist,
    That building once did not exist,
    So there's a new dimension on the stage,
    As everything has age.
    It also has today a cost,
    And we must this accost,
    And to say t'would not be new,
    Everything has value,
    Which we all in money can define,
    And once we take this line,
    Money in our world, a massive megalith,
    The dimension, it's the fifth.

    So we must preaching all go forth,
    Length, breadth, height, age and worth,
    Are the world it can be sure,
    The way we things should measure.

    ------

  • The Fifth Dimension

    Is money the fifth dimension?

    There is length, breadth and height.

    The Fourth Dimension must be time because it will take time to even think the thought of length, breadth and height. In fact, everything in life takes time.

    But the Fifth dimension must surely be money.

    How much does it cost?

    For example, if you draw a simple diagram on a piece of paper someone can work out the cost of the lead in your pencil (the amount used) and also the cost of the scrap of paper you used to draw that particular diagram. If you just think the diagram, someone somewhere will probably be able to work out the cost of the food which gave you the necessary energy to think the thought!!!!

    To get a greater understanding of money as a dimension you might read 'The Nature of Money' by Geoffrey Ingham. It's an interesting book.

    -----

  • Books

    One now can't walk down a London Street without being accosted and guilt-tripped by well trained charity people begging for money.

    But who has read Graham Hancock's 'The Lords of Poverty'?

    There's a big difference between what charities say they do with their money and what they do do.

    Me, I believe in giving it to the Salvos, Princess Anne or some other religiously based charity organisation and they can then dish it out to those really in need.

Footer:

The content of this website belongs to a private person, blog.co.uk is not responsible for the content of this website.