Post by
ggnewmex1 on Sep 28, 2022 9:43am
SIC and the world
I have been adding slowly more shares. I like the projects we have the news we hear from Tim.
I think he does a great job.
It is known that the world is changing. Traditionally, ( the last 6,000 years) gold has been money and best in times of inflation. But, I am re-hashing what we all know.
THis whole business of Nordstream line that was blown up, ( Sorry, I am reading Mitch Rapp from the Author Vince Flynn) which is the only logical explanation, will have reverberations throughout the world. Now, the interesting thing to see is the WHO blew it up. Both the USA and Russia have motive in my opinion. ( The USA was stated by uncle Joe) and Russian has reason. The people who choose to do these things really have no care or concern for the average guy who will be affected by this. Everyone with a sane mind KNOWS that "they" will have heat.
So, what will this do the energy, to the average person throughout the world who need heat over stuff? My guess is it will have a catastrophic effect on economies world-wide, and gold will rule the day, and eventually benefit the JM markets. That is some small optimism in a dreary forecast.
God help us all
GG
Comment by
Minray on Sep 29, 2022 8:07am
alwayslong, BC never said these are the gas prices in Canada. He said these are the gas prices in Vancouver. I think the point he's making is that gas prices on average are high. Why would he want to deceive anyone? He's always shared his opinions and tried to help other members on this forum.
Comment by
AlwaysLong683 on Sep 29, 2022 12:44pm
Try this converter and see what you get. Unless you live in England, U.S. gallons is the sensible benchmark to use on this side of the pond, not to mention that global oil prices are listed in USD, not British Pounds (ironically, just like gold). The rest of my original post stands.
Comment by
eldreco on Sep 29, 2022 10:27pm
No, Always Short, you are wrong in this thread. In Canada we were ALWAYS taught in Imperial Gallons - same as Troy Ounces and Imperial Tonnes, Don't mean to rain on your parade - but do get it right before openly criticising! El d
Comment by
AlwaysLong683 on Sep 30, 2022 12:06am
Just in case you still have any doubts, here's a page from the Alberta Energy Regulator quoting Western Canadian Select barrels in U.S. dollars per U.S. gallon. This is done because that's how Canadian oil is traded. Plus, it's easy to compare WCS prices with others such as WTI or Brent which are also priced in U.S. dollars per U.S. gallon.
Comment by
AlwaysLong683 on Sep 30, 2022 12:14am
One final note: OIl is obviously priced per barrel, not per gallon. One barrel of oil = 42 U.S. gallons.