Posted on December 22, 2018
On the London Metal Exchange today, as MB types this post, gold is trading at approximately USD 1,264 per Fine Troy Ounce (FTO). For those few HX followers who are not regular gold traders, one FTO is approximately equal to 31 grammes. That conversion rate is very germane to the amazing story that MB is about to tell, so please keep it foremost in your brains. In the frontal lobe perhaps, MB would most respectfully suggest.
Two days back, a mere one day after MB had dismounted his camel on arrival in the Irish HX region, having travelled overland (a-lá the Three Wise Men) from the dusty Arabian Gulf, MB came within a hairsbreadth of possessing a very large pot of the yellow stuff. Think Indiana Jones and The Temple of Doom. And were it not for a skullduggerous Leprechaun and the illest of ill winds, MB might well have landed a king’s ransom worth of glittering, shiny, USD 1,264/FTO solid gold.
Those who have previously succeeded where MB just now failed have informed MB that a pot of gold weighs in at some 50KG. Or 1,613 FTO. Or USD 2M.
But allow MB to explain a little more……………… Read More
It's a mad HX world!