Lydus Co

04/04/2022

Exactly one hundred years ago it was still possible to swap a pound for a sovereign or a sovereign for a pound. Today a sovereign costs £360 so over the span of one long lifetime sterling has depreciated against gold to by 99.7%, almost a wipeout.

https://sprott.com/insights/the-metal-in-britains-coins-where-did-it-come-from-and-how-did-it-get-here/ #

Dr Graham Birch joined the Sprott Board of Directors and has in depth experience in asset management, especially in precious metals, having been responsible...

01/12/2021

In the beginning, there was the Big Bang, and time began.

And the particles formed in its aftermath expanded into the new universe and began to form atoms of hydrogen and helium.

But, as every analytical chemist knows, nature abhors homogeneity and gravity pulled atoms together in swirling masses that would eventually collapse to form stars, which if sufficiently large, ignited and ‘burnt’ by converting hydrogen into helium with the release of massive amounts of energy.

If a star is large enough, then towards the end of its life, the process known as stellar nucleosynthesis allows heavier elements, such as carbon, oxygen and all the way to iron (atomic number = 26) to be created.

But the creation of heavier elements such as gold (atomic number = 79) requires much greater energies. These are found briefly when very large stars reach the end of their lives and explode as supernovae. The resulting dust and debris, which contains most of the stable elements in the periodic table, including a small percentage of gold, can in due course be recycled into new stars and planets such as our own sun’s solar system.

The remnants of one such supernova can be seen in the constellation Cassiopeia. It is located in the Milky Way (our own galaxy) around 11,000 light years from Earth. The image shown here has been put together by NASA’s Goddard Space Flight Center by combining various types of spectral information from different telescopes: gamma rays (magenta), X-rays (blue, green), visible light (yellow), infrared (red) and radio waves (orange). The enormity of the explosion is hinted at by the diameter of the remnants (approximately ten light years). This is more than twice the distance from our sun to the nearest star.

Details;
Era: Pre-history

01/12/2021

The arrangement of the large gold bars in the Bundesbank’s vault is very different from that used in the Bank of England vault. In the case of the Bundesbank, it can safely be assumed that all the gold shown in this image belongs to the German state and that there will seldom be a need to move bars into or out of the stock.

The use of adhesive labels on the ends of the bars for identification clearly facilitates the process of auditing.

By contrast, in the Bank of England vault, only a relatively small proportion of the bars in the vault are held on behalf of the UK Treasury and most of the gold is held for other customers – mainly central banks (and to a lesser extent, members of the London bullion market).

Given the active nature of the London market, in other words based on the ability of the Bank’s customers to sell or lend their gold to the market, there are frequent movements of bars into and out of the vault. For this reason, the bars at the Bank of England are held on individual pallets that can be moved to or from the vaults using forklift trucks. Previously, every Good Delivery bar received by the Bank had a new number stamped on it, which the Bank used in its inventory control system. This has been replaced more recently by the use of a peelable label that serves the same purpose (and which can easily be removed when the bar is shipped to a commercial vault).

Detail;
Era: Modern Period

15/12/2020

Documentary on World Currencies, Dollars, Gold and Money: End Of The Road: How Money Became Worthless - Wall Street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone's lips: Is the financial crisis over, or are we headed towards economic disaster? End of the Road is a documentary that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WW2, to the current troubles facing us today, and to the possible future that may await us all. Some of the world's top economic minds share the hidden tale behind the mishandling of the world's finances, give insight into how bad policy and a flawed monetary system joined together to create a catastrophe, as well as sharing their own personal advice on how the average person can best prepare for their financial future.

Documentary on World Currencies, Dollars, Gold and Money: End Of The Road: How Money Became Worthless - Wall Street is being occupied. Europe is collapsing i...

17/10/2020

Gold and the AAOIFI Shari’ah Standard.

Silver Could Further Outperform Gold in Massive Metals RallyThe future of the world’s biggest economy is uncertain as social and political unrest keep growing. COVID-19 has ended the global economy as we knew it, and the pandemic continues to evolve. There aren’t many assets that will do well in...

17/10/2020

Nonetheless, the electrum, gold, and silver staters of Lydia are without comparison in any discussion on the origin of coins.

The Lydian Stater was the official coin of the Lydian Empire, introduced before the kingdom fell to the Persian Empire. The earliest staters are believed to date to around the second half of the 7th...