News around the World

It is the first time that the extreme wealth and extreme poverty have increased simultaneously for in 25 years.

The extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years. The world’s wealthiest residents, which are around 1% of the global populations have been getting far richer. The wealth accumulation of these super-rich accelerated far faster than the rest of the wolrd else over the past two years according to the Oxfam’s annual report. Meanwhile, the many of the less fortunate are struggling.

The wealthy are benefiting from the policies during the pandemic these two years. At the start of the pandemic, global governments, especially wealthier countries, poured trillions of dollars into their economies and stock markets to prevent a collapse. That prompted triggered tocks and other assets to soar in value. So much of that cash ended up with the ultra-wealthy as well as taxation weren’t not in place. Therefore, the riches become richer during the pandemic.

Narrowing the gap between the rich and the poor will be one of the great challenges in the post-pandemic period for many governments globally.


image source: https://www.pexels.com/zh-tw/photo/4386156/

Collections, Online Store

The Royal Mint | James Bond 10 oz Bullion Silver Bar Minted | 007 NO TIME TO DIE

  • The world’s first James Bond precious metal bar
  • A limited production run of 6,000 ten-ounce 999.9 fine silver bars
  • .9999 Fineness

Source: https://www.royalmint.com/invest/bullion/bullion-bars/archived-bars/james-bond-10oz-silver-bar-minted/

Collections, Online Store

The Royal Mint – The Royal Arms 2022 1oz Gold Bullion Coin

The Royal Mint – The Royal Arms 2022 1oz Gold Bullion Coin

This will be the final year of Royal Arms bearing the effigy of Queen Elizabeth II struck by The Royal Mint.

The effigy of Queen Elizabeth II appears on the obverse in a design by Jody Clark in 2015. The face value of “100 pounds” and Her Royal Majesty’s name are displayed around the circumference.

The collectors around the world assumed the effigy bearing on the coin will be changed to King Charles III in 2023 version. The last version of the Royal Arms bearing the Queen’s effigy will be one of the important collections for coins collectors worldwide.

The reverse side of the 2022 1 oz Silver Royal Arms Coin features the modern Royal Arms of England, designed by celebrated artist Timothy Noad. The design represents the United Kingdom in its entirety.

The Royal Arms can be seen on some historic buildings, UK passport and many different official documents.

Source: https://www.royalmint.com/invest/bullion/bullion-coins/gold-coins/the-royal-arms-2022-1oz-gold-bullion-coin/

Investment

Robert Kiyosaki said this is the “last chance” to buy gold and silver at “these low prices”.

The best-selling author of “Rich Dad Poor Dad” Robert Kiyosaki said that this may be the last chance to buy gold and silver at such low prices as the market wrap up a very volatile year.

He forecasted that the low of the gold market will be around USD 1,800 per oz and silver will be around USD 24 per oz.

Robert Kiyosaki is a big proponent of holding gold, silver, and Bitcoin in a portfolio. He suggested his Twitter followers that the current price levels might be the cheapest option to buy precious metals before the rally kicks in.

News around the World

Qatar signs deal with China to supply gas for 27 year

The recent volatility of gas supply since the Ukraine war has driven country leaders to understand the importance of having long-term energy supply.

QatarEnergy chief Saad al-Kaabi said that they are happy about the firm signed a 27-year sales and purchase agreement with Sinopec of China. This agreement is the longest in the history of liquefied natural gas deals and an important milestone for North Field East Project. The North Field is part of the world’s biggest gas field what Qatar shares with Iran.

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Collections

Perth Mint – 1929 WA Centenary Medal and Sovereign Set (50 mintage)

Uniting the Perth Mint’s 1929 Western Australia Centenary Medal with a 1929P Gold Sovereign set, this prestigious pair forms a unique remembrance of the celebrations for the 100th anniversary of Western Australia in 1929, perfect for the avid collector.

Key features:

• 1929 Centenary Medal in Very Fine- Extremely Fine condition

• 1929 Gold Sovereign in Extremely Fine – about Uncirculated condition

• Commemorative set

• Prestigious timber case

• Mintage: 50

Product Specification:

Includes: The 1929 Western Australia Centenary Medal / The King George V 1929P Gold Sovereign

Year Date: 1929 / 1929

Metal Content (Troy oz): 32g Copper / 0.235

Fineness (% purity)/ Grade: Very Fine- Extremely Fine / 91.67

Maximum Diameter (mm): 39mm / 22.05

Story:

Founded in 1829

Although Europeans had contact with the west coast of the ‘Great Southern Land’ from the 17th century, European settlement did not take place until the 19th century. Indeed, it was not until May of 1829 that Britain’s Swan River Colony – renamed Western Australia in 1832 – was formally established. Celebrations were held for the centenary of Western Australia in 1929 and included the issue of the 1929 Western Australia Centenary Medal.

The 1929 Western Australia Centenary Medal

An iconic element Australian numismatics, the 1929 Western Australia Centenary Medal was struck at the Perth Mint. The obverse carries the portrait of George V by Australian artist Sir Bertram Mackennal – so well known from its employment upon Australian coinage from 1911 to 1936. The reverse carries George Kruger Gray’s distinctive, vigorous portrayal of a Black Swan, one of Western Australia’s most powerful symbols. Spanning an imposing 38mm, the 1929 Western Australia Centenary Medal is presented in Very Fine to Extremely Fine.

The King George V 1929P Gold Sovereign

The perfect partner for the Perth Mint’s 1929 WA Centenary Medal, this impressive set also comprises the Mint’s 1929P Sovereign – struck in the centenary year of Western Australia! The first of a 3-year-only type, the 1929P was the first to carry the Modified Portrait of George V and revised St George & the Dragon motif. Scarce in better grade, with so many coins lost or melted for the gold, this is your chance to secure the 1929P Gold Sovereign in Extremely Fine to about Uncirculated condition.

Source:

1929 WA Centenary Medal and Sovereign Set (perthmint.com)

https://www.downies.com/pm-1929-wa-centenary-medal-sov-set

News around the World

Rishi Sunak will be the first person of colour to lead the UK

Rishi Sunak, whose parents came to the UK from the East Africa in the 1960s, is of Indian descent. His father was a local doctor while his mother ran a pharmacy in southern England. Sunak studied at the exclusive Winchester College, Oxford, and Stanford universities. He is known for his expensive taste in fashion and has worked for banks and hedge funds including Goldman Sachs.

Sunak has also been scrutinized over the tax arrangements of his wife Akahata Murty, the daughter of an Indian billionaire. In 2022, Sunak and his wife appeared on the Sunday Times Rich List of the UK’s 250 wealthiest people.

Sunak stood by Johnson for a long time. However, he turned against him after Johnson’s slow act for the Partygate scandal. Thereafter, Sunak’s shock resignation let to Johnson’s demise. Johnson believes Sunak betrayed him by resigning from his government which triggering his resignation on July 7 this year.

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Investment, News around the World

UK Prime Minister Liz Truss apologized for her mini-budget

Ian Vogler/AFP/Getty Images

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UK Prime Minister Liz Truss apologized for her controversial mini-budget that crashed the UK Sterling, rattled financial markets and led to her firing her closet political ally. Despite of the huge pressure from the investors and party member, Truss insisted that she would lead her Conservative Party into the next general election.

Last Friday, Truss replaced Chancellor of the Exchequer Kwasi Kwarteng with Jeremy Hunt. Hunt then said that he would reverse almost all tax measures announced three weeks ago by his predecessor. Truss said it was painful to sack her “friends” Kwarteng as finance minister but said she stood by her decision.

Truss said that she still believed in the “high growth, low tax” formular she campaigned on to win the Conservative Party leadership in early September. However, she also recognized the UK was facing “very difficult circumstances at the moment.”

News around the World

Nearly 1 billion people had their of personal data leaked in China possibly

A massive online database in China apparently containing the personal data of up to one billion Chinese citizens was left unsecured and publicly accessible possibly for more than a year.

Those personal data was collected by the Shanghai police and stored in a database had been hosted by Alibaba Cloud. Both Alibaba and Shanghai police did not aware of this possibly data leak until last week. An anonymous user in a hacker forum offered to sell the data for 10 bitcoin and brought it to wider attention.

The anonymous user claimed the data included names, address, mobile numbers, national ID numbers, ages, birthplaces, and billions of records of phone calls made to police to report on civil disputes and crimes. As China is home to 1.4 billion people, the data breach of 1 million personal data could potentially affect more than 70% of the population. This would be the largest leak of public information by far.

The database which did not require a password possibly was shut down already. However, it is unclear how many people have accessed or downloaded the database during the 14 months of more. Experts are worried that this personal data leak might lead to extortion. Extortion of individual will often happen after data leaks. Hackers can even try to ransom individual using the leaked information.

 

Image source: https://cdn.cnn.com/cnnnext/dam/assets/220422142130-02-cyber-attack-cellphone-stock-exlarge-169.jpeg