So, earlier this week I decided to kill two birds with one stone (three if you count a duck) – give my family a rest from my cooking and do my bit to help get the economy moving again.
So, face mask on, I set off to fetch a take-out meal from our favourite Chinese restaurant. Deep fried crispy duck and Kung pao chicken all round!
As I strolled towards Mr. Lee’s, I pondered the changed nature of the West’s relations with China. How swiftly things have moved!
Five years ago, the then-UK’s Chancellor, George Osborne, was proclaiming that the UK was committed to being China’s “best partner in the west”.
The visit of the Chinese President Xi Jinping to London in October 2015 was lauded by the Chinese ambassador to the UK, Liu Xiaoming, as the start of a “golden era”.
At the start of October 2015, the gold price was around $1,142 a troy ounce, about £742.
Five years on and it’s all change.
No to Huawei’s involvement in the UK’s 5G plans, indefinite suspension of the extradition treaty with Hong Kong, and the US is considering banning Tik-Tok, the Chinese-owned social app.
The plight of the Uighurs, China’s repressed Muslim minority – drone footage of many blindfolded Uighurs being herded onto trains in China is readily available – has inverted the USA’s views of Muslims.
On 27 January 2017 President Trump, one of his first acts as President, signed an executive order banning citizens of seven predominantly Muslim countries from entering the US for 90 days. Now his ambassador-at-large for religious freedom, Sam Brownback, attacks China’s “pernicious” repression of its Muslim minority.
The gold price today is trading around $1,886, or about £1,482 per troy ounce. In five years that’s an increase of almost 95% in Sterling and about 61% in US dollars.
I don’t think I’m alone in feeling that the world has turned topsy-turvy, nor, thankfully that my idea to make gold available to everyone through Glint, was the best decision I’ve ever made. But as our world seems to get smaller and international relationships seem to be getting harder, I find myself, once again, thanking the heavens that my life-changing investment in gold has turned into one of the most reliable aspects of what I see around me.
I thanked Mr.Lee and smiled as I paid for my meal. Thanks to Glint, the crispy duck was made even tastier by being able to spend gold at the counter!
Till next week,