Monthly Archives: October 2009

Expensive Kitchen Sink Repairs

During  Advanced Business Mastery I had the pleasure to meet Peter August  from Australian Bullion Company

Peter’s knowledge of Gold and other precious metals, his wealth of experience, and his stories about the mystical and precious metals he deals in, had us all amazed.

In the early 1980s, when the price of gold was around $400 per ounce, I was called to an elderly lady’s home to assist with a blocked sink. I removed all the usual cleaning products from the blocked drain; detergent, sponges and a nest of plastic bags.

Two of the plastic bags were surprisingly heavy to lift. I needed both hands and all my strength to lift these two bags onto the kitchen bench. Inside each of the bags was a gold bar roughly the size of a house brick. I felt like I was in Aladdin’s cave! The elderly lady was standing over my shoulder. She didn’t offer any explanation…. and I didn’t ask.

I went out to the truck to get some more tools to finish the plumbing repairs and when I came back in, the bags and their precious contents were gone.

Based on the standard mass of a gold bar and the price at the time, I estimate that one of those bars would have been worth about $160,000.

Meeting Peter reminded me of this incident. After retelling it to him, he pointed out that earlier this month (September 09) gold had reached a price of  US$1000 per ounce, and then estimated that one of those bars would have been worth at least US$400,000.

Not a bad mornings work.

Peter J August, Managing Director of Australian Bullion Company:

Holy S_ _t! A Gondoliers impressions

Today’s post comes courtesy of  the World Famous Venetian Gondolier, my mate Giovanni Giudice

I met Gio in the summer of 07 -08. He was visiting Australia, learning to surf and was escaping the Venetian winter because “business is slow”. Gio was staying in Coogee at the home of a client who funnily enough had a blocked drain. We hit it off straight away; I told him about places to visit along our beautiful coast and Gio in return told stories of the romantic city of Venice, Italy.

Invariably the conversation got back to blocked sewers and blocked drains and how different it would be to deal with a blocked drain in Venice, compared to being a Sydney plumber. Upon his return to Venice, Gio answered my question with a series of photos he took on the way to his gondola one morning.

Below are the photos he sent of a septic boat, pumping the waste from the Palace of the Bishop of Venice.

Gio Venice2

Gio Venice4

If any of our readers are lucky enough to be travelling to Venice, ask for Gio’s contact for the best gondola tour of that beautiful city.

A Sign of the Times?

A Picture paints a thousand words. We really enjoyed these photos, and hope you will as well….


Antimimeticisomorphism-Political Promises


Green Loans

Green Loans have been set up by the Australian Government in order to provide subsidised loans to assist in making houses more environmentally friendly. This is a great way to provide financial assistance to households to gain access to the resources they need to invest in energy and water efficient technologies, and hence reduce total greenhouse emissions from domestic households.  After undertaking a free “home sustainability assessment”, owners or tenants of eligible homes are allowed to take out a loan of up to $10,000 at zero interest in order to make the changes suggested in the assessment.

The assessment is carried out by a qualified expert assessor and will provide advice from the smallest behaviour change to major investments such as photovoltaic panels or a solar hot water system which can be installed by your local plumber. The assessment itself is also completely free and should only take around 1.5 hours. While only one green loan can be made per assessment, this loan can be used to carry out a number of different projects.

Funding for these loans is obviously limited so those interested should act fast. If you would like to be considered for a loan, book a Sustainability Assessment by calling the hotline on – 1800 895 076.

More information is available at