Undertaker

Any worthwhile goldminers in the UK market?

Thanks Wren, this is massive!!!

There was talk on this board early last month about another bank failing, even CGNAO got involved. Did anything come of it? Obviously no one big.

CID may ba a few quid cheaper, but if you want to buy sovereigns and britannias, for example, goldline has a much better choice. Also you are buying from a long established U.K. dealer, which is the country's biggest refiner of PM's, you can store gold with them, as well as being able buy and sell in person, which you can not do with CID.

 

IMO the advantages of having an established buying/trading relationship with Baird & Co and supporting a U.K. company outweighs CID's slightly lower prices.

 

Also I would highly recommended you have a listen to the Commodity Watch Radio podcast, which Tony Baird is interviewed by Dominic Frisby. It will give you an indication of Tony Baird's knowledge of the gold and silver market and his high standards of integrity.

 

http://www.minesite.com/webcasts/commodity_watch_radio.html

 

The podcast is entitled - A Healthy Dose Of Reality? Tony Baird Of Baird And Co - 19th November 2008

 

Which is also currently number 24 on the list in pod bean window on the above web page.

Thanks everyone for the advice. Britainnias were actually cheaper on goldline.co.uk than CID over the last couple of days.

Is goldline.co.uk reliable? They are offering some good prices on their sovereigns at the moment. Previously were much more expensive than CID.

Should you join the gold rush?

http://news.bbc.co.uk/1/hi/programmes/moneybox/8250580.stm

Another of Bubb's occasional and sometimes- right WARNINGS...

 

Gold may be done here - Be careful

There's some "nice symmetry" for a top here

http://www.greenenergyinvestors.com/index.php?showtopic=6677

 

If I am wrong, you will get a breakout soon, and it will come with fresh volume.

You do yourself an injustice Bubb, you are right a bit more than occasionally.

Anyway, do you buy the hold some gold as an insurance arguement? Do you personally have any? I recall on another thread you stating your aim was to accumulate canadian dollars to buy gold in June/July, is that still the case?

Thanks for all the good work.

People are very slowly starting to wake up to the monetary holocaust that is waiting for them.

 

http://www.bloomberg.com/apps/news?pid=206...&refer=home

They were quite competitive on gold coins in January, but jacked their prices up a lot. I am sure that accounted for part of the surge. For instance at one point you could buy a sovereign for cheaper than on CID.

Something like get out of silver. A real Silver Sammy sighting. I remember thinking the bottom of this recent correction might be soon.

 

I'm getting a bit worried that we may not see gold and silver fall much more. Worried because I have been holding back some cash waiting for further correction.

What was the justification for wanting to get out of silver?

No hurry. This down trend is not as steep as previous ones due to investor concerns about inflation. We might have to wait some time for 650.

What do you think will happen to the pound in the mean time? If Brown continues with his economic miracles, gold may end up more expensive in Sterling terms.

http://www.telegraph.co.uk/finance/persona...age-scheme.html

 

 

 

I’m surprised that National Australia Bank Group (Clysdale + Yorkshire Banks) have joined the scheme. They appear to be the only non-nationalised bank taking part.

May be they are about to get some government help? Time for a short?

I am "G0ldfinger" on here, "gold-finger" on GIM, and I was "Goldfinger" on HPC (a long, long time ago), and that's it.

 

I wish I had lots of Euros, because then I could buy lots of Pd, Ag and Au!

I was sure it wasn't you!

Shame for the bullion vault goldfinger that he has not listened to the real goldfinger. Your advice is much appreciated.

My username does not appear in the audit.... What do you think? Have you checked to see if you appear in the audit?

It seems Goldfinger (on bullionvault) does not have much gold just 0.03kg, but lots of euros!

Bullion Vault seems a lot cheaper for gold than Goldmoney. What advantage does Gold Money offer?

The last I saw they cost exactly the same. I prefer Zurich.

 

I think you meant to write 600 million dollars?

Went for London and gold.

Probably no point in changing over for now. Will get my silver in Zurich for sure. Just waiting for dips below 8 pounds.

Just a observation but is the last 3 weeks

 

ATS Bullion sent out a news letter regarding Brits being in stock and you better hurry before they are all gone.

 

Goldline has dropped its premiums

 

And today CID sends out a special offer email on 1/4 oz's

 

We are entering the " Sell in May and go away " time of the year.

Spot has been trending down for a little while.

 

It looks to me like these guys are trying to thin the stock a bit at the current slightly higher price before the summers lull starts.

Good observation. Or could it just be that the market is becoming more competitive?

Any difference in goldmoney holdings between Zurich and London? What do people plump for?

I was checking out their site, as I will be opeing my account this weekend. They have 11380 accounts with 600 or so billion dollars of gold/silver/currency in. Works out about 50 thousand dollars per account.

What he means is that a price range of $500-$1,000 is a superb buying opportunity given that the more conservative calculations for equilibrium prices range at $5,000-$6,000. As usual, the market will overshoot.

Fair enough. I tend to agree, although hopefully will get more at the lower end of the range!

A shame they didn't also consider the major West European economies: Germany, France, the UK and Italy.

 

Don't these four outweigh Japan plus China in terms of GDP?

 

I get the feeling that many people are increasingly overestimating Asia, or at least underestimating Western Europe.

 

Culturally the central source of nearly all that people call "modern science, technology and medicine" is Western Europe: the U.S.A. and Canada are largely cultural outgrowths of Western Europe.

 

And contrary to the beliefs of many Americans, a lot of the most important inventions are from Europe (for example, the internal combustion engine developed by Belgian and German inventors).

If you look at medical research, then Europe is really beginning to lag behind China. There are far too many constraints here compared to over there. The American position on stem cell research set them back considerably. So whilst historically you are right, the future will be much different.

Price is irrelevant. Just buy bit by bit, month by month. I am buying at $900, $800, $700, or anything higher or lower. Gold is gold.

Surely price is relevant? Are you telling me your behaviour would be the same at 6000 an ounce as at 600 an ounce?

I only hold physical, to which I count my GoldMoney and BullionVault accounts.

Thanks. I am going to open up a GoldMoney account, better late than never.

Some time ago I could have sold some gold and silver to pay my wife's student loan. Instead I said "screw the Chinese" and fixed a low rate for 15 years.

Thanks Mr. Wen!

Are you purely in physical goldfinger? Do you have any in goldmoney?