Compounded
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Posts posted by Compounded
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That's the whole point. Who said anything about trying to make money?
In th HPC days of this thread many were of that opinion - including me.
I think, I hope, I am wiser now.
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It hasn't been a gamble for 4000 years. What makes you think it's a gamble now?
I hope gold is money and not a gamble and would be very happy if it manages to preserve my current spending power in the storm ahead.
History - few have made money with gold many have preserved their wealth through difficult times.
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Looks as if we are on the way to $1,200-$1,300 now. As for Turdling, it should go back on its way to under $1.00 now that it has briefly sniffed air in the $1.60 region. Silver could go to 40:1 or 35:1 with gold if this is the next major leg up.
Don't sell any, don't trade any. You got to be in it to win it.
Understand the fundamentals --> be with them.
IMO fundamentals are the whole system now is a huge Ponzi scheme - government finance, pensions, equities, bonds, banking and the paper money itself; get out hold money and wait.
Give it time, we may need to wait a long time
Gold is the only solid, tangible real money (it's value even survives civilization collapse) = you will emerge with purchasing power preserved and then you will have all about selling anything and eveything very cheaply because they have lost so much to the greatest Ponzi scheme in history.
Silver - risky - it's an industial commodity now but it may perform as money again in extremis if it does it will be a real winner and holding a bit makes some sense.
Ag like Pd Cu Pt Pb and a long list of rather useful other metals cannot be money in the recognized sense there is now too little reserve above ground.
Simply the bond holders cannot run to Ag there is not enough of it; they can run to gold.
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Er, most of them until fairly recently.
I was very tempted by a nice golden guinea at a local auction recently, but it went for more than I could justify paying.
A golden guinea must have quite a bit of numistic value and it's probably much more valuable than it's intrinsic scrap gold, I am not sure what happens to the numistic value of gold coins in a gold boom. does anyone?
The British museum has a brilliant collection of ancient coins far better than the BOE museum if you are interested in that stuff (electium, silver pennies, roman, coppernose etc.) it is very stuffy not at all suitable for kids but its the best museum in the UK if you are very interested in the subject IMO.
yeah thanx for that!iron running out in 2087. well I never.
reminds me of that picture of the huge copper nugget Chris Martenson uses in his crash course to demonstrate resource depletion.
The Iron page was wot came up in google - the search was a chunk of text from the original post.
Too many people --> too much demand and running out of things seems to be the the gist of this thread - I fear Maltheus could be right in the end.
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Has there ever been any UK coins that have been gold / silver in the UK ?
Gold sovereign and half sovereign pre 1914 were in circulation.
All "silver" coins were sterling silver .925 before 1920 and then 0.5 up until 1946.
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what were the first two?
I wondered that too a google came up with this list
http://terresacree.org/feranglais.htm
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I am not one for posting overtly positive articles on gold with little analysis (aka 'ramping') but a paragraph from this one caught my eye:
http://www.marketoracle.co.uk/Article10711.html
I am very positive on the precious metals complex. However, the worst possible approach for anyone is to be overcommitted and borrow money to leverage their position. If you do that you are almost guaranteed that you will sell when the first or second violent shakeout occurs. Be assured that a parabolic rise will have violent shakeouts. The best pros, the big talkers, the wonder boys, the super duper traders down to the last person all can be shaken out by violent corrections when they are over committed. They are often overcommitted. That is what causes the violent fluctuations! Do not play their game.
A modest commitment will be in a position to make a small fortune. I do not recommend “going for broke.” There is no need to do so. Those who go for broke usually succeed - at going broke.
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funny thing is I have (coughs) taken out a loan to do the very thing the author warns against; not on a dangerous scale you understand, but nevertheless I am strongly considering going leveraged
Invest in gold with no debt = use it as a medium to save - use it as money - it's historic role the function it performs best.
Houses became an investment --> an unfolding disaster.
I somehow think gold does not want to be an investment with all the trouble of bubbles and busts - free market money will I hope remain money, I think the invisible hand of the market will keep it so.
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There's one eventuallity that we gold bugs must consider. What happens if whoever controls the gold price controls the reserve currency. By this I mean, could the Yanks (after some major persuassion) hand over the manipulation/management of the gold price to the Chinese? They would get their Yuan as part of the SDR and the yanks will become like the Brits e.g. free to print as much paper notes as they want and not worry about the POG.
May buy some time for all the fiat money masters; I will only put my trust in Gold!
Many have preserved wealth by holding gold through incredibly difficult times.
Few have made a fortune by holding it.
What else could you expect from holding money?
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Wonderful stats!
I have edited the chart, to make this:
A chart that should keep every UK homeowner and every UK Prime Minister awake at night !
The UK is truly bankrupt if incomes fail to rise alot, and/or we do the "normal" overshoot on the downside.
Logically the over shoot should be proportional to the boom.
+ There is nothing like dispair now
+ Capitulation is nowhere all I see is hope of return to normality and that "normality" is reckless lending consistent with peaking credit in Kondratiev autumn.
My conclusion we are in a property bull trap.
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I have just found this apologies if iit has already been posted
http://seekingalpha.com/article/133523-gol...k-market-bubble
It’s been quite a while since my last contribution to Seeking Alpha, but amidst the vast economic turmoil, there is yet another bubble is brewing. Here’s how you can profit from it.
In order to understand the fundamentals of this trade, we need only to review the headlines of the last few months: .......................
Upon closer examination, there is what appears to be a massive inverse head and shoulders in the final stages of forming. Given the fact that we just broke that downtrend on the daily chart, could we finally start to see that right shoulder form? We’ll see what happens, but if it does form, gold would be on the verge of an absolutely massive break above $1000.
All we can do at this point is and see if it happens. A break above $1000 in gold would seemingly correlate with another leg down in the stock market, not to mention a crash in the dollar, both of which I believe will happen
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Very interesting pdf, thanks for posting
+1
These figures make it look like the HPC has a long way to go in the UK.
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Just been talking to a woman who now lives in Oz but is back in the UK to sell her house and get free medical treatment. She complained about the stress of selling her house, which she doesn't want or use and is paid for. She is 61.
"Have you not had any offers?"
"Yes, buy a hundred grand under what it really worth, well, was a couple of years ago. I mean where am I going to make up that hundred grand at my age?"
Pause.....
"I thought you said it was paid for and you live in Oz?"
"Yes."
"Well how much have you got it up for?"
"479"
Longer pause!.......
Doctor again: "Look, you don't come from a rich family, isn't 379 grand to spend at 61 more than you could have hoped for in your wildest dreams when you first got married?"
" Yes but it's not fair. They have to get the housing market going again. If it's not sold by November I'm renting it out. Sod it"
Nick
House prices are sticky - this type of thinking is the reason why.
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can they be classified as dangerous weapons
There is a truth in that quip that is depressing.
However, I do have a friend that uses silver cutlery and it's nice it is a much prettier metal than stainless steel and i am tempted myslef to use some of the spoons and forks I own unfortunately I have a dishwaher and silver is no good in a dishwaher it tarnishes badly.
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I have bought Ag spoons and forks from ebay in the past at about spot and a couple of engraved trophies at below spot but this is a time consuming way to aquire silver.
I do however think silver in this form is the least likely to be confiscated.
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has anyone got a graph showing the ratio of house prices to gold over the last 200 years or so? ive tried to find one but have struggled. tia
Try googling Herengracht Index, it is mentioned also in Bubbs post #24 in http://www.greenenergyinvestors.com/index....racht&st=20
The only long term HP index I know but it's not gold.
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How silver kills bacteria.
Bacteria and fungi have an active enzyme system on their surface that pumps oxygen into them - silver blocks this and they suffocate.
We do not have or need this because our cells all live in a highly contolled environment which is high in oxygen - oxygen simply diffuses into our cells and so no active mechanism is needed.
Anti virus - a virus is simply a piece of dna that takes over a cell turning it into a factory for more virus, usually in this process the cell reverts to a more primative form with the oxygen pump - it therefore becomes suceptible to silver.
Some bacteria do become resistant to silver but this is much less of a problem than with antibiotics.
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Gold suddenly jumped up as you spoke cg!
I usually have a cast iron rule that I follow. It is "Don't let others do your thinking for you". It has served me well in the past, but I have made an exception for you cgnao.
Thanks.
+1
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Last time I ordered from CID, the courier left my silver with my neighbour. I don’t want my PMs in my neighbours flats. Not even for a few minutes.
If I miss the Bairds delivery, it should go to the Royal Mail sorting office for me to collect. The prices for small bars are smilliar
My money is at Nationwide. I think Nationwide can receive fast payments but not send them (yet)
All I can do is pay and keep my fingers crossed.
Bairds use the post Office for delivery and i have never had a problem with them, the postman knows me by sight if i am out when they deliver I can pick it up at the depot.
CID use a different courier I think it's UPS - they are hopeless - they were unable to find the address once - the first i knew about it was when Sonia rang me to tell me the coins had arrived back in Germany.
CID have silver Britannias in stock.
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My source informed me that a co-ordinated intervention is being organized in the gold market.
Don't sell. Buy later.
I will
ps Sorry if I get fustrated with you - it seems to me you know more than you tell.
In one generation, people have been fooled out of their gold. For thousands of years gold is universally known as money. For King and country people are encouraged to leave their gold with the BofE and use paper vouchers instead to help the war effort and now most think gold is a commodity, something plated onto hifi plugs and quite useless otherwise, except jewelry.You got it
feels good!No no no high gold price is the sign of trouble - owning gold will protect a bit -- we all would be much better off if gold were not a good investment.
Whatever they do can't hide the fact they are now printing more money than people can count.Most people don't even know how many zeros a trillion has. We are all freeking doomed- some more doomed than others.
Another smackdown is another buying opp.
Agreed
I remember my first coin. £490 (including commission) --- I wish I borrowed money to buy more gold back then... seems really cheap now that its £697 ( excluding commission) - but still, i am afraid to borrow to buy at this level, which may seem cheap next year.I have to say a big thank you to being educated in the ways of gold, as I already have made a very nice return - on such a small stash.
+1
I found GF on HPC and have all my physical at less than £400, if I had found cg on MSE I would have had it at sub £200.
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Buying through the website and paying by BACS transfer takes about 3-5 days. Delivery was around £12 last time I ordered.
I paid by internet banking which is BACS (I did not know that prior) , I too was very happy with the service.
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IMF confirms plans to sell 403 tonnes of gold.
IMF confirms plan to sell 403 tonnes gold
Any of the more learnered posters care to comment on the significance of this proposed gold sale? Will this be the start of a further sell of of UK gold by Gordon Brown?
They have threatened this over and over again, it's a positive sign a sign that the cartel are running out of ammo.
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Regarding the London Mint Office coins...
You are not buying a normal Sovereign here folks;
"Specifications
Description: King George V last circulating type gold sovereign, minted 1911-1925
Quality: Exemplary - similar to that shown
Weight: 8 grams
Size: 22mm diameter
Metal alloy: Gold, 22 carats pure (.9167)
Obverse (portrait) designer: Bertram Mackennal
Reverse (St.George) designer: Benedetto Pistrucci"
These are metal alloy with 91.67% gold not the 99.99% or whatever you normally get
Normal sovereigns are 22k, pure gold is too soft and would wear out too fast to be used for a circulating coin.
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Goldmoney has a new look!
https://secure.goldmoney.com/en/index.php
Glodmoney.com hasn't caught up yet
It changed at 10pm I happened to be on the site at that time.
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Trying to be constuctive, Kers charts would be welcome if he said "this is what I think charts suggest, but this is what I think long term due to fundamentals". If he was clear on what his veiws are regarding the big picture then we might be able to see if he has a bias with his charts. His bais seems to be gold negative based on most of his posts. Im sure he is reading these comments and I welcome a comment from him in response too these posts.
Ker, if you are long term gold bear then you would find a greater audience at hpc with youre charts.
If you are short term bear then explain how you think short and medium term fit into a bullish long term view.
I personally like your charts, all the pretty colours and lines look nice.
Fundamentals will out, the fundamentals with gold are good now and short term trading in the stuff is for idiots or those much cleverer than I could ever be.
I was asked tonight what is my exit strategy with gold - I said you don't sell your insurance policy.
Is that right?
yeah thanx for that!
Silver is being used in deodorants ! 
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
I contend there are few like you - though probably there may be a substantial percentage of posters on a gold investment thread like this!
Congrats not many got gold at £250 per oz - I did not get it until £360 (and that is thanks to randomly finding GF a German with family memory of currency collapse on HPC) and I did not move the pension which represents real money for me until the 400's.