bonobo

Dr B, I would be interested in your reasoning for drawing that white descending line on this kitco chart. It seems to me if you plotted those 3 days of gold price action end to end (as they should be) then there would be no justification for drawing such a line. It is an artefact of the way the graphs are drawn with daily overlays that makes you see a pattern that is not really there.

edit: perhaps this will help explain my thinking:

Now you can draw your line between the blue and red "mountain tops" but there is no fit with the green data along that line.

Even better returns than property over the last decade? That would be gold, silver, and platinum

http://www.telegraph.co.uk/finance/persona...investment.html

GoldMoney are doing a customer/visitor survey at the moment, if you visit the homepage. There's a section to let them know what could be improved. As soon as I finished the survey I remembered that paying storage fees with metal, on which commission has already been paid, is something I've thought for a while they should improve - to be more like BV. Needless to say, I didn't mention it. So, if anyone feels the same way and is yet to take the survey...

 

 

 

BV silver: I got an email a week ago to say my account was enabled for silver. So if anyone doesn't have it yet, they might simply be phasing it in. You pay for Gross weight, not Net, so beware when comparing prices.

Just done the survery. Mentioned what you posted about the commission and also pointed out that taking delivery of gold from goldmoney (who use bairds) is more expensive than selling gold at goldmoney, transferring the cash back to my bank, then ordering direct from Bairds. don't hold out much hope for them doing anything, but why would I want to pay a premium for a 100g bar that has "goldmoney" stamped on it instead of "Bairds".

Increasing your options is never a bad thing.

 

They're a bit slow out of the gate with this IMO, they should really have tried to compete with GM when silver was around £7/t oz. They also need to catch up on the metal trading and the ability to take delivery of smaller bars which GM offer through Bairds. Either way I still think they're a very good company to deal with.

Last time I checked for a 100g bar of gold it was considerably cheaper to sell your gold at Goldmoney, transfer the cash back to your bank account, then buy the bar from Bairds.

I would be very surprised if anybody gets their physical through Goldmoney, which is a shame is it was something I was going to do till I saw the mark up.

Not sure what the situation is with silver...assumed it was still 1000oz bars only

anyone know what the fees actually are to sell coins on ebay ? presumably there's a listing fee plus a final value fee if you sell it. Is the % the same as selling some old toys or is it different for coins?

This site might help if you fancy filling in all the boxes:

http://www.ebaycalculator.co.uk/

You can't beat a bit of rage against the machine and a nice cup of tea, can you?

Quite like a bit of Senser myself...not sure how to embed a you tube vid tho. hey ho.

I am tireless, sub zero, comin' from the wireless

Won't be no scenery, no part of the machinery

I go on and on, but never below,

So now you see me and know

You can check it and go

'Cause I'm so bored

That I can't even pretend no more,

It's so pathetic that I'm rolling around on the floor

Laughing at one big gag

And every now and then they pull another rabbit out of the bag

of sad diversions, useless tedious excursions,

Roll into unrealistic, crypto-fascistic,

Comedy doctrine, kick the ballistics

Again and again and again, just say when

Ya had enough, sad enough or mad enough

To do something simple and kind,

Now is the time

A change of state of mind.

I am a loner, a zoner. I utilize the microphone

And if they try a tap I leave 'em hangin' on the telephone.

They're wasted, so wasted, so

They're waiting for the visitors so they can go and try again

On the next step, on the next one.

Come on and get some, jet some, static, solid-state, automatic.

Sporadic and random - 'cause nobody planned 'em.

Anarchy, free thought can't be bought,

So disregard the lessons and the shit you've been taught.

I'm saying it and now they're playing it to me

Larger than life every day and this is what they say:

Shut your mouth and get back in line

And if you don't like it -

Well it suits us just fine.

We pull the levers

We hold the strings

And these are just a few of our favourite things.

Learn the words of the company song

"White is right is right is strong".

Come on children all sing along

'Cause if you think you can change

You were never more wrong.

No f*ck that - you won't take me

You won't break me and you'll never make me

Step in line or step march in time.

Well you can violate my body but my soul is still mine.

You must think that I'm f*cking stupid, man,

If you think I'm gonna hang with the program,

Some fool schedule.

I don't give a sh*t about

What is or what isn't cool.

I make the rules, I stand alone

And if they try a tap I leave 'em hangin' on the telephone.

One of these days I'm gonna get sectioned,

I bet they even say it's for my own protection.

Rejection leads straight to correction.

Look out, here comes a strange injection

They've got a drug to numb my erection,

But they won't take this from me:

My state of mnd.

Looking at goldmoney's chart there doesn't seem to have been much of an increase on gold held this year. Silver has shown a steady increase during 09:

Aplogies if this has been posted before...

Gold over $1000 and still no gold bubble - Eric Janszen, itulip

http://www.itulip.com/forums/showthread.ph...0303#post130303

"Over the past ten years, thousands of Ivy League university trained money mangers, schooled in the “science” of modern portfolio theory, spent in aggregate hundreds of thousands of hours analyzing the stock market, rotating holdings from one sector to another, carefully selecting entry and exit points to maximize returns, costing tens of billions in fees, all to try to beat the horrid -8% nominal return of the S&P index over that period. Still few were able to mimic the 260% return on gold they could have earned if they bought gold at the start of each year since 1998 and then did nothing at all."

Completely agree. Gold is being "re-monetized".

 

Investors/ savers need to stop thinking of it as primarily a commodity, or an inflation hedge, or a mop for excess liquidity, in order to get with the program.

Does anyone ever read this blog?

http://fofoa.blogspot.com/

Hi thesis seems to be that, far from being re-monetized, it is in the process of complete demonetization from the dollar.

Quite complicated for my tiny mind but an interesting read never the less.

As a girl in Wales once said to me ,"Oh boy... this is gonna hurt!"

 

A strap on?

Thanks to notanewmember for providing that link. It serves to remind us that silver actually is precious - and many other important metals will be in short supply within a couple of decades.

 

I googled "copper nugget Chris Martenson" and found text where he talks about it. Does anyone have a link to a picture of this nugget?

Here's a decent size copper nugget...

http://www.mlive.com/travel/index.ssf/2008...nal_park_b.html

Also you will notice that 100 gram bars are 4% premium, 1000 gram bars are 2.75%.

just tried a trial run of the gold redemption process and delivery is £25 per kilo or part thereof. Poor value if you just fancy redeeming a 100g

is there a good place to buy thalers, or do you just get them at random places?

I got all mine from ebay.

Thanks. Are the prices typical at the time or did you get bargains? Looks like the 24 x ounce bars were a bargain at £100! Are you still buying or sold yet?

I think most of my purchases were at or below spot and all were buy-it-now items if I remember correctly. If someone chose to list silver below spot I'd gratefully swoop in and snap it up!

I haven't bought much in the way of silver recently - I picked up a few silver thalers (re-strikes of the 1780 maria thaler) a while back, as these are often available nearer to spot. I don't see much point in paying £15 plus postage for a 1oz silver coin or bar when you can get a 0.75oz thaler for £7-8. I've also bought scrap pre-47 uk coins, sterling silver reproductions of stamps, commerorative medals etc. Anything as long as it is near or below spot, really

Buying physical gold at the moment with silver held at goldmoney. Once you have a few kilos of silver storage becomes more of a problem. Definitely not selling at the moment though.

Ive been buying silver coins and bars since 2007. I have paid between £10-£15 an ounce and £300-£430 a kilo. I have seen the spreads vary considerably and changes in the rate of VAT from 9-19% and 17.5 down to 15%. So looking at the spot price over the years does not tell me how much the stuff costs in the real world!

 

So, what are the lowest typical prices you have paid for silver and when? Im talking since 1980. Im particularly interested in knowing how much silver coins were in GBP around 2000 when spot silver was $5 or lower.

Here's a few of my purchases:

sep 2004 5oz bars: £27.99, £28.50

oct 2004 10oz bar: £51.02

feb 2005 20x1oz bars: £110

Oct 2005 24x1oz bars: £100

mar 2006 1 kilo coin: £225

june 2006 1 kilo ingot: £225

jan 2007 5oz bar: £43.65

jun 2007 10oz bar: £75

all from ebay except the 1 kilo coin which was from Weightons. All the rest (a couple more kilos) I've picked up an ounce or two at a time so I've excluded those.

HTH

I was under the impression IMF gold sales require approval by the US congress. That would not have happened without word leaking onto the web I would have thought.

All my fault I'm afraid - stocked up at goldmoney this morning, then baam, gold down $20+

I just had a thought (don't laugh ).

 

Some of the popular small bullion coins are historical, circulated coins like British sovereigns, French 20 francs etc.

 

These are plain bullion coins because they are pretty common.

 

The question is, and I'm hoping some real coin expert (id5 maybe) could answer this, just how common are these coins?

 

How many Victoria soverigns are there in the world and how many Bonaparte 20 Francs, for example?

 

Are most of them still in existence or have many been remolded for other purposes?

Mintages are listed here for sovereigns - as it says, a large number paid to the US were melted down into bars.

http://www.cruzis-coins.com/sovs/Sovmintage.html#kgvi

HTH

I have noticed a reduction in the quantity of Gold coins that are available on ebay recently, and also the seem to be making a higher price at end of auction. Is this because sellers are on summer holiday and demand is outstripping supply on ebay? Or is this a change of sentiment? Are those with gold not so keen to sell and buyers paying over the odds? You can often buy gold coins cheaper from a dealer than on ebay, depending on quantities and postage etc. I got a sovereign for £105 last week but I think that was a fluke.

 

Regarding Silver, there is a reduction in the availability of bullion silver coins and bars on ebay. Not many eagles, maples, philharmonics, britannia's, ounce and kilo bars.

 

Is this the summer doldrums?

I noticed a couple of full sovereigns going for a BIN price of £100 each last week. If you keep an eye out you can often find a sucker who doesn't know the real worth of gold

Bought a half sovereign last week on ebay for £40. Madness.

gold taking a beating down to 988 on ING,

A nice chart from cgnao.. I can't post in HPC.co.uk anymore.

 

That chart suggests to me that each time an announcement has been made the POG subsequently hits the 50 day MA within 2 weeks.

Perhaps we are due a drop to 920-940 in that case?

Of all these I've made most money playing Blackjack, BUT you do have to play very mechanically.

same here...using the introductory and monthly offers. Up about 13k now, and tend to stick to a regular half dozen or so offers each month to bring in an extra 2-300 quid.

Easy money but very monotonous.