Pixel8r

GoldMoney is based on the Channel Islands, PMs held with them can be stored in insured VIA MAT vaults in London or Zurich. The confiscation I think was compulsory purchase in the US, I don't think there has ever been confiscation in the UK and definitely not on the Channel Islands. Here's a email response I had from James Turk on the subject;

If the government ban dealing in gold, where would you sell your coins? I think GoldMoney is a better option, as it will be a lot harder for the UK government to stop transactions in the channel islands. Also currently you can still buy at the spot price + commission.

Incase anyone missed this on the Gold versus Silver thread. ------------------------------------------------------------------ Here's an article by Ted Butler on the merits of swapping gold to silver currently. An Exceptional Opportunity - Ted Bulter commentary - 7/10/08 When fear and emotion run high, as they presently do, it often creates exceptional profit opportunities. In other words, when everyone is running scared and is concerned about risk, it is precisely the time to look for rewards as well. We are currently positioned the best I have ever witnessed for risk and reward in silver. The downside looks extremely limited and the upside looks explosive. Yes, volatility is great, but everything is lined up perfectly. I would like to revisit a familiar theme - the suggestion that gold-heavy investors take advantage of the extreme undervaluation of silver compared to gold. This is not intended as a knock on gold, or a suggestion that gold can’t or won’t go higher. It would not surprise me if gold moved much higher. I hope that it does. Then why would I suggest that gold owners convert some of their gold into silver? For the simple reason that silver should climb much higher in value than gold. Maybe two or three times, and perhaps much more. In fact, if silver eventually reverts to its historical ratio of 16 to 1 to gold, that means silver would have outperformed gold by more than four-fold. At that rate, every dollar invested in silver would return four times more than a dollar invested in gold. What are the chances that old ratio could return? Quite good, I think. [continues] The article also includes another below it, which seems very bullish for silver. COMING ON STRONG By James R. Cook I talk to silver analyst Ted Butler every day and lately I’ve never heard him give a more optimistic view on silver. About eight years ago he affiliated with my company and we’ve literally had thousands of conversations since then. Never was he willing to put his predictions in any kind of time frame. Now, in our private conversations, he’s telling me this is it. A price explosion is imminent. He may not want to go public with that bullish forecast, but with me it’s different. He claims the shortage in silver must now worsen and the price rise high enough to change the dynamics of silver forever. The one thing he always told me for the past eight years was that before the big upward explosion took place, the price would be crushed. He said the big shorts would be among the first to notice a shortage in silver. They would then do everything in their power to extricate themselves from their short position. They would manipulate a big sell-off so that when those who held silver on margin were forced to sell, they would buy back their silver and thereby reduce their short position. They could never cover all of it, but they would make their short position more manageable. They would still be trapped and suffer losses when silver rose, but they would only lose a toe and not a foot. [continues]

I know that goldmoney is audited quarterly and the results are always accurate to the amount claimed. Here's their latest report; http://goldmoney.com/en/report.html

The other problem you would have if you removed gold from bullion vault is that you would have to have it re-assayed when it is time to sell.

iGold is just quicker and has all the info you need. Has metal prices in US, Euro, Pound, Yen & Aus Dollar. Shows the live price, as well as the percentage increase/decrease. You can access kitco or INO charts for 1 day, 3 day , 1 month , 6 month & 1 year. Well worth the price I think, £4.99 or $7.99.

You should download the iGold app for iPhone, it's really good, gives live gold, silver & platinum prices and kitco graphs. http://www.sollico.com/igold.html

Where was your quote from? have you got a link?

We Are in the Sixth Inning - James Turk As we begin this year's fourth quarter, it may be useful to step back from the trees and take a look at the forest. The big picture is shaping up pretty much as expected. In my February 1st alert I laid out my expectations for this year, specifically that "2008 is shaping up much like 1974. There are many similarities. These include rapidly rising inflation and growing monetary problems not only in the States, but across the globe. In fact, the last serious global credit crisis before the present one occurred in 1974...If history is any guide - and I really do believe that it is - then the current banking and credit crisis is going to get much worse before it gets better. Years of imprudent reckless lending are taking its toll on the global banking system." Six weeks later in my March 16th alert I re-emphasized this point noting that the events then unfolding "adds more support to my view that 2008 is shaping up like 1974". Given the several months that have passed, it may be more accurate to say that the parallels are closer to 1932 because the wealth destruction today is far greater than occurred in 1974. I didn't live through the banking and monetary turmoil in 1932 as I did in 1974. But I have studied the 1930s closely, and events are evolving today as they did back then, with one major exception. The tremendous wealth destruction we are witnessing today is inflationary, not deflationary. The wealth destruction during the Great Depression led to deflation because the dollar was on a gold standard. As the economic and monetary situation deteriorated, promises were increasingly broken, which made financial assets of all sorts suspect. So people moved wealth from financial assets into tangible assets, and the 1930s deflation was the inevitable result because people converted their dollars into the safety of gold, which forced a contraction of bank balance sheets. Consequently, the money supply contracted. Today of course the dollar is no longer formally linked to gold, and the money supply continues to soar at double-digit rates. Inflation is the result. After all, despite all the wealth destruction we are seeing today, where's the deflation? Who can honestly say that their cost of living is declining? Even though the price of gasoline has dropped recently, its price is still far higher today than a year or two ago. The point is that the cost of living is rising. The dollar is being inflated, and given the way the Federal Reserve and central banks around the world are printing money, it is quite clear to me that inflation is going to get much worse. Politicians and government authorities alike continue to ignore one crucial fact. Many banks are insolvent, including some of the world's biggest. So the continuing efforts by central banks to add liquidity does not in any way make these banks solvent. As a consequence, the core problems of the crisis are not being addressed, and perhaps even being impeded from resolution because the half-baked ideas of governments and their captive central banks seemingly ignore this stark reality that so many banks are insolvent. So while much of the financial crisis is behind us, we still have a long way to go. To put it in baseball terms, I think we are in the sixth inning. The worry though is that I fear this game is going into extra innings. So continue to 'batten down the hatches' and avoid counterparty risk. The best way to do that is to own gold and silver. As the following charts show, they remain in bull markets. Throughout the world, as people are becoming increasingly fearful about their 'money in the bank', sound money is becoming an increasingly important safe-haven.

In out shake it all about. The VIX hit a high yesterday and is down 15% today.

Dan Norcini says trying to make sense out of chaos in these markets is futile. http://www.jsmineset.com/cwsimages/Miscfil...ld1230pmCDT.pdf

Where gold is headed in the next 6 months Marketclub video on what they think the action in gold will be for the next 6 months.

And more importantly the Gold/Silver ratio continues to improve and is now down to 67.

I agree with a lot of what you say, I do think we are going to be seeing both. I was just getting a bit fed up with the talk of the industrial metal silver going to $6. I believe there has already been hyperinflation in house prices/credit over the last few years. Now with their latest bailout plan, the credit created by that hyper inflation is not going to be allowed to deflate, it is to be kept in the system with newly printed dollars.

The supply of money has never been increased at such a rate before, $300 billion created on Thursday/Friday by CBs. Their latest bailout plan is to bailout everything! Wake up.

Here's an interesting radio interview with John Williams of shadowstats.com with Jim Puplava He sends this one out to all the neo-deflationists (wrongmove/magpie are you listening) http://www.netcastdaily.com/broadcast/fsn2008-0920-3a.mp3

He was only saying the other day on CWR with frizzers, that he hadn't noticed any shortages in 1000 oz bars yet, except one possible hiccup.

Agree completely, I was a bit surprised on reading it by her.

Prefer cash instead? British Bulls have a daily Buy confirmed today. BUY-IF is confirmed by a white candlestick with a higher open. The buying price is taken as today's open ( 8,591.0 ) according to the Rules of Confirmation. The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. It opened today with a gap-up and the day’s activity resulted in a close higher than the open. This is one of our valid confirmation criteria. The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.

I was wondering the same, but also wondering how would be a good way to buy.

Sorry I missed that thread, thanks for drawing it to my attention. I swapped twice once at 62 and again 72.

I have been watching the Gold:Silver ratio chart and the USDX chart. I have noticed recently that the movement in G:S ratio appears to be around 4 days behind the USDX, and have been swapping Gold for Silver via GoldMoney. I swapped at 72 and am hoping to change back at around 45. Is anyone else doing this? Check the charts out;

Does anyone else have an iPhone? I have recently been using the new iGold app for the iPhone or iTouch. It's very good way of getting up to date prices and charts. http://www.sollico.com/igold.html Here's what it looks like,

We are almost there, so far $84.50 up today.

GOLD 813 + 4.39% SILVER 11.13 + 6.11%