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ConvertedGoldBug

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  1. Blimey... has everyone really deserted GEI ? That's not very helpful to the rest of us who valued their input. PS: I vote for keeping silver in its own thread.
  2. Combine them. I can't see the point of two separate threads about the same topic. Have one single thread, and just let whatever discussion occurs at the time dictate the direction of the topic. Otherwise, whenever there's any particular news item to report, it'll end up being posted in both threads (like sometimes happens here anyway), which seems a bit pointless.
  3. That's about the same price I started at as well, and to think it was only about 2-3 years ago!
  4. The bit in bold made me think... If governments chose this route to wipe out debts and devalue the currency, does anyone know, based on actual countries' debts, what ratios would actually achieve this? e.g. US 50:1 UK 75:1 What initial values would be used in a calculation to work this out?
  5. Went and collected them from the Post Office this morning... didn't like not knowing when they'd be delivered, or taking the risk they'd be sent back to the originator. Didn't like driving in these conditions though!
  6. I'm still waiting for mine to arrive. Ordered them over Christmas, but the guy at Weighton sent an email on the Wednesday before New Year saying he'd decided to wait until Monday the 4th to post them, with the excuse of the "pending bank holiday and weekend coming up". He could have dispatched them on the Wed/Thurs before New Years Day, then maybe I'd have had them delivered on the Saturday. So I get a delivery note on Tuesday because I was at work, and then it snowed and I couldn't go and collect them from the Post Office. Arranged a redelivery for today (Saturday), checked the status on Royal Mail tracking system, which says they are "out for delivery", but nothing turned up today! Have arranged for another redelivery for Tuesday, but I bet they won't arrive if there's more snow by then.... It's really annoying not knowing what's happened to my order! Especially when it could have been dispatched a day or two earlier with a simple trip to the post office.
  7. ETF Securities have two types of precious metals ETFs... one that just works on the price (and is backed by AIG ), and also physical ETFs, which are backed up by physical metals, and they use HSBC as the custodian. I know what everyone thinks about ETFs, and are sceptical about how much is actually held in relation to the amount invested in these products, but this may account for increased holdings of the metals in HSBC's vaults.
  8. I found this, and thought it was quite amusing regarding the idea that the best time to sell gold is when it hits the mainstream... http://www.powerswitch.org.uk/forum/viewtopic.php?t=10516 From the 4th post: Methinks there's still plenty of people waiting for the masses to tell them what to do...
  9. I thought recent 2008 Britannias were only minted to 2500 units (according to the supplier I bought a couple from at the time.) That doesn't seem like many. Does anyone know if this is true? Why limit it to so few? Is this a maximum number stipulated by a higher governing authority? Will there by any left to last throughout the whole year? Maybe they could be bring forward a new set for January, and have decided to make them official 2009 coins. Anyone? I'd like to get some more in January.
  10. Maybe Ker is an I.T. contractor, and was involved in writing their computer systems.... complete with some of his own "additions"
  11. Here's an interesting thread on the GoldIsMoney forums: http://goldismoney.info/forums/showthread.php?t=290835 Suggests that platinum has been included in a list of PM's that the US Government have suspended from selling, implying that stockpiles need to be maintained in case their usage is required for military action.
  12. Who thinks that this big drop in PM's and oil over the last few days (and the continual increase in the dollar) was engineered specifically because of the conflicts in Georgia? I mean, had there not been any intervention, the prices could have shot upwards on the threat of war, and that would have given the impression of further weakness in the US economy and caused more pain. Maybe they had no choice but to throw everything available to prevent this happening...
  13. I was thinking.... since the 80's, there's been a huge shift into stockmarket based investing, which was adopted heavily in America. Everyone has been brought up over the last 30 years or so, that the stockmarket is the best (only?) place to be if you want to stand a chance of making money and keeping ahead of inflation. Here in the UK, financial advisors recommend pension funds to invest in a mix of stocks, bonds and property. People tend to go along with what they're recommended. I wonder what percentage of this whole generation, used to one-way of thinking about investments, would suddenly think of switching into Gold, something that hasn't even been considered as part of a balanced portfolio before? Could take quite a radical shift in Joe Public's way of thinking...
  14. I was considering these a while back, until I came across the following article which kind of put me off... a kind of reality check about the pitfalls of trying to be too greedy (well, that and my lower understanding and familiarity of these methods). http://seekingalpha.com/article/35789-the-...-leveraged-etfs Excerpt from the article: A widely held misconception about these funds is that they will offer twice the return of the underlying index, which means that if the S&P 500 returns about 10% a year, then the SSO should return 20%. But that’s not true, because these funds only double the daily return, and there’s a big difference between doubling the daily return and doubling the annual return. What’s the difference? Let’s say that one day the market goes up 10%, and the next day it falls 10%. The two-day loss for the index is 1%, but the loss for the leveraged fund is 4%. Here’s why: Index: (1 + 10% ) x (1 - 10%) = 1.1 x 0.9 = 0.99, 1% loss X2 Fund: (1 + 20%) x (1 - 20%) = 1.2 x 0.8 = 0.96, 4% loss Thus over a two day period, this fund’s losses are 4x the amount of the index, not 2x. This example comes from the ProShares prospectus, and is a clear indication that investors in 2X funds should not expect their investment to provide double the return of the S&P 500 for any period longer than one day.
  15. That's a shame... It's a pity they don't list and show pictures of the older years coins they have abailable... those two are much nicer than the 2008 edition.
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