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wren

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About wren

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    Millennium man

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    Male
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    Finland
  1. wren

    SILVER

    It's interesting to note that the demand reasons for gold and silver were historically similar, i.e. as money and a store of value (often in the form of jewellery, ornaments etc.). It is therefore no surprise that their relative values were inversely proportional to their relative supplies. In this modern era silver has become an important industrial metal far more than gold. I therefore expect that the ongoing demand for silver is relatively higher, so the ratio might eventually go lower than the old historical equilibrium (less than 1/16).
  2. wren

    GOLD

    Some reckon that options expiry day (around the 26th) is a good time of the month to buy as gold often dips for that. This is useful if you are a monthly buyer. Of course, in any given month who knows?
  3. wren

    GOLD

    Good to see that GF is back posting. I have been posting your UK house prices in gold chart at HPC fairly often, hoping that some can see that the crash is well on in gold terms and will most likely continue. Looking at the PIxel8r lines chart, do people think this upleg is over or only half-way through? Pixel8r originally targeted 1300-1350, I think, if it played out like the previous years and we would at present still be only half-way through the full move. I'm hoping for a new high by the end of May.
  4. wren

    GOLD

    Kitco has tables of London prices back to 1996. You could probably copy and paste into Excel. http://www.kitco.com/gold.londonfix.html
  5. wren

    SILVER

    Many people are still mesmerised by paper money. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Doktor Mesmer says you can trust the dollar. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ (The $ symbol comes originally from silver, of course.)
  6. wren

    SILVER

    What he said about consuming 1/10 didn't seem to make sense. One of the comments tries to clarify:
  7. From: http://www.youtube.com/watch?v=rIVHNylH1Mk
  8. wren

    GOLD

    You can win an ounce of silver if you win the monthly gold price guessing competition at 24knews. The closing date is 15 Feb. Guess the price on Mar 5 London PM fix. Simply post your guess price. Here's the thread: http://www.24knews.com/viewtopic.php?f=2&t=188 headmelter won the Feb silver price guessing contest. I won the Jan gold price guessing contest. We alternate each month between gold and silver. The prize is a one-ounce silver Libertad or one ounce of silver into your GoldMoney account if you have one. On edit: Mar 5
  9. "Your ilk" isn't very rude. It means "your type".
  10. wren

    GOLD

    Thanks. By getting out of everything I suppose he means staying in cash which is being in something. Is he American? and I suppose his cash would be USD?
  11. wren

    GOLD

    Does he specify what he classes as "risky holdings"?
  12. wren

    GOLD

    Last month I won the gold-price guessing competition at 24knews. The prize was a one-ounce silver coin. I PM'd my GM account number to Pixel8r and he deposited one ounce of silver in my GM account from his GM account. It was the first time I received via that system and the transfer must have occurred within minutes.
  13. wren

    GOLD

    At both GM and BV the customer is the legal owner of the bullion he has purchased. GM or BV could go bankrupt and the official receiver could not steal the bullion from the owners i.e. the customers. Both GM and BV have stated this clearly. It's a central part of the service they provide.
  14. wren

    GOLD

    I was lucky to avoid the autumn 2008 plunge in silver. I might have started buying in quantities in the July but delayed and seeing the correction well underway in September I waited until November to start my purchases. Although the gold I bought in July 2008 was under water for a few months, an edifying experience.
  15. wren

    GOLD

    Just found this video at 24knews. It wonders why the Chinese government is encouraging its populace to buy gold and suggests that future monetization backing the yuan with gold is one possible reason. From:
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