wren

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).

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?

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.

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

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

What he said about consuming 1/10 didn't seem to make sense. One of the comments tries to clarify:

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

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?

Does he specify what he classes as "risky holdings"?

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.

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.

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.

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:

Just the other day I read a post for a couple of paragraphs until I realised it was not DrBubb's own words but he was quoting an article. I always use quotes to indicate that the words are not my own.

At least GF provides some indication to us other posters what's going through his mind and gives people public warnings. He also said when he started as a moderator that those who swear at other posters could get a short suspension, so we know where we stand. On gold, today's 50-dollar takedown is something we need to get used to. Now that gold has been over a 1000 for a while changes of 50 or 100 dollars don't feel so big to me. I had a feeling a takedown was due after a few strong days. I added to my little silver coin collection and also some half sovereigns. I like the size of half sovereigns because as the price of gold goes up and up even one sovereign isn't exactly cheap.

What the ell.

Although the neurones of the light-receptors in the retina of the eye are wired the wrong way round. An interesting case of maldesign but the result of an evolutionary process.

TVs and bicycles are still in inches. Not areas I'm familiar with, but apparently boat lengths are in feet and wood is quoted in inches or was until recently (2 by 4 for example). At least flat and house sizes are always given in square metres which makes comparison quick and easy and in one's mind one can imagine the size quickly whatever the number of rooms. They should definitely introduce area as standard when quoting residences in the the UK and why not use square metres? That would make comparison with continental Europe easy too.

Cuthbert Calculus did an article for the Idler last year. I guess he didn't get paid in gold sovereigns.

It would be good if in the OP you put a link to the end of the last thread. So people can check the previous posts easily.

This has gold and silver in EUR (and USD): http://www.24hgold.com/english/gold_silver...aspx?money=Euro For longer term charts, below the charts click "Interactive Silver Chart" which will open a new window with a silver chart and some controls to change the time span and moving averages. Use the flags near the top of the page to change currencies. So UK flag gives you GBP.

VAT up from 15 to 17.5% ?

Yes, but only a limited amount, selling only up to 20% of the gold holding. Stocks might do better in the late phase of the bull market, but paper is more risky.

In the late winter or spring I hope to sell some gold and then maybe in the summer buy some gold/silver stock indices or stocks. So, of course, I'm hoping for a new high in gold from Feb to May and that gold/silver stocks drop prior to my purchases. I may get one of those, both if I'm lucky.

Poor Man's Gold is beneath Harrods.