Jump to content

wren

Members
 View Profile  See their activity

  • Posts

    1,988

  • Joined

  • Last visited

 Content Type 

Posts posted by wren

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I believe BullionVault have its own internal bidding system too (although I have only used GoldMoney so far).

    It has a market board. So customers and BV itself place bids and asks and people buy and sell as they choose. Most of the trades at present are BV-with-customer (the counterparty involved is named (nickname) on the email confirmation and I have seen only BV as my counterparty over many trades).

     

    As bars can be withdrawn it is connected physically to the rest of the physical market which should keep arbitrage down.

     

  4. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Taxi ride today in Auckland New Zealand

     

    Taxi driver tuned into one of the talkback stations that runs spruiking advertorials.

     

    leveraged gold investment ad caught my ear. Spend $10,000 and get leverage to 30,000 worth of gold. Yada Yada Yada.

     

    Sounds like its getting bubblicious

    Public awareness has to start sometime.

     

    Very much at the beginning still in my opinion.

     

    Thanks for that interesting anecdote.

     

  7. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    0.8% on silver too? That's very good compared to GM - I think that's worth opening a BV account for, in fact! I was having a chat with my father about which is best and this may swing it for BV.

     

    BTW, is their a thread comparing the two anywhere? I have a GM account and I'm very pleased with it, but would be good to know about other experiences.

    That's what it says in the email quoted above:

    #1. Silver Dealing Commission

    Runs independent of gold, but is charged at the same rates. So

    you'll pay 0.8% on your first $30,000-worth of silver, 0.4%

    on the next $30,000 and so on, regardless of your gold holdings.

     

    #2. Silver Custody Charges

    Also independent of gold, but slightly higher, because silver takes

    up more physical space in the vault. You'll pay 0.04% per month on

    the silver you hold (minimum $8 charge). The annual rate is 0.48%.

    Comparisons are probably scattered through different threads. It would be best to read the guides to each thoroughly and compare.

     

    I have gold at BV. But I'm probably done with buying silver having averaged in all summer.

     

  9. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I don't want to visit that site. What is a BOB?

    The article says "bolt out the blue".

    Dollar Fear Trumps Greed in Guarding Against Rebound (Update2)

    By Liz "Elizabeth" Capo McCormick

     

    Dec. 7 (Bloomberg) -- Traders in the $3.2-trillion-a-day foreign-exchange market are paying the highest prices in more than a year to protect against a sudden rebound in the dollar after its worst annual performance since 2003.

    http://www.bloomberg.com/apps/news?pid=206...tfpcU&pos=4

     

     

  11. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    You can't have a nice debate on this forum anymore.

     

    I think I'll leave.

     

    Dr Bubb - please can you delete my i.d.

     

    Thankyou.

    You can put other posters on ignore. Go to their profile and somewhere on the left-hand menu is a button "Ignore this user" or something like that.

     

    That way their texts do not appear to you but you can open with a click if you want.

     

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hi,

     

    I am wanting to buy a bit of gold as a hedge against inflation/hyperinflation. I have looked into it over the past few days and am thinking about buying gold sovereigns from ATS Bullion or Coinvest, would you recommend either or both of these dealers? Also, I haven't been able to find out why different Gold Sovereigns with the same gold content are priced differently on the same site (there are some at £180 and some at £190 on coinvest), is it worth paying the extra £10 (would I get back more than the approx. 2% extra I paid for the £190 coin when I came to sell it) or is it just the rarity value that increases the price?

     

    ...

    I have ordered from CoinInvestDirect several times and I am happy with their service. Note that I am located in Finland but many in the UK have posted here that they are happy with their service.

     

    I think the sovs differ in price according to demand - older ones are a bit more expensive, presumably as people are willing to pay a bit more. Note that CID lists their buy price alongside their sell price which gives an idea of what you could sell for. It's likely that you would not get back the extra when you sell.

     

    I think the price of UK houses will drop in gold, possibly in GBP also but inflation fights against that (I still guess the crash will kick off again probably after the election. The UK is in a sorry financial state.)

     

    Note that in the UK sovs and Britannias are not subject to capital gains tax as they are classed as legal tender coins. So for UK residents they could be the best. Sovs tend to be cheap on a per gramme basis at least the last time I checked at CID.

  13. UK House prices: News & Views

    in NEWS Commentary, 2021 & Beyond

    Posted

    Sunday Times

    December 6, 2009

    Chancellor Alistair Darling’s £40bn cut in public spending

     

    Alistair Darling will this week tell government departments that the money has run out and they face a three-year cash freeze on spending.

     

    The message, the toughest to be delivered by a chancellor since the last Labour government was bailed out by the International Monetary Fund in the 1970s, will mean public sector pay freezes and big job cuts. The cash freeze in Whitehall will mean a “real” cut of nearly £40 billion in spending over three years.

    http://business.timesonline.co.uk/tol/busi...icle6945979.ece

     

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Investing in gold for me is a way to protect my savings in uncertain times so I am definitely a buy and hold investor.

    I am happy make small loss for the case of security.

    However I must say I have been surprised by the rapidity of the rise in gold the last couple of months and wonder if it is sustainable.

    I expected a much more gradual rise.

    About every 2 years or so gold has had a massive upleg. When it moves like this it really moves and many of the gold bulls are surprised at the speed.

     

    See the 2 articles I posted earlier to put it in the context of the whole bull market. This has happened before in the winters of 07-08 and 05-06.

     

    If it goes like the 2 previous big uplegs this could continue until the spring with some minor corrections along the way.

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Indeed. I do think that we must get a correction though. Either that or we go parabolic right here - in which case so be it.

    A consolidation soon would be good and many are saying the same:

    This chart shows some of the past doji candles and what happened to the price of gold soon after. What this candle is telling us is that the buying and selling pressure is equal. So we know momentum is slowing and we should expect a consolidation or correction.

     

    Because gold has rocketed higher, indeed going almost straight up in the recent weeks, I expect a pullback to be very quick. A drop to the $110 or even the $100 level in the coming weeks is not out of the question, but we all know commodities can go parabolic for several months (straight up). This is why we continue to tighten our stops and keep holding out long positions.

    http://www.gold-eagle.com/editorials_08/vermeulen113009.html

     

    And Technically Precious With Merv:

    http://www.gold-eagle.com/editorials_08/burak112909.html

     

    Jim Sinclair talked of a "Swiss stair" which seems to have occurred over the last few weeks. The idea being that big buyers have moved in fairly rapidly on each small correction making a sort of "stair".

  22. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Please let us know how you managed it - I cannot see any way of buying silver.

    It seems that only select existing customers can see silver before the full public launch (as implied in the email).

     

    @Wanderer

     

    Is it possible to swap directly between silver and gold without going via a paper currency?

     

×
×
  • Create New...