wren

The original title of many previous months "Gold Investment and Trading " was inclusive and on the whole worked well. Wasn't there a discussion about this a year ago when some went off and made trading only threads. Ker's gold and silver trading thread is still running.

Max Keiser thinks that China, Russia and Iran are waging financial warfare against the USA to prevent an attack on Iran. callmejoe started a thread. Her first post has the links to the 3 YouTube videos. http://www.greenenergyinvestors.com/index....ic=7901&hl= The interview is from yesterday (7th Oct). Gold bulls or bears might take a look.

Yes, silver is much more vulnerable. But I don't want to jump in and out this year partly to keep my tax simpler. If silver drops back to €10 I will buy some more. Otherwise I'm just going to sit back and watch for the next few months.

How are gold stocks faring? A resumption of the stock market crash seems to be in the offing. Will gold stocks be dragged down with the rest of the stock market? Will gold and silver hold up and even continue to rise in the face of a severe stockmarket correction? I'm hoping that gold stocks will drop a lot while gold and silver hold up or even increase a lot. Then I could sell some metal next year and buy stocks cheaply. No chance?

On 7 Oct last year the failure of RBS almost caused a meltdown in the UK. I thought it interesting to look at the gold thread around then. The thread was worrying about gold going down even more. Then later rockets were flying. Steve posted an audio file (now a dead link) with Jim Willie: Quite a good thread. Page 17 with Steve's quote at the top: http://www.greenenergyinvestors.com/index....4442&st=320

Whatever happened to the Judean Popular People's Front? From: http://www.youtube.com/watch?v=gb_qHP7VaZE And what have the Romans ever done for us? Romanes eunt dumus. From:

This is what Jim Willie thinks of GLD and SLV: He thinks a systemic banking failure is approaching. http://www.gold-eagle.com/editorials_08/willie100109.html

COMEX gold or ECG?

I stuck my ore into that thread pointing out that historically gold has done well during deflation. It might cause some cognitive dissonance. Many seem not to know the history of gold prior to 1970.

I didn't know that. Really?

€58 million at €680 per ounce is about 85 300 ounces or about 2.65 metric tonnes. It isn't very much in global terms. BullionVault alone has 18 tonnes.

I get the feeling that many expect a repeat of last autumn. With the precious metals I'm prepared for anything, although I think upwards more likely than downwards, except maybe for a limited period of weeks or a few months. Somehow I do not think there will be an action-replay of last autumn with stock markets and gold down severely. I reckon there will be an unexpected twist to wrong-foot the many who expect that.

Old RB never gives up. He's mentioned several times that he owned some sovereigns and sold in 1980 at $800. As far as I know he never said which country he was in and which currency he was paid. I have a suspicion that he actually bought into the 79-80 price blowoff and has never got over it. His argument against gold is always hopeless saying that holding gold from 1980 to 1999 was bad. Anybody with a rudimentary ability to read a graph can see that. He never mentions the cycles or why what happened happened. I think he has not studied gold carefully and he does not understand gold.

I bought one 1-kilo Koala just to be able to hold one. A member here posted a pic of a 1-kilo Libertad and I couldn't resist getting a 1-kilo Koala. Reminds of Crocodile Dundee when a guy pulls out a knife: "You call that a knife?" With a 1-kilo you can say "You call that a coin? Now this is a coin!" Those Alderney coins you linked are seriously nice looking. Even with a younger Queen's head!

I suspect that they did a 6-day week or even 7-day. In Victorian England I think a lot of people did a 7-day week and only had Christmas Day as a holiday and maybe Sunday mornings to go to Church. Taking 26 days a month (about a 6-day working week): (26/22)*184 = £217 (about). And there's less silver per capita today plus lots of industrial demand which did not exist back then. In historical terms silver looks very cheap.

What about people who bought on the dip last October to December? At some stage the fiat will get used up presumably.

A guinea is one pound and one shilling. 21 shillings. http://www.woodlands-junior.kent.sch.uk/cu...ns/moneyold.htm Have they stopped using guineas completely in the UK? Several years ago I believe that some auction houses still quoted guineas and maybe in horse-racing?

I noticed that he got that wrong. Maybe he was thinking about one and half US dollars which would be closer. It was numbers like these that helped convince me that silver would be a great investment. That article has a lot of links to others about the history of silver and prices in silver and wages. Fascinating stuff. That and the present-day situation also with silver industrial demand tells me that silver is cheap.

http://www.gold-eagle.com/editorials_05/zurbuchen120405.html About an ounce or two per day.

Are the old British silver coins free of capital gains tax? I hadn't seen silver 3d coins. I remember the old 3d coins with was it 7 sides? I'm just old enough to remember when they changed to the decimal system (I was 6, I think). When my dad came home from work I asked him if he had any of the new money (we each already had a set of them in a presentation case which were sold before the changeover). He looked in his pocket and gave me a 50 pence piece (10 bob!). You could buy a lot of sweets with ten bob back then. Are the sixpenny bits of that time 50% silver? Slang I remember: tanner - sixpenny bit bob - shilling (5p today) 10 bob note - half a pound (50p today) Shortenings: ha'penny (1/2 d) tuppence (2d) thruppence (3d) thruppenny bit Not sure of the spelling of those. The old LSD system: £ /- d (pounds, shillings, pence)

This clearly shows how silver gets exhausted when it spikes up above gold relatively. Notably at present it is still a bit below gold.

Do they lend to the owner of the item only, in effect keeping it as collateral?

A bubble in fiat currency or just an anti-gold bubble.

As they say, a bird in the hand is worth two in the bush. And I should know.

A typical anti-gold article like we've seen so many times over the years. Gold has gone up, what?, little more than 20 dollars in the last fortnight and they call it a "buying frenzy". The recent rise in gold has been mostly dollar weakness not so much gold strength. The euro price hasn't moved much.