wren

I'm not. If it goes to something like EUR 16 or 17 I might consider selling a % or depending on the G:S ratio swap for gold (if it's 50 or less). I've been averaging in since the spring and want to keep it as more of a long-term investment. I have a little of my silver cash left so I'm hoping for a dip.

Wow, it's only the 3rd and it's been an exciting September already. USD 994.90 EUR 697.40 Silver is still pushing up steadily too. USD 16.16 EUR 11.13

At CID they quote their buy and sell prices. Real coins and bars are more expensive than spot as they have to be minted, transported and all the middle-men need to make a profit. Then add VAT. CID's buy price is well over spot as has generally been the case and of course, their sell price yet higher. It's what you have to pay to have a recognisable lump of silver in your personal possession.

It's the first link in my signature.

Age demographics alone suggest his prediction may not be so far off the mark.

Yes if, but many seem to be expecting actual economic recovery and expectations can drive price even if they are wrong. Personally I expect a temporary and weak recovery in some economies this H2 and next year.

Gold down, silver up today. If people expect economic recovery in many countries, presumably silver will at least hold or be bid up?

I've been thinking the same recently: too many expect an action-replay repeat of last autumn. Surely something a bit different will happen to wrong-foot people. But the spring of my crystal ball is getting old. Maybe I should get a battery-powered one or even solar to be really modern. As far as silver goes I'm ready to see it go either way without panicking. If necesssary I can sit under water for years. Also I buy with euros so dollar strengthening alone does not affect me. At 10 euros an ounce silver is cheap considering its utility and cost of production.

The "tradable rally" refers to stock markets. He seems to anticipate a rerun of last autumn's deleveraging. He also expects silver to drop a lot like last autumn. Here's his Friday roundup: http://howestreet.com/audiovideo/index.php...ediaplayer/1358

Nicely written sample chapters. I hope you get some interviewees from outside the UK, maybe America, Canada or Australia?

With a population of over 130 million 19 million ounces isn't much. They need to buy a lot more to get to about 1 ounce per capita which is good backing.

I would keep a fair bit of the cash (for emergencies) and sell some PMs. As said above Sept onwards could be good for gold so I would hang on as long as possible before selling assuming you don't need the cash in the next 3 weeks.

The invoice gives 2 bank accounts. One in London one in Germany. London is for GBP payments only.

Thanks.

At GoldMoney if you hold multiple currencies does it give the grand total in your "home" currency? I know that silver and euros are given a grand total in euros.

I've had bids sitting for months down to about 12% below todays price. I've cancelled the lower ones and set up new ones down to a few percent below today's price. I am buying in euros and I think July could have been the euro bottom.

If gold were really underpriced relative to its "true" market value for a prolonged period of time it would lead eventually to shortages. Even more so for silver which is mostly used up in industry. I do think that silver will go up a lot or else there will be shortages - probably some time within 10 years, 20 on the outside. I do think that some manipulation of the markets occurs as evidenced by NY smackdowns (less common this year than last year) which can be nicely profitable for those in the know.

Somebody make a big gold purchase to make it go down.

Rather than buying a presentation box I would be more interested in a leather belt for secreting sovs or half sovs or other ways of hiding coins either on one's person or at home. The presentation boxes posted certainly look good if you want show off your stash.

A Max Keiser interview on France24, 7 August. In the second half of the video he says only gold holders will be left standing when the next wave of the financial crash comes (he seems to think this autumn).

The second half is interesting where he visits the Bundesbank just as Lehman's had collapsed. Anyway, he learnt that Germany's gold is in New York.

<cue: music> Get yourself some silver and hide it away for a rainy day. I hope Hoye is right and we get a good correction in silver soon.

But when? I expect silver to go to at least half a day's average wage in a first world country. I haven't the foggiest what that will be in fiat monopoly money and I don't know exactly how many years it will take.

Just had a look. Nice to see spot silver on the chart. Months back somebody mentioned September as a possible start month. They have a new photo on the site, I suppose when they got the Queen's award:

The purchasing power of money drops during inflation and rises during deflation. Gold was money (and still is in my opinion and that of Central Banks who hold gold).