wren

I wondered the same but it seems not to lead the price but to move with it directly at least in those two big middle spikes. Just to be sure: does "UBS Sales" means "UBS Sales of gold"? Just that at first I thought it was a more general sales index.

Catflap over the HYPERINFLATION thread said that maybe the worst for Sterling will come after the election (May at the latest?). I guess a real wake up will come only next year.

Thanks for the grass roots report. Somebody needs to buy to make the dead cat bounce. I wonder whether this will end in the autumn or winter. Seasonally slower of course, but with unemployment building up a change of attitude will presumably happen albeit slowly. Has the recent devaluation of the pound been getting noticed much and are people complaining about any higher prices? I live in the Eurozone so cannot observe for myself.

Maybe that's why it's red.

If UK-based I would buy Britannias instead of foreign coins to avoid CGT. At CID on a per gramme basis sovereigns seem to be the cheapest of the lot. Half sovereigns are slightly more expensive per gramme than sovs and apparently not so easy to sell as full sovs. I am increasingly attracted to smaller coins thinking of selling a little at a time when gold reaches a realistic price relative to goods which I believe will ultimately be a good deal higher than today. That's partly why I began to think of half sovs. Anyway for tax reasons UK-based people had best buy British: Britannias, sovs and half sovs.

Weird. Today 2009 krugs are buy £571.47 and sell £612.22. Today various years krugs are buy £565.92 and sell £661.84. A question for anyone: are half sovereigns as easy to sell as full sovereigns or are they more/less popular?

Looks somewhat like a Fourier transform: repeating cycle and amplitude the same.

Not so much in euros though as the dollar is up at 1.4021 to the euro. Silver is well down today at EUR 9.45, USD 13.25. I bought double my normal quota of silver today (as I did yesterday). I like silver well below EUR 10. At least until I've finished buying either in September or next month.

I just bought twice my normal quota after that dip. Give us more! It just bounced off USD 13.63.

I think we've been in the Awareness stage for at least 18 months. Maybe the next stage (mania?) is not as far off as I thought. I assume this "Rich Dad" guy is pretty well known among the investing public?

Yes. It's like the paper currencies are little ducks in the bathtub all bobbing up and down relative to each other. Meanwhile the plug has been pulled and they are all going down together but if you only look at the ducks and how they bob up and down you may not notice that. Gold is the bathtub.

An interesting post and silver chart from Axstone's thread at goldismoney. Image will not post so look at the post: http://goldismoney.info/forums/showpost.ph...postcount=28179

But as it drops against the euro it would likely drop as much against gold so there would be no real gain if you use the admittedly greater number of GBPs to buy gold. Also if gold is doing okay it might drop more against gold than against the euro so you will get less gold even though you have more GBP. The important thing to worry about is your timing in buying gold. Like everybody else I don't have a crystal ball but this summer looks like a good buying opportunity. DrBubb has just begun to make his move into gold. He seems to reckon a dip might come in August. Let's see what the others have to say. Pluto has been away for a long time. Also it summer holidays for many now.

The guy at peakoil.com was really choked about selling his farm. He said they were renting in Devon for the time being but that he would not be able to buy such a place in the UK. The price was less than EUR 300 if I remember right, maybe under EUR 250. I did my first degree oop north at Newcastle although I grew up in Kingston-upon-Thames and North Kent.

Maybe they'll go to parity or maybe not, but if you intend to buy gold with cash the important thing is how much gold you can get. The relative values of GBP versus EUR are not themselves relevant. The important thing is gold relative to whatever cash you happen to have. If GBP goes down against the euro you can get more GBP, but that says nothing about how much gold you can get - maybe less if GBP is down against gold more than it is down against EUR. The Eurozone is in dire straights. The German government is paying to keep people part employed. They cannot keep up these tricks forever. Unemployment in Spain is over 17%. As GF used to say the euro is a turd like the rest of the paper money. A good chart from Axstone's thread at goldismoney: Thread page: http://goldismoney.info/forums/showthread....66&page=705

One of the regulars at peakoil.com had a farmhouse (18th century I think) in Northern France (not Brittany I forget which area) with several acres of fields and orchards, outhouses and a lake. This guy (British) is a hard-core peakoiler and had lived there several years. He decided to sell the place and had moved to Devon (wondering how to get another farm, this time in the UK). The reason was that he reckoned the French authorities were getting anti towards foreigners about e.g. healthcare. And he thought it would only get worse as economic conditions get far worse. It was a tough choice but I guess he knew the country well enough to make a good judgement. And boy, was he down when he posted about it. A lovely farm - he provided a link to the estate agents where it was up for sale. On edit: Remember that in the UK Britannias and sovereigns are not subject to capital gains tax as officially they are legal tender coins. So in the UK they would be the preferred gold coins to get. At coininvestdirect.com I compared prices per gramme for several coins 2 weeks ago and the sovereigns were the cheapest per gramme that I could find - cheaper than one-ounce krugs and other one-ouncers. I like the size of a sovereign too: a bit less than quarter an ounce is nice if you want to sell a little but not a whole ounce.

Which link/story are you referring to (the eye of the storm)? About currency ratios I think it is best to regard gold as another currency. So if you have x ounces of gold, whatever the euro, pound or whatever are doing relative to each other is pretty irrelevant. Silver these days is more of an industrial metal but investment demand will probably increase in the coming years. Just to warn that as you know silver is much more volatile and your 80% gold to 20% silver investment looks sensibly conservative. I have a higher % in silver but I was lucky to start buying seriously last Nov and Dec so I have been getting good prices which increases my confidence and I don't have a wife and kids to worry about or to blame me if it doesn't work out. The money in silver is somewhat speculative. Gold is my savings: I trust it more than euros or any other paper monopoly money. On edit: One thing to remember about GoldMoney being in Jersey. There is no deposit guarantee system in Jersey, so cash is not protected. GM itself has said so and advises customers to treat their cash account as temporary places for cash, like when averaging in, rather than a long-term place for cash. The interest rates are now zero on all currencies there anyway.

I think Sterling was overvalued for several years and has now corrected. The Eurozone has very serious problems itself so I wouldn't expect GBP and EUR to go to parity due to the Eurozone faring better at least. Do you have to change currencies or could you buy your metals with euros? (might save some fees). As mentioned before at GoldMoney you can swap between currencies and withdraw cash to more than one bank (unlike BullionVault). Assuming you believe that the long-term fundamentals for gold are good this summer looks like a fair buying opportunity. If I had no gold I would average in between now and early or mid September. Basically because short-term I'm never confident that it will go up or down. I am averaging into silver until mid-September at the current rate of cash burn. I already have most of the gold that I will ever buy but have kept some sideline cash hoping for a dip down to EUR 600 this summer but I am not so confident that we'll get down that low.

You said that last year, so aren't you nearly 43 by now? Eventually you will live up to your screen name, no doubt.

Jim Sinclair says: http://jsmineset.com/ I think he is right.

Remember in the long run those who hold the gold make the rules. I don't know for sure how long you have been invested in gold. But remember that after the peak in May '06 there was a long 18-month period of correction and sideways movement well below the previous peak. We are still in that sort of correction from the March '08 peak. I expect the coming winter to be good for gold. Even last year when in Oct and Nov I thought it might be a down-year in USD, in the end it was an up-year although only 3% or so. But it was up a lot more in GBP and EUR. The wildness and uncertainty shake out the weak hands. If you don't need the cash badly I'd say stay in gold or at least keep half of it if you want a long term investment. Silver is even wilder and not for money you might need, say, within 2 or 3 years. Long term I expect silver to do well, quite possibly better than gold. The ratio of silver to gold in the Earth's crust is about 15:1. In the very long run I expect the gold/silver ratio to go below 20. ------------------------------------------------------------------------------------------------- Here's Clint getting 200,000 dollars in gold. I estimate that at USD 20.67 (the pre-1933 rate) that's about 9676 ounces or the weight of about 4 people. I wonder whether they used real gold in the movie? probably lead. I've always loved the music in this. "There's two kinds of people in the world: those with loaded guns, and those who dig."

http://silverbug2000.wordpress.com/2009/07...for-investment/ To get the Chinese public into poor man's gold?

Sounds like you're looking for goldismoney.info ? http://goldismoney.info/forums/index.php Axstone's thread is one of the most popular and usually has some good posts.

Any particular reasons for wanting to sell at the mo'? Of course if you want cash for something else that's reason enough. I've been hoping for a good further correction this summer but I don't feel so confident about it now. A dip to EUR 600 or 580 would be nice for me and I have some cash on the sidelines to take advantage of any dip. But like I said I'm not so confident and much of my savings are already in gold, much more than the sideline cash. At the moment I'm continuing with my plan of averaging into silver over the summer. A couple of days ago it went below EUR 10 per ounce including fees but is up again. EUR 9 per ounce is beginning to feel like a floor for silver.

A 100-kilo withdrawal from BullionVault: http://live.bullionvault.com/audit/withdrawal_note.html