Gatesy

Silver Selling for $1 per Ounce http://www.fool.com/investing/value/2008/1...-per-ounce.aspx

Fook... So it is Good Bye, Good Luck and God Bless ELLIOTT WAVE GOLD UPDATE 23 Alf Field http://www.gold-eagle.com/editorials_08/field112408.html Still, he does say this...

Stocks now rising a bit as well. My juniors still suck the big one though.

Meaning: 1) Oil now to rise, gold to be flat 2) Gold falls, oil flat 3) Both rise in tandem?

I love that, the nutter club; my name is on the list and I am coming in.

Hopefully the Swiss won't play ball.

Superb piece. Very concise and a point clearly made. It is incredible to think what will (could) happen to POG shoul dthe DOW nominally stay up...

I believe a case was highlighted in that Zeitgeist film about someone who successfully argued in court, and won, that paper money was not real and therefore her debts were null and void (or something like that...)

Peak Gold

The India jewelry demand story just cracks me up. One week I have this image of thousands of Indians walking past jewelry shops turning there noses up and the next an image of masses of them running into shops in the same manner as they squeeze onto public transport. What to believe hey?

Gold making a serious come back out of the gates. $713

Thinking about this. I like JT but he also said there would be a dollar crisis ths summer. Maybe his timing is a little out.

Not sure if anyone has posted this yet: 18 October 2008 — GoldMoney Alert from James Turk Gold's New Records http://www.goldmoney.com/en/commentary.php#current

Have you got a link?

I suggested a rolling pin but due to lack of response I presumed I was wrong edit: soz, didn't see post 1109

The last few weeks...........the good old greenback.

How simple ! Yes, that appears to be it. Haven't tried it yet but was considering buying some for parents who take forever to sort paper work out so i could transfer to them later.

Has anyone any experience of making gold gram payments to another individual via Goldmoney? I was sure I saw that this could be done on Goldmoney but looking at the FAQ's it appears that only merchant type payments can be set up via a website. I was thinking more like a BACS transfer from one individual to another.

Cheers, yours and goldfingers comments very welcome. The fix does feel to be the way to go. edit: ps. which provider did you go with and why (if not lowest rate) if you don't mind me asking?

I have a mortgage which tracks the BoE base rate (not libor) and as such have been pleased to bide my time in the short term to take advantage of the lowered interest rate and will be happy to do so until they hit at least 3.5%. What do folks think about the medium to long term prospects for 'official' central rates and the prospect of potentially having a mortgage with close to zero interest? Is this likely/probable? Of course I'd like to have no debt but that is not possible right now and it is not practical for me to re-mortgage to a long term fixed at the moment. I totally accept what is likely to happen to rates in the real market. I have been thinking about re-mortgaging to a long term fixed, but these are more closely linked to libor are they not so am in two minds given my current link to BoE base.

what did she say about your gold lamé track suit and flaky skin?

Good lad

What so I'm supposed to sit by the computer waiting for you to post your thoughts, or at least make sure I've read what you've posted before I express an opinion. Were you trying to be obnoxious or is it just your nature? Do you mean " your beliefs now may be slightly different than they were earlier today" ? If I see said piece and James confirms that he now sees some issues in obtaining LBMA bars then you may be right. I have a lot of time for James Turk, and if he is now of the view that there is a shortage and that translates as a premium to paper futures on Goldmoney then "I [will] believe there is a gold shortage". Alright by you?

I must say this is a somewhat depressing chart for silver enthusiasts, and even makes me wonder where the enthusiasm really comes from for silver. Of course, I've heard all the statements about silver's potential to 'outperform gold' and in inflation adjusted terms hit treble digits, and to reach a ratio with gold of 35, which if gold got to $5000 would mean silver at $140 odd. And let's be honest, 'investing' in silver is somewhat speculative to say the least and for such faith one would certainly expect the sort of results laid out above to provide the necessary reward for the risk involved. But this sort of chart brings some cold faced reality to preceedings for me; as someone clever said recently, one of those "ugly facts" which blow away so many unquestionable theories. Now, I'm not sure what the average house price peak actually was this time around, but somewhere around £220k iirc. If you read this chart and compare the current situation with the bust of the 90's a house could be had for c.15k oz of silver. If you take this cycle's peak and cut 30% ( a conservative view of expected peak to trough drop I think you'll agree) and divide by the most optimisitc outcome in this ratio, of a return to the long term 5000 (seemingly the ratio before this infaltionary episode started in the 70's, you get £154k / 5000 = c.£31. At todays exchange rate of c £/$1.70 which I can't see improving as all this plays out that makes £52. This for me is a maximum, as if you change any of the other variables such as a steeper HPC or a stronger ratio, say 15000oz, the expected price outcome for silver is lower. Indeed if you get a 50% HPC and a ratio of 5000, perhaps a reasonable expectation, you get £22 or $37.4 at todays rate. If GBP tanks a lot further against the $ of course the returns start to look worse still. Now I'm not saying a 3 to 5 fold increase from here (uh hmmm $10 low...) is not an OK return under normal circumstances, but for timing your entry so right as to be buying at an average of $10 in order to hit these return rates, and for the rollercoaster? You decide. For the record I'm still in

I believe there are no shortages of bars. A good proxy for this is the buy price on goldmoney. They buy LBMA bars. only when I see that price dislocate from 'paper' will I believe there is a gold shortage.