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qwerty

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Posts posted by qwerty

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    SteveNetwriter I read an interesting argument ,but I cannot find it now, that during the last gold bull market the POG never returned to its 200 day ma but that it always corrected to the 50 day ma.

     

    It would be interesting to see if the recent/long term chart supports this?. :lol:

     

    Unfortunately I am hopeless at charting <_<

  3. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Bubb, what do you think the stock market will do in the states? Any thoughts?

     

    Tommorow is supposed to be a green day - y'know saint paddies day and all.

     

     

     

    Here you go Pluto lots of Green and "Pay no attention to that man behind the curtain" :blink:

     

     

     

  8. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Yes it has taken me a while to appreciate that a wad of notes is losing value all the time, must be years of indoctination that the pretty paper has value.

     

    Bette Midler had it all figured out .One of my favorite stories.

     

    http://www.gold-eagle.com/editorials_05/ash110607.html

     

    Last time the US Dollar sank beneath the weight of low-yielding Treasury bonds, soaring oil prices and a looming recession, Bette Midler - the comedienne and singer - famously demanded that her $600,000 fee for a European tour in 1978 be paid in South African gold coins.

  11. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Many people have simply can't see how much they're losing when the currency tanks. I myself only woke up to this when I started working outside my native country.

     

    Is that what stimulated your interest in gold or was there a pre family history ?Just curious :)

     

     

     

    Mine stemmed from my Grandfather who used to take me beachcombing as a kid laughing at all those with metal detectors on the beach.

     

    He was an old fisherman and knew the tidal currents well like the back of his hand.

     

    When the tide went out we would dig around the rocks and hey presto an earring,loads of useless stuff, maybe if you were lucky a ring a farthing or bit of silver wire or a copper penny.

    He had tins of the useless stuff.

     

    The good stuff as I remember was kept for a rainy day and the crap when there was enough went to the scrapman.

     

    Strange that a man that never ever had a bank account or much money could understand the value of metals.

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    DOW/GOLD and House prices/GOLD are important long-term ratios for me.

     

    I'm trying to settle on criteria which would identify a maniacal price blowout, if such occurs. If it doubles in less than a year that might be one criterion, but I'd be intested in more sophisticated and reliable criteria.

     

    So long as the prospective real return on cash savings is negative, I'd prefer gold (and silver) over cash.

     

     

    During the tech boom lots of new fund launches hardly any remain now.

     

    Last year there were lots of new property fund launches to suck up private investors.

     

    There are only a couple of UK gold funds at present .

     

    Increased media coverage and interest in chat forums and sites dealing with the subject.

     

    Gold sentiment goes from "risky" investment to "must have" investment in private investor mentality much as China/Bric economies are now, as well as some commodities Agri etc.

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hello everyone

     

    HPC regular here but keeping my identity to myself - apologies for the sneakiness

     

    Azazel, can you vouch for coinsinvestdirect or can anyone else here for that matter.

     

    I wish to buy some krugerrands but am put off from doing this on eBay.

     

    Thanks in advance

     

    edit - typo

     

    Ony one poster I know who uses that edit ! :lol:

     

    Think you ar 99% CORRECT Pluto :lol:

     

    If you go to page 1 of the now closed gold thread and start reading you will find your answers

     

    somewhere.

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Found this amazing currency converter it will convert ounces of gold,silver,platinum and aluminium into any world currency.

     

    http://finance.yahoo.com/currency/convert?...;submit=Convert

     

     

     

     

     

    Would it be too much to ask how to start a thread with Q&A doing this and explain it all in pure simpleton terms to the uneducated novices like myself and others that have join here recently before all you's chappies make a fortune in juniors while us other poor unfortunate lost souls are only holding lowly gold bullion coins and silver and so on, and (EtfS) i have already learnt that etfs means-not enough to go around in the case everyone demands theirs, like the banks on fractional reserves. ohmy.gif

     

    This sounds like an excellent idea

    .

     

     

    There is a funds thread here might be good place to start a thread/questions ?.

     

    http://www.greenenergyinvestors.com/index....amp;s=&f=11

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Didn't Marc faber say that their would be a boom in commodities for 20 yrs or so a while back in his opinion last year?>

     

    Faber is a contrarian bases his research on past historical cycles over many many years he spotted well befor J Rogers (who gets all the credit) that commodities were and still are cheap on a historical basis adjusted for inflation.

    His assumption that growing middle class in Asia/emerging markets will demand more of these basic products (cotton,sugar,coffee etc) as they become more affluent and these commodities are already rising from a very low inflation adjusted base and the populations of these (gold loving) countries is huge.

     

    As to gold he states "As long as there are fiat currencies I am always long gold."

     

    Asked a few months ago if he had to go to prison for ten years and pick one investment that he could not touch in that time but would preserve his capital you can guess what he chose!

     

    He also told investors to buy gold in 2001, before it more than doubled.

     

     

    Actually in dollars I think gold is up nearly three times since that bloomberg quote.

  18. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Something like gold going from $35 to $850 in the 70s.... MARC shut up! We MUST go to break...hehe

     

    Now if the "unmentionable thingy" was mainstream Im sure they would dedicate the whole 15min interview to it.

    Faber is a rare bird a historical economist Schiff and Rogers are his "gloomy" subscribers.

     

    His website is here and Tommorrows Gold is an excellent read.

     

    http://www.gloomboomdoom.com/portalgbd/homegbd.cfm

     

     

    Now how the hell do we invest in Cambodia? :unsure:

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Yepp. And Jim Rogers beats the drum for it too.

     

    BTW, RK from HPC, wasn't he the super-duper gold shorter? I bet he shorted the hell out of $965.

     

    I hope he is doing OK. :lol:

     

    I thought RK had some "Mystique" till he admitted that he made $100 Dollars!!!!!! shorting gold in a month!Could you be bothered!?

     

    He's very bitter over there reading his posts now everyone has left seems like we all let him off his leash! :lol:

     

    Haha remember this:

     

    Goldfinger-- to RK------"And how are our gold shorts doing today?"

     

     

     

    Hope everyone is clickin the ads in case we get booted off when Mr.Bubb returns. :)

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I have only very few silver coins. Most of my silver is via GoldMoney. I didn't know old UK silver (scrap) coins were VAT free. Should really look into this.

     

     

    Gold and Silver investments Ireland will sell you bags of used silver coins in different denominations some bags are Vat free. Posted this on HPC but no one responded ie I don't know if anyone bought from them.

    BTW the site is very interesting for gold silver information with frequent editorials appearing in in Moneyweek as unusally they are also Financial Planners!.

     

    http://www.gold.ie/modern_silver_coins.php

     

    They also sell gold krugs,maples etc and platinum coins.

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I reckon "fair value" for gold, which is difficult to assign but using the history, is probably around 1/3 of one month's average salary, give or take quite a bit. So we could still be somewhat below fair value at around €650 now.

     

    J Sinclair has stated that gold performs two functions acting as both a commodity metal and currency/monetary metal.

     

    Would "fair value" over longer calmer periods then only apply when gold is performing in its commodity mode and not acting as it is now a monetary metal.?

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