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sossij

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Posts posted by sossij

  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Sorry if this has already been addressed (been busy) but what is happening on BullionVault? The gold price chart currently shows the price as £15,400/kg yet the buy/sell price is around £16,400 in the Zurich vault. Is the premium really this high at the moment? Or is it a bug?

     

    Thanks in advance.

     

    Edit: Ah, just noticed ticker at the bottom saying low stocks, more arriving tomorrow... will hold fire until then :)

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Has anyone listened to the recommended podcast by Bruce McCarthy about money, yet? It'll be interesting to hear posters views.

     

    If you haven't listened to it please go here to the podcast thread:

     

    http://www.greenenergyinvestors.com/index....ost&p=57392

     

    Hi notanewmember - yes, I gave it a listen. I found his fundamentalist christian bible-bashing too off-putting really, but I did listen to the end. I find it hard to listen to someone (even if they are correct) given their stated belief in magic moonbeams. He claims strict application of terms to his search for the truth about money and yet is able to swallow the contradictory drivel written in the bible.

     

    Shame really as I quite enjoyed it apart from that :)

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I love all this recent fear and angst... blood on streets and all that!

     

    Topped up yesterday with silver, and have funds to double up - which I'll do if it ever gets down as far as USD10 or so

     

    And today I put my first toe in oil ETF and oil majors, again leaving funds to double up these bets 2 or 3 times upon each USD 10 fall in PoO (should that actually happen)

     

    I feel sure that 5 years or so from now this investment strategy will be very profitable, and so am really quite comfortable about whatever happens these next few weeks/months: falls will allow me to do the double ups, rises will make me money

     

    Believe in what your brains and your bones tell you guys and gals, and don't believe the spin :)

     

    Hell yeah!

     

    Word up everyone - gold and silver going cheap! Grab it while you can.

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I feel broken battered and bruised.

     

    I am holding strong and can't wait for the US elections to be over.

     

    It is possible and likely next year we will look back and realise over the last 2 months and for the next 1 or 2 gold and silver had been in the sale of the century.

     

    I have SOME dry powder but am finding it very difficullt to buy emotionally - i am just holding for now.

     

    I have made a concious decsion to let go of some of the dry stuff next week.

     

    I'm buying this afternoon, just waiting to see how far this dip is going to go. Cheap gold everyone! :D

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I disagree ...kinda

     

    F+F now have absolutely zero risk of going bankrupt, so it is less risky to go long on Western economies (even though prior risk was miniscule)

     

    The mortgage borrowers still can't keep up their payments, but that no longer implies F+F MBSs should be so devalued as they are now underwritten by the US government. So all holders of these MBSs have just become wealthier.

     

    Confidence has to improve given the above

     

    Even more amazingly...

     

    The 'value loss' that was being suffered by MBSs and which was crippling the credit system has now been fully covered by the fed printing of new money. That should weaken the dollar, but no - they've simply arranged for non-US CBs to buy their dollar bonds to keep the dollar strong, weakening their own currencies in the process.

     

    Great to know we're all now baling out the US isn't it? ...sharing a friends pain is one thing, but this sucks!!!

     

    Bottom line: imminent global depression just been made less likely or curtailed, but the global inflation monster has just been given a big adrenalin injection

     

    Hmmm, this gives me much to think about... thanks bigtbigt. Yup, really suck's :(

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