sossij

Titanic struggle going on right now - Goldzilla vs. Fedthra.

Here they come again.

927 and falling.

Argyrophiles? From biology, argyrophilic cells bind silver salts. A general fear of silver in all its forms is argyrophobia according to a quick google...

Quite a dip too!

Bah! At work.

I completely agree!

Hey, thanks for the analysis Bobsta I suppose what I was driving at was this would be the limit at which I would definitely stop buying, as per the OP's original question To continue buying after this point would be to lose money*. At any point up until the ratio goes to 1, I would be in the money as it were. I agree at the point the ratio goes to 1 then the value of the gold equals what I paid for it (obviously ) Good advice, thank you I should add that once the gold price resumes its upward march, I would then resume buying. The only time to stop (perhaps "pause" would be a better way to think of it) would be at the "ratio of 1" point * but would still mean accumulating more Au (I agree with Wren below, value in the temporaray value of £s is perhaps not the best idea).

Heh heh, well I wouldn't be complaining! Well I suppose, in terms of a hedge against currency devaluation I won't have lost anything I suppose I'm thinking of holding gold as insurance... but only while gold is being "well behaved", i.e. rising moderately... if it goes through the roof then I will change my plan accordingly Ok, will have a think

I like to think of the "cheap" gold I bought in the past as subsidisng the more expensive stuff now, so my plan is to keep buying until the ratio of the total amount money I've paid into gold to that of the value of my total gold holding (denominated in GBP) goes to 1, i.e. gold increases to a level such that any further purchases eventually exceed the historic "subsidy". At that point I will stop. If the ratio goes to more than 1 (i.e gold holding worth less than £s paid to purchase it) it will be time to start selling some off. Obviously if gold goes completely ballistic then all bets are off and I'll hold on for dear life Is this a dumb plan?

It's all terribly exciting isn't it? (Just added some more to this weeks haul)

Ah, thank you

Why after the fix, ceej?

I wouldn't have the guts to trade... I just keep accumulating, week in week out. It's boring(ish!) but it seems to work

Not today then

Cripes, $982 already. Back to $1000 today?

Looks like the laggards have got left at the side of the road. Just gone $970+

Just loving these summer doldrums I wonder what it's gonna be like once things starts to pick up?

Holy Crap! $962!

Wow! Check that out! $944 to $935 straight down.

I buy regularly, so I will be I always buy the same amount in £s, week in week out (I get paid weekly). I like to think of expensive gold as being subsidised by the cheaper stuff I bought in the past. So far the amount of £s I could exchange my gold for exceeds the amount of £s I have spent on it. At the point at which this went to zero or negative I think I might then pause for a bit. Until then I'll keep buying. Is this a dumb strategy?

Now at its highest in the quarter to date Edit: oops, just slipped below

Thanks chaps, I'll check them out once I've finished reading Gatesy's thread.