Crud. I guess this is all on small volume?
I have to buy gold for my SIPP (finally!!) and have bought some already and wanted to average in over the next month or so. But seeing this now...
I am used to buying smaller chunks more regularly (often silver anyway), but now that I have slightly more to buy and all at once ...
A little disappointing so far. I mean, seriously, even if you're a trader like Bubb, you can't tell me you can make money out of this micro moves.
Some serious (Chinese? Indian? The Fed already?) buyers seem to completely back-stop gold nowadays.
How have different investments fared since 2004?
http://gold.approximity.com/since1999/Infl...on_GBP_LOG.html
http://gold.approximity.com/since1999/Infl...on_GBP_LOG.html
SILVER - a success story!
Neel
His chart is a monthly one. The spike down and bounce up again was so quick, it can easily be ironed out on a monthly (month end) chart.
http://gold.approximity.com/2006/Gold_USD_LOG.html
http://gold.approximity.com/since1999/Gold_USD_LOG.html
Sure. Only, if people generally took delivery, we wouldn't have this discussion anyway. Don't get me wrong, I don't own any silver futures, only the physical commodity. But if you play the paper-shufflers' games, they might just screw you.