G0ldfinger

I will listen to this later. Anyway, I think the pictures you can find of Dines online must be from 20-25 years ago. I knew he must be older since he always tells of that dinner with Greenspan in the 1960s.

Sorta DOUBLE POST Congrats to Pixel8r for this massive call back in the days! http://gold.approximity.com/gold-silver_watch.html

Maybe silver is finally giving in.

Firefighters tackle Basingstoke construction site fire http://www.bbc.co.uk/news/uk-england-hampshire-11268241 What a loss. Certainly all this flats had been sold "off plan" already months ago. Certainly, this has nothing to do with the house price collapse.

OK, my 2p: - Physical gold and silver coin (or small bullion) to be stored outside the banking system and owned by you outright should be your first concern. Get enough so you'll feel comfortable with the thought of a SHTF scenario. Only ever have so much in your own house (if at all) that you would give it away with no regret when threatened. Keep in mind: an ounce of gold will buy the whole supermarket, while an ounce of silver will buy one aisle - you don't want to buy the whole market everytime you go shopping. - Next, you can think about services like GoldMoney or BullionVault. It's the next best thing to "physical in your hand/vault/locker". - I would not touch ETFs and I would not touch anything "bank" i.e. no certificates or gold accounts with banks. - If you want leverage, increase your silver holdings or buy shares. Selecting the right mining shares can be a lot of work, so you might want to consider a fund. Don't do anything on margin since the volatility could kill you. - Diversify. All gold or all silver is not good, similarly, 95% of your assets stored in one vault in one country is also not good.

We could have $1,300 this afternoon given the bullishness of this market right now.

Yes, for instance it could be only $1,649.99 on that day.

As said many times before: call me "Silverfinger".

You guys are telling me that this is not a spoof?

Only the mainstream media morons (Bloomberg, Fortune) think that gold is in a bubble. I also think that Soros never meant that gold was in a bubble, but that it might develop into one, e.g. from $10,000/oz onwards. And, yes, it might then be the end game and in that sense "ultimate". George Soros is clever enough to know that gold is nowhere near a bubble.

You always got to make sure you follow the right Pied Piper, because there are many of them. Besides Bubb's forecast, what happened to Hendry's $600? EDIT: I feel sorry for all the grannies who cashed out their gold on that sort of advice. On the other hand, it makes cheaper purchases for me.

Percentages ... $$ or ounces? The wonders of fiat ...

Projections obtained from stochastic simulation (as of 26/08/10): Horizon: 1a 95%-quantile: $ 3,034 50%-quantile: $ 1,670 5%-quantile: $ 914

Dude.

I think it could as well visit $26, and never look back, at which point some will wish they'd backed up the truck.

If you know how to do this with something like photoshop then you could also superimpose the simple gold and silver chart: http://gold.approximity.com/since1999/Gold_GBP.html http://gold.approximity.com/since1999/Silver_GBP.html

With the apple tree part I am fine - in fact, long term, I would value an apple tree much higher than for instance a fancy (petrol) car. In the coming oil crises, the apple tree will still feed me. With labour it is different, especially as a state employee. While the job might be safe, the real level of income is not. Given the state of finances of most western states, how can we be sure that state employees won't earn 30%-50% less in real terms within the next 10 years? If so, don't you think economic affairs would be such that gold could go up 3 to 5 times in real terms during this time? I think so.

If this is CFTC-related, then we could see much more of this within the next 6 months.

Do you mean both in one chart? Here is a comparison since 1968/1999/2010: http://gold.approximity.com/since1968/asse...arison_GBP.html http://gold.approximity.com/since1968/asse...on_GBP_LOG.html http://gold.approximity.com/since1999/asse...arison_GBP.html http://gold.approximity.com/since1999/asse...on_GBP_LOG.html http://gold.approximity.com/since2010/asse...arison_GBP.html http://gold.approximity.com/since2010/asse...on_GBP_LOG.html Or, for currencies, for instance: http://gold.approximity.com/since1999/curr...arison_GBP.html All this also exists UK RPI-adjusted or for other time intervals if needed.

Approximity: Fortune gets it wrong on gold http://gold.approximity.com/Fortune_gets_i...ong_on_gold.htm

It seems the action in silver is finally getting started. Has it something to do with the CFTC (<150 days left)? http://jsmineset.com/2010/08/25/extraordin...ll-gold-higher/

The value of the house in the example was fairly small compared to the lifetime income. So, I am not sure why you are picking on the house. Eroded income is a bigger risk IMHO.

This is not exactly my point. In this example I don't expect the future lifetime income to be defaulted on (although that might be naive), but I expect it to be eroded away. Purely seen as an investment, the house might also not be the best idea, but you have to live somewhere. All I wanted to point out is that there is always a crowd of people shouting "100% in gold is nuts", but the important point is to ask: "100% of WHAT?" 100% of most people's LIQUID assets might be a pretty small part of their total assets. Therefore the example. So it should be no wonder that there are people who feel that they are underinvested in precious metals even though they are 100% in with all liquid assets they got.

50K is around the mid-level of a Senior Lecturer payscale, and quite a few of these achieve close to 40 years service which under USS means that they get 50% of their final scalary. No wonder we've recently heard recently that USS now caps inflation adjustments at 2.5%/year.

Nnnngh. I got a gazillion dejavus. Come on, not again! Will this ever end? Gold has always been money. Good money. Silver was more for day to day business, gold was for the big deals. Supply and demand applies to fiat currencies as well, I can assure you. Gold is NOT any other commodity. If you put all your eggs in the gold basket, YOU (and no one else) have to know what you are doing. Now, if you put 10% of your money in gold, make sure it is 10% (and not 0.5%, see example). How do you store this labour for when you'll be weak and old?