azazel

Ah, so one day you will be qualified to be a gold bug.

Indeed. Why he is so keen to sell, I do not know. I guess he just got impatient. One of the mebers here and myself got a fair bit for £12.50 a coin which is now cheaper than spot+VAT. (£12.96)

My freinds silver all sold now.

Does anyone want to buy some silver? My mate has eagles, maples, mexican libertads, (all new from CID in tubes) a few kilo argor bars (nicest bars imo), an old 20 ounce coin and other bits and bobs if I remember correctly. He has 300 ounces total. I would buy it all but Im busy with a building project at the moment so spending more than im saving.

Much like wren, im planning to sell some gold late winter early spring but I will wait till summer and buy back in hopefully increasing the ounces. I will still hold my core position and silver.

It was worth a listen. There was a woman from GMFS who said that she would not sell her gold at the moment but she did not think it would go much higher. (didn't make sense to me) The program came over as a promotion for the gold for cash type places and was more of an encouragement to sell your "rubbish worthless gold that you have just kicking around" for real paper cash so you can buy a plasma as one example suggested.

On Jeremy Vines radio 2 show they are discussing gold. Talking about 2009 and all the sell your gold partys and websites, is it better to be buying gold in 2010 rather than selling it as in 2009. Sounds like the start of the mania phase. program starts at 12 till 2pm UK time and will be available on the iplayer later.

Do you mean $1133?

We need to get the thread for december sorted out BTW.

Indeed. The lady in red has paper in her bag (dry powder) and the lady in blue has gold. No contest really.

I have never been ripped off on ebay. I have bought a few one ounce gold items and worried about it.Worst case was a woman who sold me a crown as a sovereign but she refunded me the money. Best to stick with lower priced sovereigns and half sovereigns from sellers with reasonable feedback. I would only use paypal unless the seller had very high feedback. Also, it would have to be recorded or special delivery post. Beware of sellers charging £5+ for sellers standard rate postage as that might be second class 30p stolen jobbie. I have bid on loads of stuff in the past and only won a fraction of the items I bid on, but had some bargains. Its more of a recreational thing though.

My view exactly. +40% from $1000. Although I doubt it will be as predictable as I predict.

These gold forcasts are always wrong. How can they have any credability? "They’re raising their 12-month forecast to $1350 per troy ounce versus a previous $960." If they are forecasting $1350 gold then gold will be at $2000 next year! Personally, I recon cosolidation next year and moves up in 2011 peaking in January 2012 just in time for the end of the world.

Sell and take profits or stay in "Buy and Hold" http://arabianmoney.net/2009/12/02/are-she...gold-tops-1200/

On days like this, when the gold doubters pop their corks, I look at the 5 year charts. I often look at the 5 year charts as the noise is removed.

Nah, £723 is

Id rather be a gold bug than a paper bug anyday.

Dunno if this is Financial Planner, AKA Jonathan Davis in the FT. http://www.ft.com/cms/s/0/5416fbc0-d604-11...bdc0,s01=1.html Ignore Buffett – gold’s time has come By Jonathan Davis Published: November 22 2009 11:37 | Last updated: November 22 2009 11:37 There are many reasons why sensible columnists prefer to steer clear of writing about gold. One is that you get the weirdest responses. Twenty years ago they would arrive in funny shaped envelopes, often in green ink, often from individuals with extraordinarily peculiar views about the world. These days the risk is that anything you say will be instantly picked up, recycled and commented on in a thousand online blogs. Not all of that community are interested in constructive dialogue. Gold retains its capacity to excite the most extreme polarised views. A second reason for thinking better of writing about gold is the Warren Buffett problem. When asked for his views about gold, he typically replies with the answer, along the lines that gold has never been a good store of value and is unlikely ever to interest him as a home for his money. Gold, he says, “gets dug out of the ground in Africa or some place. Then we melt it down, dig another hole, transport it halfway round the world, then bury it again and pay people to stand around guarding it”. It has, he argues, “no utility”. There will always be other things that he would rather own. EDITOR’S CHOICE A steady hand at the tiller wins out - Nov-15 Lords of finance, culprits of crises - Nov-08 Japan sovereign debt crisis looms - Nov-01 Repeating the past will add to regrets - Oct-25 Our quest for a far less risky future - Oct-18 How exactly the mighty have fallen - Oct-11 Although doing back-flips when circumstances change is one of Mr Buffett’s greatest strengths, he appears to have been true to his word in never having made a significant investment in gold or gold shares. In the late 1990s, he did briefly place a large bet on the price of silver, based on a personal analysis of the supply and demand equation for the metal which turned out to be quite flawed. He has been known also to recycle Mark Twain’s famous description of a gold mine as a “hole in the ground with a liar at the top”. If the world’s greatest investor doesn’t think gold deserves consideration, has he got a point? A serious criticism of gold is that it may not in the strictest sense be an investment, in the Ben Graham sense of generating returns that can be analysed and valued. It can be lent out, for sure, but that has to be set against storage and insurance costs. While physical supply and demand clearly play a part in determining the price of gold, its performance is influenced by fluctuations in demand from investors (which a Grahamite purist might label as speculative interest). The arrival of liquid, freely tradeable exchange traded funds in precious metals, some but not all of which are backed by physical collateral, is further encouraging this trend. With the sharp run up in the dollar price of gold this year, coupled with a notable recovery in equity markets, new gold funds are emerging by the week. John Paulson, the hedge fund manager who did so well out of the credit crunch, is the latest to launch a gold fund. Such high profile launches can only heighten interest in gold and more highly geared gold shares, and might in normal times be seen as early evidence that gold is entering a speculative bubble and must be heading for a nasty fall. However, these are far from normal times. While the seeds of a future bubble in gold are being sown, we are a long way away from any kind of climax. Despite growing media attention, gold remains surprisingly underowned by private investors. More people talk about it than actually own it in volume. Every trend-following speculator who is buying gold today for bandwagon reasons is, I suspect, comfortably matched by seasoned wealthy and professional investors accumulating gold for traditional defensive reasons, not to mention central banks desperate to reduce their dollar dependency. Whether or not you care to define it as an investment, gold offers protection against the devaluation of the dollar and the eventual re-emergence of inflation that Mr Buffett himself has identified as the inevitable consequences of the financial crisis and governments’ response to it. While he may be right that buying the Burlington Northern railroad is a better way to profit from eventual recovery in the global economy, the rest of us mere mortals will not be easily convinced to dump our gold and other commodities yet. The point about gold is not to own it for some intrinsic reason, as gold bugs do, but because today’s unprecedented economic conditions make it a sound and defensible two way bet on the future. If gold’s time is ever going to come, we are living through just such a time now. Although a sharp upward snap in the dollar looks possible in the short term, the real gold bubble still lies ahead.

Blimey, gold not hanging arround. £702/$1157

£698/£22440 $1151/$37000 Are these new records? Anyone thinking of selling some in this rally?

Shamelessly pinched from HPC, SocGen Sounds The Alarm, Again. Either cgnao was 100% correct guaranteed, or he just got a job with socgen! Governments may only have one choice, and that is to hyperinflate their way out of debt by simply printing money. When money is printed, everything loses value, including debt. Welcome to Weimar. Government bonds would be purchased by central banks just as has been the case in quantitative easing measures to date. Yields would fall to near zero on longer dates. Gold would absolutely soar. Food would become very expensive. I repeat: this is not a prediction, this is a warning. http://www.fnarena.com/index2.cfm?type=dsp...307609A2A4309B3

Silver doing nicely today. IMO, the USD silver 5 year chart looks like silver is still correcting from its last move to $21, just as gold did at $1000. The next move in silver will be to $30

Does anyone want to buy some gold coins off me? I have some Austrian Ducats of various sizes and a half kruggerand and perhaps some others. I will sell them for a reasonable price that benefits both of us compared to using ebay.

Gold at $1115 keeps setting new records. Get ready for the pound slide next IMO.

Yeah, nice 1 Pix. I wonder if the pattern will repeat again. Peak in feb-may 2010, correct over the rest of 2010 and first half of 2011 (pound fall aginst dollar) and then rocket again in second half of 2011 and spring of 2012 just in time for the end of the world in december 2012....Dooh!