azazel

I received the Gold pandas that were on special offer last Saturday at CID along with some silver phillithingys for the pension pot. I would have bought 6 if I could remmeber the wifes account details so as to double the limit. Paid on monday by bank transfer and recieved on friday from Germany. Very efficient service IMO. Panda coins cute and nicely made like the ounce silver coins I have. I might have to buy some ounce gold ones. Sorry to bore you with such trivial drivel but I been on the wine again I think its back to the grind for some more paper crap in case we get a good buying opertunity in the summer. If Gold makes another peak in the next four weeks Im going to sell up some and stay in cash for the summer blues ready for the autumn winter spring blast off. Things working out well so far gold clearly up and houses clearly down and Im confident of more of the same in the next few years. Thanks guys.

OK I know you guys will like this...

 

http://www.ft.com/cms/s/0/1d23f80c-30aa-11...144feabdc0.html

Published: April 24 2009 09:31

 

China revealed on Friday that it built up its gold reserves by three quarters since 2003, making it the world’s fifth largest holder of bullion.

 

The move comes as European central banks continue to sell their gold and the International Monetary Fund has discussed selling some of its bullion reserves

 

“This is probably the most significant central bank announcement since the Central Bank of Russia announced at the LBMA gold conference in Johannesburg in 2005 that it wanted to hold 10 per cent of its foreign exchange reserves in gold,” said John Reade of UBS.

-----------------

Incidentally at least one person at the FT looks at ://www.financialsense.com as this article on their website demonstates

 

http://www.ft.com/cms/s/0/6c43927c-2456-11...00779fd2ac.html

Personally, I rather liked this one

http://www.ft.com/cms/s/0/1faa7410-0d97-11...00779fd2ac.html

UBS bullish on gold price nearing $2,500

March 10 2009 19:25

Gold could surge to $2,500 a troy ounce in the next five years because the prospects of either deflation or inflation were “becoming more extreme”, UBS said on Tuesday. The Swiss bank told investors to overweight gold in their portfolios.

It was posted on jsmineset recently that MA has said that gold will either take off 19th April or Middle of June. Will try to find the link. 19th April seems currently to be a change in direction at the moment.

Martin Armstrong said in the article "We are not alone" where he writes "April 2009 is shaping up to be rather imortant. If gold were to decline into an April low, things could get very interesting thereafter.There apears to be a possibility that we will simply collapse and get this over with pretty fast."

In another article called "Destroying capital formation", at the very end of the article he writes "The dollar does not yet appear in danger of a collapse just yet. The event horizon is shortening. Nonetheless, the serious problems may start to emerge after the summer of 2009. This is the true catalyst that will be behind the gold rally-not inflation, but currency destabilization. We need to pay close attention to maturity of holdings of China-the last source for excessive cash.

Telegraph

Gold: Inflows into ETFs up by more than 300pc

http://www.telegraph.co.uk/finance/persona...than-300pc.html

Interesting article predicting gold to $1500 but hedges its views by making a mistake in the date. Could be 2009 or 2999?

"From here, Mr Gibson argues that the price of gold could soar during 2000, eventually hitting $1,500 an ounce."

http://www.metalmarkets.org.uk/2009/04/22/...upply-squeezed/

For buying gold, none IMO. The only reason I have both is because bullionvault doesn't allow you to trade silver, otherwise I would be happier with bullionvault. The registration process is a supreme pain with GM, the online process failed twice for me and then it took them weeks to finally setup the account once all the docs had been sent in. I don't have any complaints about BV at all, their support is also very good.

 

Just one tip, use a different username than you use here. Audit information by BV username/nickname is available for all to see.

 

http://live.bullionvault.com/audit/current/audit_pageG.html

My username does not appear in the audit.... What do you think? Have you checked to see if you appear in the audit?

Gold, silver up.

Platinum, palladium down.

 

Statistical blip or a new trend?

Im hoping that there will be another up wave before the summer, if so I may exit some of my position in view of a home. If the late February peak was the last before the summer duldrums, it was quite an early peak compared to the last few years. Otherwise I'll stay in until next spring. I will still hang on to the family silver.

Often, I buy gold, only for it to fall in value in the short term as I didn't get the bottom of the wave. Im up on all that I have bought except for the odd few ounces. I would have done better trading it but thats easy too say with hindsight.

Jim Rogers buys gold whatever the price. He has no interest in the month to month (even year to year) movements.

Marc Faber recently said the same. Buy some gold on a regular basis, every month.

Can anyone answer why Aussie 1oz nuggets have a $US 50 premium over other coins like maples and kruggers? Is it because they have a higher % of gold in them?

A 1 ounce gold coin has 1 ounce of gold in it. A maple is pure gold, a krugerrand is 22 parts gold and 2 parts other metals such as copper. both contain an ounce of gold so the krugerrand is bigger due to the other metals. Th Nuggets are more expensive because they are collectable as part of a series. Coins vary in price depending on what the dealer wants to sell them for. If they only have a few pandas left they might price them higher to maintain variety. Also if they bought them high they might not be prepared to sell them at a loss.

its only £12 shipping, only an extra £4 on top of the price for each coin - i think thats pretty good considering they are pandas, which usually have a higher premium than most coins, and they are fractionals, which also usually command a high premium - and they look nice!

of course if the price of gold continues to drop it may not seem like a good deal but hey, you pays your money you takes your chance.

I added to the order and that reduced the P&P to £7. Where ever you buy theres always P&P unless the order is over £2200ish. You may be right that prices will fall further next week but thats the chance you take. I'd be suprised if you could get a 1/4 OZ for less than £145.

I spent all this month's spare cash already (not just on PMs, but I even got some gold too). But this offer IS good: below spot and for no good reason turdling seems sturdy as well.

 

Have... to... resist...

Looks like they are sold out now.

It seems that I should hurry making up my mind.

You used to be indecisive but now not so sure? After all that silver you just splashed out on how can you justify those quete little teddy coins in pure gold? :lol: :lol: Buy them for the Mrs Goldfinger and you cant go wrong!

Not really that special...

 

Panda 1/4 Ounce, different years / ver. Jgg. (SPECIAL)

.

Country: China

Weight: 7.78 Gramm

Purity: 999 / 1000

Buy Price: £146.27

SELL NETTO PRICE: £151.16

SELL BRUTTO PRICE (incl. VAT): £151.16

Limit for this item is 3 items per user per 48 hours

They are below spot price for gold. £145.42 a 1/4 or £581.68 an ounce. Not the easiest to sell due to worries about Chinese fakes, but Im going to get 3 and some silver Philliwhatevers....

Jeez, that is scary. I have just deleted my address from their site. Let me/us know if there is a resolution to this: I will have to suspend dealings until there is an explanation and a fix.

 

Shame: the sales are ON

Its a bit dodgy having a list of all the stuff I bought and my address. They got a special offer on tommorow for a 1/4 oz gold coin. Might even be nearer spot!

Looks like martyn Armstrong might be right about gold making a low in april. Do I have it correct that if thats he tthinks the dow will crash from here to june? What about gold, will it rally as a safe haven?

I dont know why CID have such a large premium on 100g gold bars. Its cheaper to buy 5 x 20g or about the same price as 20 x 5g! Bairds are cheaper for bars. I might buy some nuggets. https://www.coininvestdirect.com/main.php?a=11&id=5 Do they come in capsules?

The Easter Bunny must be Australian. This is what it had in store for GoldSilverfinger.

I know the 1kg coins come in cases but do trhe 1 ounce coins come in capsules too?

Just found a couple of interesting interviews with Paul Tustain, the founder and MD of BV.

 

The articles are from February 2008, so not new but I'd like to quote part of the second article.

 

Part 1:

http://www.americanchronicle.com/articles/view/52961

 

Part 2:

http://www.americanchronicle.com/articles/view/52969

 

And a quote from part 2:

 

The last bolded bit confirms to me that part of Tustain's idea behind BV is make gold ownership easier for small investors.

 

I think it was azazel who has said a couple of times in the last few months that BV is planning to offer silver also. Any news about this?

 

If they are serious they should get on and do it soon.

Hope everyones having a nice holiday and that the weather is great. It is in Devon!

I have spoken with Paul Tustain on various occasions and he personally told me that BV was investigating offering silver VAT free. It was some time ago now, perhaps 6 months. I was very impressed with him. He answers the phones along with the other staff and he has taken the time to talk with me for up to an hour. He comes over as a genuine sort of guy with no BS. He didnt encourage me to use BV but just made the case for gold and let me make my own mind up. I know you can never be 100% certain, but gold is honest money and Paul Tustain seems an honest family guy trying to make honest money available to the ordinary guy in the street.

Credit where credit is due....

Here's a few of my purchases:

 

sep 2004 5oz bars: £27.99, £28.50

oct 2004 10oz bar: £51.02

feb 2005 20x1oz bars: £110

Oct 2005 24x1oz bars: £100

mar 2006 1 kilo coin: £225

june 2006 1 kilo ingot: £225

jan 2007 5oz bar: £43.65

jun 2007 10oz bar: £75

 

all from ebay except the 1 kilo coin which was from Weightons. All the rest (a couple more kilos) I've picked up an ounce or two at a time so I've excluded those.

HTH

Thanks. Are the prices typical at the time or did you get bargains? Looks like the 24 x ounce bars were a bargain at £100! Are you still buying or sold yet?

Another MSM item increasing the public awareness of the yellow stuff.

Tentative signs of US gold rush

http://news.bbc.co.uk/1/hi/business/7991732.stm

Ive been buying silver coins and bars since 2007. I have paid between £10-£15 an ounce and £300-£430 a kilo. I have seen the spreads vary considerably and changes in the rate of VAT from 9-19% and 17.5 down to 15%. So looking at the spot price over the years does not tell me how much the stuff costs in the real world!

So, what are the lowest typical prices you have paid for silver and when? Im talking since 1980. Im particularly interested in knowing how much silver coins were in GBP around 2000 when spot silver was $5 or lower.

Do they mean $6,000 per gram?

I have no confidence in anything they say if they cant even get that right.

Looks like the original article has now been corrected.

UBS, for example, calculates that the US reserve of gold are so small, relative to its monetary base, that a price above $6,000 a tonne would be needed to reintroduce a gold standard.

Goldfingers lucky day! UBS not too hot on their calculations. $6000 a tonne, Id buy bullion vaults entire stock.

Hold it in preparation for the onslaught of inflation.

 

 

A lot of people on here bought over a year ago and have exchanged pounds for gold. They did very well last +44%, so why change back now. Not everyone is concentrating on the daily swings more the big picture.

 

I myself sold a house and put the money into PM's around 1 1/2 years ago and moved into rented. I looked at it as a long term plan, three years or more. During that time I expected houses to go down a lot and gold/silver to rise a lot. So far things are very much going to plan, so why change it because of the daily swings. You maybe able to convince me to change my mind in about another couple of years.

Im in much the same boat as you pixel8r. I sold and rented in 2007 and got gold and silver. We are well up even now that the price is down. Ive been re-evaluting our situation today. Im confident house prices will continue to fall and gold will go up in the longer term. So I will continue to rent and accumulate over the next 2 years. I cant see house prices shooting up any time soon. I really should get the courage to trade some so as to increase my possition. Its only down $100 and a black swan event could put us back to $1000 next week. Lets face it, they are talking trillions on a regular basis now and things have gone from bad to worse. Our glorious leaders have done their best to put positive spin on the G20 meeting, and some have fallen for it. Its the cure that will do the worst damage and theres alot of medicine going down at the moment. Im coonfident that gold will go ballistic on the coming inflation. Even Mervin King said the exit strategy for the coming inflation will be large increases in the interest rate.

Anyway, thanks for the encouragement and I've made myself feel better by saying this.

My pnf charts are telling me that 885/875 are possibilities if 895 does not hold.

 

Then I think the rocket pictures will be coming out again, as we have built a solid launch-pad!

Im itching to buy 100 grams. If it goes below £2000.

Thay useing the trillion word again, gold back up above $900, dooh. Come on, a quick dip down so I can buy, then back up will do me nicely thanks