azazel

Thanks for all your input over the years. 2012 looks like a spectacular ride on the PMs, best wishes to you and your family in the future. Regards, Az and family

One for you Bubbs..... "market timing a volatile commodity in an uptrend may not work nearly as well as just buying the stuff and leaving it alone. You only have to mistime one or two of the major moves in the cycle and you have losses that will leave you way behind the buy-and-hold crowd. That goes for the so-called expert traders too. A bit of luck can so easily be confused with judgement when none is involved." http://www.arabianmoney.net/gold-silver/2011/12/19/trying-to-market-time-a-volatile-gold-and-silver-market-is-a-fools-errand/

Yesterday it emerged that the Foreign Office was drawing up contingency plans to evacuate up to a million expats from Spain and Portugal in the event of a European banking crash. http://www.telegraph.co.uk/news/worldnews/europe/eu/8963947/Eurozone-crisis-Foreign-Office-plans-evacuation-of-expatriates.html

How do you get the fridge and the washing machine out? Typical British "castle"

I have now given up on the Halifax & Nationwide figures as they are clearly unreliable and they have a vested interest. I "trust" the land reg figures which still has the average house at £200,000 meaning that gold needs to get to £2000 an ounce just to return to fair value, and anything beyond that is speculation.

Yer, computers in a feed back loop. Bastards....

Im sure Paulson's stash will be larger than that. The pyramid is only worth about £4,000,000. A runner up lottery winners stash.

Smuggle it out disguised as a Rolls Royce?

So do I. I worry when I have an accumulation of fiat in the bank so I'm glad I bought some silver on Saturday and I do not regret at all not selling silver earlier in the year. The previous peak to $50 will look small in time.

Thats what Im thinking. Im glad I stocked up on ounce maples at £25 when CID had a special over the weekend (please don't remind me that they would have been cheaper in Germany!) When silver takes off again I think we will be going through $50, or do you think this will be the second out of three attempts at $50, like gold took three goes at $1000?

Im also adding to my position today, silver looking cheaper than gold here.

I think Merryn SW bought a house as a home for her family. She said at the time, that it might not be a great financial decision but it was right for her family to make a home. Property is so over priced in UK, and money is drying up. I cant see prices being sustained at this level for long. The expected inflation from the QE2 will just make houses even more unaffordable as money is needed for food, fuel and utility bills.

Your buying London property is entertaining, like watching people eat Ghost Chillies. Its sure entertaining and increases site traffic!! http://www.youtube.com/watch?v=bRhRLip9Nwo

This nicely sums up the main course debate on this site with the conspiracy threads for pudding.....yum,,,,

Trouble is which index do you use? Haliwide is £166,000, land reg is £200,000, rightmove asking average is £230,000.

Wise move. I definitely feel more relaxed just holding on. Trading in and out is not for me, I get this horrible, sick, panic feeling!! Whilst it looks like gold is due a correction, the financial situation is clearly getting worse and gold is going much higher, so the correction might not happen.

Warpig, what comments did you get moderated on over at HPC? I missed the action!

£1123 an ounce £36,130 a kilo....

£1110, getting on for £1000 gain since lunchtime! Sovereigns approaching £300 but I aint selling until at least £500 each.

Unnecessary. Moderating privileges are suspended for a few days. Cool off a bit and come back moderating in a more civil manner.

To be fair on him, it was a high octane night of action and he just got caught up in the moment. At least he wasn't out looting and torching...

Wow....London burns as gold lifts off, going up £1000 per kilo overnight...

I would be buying silver here, or even platinum if the VAT could be avoided. I dont have that much cash at the moment but if they manage to knock the silver price back big time, I will be buying some coins from CID.

That could also be due to their greedy spreads. They offer a very low price to buy back so why would you want to sell to them? They are not the cheapest either when buying. Sandra is nice but they also have a right dipstick working there....Im going to ring them... OK kilo of gold £34,500 £32,500 to buy from the dipstick himself... CID £33,825 to buy £33,240.

I think Jim Sinclair is correct, that we are entering phase 3 of the gold bull as I can report that my mother is considering buying some gold coins now. When she buys some phase 3 will be official, and I expect her to buy some in september. As Jim said "$1764 has the same significance as $524.90 because it represents phase 3, the point when a runaway price market for gold would gain exponential properties".