azazel
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Posts posted by azazel
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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.
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How do you get the fridge and the washing machine out? Typical British "castle"
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Oh.
http://www.nationwide.co.uk/hpi/historical/Nov_2011.pdf
"• House prices increased by 0.4% in
November
• Price of a typical home is 1.6% higher than
one year ago"
After the fall yesterday from the Government statistics I had hoped for a price fall of around 5 percent for this winter but even that is looking unlikely. When one considers that renting is likely twice the price, or more, of the mortgage repayments then one has lost around 4 percent by not owning. In super low interest rate land, prices need to be falling by at least 4 percent a year for renting to make sense. And they are not falling.
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.
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The end result is chaotic high volatility isn't it, due to the market being one big feedback loop dominated by computers.
Yer, computers in a feed back loop. Bastards....
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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.
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How would you do that without them noticing?
Smuggle it out disguised as a Rolls Royce?
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I sleep very easy with ~100% in PMs, 20% in Ag, 80% Au.
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.
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Maybe the lows have been in now, and we go towards $50 here? I wouldn't bet against it.
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?
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The Doctor is going Gold-crazy today.
I am backing up the truck here, friends.
Valuing the GLD Options and Gold etfs at face, I have bought over $300,000 of Gold today.
(And I am not done.)
Note that I have bought at something like $320 below Gold's high, and also below Jim Sinclair's $1650 - very near to $1600. And some of the Buying was done with some nice profits I made since I exited my last big Gold-related trades.
I have plenty of firepower still left, and plan to buy more if Gold breaks the support near 144d MA.
Silver/SLV buys may soon be coming up - Orders are alresdy in on SLV calls/
(Here's a KEY POINT for the B&H purists !
You need to have Cash to buy when the opportunities roll along.)
Im also adding to my position today, silver looking cheaper than gold here.
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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.
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JUST ONE YEAR AGO, I was banned on HPC.
Since then...
COMPARISON == : ( HPC ) / ( GEI )
Alexa Traffic Rank : 27,303 : 186,889
Traffic Rank in GB : ==909 : = 9,150
Sites Linking In .. : ==456 : === 83
HPC has 138 Reviews (ave. 3.5 stars)
GEI has 003 Reviews (ave. 5.0 stars)
GEI is gaining on HPC, if only slowly, as HPC fades a bit
THANKS FOR THE POSTS, everyone !
Your buying London property is entertaining, like watching people eat Ghost Chillies. Its sure entertaining and increases site traffic!!
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whilst you might have more money in the bank for the same initial investment, you have to firstly get it out and then convert it to something that holds value and potentially physically in your hand. This might be asking too much in the end...
This nicely sums up the main course debate on this site with the conspiracy threads for pudding.....yum,,,,
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Average UK house price c. 166,000
1 oz gold = £1,178
Average UK house now 140 ounces.
LOL.
Trouble is which index do you use? Haliwide is £166,000, land reg is £200,000, rightmove asking average is £230,000.
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I bought back in. Gold moving inversely to the share indices, end of options window, moving into september, CDS rising everywhere, sovereign situation out of control, qe3 likely this weekend etc etc
What was I thinking trying to cream off a few extra % profit?
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.
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Warpig, what comments did you get moderated on over at HPC? I missed the action!
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£1123 an ounce £36,130 a kilo....
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£1110, getting on for £1000 gain since lunchtime! Sovereigns approaching £300 but I aint selling until at least £500 each.
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Posting privileges are suspended for a few days. Cool off a bit and come back posting in a more civil manner.
Unnecessary.
Moderating privileges are suspended for a few days. Cool off a bit and come back moderating in a more civil manner.
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Your were ridiculing my investment choices. I ridiculed you back....fair game?
Seriously FK, you have made a number of very constructive posts over the last few weeks and i thought that i had got you wrong, but then you resort to your favourite tactic of ridiculing and humiliating other posters????
FFS, stop digging, and as someone else pointed out, get yourself some self awareness!!!
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...
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Wow....London burns as gold lifts off, going up £1000 per kilo overnight...
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Please refer to my earlier posts for a fuller picture of physical availability,i would not deal with any of the ones i posted except hatton or lois or crewe but they are all in the same boat only Bairds had metal to sell but are like ATS and chards very pricey.
The REAL big news is that EVEN at RECORD highs they have not got metal to sell,people are obviously holding now and not selling,even record highs have not brought the physical sellers out to offload PHYSICAL METAL.
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.
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Finaly go through to ATS they have NO STOCK on any sovs krugers or kg bars.Unprecedented demand customers queing up to buy any metal available.
"PHYSICAL GOLD WILL NOT BE AVAILABLE AT ANY PRICE"......WHERE DID I READ THAT ONE..... OH YEAH CGNAO and FOFOA.
BUT STILL PEOPLE PLAY WITH THEIR PAPER PROMISES/INSTRUMENTS.
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.
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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".
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£6.74????
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
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/