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azazel

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Posts posted by azazel

  1. Is there any sign of the bad news slowing up? I would really appreciate a pull back as I'd like to load up. :mellow:

     

    Anyone see a pullback on the horizon. The last time I bought at $900 it dipped over $100 a week later :unsure: , just as well sterling went scuba diving shortly afterwards. :rolleyes:

     

    Who really knows? I think we have a slow creeping up, higher highs & higher lows until April May time, then a pullback for summer dulldrums then a mega move starting in the Autumn through to spring of 2010. Thats based on the article wren posted here. I recently bought about four ounces and 200 grams BV gold at around £20000 a kg and then the price droped to £19250. Dooh! Im getting one of those maples that are 99.999% gold and are of the same design as the 100kg coin.

     

    I find this projection from Jordan Roy-Byrne for the next 2 years quite plausible:

    roy-byrne021209c.gif

     

    So, he projects an early March peak, a pull back to about $860, then summer doldrums followed by an autumn take-off. He's targeting $2087 in 2 years' time.

     

    Article:

    http://www.gold-eagle.com/editorials_08/roy-byrne021209.html

  2. Is anyone thinking of "profit taking" to get their CGT allowance for the year?

     

    If we get a decent move up over the next 12 weeks, do you think gold will go quiet for the summer? The "sell in May and go away" thing? Or do you think it depends on the situation on the ground at the time?

     

    These are the things that trouble me.......

  3. I thought they were not full sovereigns. What's the weight?

    Its a full sovereign, 1911 nice condition but not mint. Weighs 8.00 grams on my scales and looks genuine. I have lots of them to compare with. Ive carefully read the paperwork and there is no obligation to buy any more.

     

    They even put in lots of fancy marketing stuff, cotton gloves, treasure pouch etc. They are banking on enough muppets pay for a coin each month at £235 to off set the teaser deal. Like I say, who knows how long before a sov is £235?

     

     

    http://www.londonmintoffice.org/shop/actio...-of-Empire.html

  4. There are so many new Gold threads appearing on HPC, which one of you is trying to wind them up?

    I think its newer members not knowing about the previous gold thread disputes and taking an interest in gold now that things are getting more worrying. Also, since the main discussion has been changed to house prices and the economy, why cant gold be discussed there? Its clearly part of the economy. Some say its just an investment but then some say that about houses.

  5. Carpet-bombed for the london am fix...

    :ph34r:

    yeah, cheered me right up. That and the weather. I know why, its because I bought some BV gold last week and some more today. I should be getting some silver pandas in capsules tommorow. Im paying £15 each including P&P.

  6. Yes, that was my primary target. But I think we could easily see 50oz as a bottom. I take 100oz as a given.

     

    hpukingold1930241208bo5.png

    I love this graph. When was the peak of the spike? Looks like about 2004, so I am right in thinking that was the optimum time to sell a house and buy gold? The average looks like 150 oz if you ignore the big spike. Last time a saw Jonathan Davis on TV his house price crash view was in ounces of gold.

     

    This chart on HPC is interesting, I haven't seen it before. It would be great if it had the price of gold in GBP and how many ounces to the average house. I may try and compile it if I can.

    http://www.housepricecrash.co.uk/indices-n...l-inflation.php

  7. yes, I remember that. when gold hit $1000 they printed a huge picture of a bar of gold, not on the front of the business section, but on the front page of the main section for all to see.

    When gold hits $1250 I will watch out for gold pictures in the telegraph. :P

  8. Trying to be constuctive, Kers charts would be welcome if he said "this is what I think charts suggest, but this is what I think long term due to fundamentals". If he was clear on what his veiws are regarding the big picture then we might be able to see if he has a bias with his charts. His bais seems to be gold negative based on most of his posts. Im sure he is reading these comments and I welcome a comment from him in response too these posts.

     

    Ker, if you are long term gold bear then you would find a greater audience at hpc with youre charts.

     

    If you are short term bear then explain how you think short and medium term fit into a bullish long term view.

     

    I personally like your charts, all the pretty colours and lines look nice.

  9. I have a Goldmoney account but am now baulking at the cost involved of buying digital gold.

     

    Looks like to buy between £6k - £60k worth I have to pay approx 4.2% (fees and spread combined) or approx 3.7% if I pay in Usd.

     

    Typically how much over spot would you pay to buy physical bars?

     

    Coin invest charge £20300 when the spot is £20000. Thats +1.5% spot.

  10. UBS raises its gold price forcast to average of $1000 an ounce. http://www.guardian.co.uk/business/feedarticle/8341703

     

    LONDON, Feb 4 (Reuters) - UBS lifted its 2009 average gold price forecast to $1,000 an ounce from a previous price view of $700, citing expected strong safe-haven demand.

    The Swiss bank said it expected investment demand for the precious metal to double in 2009 compared to 2007.

    It said gold had held its ground early in the year despite its usual drivers -- the dollar, oil prices and inflation -- all moving against it.

    "Normally we would have expected this set of circumstances to trigger steep declines in the gold price, but the metal has remained firm in dollar terms and strong in some of the other major currencies," it said.

    UBS said it sees safe-haven demand for the metal tailing off next year, but raised its 2010 gold forecast to $900 an ounce from $700.

    It also hiked its silver price forecasts, to $14.75 from $8.40 in 2009 and to $12.80 from $8.95 in 2010, saying it expected it to track gold.

    UBS raised its 2009 platinum forecast more modestly, to $1,050 in 2009 from $900. For 2010, it left its price view unchanged at $1,100 an ounce.

    "We believe safe haven investment demand for gold will drag platinum higher over the next 12 months," it said.

    (Reporting by Jan Harvey; Editing by William Hardy)

  11. It's a little early for April Fools isn't it? :P The only way I'll believe you is if you find a stash!

     

    Just out of interest the text you mention below "In case you don't know..." is this the text of the book or is this hand written?

     

    BTW - I had a delivery this morning and the 2009 Britannias are very nice!

     

    I see that CID have them in stock. Have you got a picture of them or a linky picture?

  12. Yes, I can see myself now the crazy guy who collapsed his 100+ year old home digging around underneath for a pot of gold he never found.. crazy old ****!!

    Maybe I should buy a metal detector. Always wanted one anyway. Look out everyone!

    As Swampy says, theres no such thing as coincidence, follow the white rabbit.

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