azazel
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Posts posted by azazel
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I use Kitco Kcast and I just had to look twice at the movement. Silver lost a dollar in a few minutes, it seems.
You're a brave man indeed if you're putting your STR fund in PMs (I know, cue people telling me that fiat is the biggest risk of all).
fiat is the biggest risk of all
Have you ever switched from USD to GBP on bullion vault chart and the graph thinks that the price in USD is GBP making the chart look eyepoppingly tasty?
I just looked at gold in GBP and it was on £840 an ounce! Now that would be volatile!!
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WTF!!! who farted in the gold exchange????????
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Don't know but Krugs are now £525.37 on CID.
It's nice to be 'Back in Black'.
Indeed. And hello to everyone. Seems to me that conditions are ideal for taking out $1030 over the coming weeks and months.
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Looks like silver is available again on coininvestdirect.com
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Back above $866 and climbing...
anyone want to take a punt on where this rise will end?
[/quote
Id like to see $100 in a day. Rise that is!
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What the hell have you guys done ?!
I go to bed, 780. I wake up, 860
:blink: I decided to load up the trucks.
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Evening all, long time lurker here and finally sign up just as everything starts kicking off....
Can't quite believe the rise today in gold, and then travel home to find it busting straight through $850, where next??
p.s. many thanks to all the posters here - I've learnt a lot from the discussions here, and hope I can contribute something too.
WELCOME!
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hehehehe! lift off!! Hang on......
Doooh. I wanted to buy some more coins before they went up.
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Slightly off topic but I tried to buy some silver from coin invest tonight and every coin is giving me this text.
Lunar 'Mouse' 1 Oz silver 2008
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Country: Australia
Weight: 31.10 Gramm
Purity: 999 / 1000
Buy Price: £6.88
SELL NETTO PRICE: £9.09
SELL BRUTTO PRICE: £9.09
This item is not available for shipment to the selected Ship To country Great Britain until next calendar year. For 2008 we have reached the limit of VAT liable goods as per Article 34 of EC directive 2006/112/EC, VAT directive. Please chose a different Ship To country.
:huh: Anyone else tried?
I will try and get some more info on it tomorrow. Perhaps the vat rate will go back to 7% next year?
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Any more news on this? I can't find anything on the site.
Try and buy some and it says that delivery is not possible to GB. Looks like the end of reasonable priced silver until next year. I will be buying only gold from now on.
I hear BullionVault are considering doing VAT free vaulted silver, so maybe I will get some there.
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All silver now unavailable from coininvestdirect for delivery to UK!!! Blimey
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All silver UNAVAILABLE from coininvest now!!! At least to the UK.
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Quit whinging buy financials then
Been having a nosey on ebay folks and 1 kilo silver sold for 530 quid 2nd sept
1 kilo silver buy it now for 485 quid today
I oz krugger 475 quid today
better hurry up and get yourselfs some phyical while its still cheap.
Seems that money laundering crooks are prepared to pay more on ebay than a dealer that might pass on the details to the law. Thats my theory anyway. What about the 1kg gold bars for sale for £16,500? Can get them for £14,000 from dealer.
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I have to say I bought to hold with a long term view but the last few weeks have been devastating, but hey fcuk it them gold and silver coins are still nice to touch and look at.
Every cloud has a 'silver' lining and you have to keep your glass half full.
Yes they have been devastating but the physical prices aren't down as much as the spot prices. If I had kept the money in the bank and then bought now I wouldnt have made much difference. I notice eagles are cheaper but phils have gone up.
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gold and silver really taking a hit. Strange how the price of silver coins have gone up though. Phils at £10.80 even though the spot is now below $11. Weird.
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pardon my ignorance, but wtf!!
I was 1 day late with payment on a brits order and I got a shirty (automated in fairness) e-mail asking where the funds were, so I think they have taken a shine to you azazel, cos I cannae get away with canceling an existing order.
Maybe I'm mistaken then. I have made some large purchases so perhaps they were easy on me. She sounds a babe so maybe you are right about the shine
If they did let you cancel an order I wouldn't abuse it
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Just bought some gold & silver.
Expect massive drops.
I ordered 100 ounce silver coins over the weekend. I will wait until the end of the week before I pay for them in case the price drops, in which case I will reorder and cancel existing order
That way I wont be too disappointed if it does fall further! -
Financial planner, Jonathan Davies over at HPC has gone bullish on gold and silver. Has good track record too.
http://www.housepricecrash.co.uk/forum/ind...showtopic=86625
Silver coins are back over £10 too. I think we might be in for a rally.
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So what will gold do tomorrow or even at 10 pm GMT? And silver? I cant see it messing around 800 for another week. Its either big up or down
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One ounce 999 silver coins for less than £10 including 17.5% VAT.
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Tomorrow is decision day for me as funds land in BV a/c tomorrow. I realise I am lucky that I was too lazy a few months ago to pursue the idea of buying gold, given that pog has fallen. But now that I can its difficult to buy into a sliding market - trying to decide should I buy in one go tomorrow or just take a dollar cost averaging approach?
What would you do?
Wait. When there is evidence that the price is defiantly moving upwards again, buy in gradually.
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Er, speaking of anti-goldbug, here I am...
Doesn't that graph make gold look like a pretty awful investment or inflation hedge over the period. From 1985 to the present day, any investment or savings account paying 3% interest would have beaten it. Not terribly impressive. Admittedly it would have beaten a pile of cash in a shoebox under the bed, but that's about it.
Timing is every thing when investing. I should know because I specialize in bad timing.
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A new vote on price prediction for the coming months would be interesting now.
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Some earlier comments and charts have got me seriously thinking - since mid July we've seen a fall in PoG from ~$980 to 800 (19%), but thanks to the weakening £, only £490 to £450 (8%).
What are your thoughts for the following: short term (pre-Nov election) price of Au and oil (in $) and $/£ ratio?
My feeling is the fall in £/$ has been too quick, and over the next 2 months will stabilise or go to $1.65 and head back up. This is going to be a global recession, but at the moment it seems to be reported as the EU going into recession and the US already recovering. After the election I think sentiments going to change and the $ is going to return to it's downtrend, just at a similar rate to the £ (and euro), so after an adjustment we'll all head down together. Concurrently, I think gold (and oil) is going to be held down til after the election before it heads up again.
The question is getting the balance right - if the sterling recovery begins before the gold recovery, then there's the potential to lose 10-20% due to £/$. If the gold recovery begins before sterling then it's evens.
Personally, I've only lost a few % on my gold investment thanks to the falling £, and I'm very tempted to cash out for a few weeks to watch the market...
This is exactly what I've been thinking. If gold plummets further and sterling recovers, it will be double trouble.
:blink: 
:huh: 
That way I wont be too disappointed if it does fall further!
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
My wife's easy going about our 100% investment of STR fund. Perhaps we need a new thread for wives of STR husband that have spunked the fund on PMs! Depending on the price of gold, they could discuss torture methods or tasty cooking.
:lol: