azazel

£6.74????

You could try bairds, they advertise the prices they pay on their website. Can anyone suggest a good gold price chart for android phones? Does bullion vault charts work? Thanks

I have seen some nice reductions but houses here in UK are still ridiculously over priced relative to earnings as you can see from this chart Houses are still overpriced relative to gold, but its getting closer to fair value...

Great post on the hpc website by 50squiff "Calling gold a ponzi scheme - how hubristic and ahistorical can you be? If you believe gold is following a conventional bubble cycle, then presumably at the top, euphoric investors will declare a 'new paradigm' and proclaim gold to be the only true money. The obvious flaw in this interpretation is that gold advocates aren't calling for a new paradigm at all. On the contrary, Gold bugs are drawing on a paradigm that is older than the Old Testament. No 'new era', tortured logic or pyramiding of credit required. Conversely, it is the born-again Keynsians and vehemently anti-gold crowd that need to justify their new paradigm. They seem to possess an infallible belief in violent Western monopolies and their ability to dictate monetary affairs through digital alchemy. On the contrary, history suggests that monetary regimes have a remarkable tendency to self-destruct. If you believe this time it's different, then good luck to you."

I didnt think he was a moderator although he really hates those who understand gold. I think the unreasonable banning is due to the fact that most of the moderators hate gold but wish they had bought some when they were busy over moderating discussion of it in the main forum back in 2008. Their cash is king is devaluing with house prices only falling gently, whilst gold is soaring. They must be pretty bitter about it, hence their irrational banning of anyone who reminds them of their mistake! Its quite entertaining really....

I can't see large drops in gold here what with the euro crisis & the dollar debt ceiling crisis. I guess there is the chance of a take down by the ptb in the same fashion as the silver, but they can't keep that up forever.

The mods are out of control and are hell bent on wreaking whats left of the site. Their banning of anyone who's views they don't agree with is like sticking their fingers in their ears and going la la la in the face of reality.

Have they banned you too then Pix? Ive been banned for no reason. I had my posting ability censored by the mods as I quoted and linked from here what cgnao said about the fall of the pound v euro and then I was banned when I requested that the restrictions be lifted. The place is a waste of time and pinning a new gold thread in the main discussion area is really an admittion that they made a huge mistake that largely undermines the basis of their website. Yes there will be a huge house price crash, but mainly when priced in gold. They may be able to reverse their mistake but golds double the price and they're three years too late. Its a shame that they may have discouraged some from benefiting from it.

Clearly the public phase of the gold bull is here.....All the years they have tried to discourage discussions about gold and now that what the goldbugs have said is proving to be correct, they are encouraging gold to be discussed!! Three years too late!!

Regarding gold, Martin Armstrong thinks "We are due for a correction – It’s Just Time. The months ahead are September and November in particular for turning points." http://www.martinarmstrong.org/files/The%20Fate%20of%20Gold%20and%20Oil%20Front%20Runner%2007-04-2011.pdf

Yer me too. Im also glad of Goldfingers buy and hold advice as I would have been lousy at trading. Cgnao stark warnings and dramatic posting style spurred me into buying gold and silver and goldfingers sensible ratios to houses etc made a great case for gold. Thanks guys and please keep posting!!!

Good point...

The only asset I see falling in price will be property. Otherwise, energy and all commodities will inflate driving up labour costs. Interestingly, some sectors are prospering (Farming,mining) where others are struggling (Retail and services) and I would expect that to be reflected in stock prices.

I liked these bits The Titanic analogy grows increasingly apt. The various major currencies all face real challenges and are like various floors on the Titanic. The massive ship is holed and water is flowing into it, gradually affecting all floors of the boat. Gold represents the lifeboat. When the passengers on the various currency floors(the dollar, euro and pound floors) realize that the ship is going down there will be a scramble to get into the golden lifeboat. Gold and silver bullion remain tiny markets vis-à-vis equity, bond and currency markets and are thus like lifeboats which can only fit so many passengers. As the ship of the international monetary system flounders and denial is replaced by a realization that the ship is going down, investors and savers (retail and institutional) and central banks, will “pile” into gold. Gold bullion remains owned by a tiny percentage of retail and institutional investors and there has not been any “piling into gold” yet - contrary to some sensationalist reporting. The risks posed to all fiat currencies and the real risk of an international monetary crisis will likely lead to a gold mania phase when investors and savers do actually pile into gold. This is when gold will likely go parabolic in price as it did in the 1970’s when it rose 24 times in 9 years. Gold’s gradual rise in recent years is in stark contrast to its parabolic rise in the 1970’s – particularly in 1972, 1973, 1974 and 1979. Gold surged by 49.7% in 1972, 73.5% in 1973 and by 60.1% in 1974. In the final phase of the bull market in 1979, gold surged 140% in one year. Gold’s recent rise has been tame in comparison with the animal spirits remaining subdued and media coverage remaining very limited and skeptical – especially in the UK and Ireland.

I know this is off topic but I didnt want to start a new thread for it. What do you make of the story about the IMF chief being charged with sex offenses and now locked up without bail? I suspect there's something going on here, with the Americans punishing him for something other than the sex offense.

Yeah, I thought that. I'm not sure which chart it is but it isn't the correct one. The article has been written by someone who knows nothing about gold and who thinks things are all about to get back to "normal". Notice that the BBC have failed to even run an article about the US debt ceiling which could lead to a default or more likely QE3.

You've been wildly wrong on gold for the last 4 years so your opinion is ridiculous to say the least. If you have any gold I would buy it off you for $500 an ounce, but you dont have any do you? I wish you luck with your paper.

http://youtu.be/TB6MJnzhMYY Sorry if this has already been posted, there was an interesting piece on RT about libya trying to sell oil for gold and avoid the dollar and encouraging other countries to do the same.

I vote for chris ct silver bottom, sorry pix..... Personally, Im looking for a golden bottom, and this is what I found.... As Jim would say, Look at the French curves....

Interesting. There is a blacksmiths forge near me that is powered by water and they made tools for agriculture. I learnt that the wage for a skilled blacksmith around 1850-1900 was 7 shillings for a 6 day week which is just over an ounce of silver. In todays money, that puts silver at £500 an ounce?

welcome back GF. You were missed! I would have thought that silver would breach $50 before a losing 30% in consolidation before moving higher in the public awareness phase. I see that adverts are appearing in America trying to sell gold and silver to the public but I have not really noticed any in Britain yet. Whats it like in Germany, I know many have an interest there.

I have this idea that people would rather eat local natural food from the growers and that the supermarkets can be bypassed, a farmers co-operative if you like. A scaleable buisness perhaps. You could even invest in farmland by buying some of the land, a bit like bullion vault. When the time comes I will buy a farm....