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azazel

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Posts posted by azazel

  1. I must confess Gold and Silver have me flumoxed at the moment. Although I freely admit I haven't traded them well, my portfolio is worth less than several months ago and I haven't traded THAT badly. I am now fixed in some longs and won't trade but simply hold. However it still amazes me that G&S remain stuck in a range and keep getting smacked down every time they try to break out.

     

    I'm more convinced than ever they are a good investment in the medium term but I'm generating a better return on my cash at the moment! Why is this? I know markets can remain irrational - I'm one of those STRs who STR'd too early (but not much too early). Fortunately housing is now falling back in line with the laws of gravity. However it took far too long (for my comfort) for housing to do this. I hope G+S won't take an equally long time to rise in line with inflationary pressures.

     

    Perhaps I should just not look at forums and prices until the Autumn... if the Fed keep bluffing about rate rises and haven't stuck them up by then, then maybe G+S will start getting a second look.

     

    I'm in a simmilar situation to you and share the same worries. We need to be patient with this and be prepared to wait a few more years. Hard I know but how long would it take to earn the money we hope to achieve? I don't regret STR. I'm already up about £25-£50K just on the drop in typical house prices. The down side is small compared to the upside. I just could do with some gold action soon.

  2. Yes, I bought some more silver today too. Actually, my holding of silver (in terms of amount of money invested) is now slightly larger than it is for gold... although next time I buy, I'll probably bring it back to about 50:50.

     

    Hi OJ. What silver did you get? Coins? I'm about 1 gold to 5 silver in weight. Increasing regularly.

  3. The tough cookies have been trading today. :) I am a whimp. Buy and hold. If a buy on a dip, all the better. :lol:

     

    Yes I am too, a wimp! Sell when it looks like a rhino horn and buy back when it looks like a fishing line on a rod. When it looks like a rhino horn I'm thinking this could be the next leg up or maybe we are only half way up the horn. I'm thinking of playing with £15,000 worth in Bullion Vault (1kg) and see how it goes.

  4. Oh well, never mind :(

     

    Depends how much you are thinking of buying. I don't see any problem stashing a reasonable amount at your home. Put some in bullion vault or GM too. Don't be greedy and get out gradually and early is my plan.

     

    I also worry about the issues you raised but I'm more worried about not having gold.

  5. Sorry if this has come up before, but I'm curious for those that hold their own physical (S+G) what denoinations do they hold them in, perhaps someone would be willing to offer some percentages? Own up who has £100K of half sovereigns in their loft?

     

    Cheers,

     

    Craig.

    I have 20% gold to silver. Thats five silver to one gold. Its best not to say what is in my loft now we have coppers with angle grinders and tasers on their belts. :)

  6. Done. What do you think about this 1927 SA Sovereign? Looks pretty fake to me. And what does "J21" mean? :unsure:

     

    Regarding the sovereign, the raised edges are quite delicate and can get worn like in the image if used in a pendant or ring over many years. I have some similar. (or maybe I have a fake to??? dooh)

  7. Interesting. Wonder if they will sell in smaller quantities. I'll ask tomorrow i think

     

    Yes I think they will. She said that they are getting some more. I think they will try and get anything you want. I know that they will buy gold bars even though they don't sell the same "brands".

     

    How many Britannias are you after?

  8. Oh i just bought a mix of random silver coins, panda's, kooks, koala's and libertads.

     

    Where did you get the britannias from?

     

    Coininvestdirect

     

    I asked why they dont list them. No interest apparently. She gave me a quote for 50.

     

    Name: Silver coin "Brittannia 1 Ounce 2 Pounds" (Great Britain) (Part No. 20901)

    Price: 12.50 Pounds

    VAT: 43.75 Pounds (7%)

    Quantity: 50

    Total: 668.75 Pounds

     

    Shipping price: 11.85 Pounds

     

    ORDER TOTAL: 680.60 Pounds

  9. Umm lol I got reverse stiched up by coininvestdirect today. Ordered a small stack of random silver coins and ended up being sent 2 nuggets for my troubles. :lol::rolleyes:

     

    nuggetsnp3.jpg

    woooot!

     

    They must be worth about £900. How did that work out? How do you buy a random stack of silver coins on coininvestdirect? Cant see it listed anywhere.....

     

    I ordered the Britannia's BTW

     

    What are the two kangaroos doing on that coin? Making Joeys?

  10. I just been stitched up like a kipper on a gold sovereign on ebay. I got sent a silver crown instead! I specifically asked about the colour looking a bit grey and she confirmed it was defiantly gold. She now claims that a coin collector told her it was a gold sovereign, but she sold a gold sovereign a few weeks ago so she must know what one looks like. She has agreed to pay refund if I send it back. She got good feedback and seems genuine. I offered her £13.00 for it but she did not take me up on it. First time I had bad experience with ebay.

     

  11. I have a few questions about BullionVault.... just been looking at their website, but need to spend more time reading in-depth... in the meantime, if anyone can give me some quick answers.

     

    1. What country (i.e. Zurich, London, New York) did you choose to hold your gold relative to your own location? If it is different to where you live, why did you choose a different country (this question is more for those who live outside of one of those 3 specified locations).

     

    2. What's the minimum investment amount?

     

    3. I understand you pay by bank transfer... is this the same when you wish to withdraw funds (i.e. can you transfer back directly into your bank account, or do they have to send you a cheque in the post)?

     

    4. Do you invest the full amount, or do you have to leave a small cash holding to pay storage fees/charges?

     

    5. If you wanted to try and time the market, can you sell and hold cash before going back in again, or is it not worth it with dealing charges?

     

     

    The minimum investment amount is 1 gram which they give you free anything above that. £20?

     

    Bank transfer in and out of same bank account.

     

    Fees charged and taken when you sell

     

    I worked out that if you sell and the price of gold drops $150 you covered the fees. Am I right about this?? Anything more than that is profit although I have not done it yet! Planning to give it a go.

     

     

    Who is Thod in HPC?

  12. Ouch... that's like a 50% premium over current spot price!!

     

    Be nice to get a few, but it seems so much easier (i.e. cheaper) for those in the US to stack silver.

     

    I think for us in the UK, silver is better for coin collecting... Think I'll just go with BullionVault for a few grand.

     

    They are more to buy than spot but they can also be sold for more than spot.

  13. I have a few questions about BullionVault.... just been looking at their website, but need to spend more time reading in-depth... in the meantime, if anyone can give me some quick answers.

     

    1. What country (i.e. Zurich, London, New York) did you choose to hold your gold relative to your own location? If it is different to where you live, why did you choose a different country (this question is more for those who live outside of one of those 3 specified locations).

     

    ----------------------------------------------------------------------------------------------------------------------------------------------------------

     

    I chose Zürich as its the most popular so I guess it will be the easiest to sell in. Also there is less chance of the vault being raided by the "police"

     

    I got a price for the Brittanias btw. 50 x 2008

     

    Name: Silver coin "Brittannia 1 Ounce 2 Pounds" (Great Britain) (Part No. 20901)

    Price: 12.50 Pounds

    VAT: 43.75 Pounds (7%)

    Quantity: 50

    Total: 668.75 Pounds

     

    Shipping price: 11.85 Pounds

     

    TOTAL: 680.60 Pounds

     

    That makes them £13.38 each at todays prices.

    China pandas are £13.18 each for comparison.

     

    I think they are quite "reasonable" so I'm going to buy 50 of them but she said that she can get some more. I ve seen them sell for £13.50 - £17.00 + £1.50 P&P.

     

    http://search-completed.ebay.co.uk/search/...o%3D2&fgtp=

  14. OK jokes over, can someone please tell the US to STOP knocking down the POG! This is getting boring... It's like coming home after a hard days work to find your house on fire...

     

    Are there any current estimates as to how long the supplies will last before they run out of physical?

     

    Im beginning to see this differently. I think they manipulate the price up and down so as to sell on the highs and buy back on the lows. Then there are the up legs that adjust the price of gold. And then its back to the routine of harvesting profit.

  15. The current gold chart pattern (correction/consolidation) that has formed since the March $1028 high looks very similar to the pattern that formed in November and first half of December 2007 and second half July and August 2007. Both of the 2007 events preceded a large leg up. The current pattern looks like a larger version of the one before.

     

    Does this indicate a big rise coming?

     

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