azazel

Just because it's only been in recent weeks that I've felt I have enough spare cash to consider buying some gold and/or silver, I don't have any so far, which of course means that, if I were to choose to buy some today (for example) all of my holding would be at today's prices.

 

It feels as though buying into gold when it's had several months of good, solid bullishness is the behaviour of the herd, and I'm trying to avoid that, especially when (a ) I don't feel sufficiently well-informed to work out the odds of continued short-term bullishness, or (b ) it seems that a number of commentators for a while now have been suggesting a correction in gold's price in fairly short order (not least of which are Frizzers' own thoughts as in today's Money Morning).

 

Given that I'm looking towards at least medium-term investment (say no less than a year, and possibly quite a bit longer), would you consider it best just to buy some gold in light of its slight correction in the last day and to weather the possibility of greater short-term corrections soon, or perhaps await a greater correction in the coming days and weeks, then jump in, again for a medium-term period?

 

I accept that any replies won't count as investment advice, but I'm aware that many of you may speak from the stand-point of already having significant holdings (which, of course, were purchased at a cheaper price), rather than considering the position of currently having no holding at all.

 

Thanks, as ever, for any thoughts!

How much are you planning to convert to gold & silver?

looks like they stopped me from posting now. Freedom of speech gets more rare every day.

Hi, everyone,

 

Thanks for the heads-up re where to come that you posted on the HPC "not gold" thread, azazel.

your welcome

They deleted my post directing people here. I also offered to convey their apologies here, to encourage us to go back to HPC but they deleted that one too, so I guess they are not sorry.

eyup there GF, Pluto and co.......

 

Steve

hello steve

They have unlocked the old gold thread but with the threat that it will be locked again if there is any more discussion about its location. A bit fascist.

Hi all, from another dispossessed HPC goldbug.

 

Hoping to be able to continue my education on all things yellow and glittery

Hello. Now who is making the tea? Feel quite at home already

Not as much gold as I would like but I've been concentrating mainly on silver lately. I'm 100% physical but I'm in the process of becoming cap registered on goldmoney.

You prefer goldmoney as they do silver? What do you think about BV?

Oh, and a little bit of UK housing news if I may be so bold.

 

Abbey National are going demand 10% deposits are reporting that the majority of FTBs are holding off buying regardless. No more, "gotta get on the ladder" nonsense.

 

http://www.mortgageintroducer.com/mortgage...s_FTB_fears.htm

Err sorry thats off topic. Any more of that & you get banished hehehe

http://goldismoney.info/forums/showpost.ph...;postcount=8336

 

 

I wonder what he includes in online gold banks. GoldMoney and BullionVault are no 'banks'. There is no credit risk or derivatives riskas far as I can see.

The thing I worry about is that you haven't actually got the gold when its in B.V., just promises and words. What happens if the net goes down? Although it looks safe to me I guess we don't know what the future holds. I would have done better if I had put all my ££ in BV but I think I'm happy with my positions. I might even try and time it so I sell my BV gold and trade it for some physical. Going to wait for the same day bank transfer in May I think.

They should arrive on thursday or friday. Sonia at coininvestdirect says they come in sheets of 20 rather in a tube. Going to have to figure out how to stash em.

 

was a nice price I thought.

Yes it was quite cheap. I dithered as usual and just went for a modest amount. I just picking up bits now from ebay or if there are any other "special offers". Have you got much physical silver & gold? Im about 2/3 physical and 1/3 BV

If it doesn't hit $1000 before hand, that 75 basis point cut on 18th will guarantee it.

You got your phillis* yet narco? Let me know when you get them. Hey I got a good deal on ebay on Saturday. 1kg silver argor £355, three of them (£1065) and 14 eagles £10each, £140. Bargain Think the seller was bit foolish.

*Edit, Thats 1 ounce Philharmonics, not syphilis

Regarding this smack down, it looks no worse than any other dip since the beginning of the year. Looks like it could go down to £15500kg. I think the next time it rises again it will clear $1000. Do you think we will see strong growth like we saw 14/12/07 - 11/01/08 without correction again soon?

I just don't get it. Why would they do that? Theres cleverly worded messages being posted in the forums at HPC directing interested peeps to this site. I agree with you Goldfinger, might as well be here if its not in the main forum at hpc. In the main forum it was easily accessible to newbies, like myself who would not have thought about gold otherwise.

Prices are going up everywhere. Petrol, food, building materials etc. On radio four today they were trying to explain the reasons and guess what, they did not say that the money was devaluing or high inflation but said its the weather, demand from China bla bla. Now when I see that petrol & commodities have gone up I know that pressure is on gold to go up too. So bring it on.

So will we all go back if they restore the gold thread? Is this Dr Bubbs website?

Thanks to all you guys for your input over the last few years. I have learned allot. It is important for me to keep my finger on the pulse as I have sold to rent and gone very heavy into PM. I have no regrets (yet). Except that I should have "protected" myself sooner and I might of got better deals on the Ag and Au for my money had I shopped around. But, I sold my house at the top of the market, bought PM over the last 2 months and I'm already £20,000 up and house prices are clearly going down.

A few questions, I wanted to buy physical silver and went to ATS and they sold me Umicore 1kg bars. Do you think I should have asked for Argor or Johnson Matthey bars etc? Or does it not really matter?

Narco recommended the Coininvestdirect.com website which is cheaper than ATS. 1KG of gold was about £16,000 but at ATS it was £16,400 so I regret not having asked sooner!

I am not rich or a big investor but I'm trying to do the right thing for my family so I can help the kids on the property ladder when the time comes.

Any hows, the gold thread lives on.

Hello.