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azazel

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Posts posted by azazel

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    So, cg comes out of the (South American?) woodworks and predicts a correction.

     

    Gold sells off 2%. Yes, 2%, not 5%, 10%, or 15%, as we have seen it selling off in one single day before. A meaning ful correction of any kind is not yet to be seen.

     

    Then he gets a movie star like admiration for this fantastic "call".

     

    Guys, are you all brainwashed? My guess is cg would say "yes"! :lol: :lol:

     

    Oh stop it. I was being polite to cgnao as he rarely comes out of his bunker and I wanted him to know I still love him. If the falls in price continue, which could take some weeks, then cgnao would have been absolutely spot on. Im just giving him credit for his call to £908 as resistance. Besides, compared to realistbears $300 prediction, I think cgnao's prediction is worthy of movie star admiration. You will get your movie star admiration when houses are 50 ounces so stop being all jealous :P

  7. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Yes. That means the JPMoron can buy it's doodoo naked silver shorts back at ANY paper price.

     

    Personally, ATM, I would be more than happy to sell them mine at $140/oz (only to buy gold bullion from the proceeds, of course).

     

    An ounce of silver has to be worth at least £100 based on todays value of the pound. Im not selling until at least £100, assuming prices remain similar to where they are now.

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Even more over here. :)

     

    The people who have advised to buy PMs a long time ago have been proven 100% right so far. And the system is further coming apart at the seems (see EUR-zone). There are a lot of top-callers coming out of the woods now. It seems somewhat mainstream to advise to take (paper) profits in gold. That advise is very dangerous IMHO, given that the US and Europe continue to fall apart from a financial point of view and given that the only answer seems to bve money printing.

    Parting with any gold or silver bullion right now would be pure madness.

     

    EDIT: Over the shorter term, the paper price of bullion is somewhat irrelevant. I would continue to add to existing positions. As I said, we are right in a system/systemic meltdown. It has never been more obvious than now. That paper cash has any in fact value right now is somewhat surreal.

     

    Im all in except about 10k which will go in on a dip. This is not really a dip. I want to see much lower prices before I buy some more G&S. Why would I want to swap some of my metals for some recently created digits? Id like to buy property but that is still too expensive even priced in G&S. My advice (learnt the hard way!) look at a five year chart of gold and judge for yourself if it was best to trade or just buy and hold. Oh and look at the so called dip too!

  16. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I went to the MoneyShow on Saturday, which had been preceded by a convenient fall in the price of silver.

     

    I was comparing the price of CID who I knew were going to be there with their 100kg gold mapleleaf - the size of a pizza.

     

    There was another company I'd not heard of before, bullionbars.eu. aka Atkinsons the Jewellers. He was not as competitively priced, as he was selling Umicore 100g bars of silver. He talked about his margins, and I said what a shame it was I couldn't buy second-hand stuff, because of the VAT only being levied on his profit margin, rather than on the full value.

     

    He thus presented me with a 10oz Johnson Matthey bar for which I paid £174. Beat that!

     

    He said it was worth getting in touch if I wanted to buy more, so I will. I'm sharing this news with you guys as my needs are modest.

     

    I would be interested in one or some. What are you suggesting? Thanks for the tip.

  18. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Interesting... Why do you prefer Heraeus over Umicore? Is it the shape/size?

     

     

    The Heraeus bars are thiner, wider and longer, nicely finished on the tops. The Umicore bars are as well finished on the tops but as the tops are smaller due to the bars being thicker, the sides and base have folds and casting features. Also, I think Im right in saying that the Umicore bars are made from recycled silver. Im not too fussed but I prefer the Heraeus bars.

  19. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Anyone been buying the Coin invest direct Heraeus bars ?

     

    They work out be the cheapest Kilo bars around, but im now thinking I should buy some more popular (Umicore etc) bars that have serial No's / certificates ? as they'd be recognised / easier to sell. Any opinions ?

     

    I have both of those bars. The heraeus bars are nicer than the Unicore bars. Neither came with certificates and both have numbers on. They are equal IMO as they are both recognised kilo bars.

     

    Anyone see this in the telegraph BTW?

     

    http://www.telegraph.co.uk/finance/newsbys...s.html?image=12

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I value your opinion RH, although Im firmly in the goldbug hyperinflation anti government view. I think its a dumb idea to hold dollars as they are at the heart of the problem and will ultimately fail IMO, but the dollar rallied in 2008 when most expected it to crash. So you might be right in your strategy one day, but for me, its "buy and hold silver and gold" (hey a nice little rhyme)

     

    The thing that impresses me most about you is that you dont get abusive or worked up,regardless of what others say to you. It would be nice if you acknowledged when you were wrong or when others were right though.

  25. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hi Guys,

     

    Just a quickie, what are your thoughts on these please.

     

    http://cgi.ebay.co.uk/SILVER-BULLION-BARS-...=item4aa5f84b8c

     

    They don't seem to be attracting much interest with only 2 hrs to go...

     

    JL

     

    The bars on the left look like lead to me. They have a white bloom which is typical of older lead. The bars on the right look like chinese bars. I would consider buying them if they were really cheap but only paying by pay pal using a credit card. Get assayed, if their silver, great, if not claim a refund off paypal or credit card and the only loss would be the cost of assaying and the missing out on owning the real stuff. But I would not bother as Im OK for silver thanks :)

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