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azazel

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Posts posted by azazel

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    It's not that new-comers are impressionable, the problem is time is of the essence. Whilst someone might takes 4-6 months to be fully read up on the subject, familiarising themselves with seasonal swings, historical x:gold ratios, it would be very easy to make the wrong decisions. Going back a few years, I had to decide who's opinions I trusted, so I could gain exposure to gold before I had the full compliment of skills to draw my own conclusions. People like G0ldfinger and CGNAO were instrumental in this process. For me at least, it's important this information continues to be passed on.

     

    Yes, I will second that.

     

    I can also admit that the buy and hold strategy is the least stressful, and the most profitable. I sold some gold at £24,150 hoping for a drop in prices so as to increase grams and so far it has failed badly! Fortunatly it was only a relatively small amount of my overal stash. Im still confident that gold will fall back over the summer but it hasnt finished going up yet.

     

     

  4. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    sarnia have withdrawn some coins as they are now apparently too expensive to post without VAT.

     

    Just had a load of Philharmonics turn up, nice coins but I really dont like the non-milled edge on them.

    They look nice in a stack IMO. Stacks of stacks look better still...... :P

  5. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Worth clarifying for those that don't know,you can place a single order for more than one coin, but for the above reason, they are sent out individually.

     

    Looks like their buisness has a shelf life on it then. As the price of silver rises, they will have to stay under the £18 limit although they could charge extra for postage.

  6. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Silver really motoring in GBP here. CID are lagging behind spot prices IMO.

    CID sell £550....buy £428....

     

    Latest from ATS as of 15:45 uk time......

     

    silver 1 KG £605 inc VAT

    1kg gold sell £27,890 - buy £26,030..(b,stards.....)

     

    £893 krugs

    £909 brits

    £23.50 silver brits

     

     

  8. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Why a 'dick'?

     

    I went to my local coin shop yesterday, and their invoice book had only moved on by 19 since my last purchase at the beginning of April. :unsure:

     

    Still, I did notice someone else in there at the same time and that's a first. I've always had the place to myself before.

     

    He tried telling me that Bairds gold is rubbish and ATS only sell GDB. He suggested that Bairds cheque might bounce and his attitude was biggoted. Sandra is nice but dont know why she employed him though.

     

     

  9. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I went to ats to get some Brits this week as well, but security said I had to queue in the lobby because the office was too crowded with customers! I didn't have time on my lunch break and decided to go back next week. Big mistake. Strange that none of the newsletters are talking about how busy dealers are. Maybe it's only in the uk/Europe.

     

    Ive gone off ATS. They are too expensive to buy and offer a mean price for selling. Also, theres a guy who works there who is a total dick.

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Don't you think there's some sense (in principle at least) of selling some gold when it looks peaky and then buying back more gold when it's looking... erm... troughy? :)

     

    Some people seem to be of the opinion that it's utterly crazy to sell any gold ever presumably because it might continue upwards (with many a 'on your own head be it'), but isn't that the exact mirror of deciding not to sell some gold and it goes downwards? It's possible to 'lose out' either way -- selling/trading or holding.

     

    To my mind, the ultimately idea is simply to make more 'money' or more 'value' (where that may be to end up with more gold). What's your goal?

     

    Only if you simply love gold and you want to keep it and stroke it and polish it does it never make sense to sell any.

     

    To come at it from another angle: due to its volatility, when gold rises from, say, 1000 to 1200, if you could straighten out the saw-tooth way it got to 1200 by trading some of the volatility, it's grown by much more than just 20%.

     

    If you had a 'more often right than wrong' approach (or even just a knack) of trading some of that volatility to your advantage, why wouldn't you?

    Look at gold over the last 5 years and the sensible approach feels like buy and hold. I sold some when it looked toppy at euro 27,200 but now look at it!

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Interestingly, coin invest told me today that the largest item someone in Britain sold to them (sent to Germany) was a 12 ounce coin. Not one person in Britain has sent them a kilo bar, but they regularly recieve bars from other customers, particularly Germans. Surely not our friend G0ldfinger???? Clearly gold has yet to go mainstream, in Britain.

  13. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    515.05 for 44oz = 40.10oz

     

    = 12.84 per ounce

     

    in my experience pre-1920 lots always sell for a fraction over spot, so this is about right

     

    beats paying the VAT anyway!

     

    useful site here-

     

    http://www.metric-conversions.org/weight/o...troy-ounces.htm

     

    Trouble is, although he said that he had been advised they were all pre 1920, there is at least one coin in there that looks newer and possibly some foreign ones too. The thing is I rushed into buying them. I might decline to buy them.... I had a bad day dooh!

  18. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    100kg coin?

     

    Slap that on the counter at the offlicence and you'll get some raised eyebrows!

     

    Nx

    Better to drop it on an estate agents foot when he ask for evidence that you can afford the house costing 2 million that you have requested to look round......

  19. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    No but I thought about it. Do they come in a plastic card or something? I don't think I'd like that. I want to be able to weigh and measure my bullion!

     

    Yes it does come in a plastic card with all the details printed on it. The card has a coin capsule moulded into it so you can pop the lid of to stroke it if you must. I think its worth having a bit of the purist gold you can get and I much prefer the design which is the same as the 100kg coin.

     

    Errol, I like the silver eagle (I have no gold eagles), nice coin, but I prefer the pandas.

  20. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ok, it's a 1oz 9999 maple :rolleyes: . At the moment, they only have the special 'olympic' ones (over-priced by about GBP20!) and the 99999 ones which are quite expensive imo. the 'Verschiedene Jahre' ones are 999's. I'm not too keen on those really early ones as I have one with a bit of red-spot.

     

    Have you got one of the 99999 maples? I think its my favorite 1 ounce coin. Im suprised you got red spot on 999 gold.

  22. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I was in Verona recently - with my wife. She went into Juliette's house and on the famous balcony, while I made use of the coin shop in the yard. Some nice and very reasonably priced silver coins.

     

    Perhaps she was hoping you would call up to her with romantic sayings instead you were stroking the silver coins? :rolleyes:

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