Saberu

Technicals are good for short term movements and predicting seasonal behaviour but I don't think they can predict overall price direction in the long term. To say that they will discounts real world factors like sentiment which is going to be strongly affected by the wave of inflation we have coming.

I think I would have saved the robbery comment for the second email...

I know a little about software and I think it is laughable that such a thing as a "bad tick" exists, all it is is a tracker. It tracks a number, there should be nothing fancy going on! It's definitely manipulation in these cases and probably most cases, I wouldn't be surprised if some of these institutions have planned instability randomised into the system to catch these close stops.

As someone else said, just widen your spread so that the stop is lower, it's highly unlikely it would be hit then assuming your not unlucky and contending with huge manipulation in the real market at the time.

Noooo go back down again I don't want it going up yet as I haven't invested enough! If it stays at 900 for the next 6 months that would be ideal but alas that could just be a dream. Cmon you central banks, short that gold quickly! Can't let the sheeple believe in a coloured metal. I'm more worried about silver going up with it to be honest as I may end up being 2/3 silver and 1/3 gold in future

Now is a great time to sell art because the super rich are three times richer than they were a decade ago. At the expense of the rest of us..

http://www.silverstockreport.com/2008/crunch.html.

That seems incredible, is there any evidence to back this up? Something on those dealers websites perhaps mentioning it. If so I'm going to forget gold and go all silver once I get some money

Also, what makes you think the Chinese will pursue a strong currency policy? When the western economies finally collude in lowering interest rates and monetize their markets, the Chinese will react to prevent over strengthening of their currency, or face a devastating loss of export revenue.

Well I think China will be the consumer of the future and pursue a strong currency policy. I told my theory to my grandad last Christmas and he agreed, he's been working in the banking industry for many years so if he agrees with me then that means a lot to me. China will move away from exporting anyway as the West's currency devaluation means there will be much less demand as peoples paper wealth evaporates and incomes don't keep up with hyperinflation,

I think your failing to see the whole picture to be honest, what makes you think there will still be huge demand for China's exports?

Even if you are right that despite their 1 trillion trade surplus they have somehow managed to have even more debt, at least they are investing that credit into infrastructure- and on a huge scale. China will be like how the UK was in it's hayday, decades ahead of the rest.

CPI up from 2.2 to 2.5 - a whopping 14% increase!

Will this have any direct effect on Gold ?

Shouldn't do, everyone who is an investor should know CPI is a lie as it doesn't represent real inflation yet is quoted in the context of inflation.

I'm starting to question whether gold really is the best investment in this financial crisis. Surely the best way to look at things is in terms of credit expansion and hyperinflation. It will come down to the pound and dollar being worth a lot less and the Chinese Remnibi being worth a lot more as they have a huge trade surplus in China. Perhaps it's better to invest in the RMB because in 10-15 years time the currency ratio to the pound could be the opposite (14:1).

I'd rather take a bet on that than gold reaching $14,000, wouldn't you?

Or am I completely missing something here?

Yes, completely. In a stock market crash even solid companies get burned, I think it's a lottery staying in the stock market in any company to be honest. But then again I am very bearish, my opinion is probably closer to cgnao's than Dr Bubb's.

I decided I'm not even going to risk using Bullion Vault because if Lloyds TSB and all the other majors collapse I could risk losing my investment. IMO 1st person physical is the only way to go, in the event of societal collapse you should be able to get on a plane tommorow, though I won't have that problem because I'm moving to Asia in May already. China will be a lot safer than the UK.

I don't know, it seems as though oil is breaking out to the upside and the dollar index breaking down to new lows, not sure how much longer they can keep Gold sub 1000. Although I agree it is a massive psychological barrier.

Looks like I was wrong, it will be very interesting to see what effect breaking this psychological barrier and the media coverage of hitting $1k has made. I think the reason I doubted it is because I had to take out my gold investment to invest in my business so i was kind of hoping it wouldn't haha. Nevermind I should be back in gold within 2 months!

Agreed.

A jump thru $1,000 could come at any time now

I don't believe it will, I think because $1k is such a big psychological barrrier the banks and governments will try hard to make sure it doesn't reach that by sabotaging the gold market with gold leases. Their efforts will broken at some point so perhaps that point is a few months away rather than soon.

There may reasons to consider the banning of bottled water as sinister, but I don't think the non-banning of Tizer at the same time is one of them!

Ah but then some people think the quality of bottled water is better, how can you justify not letting them buy bottled water (which is healthy ofcourse) in comparison to a sugary drink which is very unhealthy and equally as damaging in terms of shipping the bottles and creating the waste packaging?

A wonderful idea: Bann bottled water.

But the justification for banning bottled water without banning all the other bottled drinks doesn't follow. If they only want to ban one it seems very sinister to me, perhaps flouride poisoning is the way of the future to keep the population docile

Also in places like London bottled water is your only option unless you enjoy drinking piss. Hence why it's no surprise that London Mayor Ken Livingstone wants to ban it- there must be some agenda there.

It might go through (I seem to be under moderation) but I doubt it.

It won't unfortunately, luckily for me when I posted asking where Goldfinger had gone someone gave me a link to GEI minutes before the thread was locked. To be honest I'm kind of hoping GEI doesn't go too main stream because we all know that most people on the HPC forums don't share our intellect but then thats obvious as they didn't invest in gold

Some interesting remarks in here about silver. Personally I think silver is a bad idea because it's much more difficult to carry around with you as opposed to gold where a single kruggerand is worth ~ £500 and I have about as much faith in the global monetary system as cgnao so you can bet I will be carrying them with me when I move abroad. However I would be interested if anyone knows a big bank (HSBC etc) that offer safe holding services for valuables like gold.

Also a while back a famous investor tried to buy all the silver in the world in order to force the price up, in response to this mining companies just mined a lot more silver and put all their silver stocks they had onto the market forcing the price way down, needless to say he lost a fortune.

It seems to me the reason the price of silver is going up is because people are considering it as an investment and for that reason alone I'll still be going 20% silver which should only be around 100 coins if I invest £4k in gold, £1k in silver once I can afford it.

Either way gold is definitely going to rocket (sorry I don't have a picture!) and I for one will be buying Goldfinger a drink when gold reaches $10k, even if he is a millionaire from his uber gold investments

Since we all love Realistbear I thought I'd share this reply I made to him on HPC to possibly the silliest thread he's ever made.

http://www.housepricecrash.co.uk/forum/ind...showtopic=69915

Will be interesting to see his response Or maybe not as he never listens to anyone anyway.

Yes, thanks for the message, and I'd definitely have a look around on such a site. Another poster has pointed out that the profits in such businesses like HPC are possibly rather small. I don't know anything about it. But I must admit I also have never clicked on any of the ad banners.

Me neither, it's usually lurkers that click in my experience. Your average poster won't have a clue about how good the profits are (no offense) but being in the internet marketing game already I know for a fact they are very good in the finance niche. When the sites finished I'll show you, i'll be farming all the good thread topic ideas from HPC which should give visitors a lot of encouragement to sign up on top of the encouragement of gold rocketing in price

To be honest I was probably being a little too generous with my offer but thats only because I have more interest in making the community than I do in making the money, thats not to say there's not a lot of money to be made I just have another site idea (think Youtube, Google etc) which could go so big that money is no longer a big issue in my life. If you joined me now or joined me down the line at some point I'd also make you a moderator if you wanted.

Goldfinger you have to admit, you are a posting machine! Surely you realise thats a skill in itself

It seems like Bernanke's speech halted the recent uprise in the gold price. Won't be long before the next spike though

Goldfinger did you get my private message? If your not interested thats fine I'll just invite you once I have a good community going as at that point you'll probably want to join anyway

Interesting stuff. Magpie however thinks FP is not the owner, and the mods are mostly unpaid. Possibly after all it's just Oldie who got annoyed by something.

 

EDIT: Need some lunch now. Back later.

So FP isn't the owner then fair enough, but someone is. The mods are unpaid because the forum owners are tight bastards and won't pay them despite earning lots of money out of it. I'll still be going ahead with my forum idea with or without you, I just wanted you onboard because I think you are a great poster especially when it comes to gold and I assumed you'd want to earn money out of posting. Consa knows what he's talking about, and you can bet Financial Planner earned money out of his publicising of the website.

I'm also planning to put very useful graphs on the site, including one which compares gold to average house prices and is updated every hour.

FP is definitely not the owner of HPC. Also I genuinely doubt that they make millions out of it, though obviously there is some revenue. But I think the moderators are unpaid - so long as I know apart from the original owner being bought out, the financial interest now is all in Fubra.

 

Consa might know more than me.

OK my bad, I just assumed he was the real owner. But they DO make millions of pounds out of it, thats a fact. Google adsense pays very highly for financial related adverts, we are talking between 50p-£2 per click. An average click through ratio for a website is 2.2%, do you want to do the maths or shall I? Then they earn even more from the non-Google adverts.

I'm already heavily into internet marketing and I know what I'm talking about, is Fubra a person or a company? If it's a company then that makes things even more suspicious.

Over at HPC they have now deleted all my PMs and removed the PM facility. Although I only sent one PM to a member today in order to leave a trace.

They are simply protecting their investment in the community which generates millions of pounds per year for them through advertising revenue. I think it was a very sudden reaction without much justification hence there is a chance that Financial Planner (the owner of HPC) was bribed by an outside source to hush up the gold thread.

I know it seems far fetched but if you believe the gold price is being suppressed then it's not a big jump to realise the possibility of this happening, the HPC forums get a huge number of visitors and thats set to increase substantially in future as the crash unfolds. See my previous post for details about how we can make as much as HPC is making from house prices, by making a forum for gold on it's way up, I'm an expert at marketing.

Hi Goldfinger, had to track you down because you disappeared from HPC. I share your opinion about gold, except I believe it's going to go up a lot higher than anyone else thinks purely because these days it's a lot easier for the general public to invest than a decade ago. Hence because of this I have a very good plan for how to get very rich off of this and i'm willing to go halves with you on the profit. All you'd need to do is do what your doing at the moment, posting about gold on a gold thread. Add me to msn or email me and I can tell you in more detail- still AT live.co.uk. Thanks.

It's no co-incidence that the gold thread got deleted, it's my belief that money had changed hands.