marmite

Nothing new said, biggest drops since Feb 1983, sell, sell, sell, run for the hills. Traders see support @ 920ish level I hope that means it will crack that support, otherwise why would CNBC report it, if not to shake out investors confidence. Also the question was just poised " Blood on the Streets with Financials " Hidden message - Buy stocks, especially banks

CNBC special report on gold comming up after the break @ 17:30pm, for anyone near the TV I have never heard CNBC talk about gold so much

I really hope so I would really like to see a flat summer ( $900 - $850 range ) to give me a chance to accumulate. The £ is still very high against the $, the longer term average I belive is nearer the 1.7 - 1.8 mark. Gold might go up or down $100 but the fundementals are still in place. I see gold as a hedge against the falling pound and a longer term store of wealth. This debt bubble has only just started to pop especially here in the UK. The housing market has only just started to turn and joe public is taking no notice. Just go to your local shopping centre this weekend, it will be packed with people picking up bargain plasmas, clothes and booking the essential summer holiday. I walk past a Ford ( car dealers ) nearly every day and I have noticed that since the 2008 plates came out the sales office is packed with people. They have six desks and at least 4 or 5 have customers sitting at them trading in their 3 year old fiestas / focuses for a new one ( they all buy them on some options deal its like leasing ). Its only when the banks start margin calls on homes that the fun really starts. The job losses will start 3rd - 4th quater 2008 and this will stop the spending and cause more job losses and the spiral down will continue. Wall street problems have not hit main street yet. I live on main street and its still a very suuny place I see the storm clouds far off on the horizon but have my Golden umbrella as protection

Anyone else notice that there is a lot more talk on Gold on CNBC on the way down then there has been on the way up. Watching it this morning they seem to be mentioning the fall of Gold at least every 15minutes. The past few weeks there has been a reluctance to mention its rise unless pushed. We all knew that there would be a huge battle at the round number $1000. How far the battle will go, who knows ? When should we pull the trigger, who knows ? For the moment I think ill hold out and hope for $850 to add. I hope I dont regret missing this dip

Its being bid up tonight Bid/Ask 1004.40 - 1005.20

Sunday night gloom, dont watch if you have trouble sleeping. ( its actually a 3 parter on youtube ) http://goldismoney.info/forums/showthread.php?t=247015 Reading the comments from the log term forum members certainly make you worried

This is what I would like to think ..................... Or do they want the people to buy up the gold for some reason ???? I have no idea But this one question has really been bugging me. Why overinflate the currency and then make gold an even more attractive investment by abolishing the VAT. Surely the " rich elite " could accumulate the gold anyway. When this EU law was passed didnt the bankers think " hold on a second " ???? Or did the bankers want the law pushed through ?????? Its certainly a question that needs some thought

I posted this before. Does anyone have any thoughts as I cant find anything on the web as to why the VAT was abolished ????? One thing that has been bugging me about Gold. If gold is anti banks / wall street and not in the goverments interest. Why does the goverment not just slap 17.5% VAT on it like silver ????? This would make private ownership a lot more expensive. Why was VAT abolished on investment gold as of January 1st 2000 ???? This ties up with " The Brown Bottom " : The sale of 400 tons of bullion in a series of auctions between 1999 and 2002

Try this

One thing that has been bugging me about Gold. If gold is anti banks / wall street and not in the goverments interest. Why does the goverment not just slap 17.5% VAT on it like silver ????? This would make private ownership a lot more expensive. Why was VAT abolished on investment gold as of January 1st 2000 ???? This ties up with " The Brown Bottom " : The sale of 400 tons of bullion in a series of auctions between 1999 and 2002

A bit of Saturday night Gold fun. I luv this vid Especially at the end when he empties the tube http://video.google.com/videoplay?do...arch&plindex=0

You look to have a good gold / silver spread. Personally I wouldnt buy a Gold Panda as an investment. Its a beautiful coin for a collection, but unfortunately there are a lot of fakes from china. Im sure your coin will be ok, but if you go to sell it in the future on fleabay, some buyers will be put off. Krugerrands are the cheapest way to stack your gold and always very liquid on the sell side. The same goes for sovereigns with the added advantage of CGT but you do pay a premuim. On average I have seen the following premuims from dealers. Krugerrands 5% above spot Eagles, Maples, Philharmonics 6-8% Britannias, Sovereigns anything up to 15% You can also sometimes get good deals on the fractional foreign coins SFR,Guilders, Pesos etc but need to do more maths to work out their troy oz value. Bargains can always be got from jewellers, fleabay etc. Just need to look around.

Coininvest have the following prices quoted Krugerrand 1 Ounce 2008 31.10 Gramm BUY £497.62 SELL £524.43 I dont know how you actually go about selling to them tho and this price is also for a 2008 coin and not random year.

Probably about right .......5% of 493 afternoon fix = £24.65 You can shop around but you always have to weigh up the cost of travelling to find a better deal. You could sell on ebay for spot+ but take into account your ebay/paypal costs if you go down that route.

Im sure a few of us are open on a Saturday Might be worth posting what you want to offload. Maybe we could start a buy / sell thread ???

Is this the sign to hold off buying for now, I wonder ???? Let the people buy in and push the price up, then smack it down hard to shake them back out.

https://www.kitcomm.com/showthread.php?t=13997 In answer to the question : Is it still a good idea to invest in gold NOW?

Posted on another forum. Sorry for stealing it but its a must read....................... Read every word: http://www.gata.org/files/RedburnPar...11-12-2007.pdf http://www.mises.org/mysteryofbankin...yofbanking.pdf Re-read each sentence until you understand. No one can explain it to you better than the above.

The best place to start is here http://www.gata.org/ A read of the gold forums (including this thread) is also essential. Everyone has an opinion as to why the gold market movements can be a mystery, especially to the downside.

Nothing goes up in a straight line 1. Everyone and his dog are bearish on the dollar. Jim Rogers was quoted before xmas saying that when everyone is on one side of the trade, its a good idea to move to the other. 2. If the cartel do exist then are they really going to give up without a fight ?? Their best weapon is to allow the price to go to $1000 and then smack it down to $750 or even $650, which will scare all the newbie goldbugs right out of the market and running to the hills crying its the 80's all over again. This would also allow the likes of Goldmans to hoover up all the cheap gold. 3. Round numbers arguement, human nature 4. If the $ is doomed then $1000 is nothing. There are a lot of people out there that are brighter and richer than me. If they bellieved in Financial doom and gloom then the price would be in the tens of thousands. 5. Seasonal adjustment. According to historic graphs the price dips in the summer. To be honest, I really dont know ( im not sure anyone does ) but since September the gold train has been going up like a rocket. There has been hardly any breathers. I just want a chance to load up some more.

What happens next week if the Fed does not cut 75bp ?? Maybe it will only cut 25bp. If this happens wont the dollar recover and gold fall, which will present a good buying oppertunity ? Isnt Benanke under a lot of pressure at the moment to save the dollar ?? Not sure what effect that would have on stocks tho. It wouldnt be pretty tho Any thoughts ??

The battle really starts now. The media have a $1000 gold plastered everywhere. I would like to think its going to bring out the sellers in there droves and push the price back down to $850 for the summer lull, but im really not sure. Nothing but bad news and inflation. I've been sitting on powder since January, waiting for a good pull back so that I can add, but so far its only been going in one direction. Has anyone here had experience with coininvestdirect.com, i have always been a bit worried about them as they are not BNTA members and you have to transfer funds direct into there account. What quality are there bullion coins, are they all scratched and dinged or in good condition ???? How long till delivery ???

I can recommend user "thecoinhouse", I bought from him last year and he provided a great service. He always seems to have a supply of "Isle of Man Cat" coins. Which is rather unusual. It appears to be a good deal, 8 x 1oz and 4 x 1/2oz fractional coins. Im waiting at the moment for a summer dip, I think there will be a huge battle at $1000, gold isnt going to cross that barrier and hold it as easy as it crossed $800 and $900.

Talking heads just on CNBC. A quick run down....... Daniel Sillhart, LB Swiss Gold runs in a 8 year cycle 1972 - 1980.......2001 - 2009 ??? Will the Bull die ? The market expects a correction to $900 - $870 sometime in the next 4 weeks. $1100 - 1150 target for 2009 Silver moves twice as much as gold.The $40 high manipulated in 80's Expect a $24 dollar high this time. Not my views but interesting to see what mainstream is pumping out. To me this reads you better think twice before jumping into gold as your upside is minimal and short lived. If you are already in, it might be best to start thinking where the exits are. IMHO......This of course allows the likes of Goldmans to buy it up when we have the big correction at the $1000 mark which will shake a lot of people out of the market. After that the rockets will really start Buy and Hold

I have seen a question posted on another forum Are We All Walking into a Giant Bulltrap?? I wonder if this is really the bear trap on the graph. I cant see it being the bull trap on the otherside as there has been no mania phase. Apart from goldbugs and a few investors no one has been interested in gold. Everyone I know are just interested in BTL, Plasma TV's and can they afford to get a new 08 reg car.