marmite

Any sign of Silver Sammy these last few days!!??

http://goldismoney.info/forums/showthread.php?t=373169

Post 6#

Dont get too excited tho, just a thread regarding the pros and cons of Macs vs PC's

WTF !!!!!!!! 227 kilo's Not sure if I believe this story

http://uk.news.yahoo.com/18/20090430/tod-n...-b-f62056d.html

NY jeweler steals gold bullion -- bit by bit

Talk about lining your purse...Reports Thursday said that for six years a woman used a purse with a false bottom to steal tiny amounts of gold from the New York jewelry manufacturer where she was a vault manager. By the time she was caught, reported the Daily News and New York Post, she'd amassed 500 pounds (227 kilos), equivalent to almost 31 gold bars.

She needed a suitcase and a couple dozen buckets to return the loot to her employers, the newspapers reported.

The woman, aged 50, faces 25 years in prison if convicted, the Post said.

Incase it hasnt already been posted http://www.telegraph.co.uk/finance/persona...e-for-gold.html

Goldilocks and the bear case for gold

The primary risk to the gold price is a return of the "Goldilocks" economy, according to analysts at a firm of asset managers

A Goldilocks economy – one that is neither too hot nor too cold, sustaining moderate economic growth, low inflation and low interest rates – would "completely remove the safe-haven investment case for gold as a form of insurance against inflation or as an alternative currency", said the commodities and resources team at Investec Asset Management.

Real yields could once again be obtained in cash and bonds, and equities could begin discounting economic growth, the analysts added.

"Under the Goldilocks scenario the US Federal Reserve's balance sheet will quickly adapt once economic activity begins to improve as the Fed reduces the money supply dramatically and curbs any major inflationary cycle," Investec said.

"Furthermore, under this scenario all other central banks will do the same. Inflation would be averted, and economic growth could continue."

The bank said the current high price of gold was driven by demand from investors putting their money into the classic safe-haven asset. But it added: "Should investment flows into gold cease or turn negative, we believe that this drying up of investor demand will have repercussions for the gold price.

"A return of risk appetite or improvements in other asset classes could result in an unwinding of investment buying and put considerable downward pressure on the gold price, particularly if global economic and financial conditions begin to show meaningful signs of improvement."

Although Investec has identified factors that could push the gold price down, the bank's overall stance on the precious metal remains bullish. It said: "We continue to believe that gold can perform well in either an inflationary or deflationary environment.

"This supports our positive outlook for the commodity and for gold equities. Quantitative easing programmes are also supportive for gold."

The London afternoon gold fix was $891.00 an ounce

I heard a advert on the radio today from these guys http://www.physicalgold.com

Has anyone ever come across these guys before ??? The website all looks very nice but it certainly appears to lack any firm price info

Martin Armstrong's middle of June sounds a safer bet to me.

Do you have a link / article info ???

I have probably read it, but you know what its like. I read tooo much sometimes and it just merges into one

Only people who have no gold will panic buy now, and then later on they will panic sell.

 

I think I have enough physical at the moment so I will be saving my cash and waiting for September!

I will be jumping in August me thinks

Quite a jump. And silver back to 12.70. Still not buying though. I reckon at some stage this summer we will see a big dip and will load up then.

 

Due to further deleveraging and a deflation scare in the schizoid market.

I can feel the shiny stuff trying to pull the dry powder from me, but I too have a nagging doubt.

If I was to buy today it will be driven by fear. The seasonal paterns show dips in the summer. I really hope I am right

Just a observation but is the last 3 weeks

ATS Bullion sent out a news letter regarding Brits being in stock and you better hurry before they are all gone.

Goldline has dropped its premiums

And today CID sends out a special offer email on 1/4 oz's

We are entering the " Sell in May and go away " time of the year.

Spot has been trending down for a little while.

It looks to me like these guys are trying to thin the stock a bit at the current slightly higher price before the summers lull starts.

The markets in the US are they open on Monday ????? Will thin markets be used to bash down gold at the begining of next week ????

I see coininvestdirect are shifting some of their spreads again.

Eagles back over £700 even tho paper price is down. At one point this afternoon, random date eagles where more expensive than 2009.

It might work out cheaper to go ATS or Bairds in person.

Another thing I have noticed, in the past couple of years whenever ATS sends out a newsletter ( which is hardly ever more than once every 6 months ), guaranteed the price will drop a few days later. They must have a good feeling on where the market is going

I'm not talking about collectors coins, obviously the design changes from time to time and sometimes the slightly older coins are cheaper anyway. I'm up to my neck in gold and silver and will only add to it with a few coins that I don't have.

 

The 1933 double eagle is a wee bit out of my league, especially as she looks like she's done a few rounds with Tyson!

 

The question still stands, does anyone have any different year gold pandas or dollars that they can recommend?

This website shows a full list of Gold Pandas with pictures of all the designs. Just choose the ones you like best.

http://www.rivercitycoins.com/goldcoins/panda/panda.html

I dont understand the Dollar question as they all look the same

If you want to collect bullion that may have a numistic kick in the future I would say go for Lunars as the Americans appear to love these and the 1oz coins have a 30,000 mintage limit. Series one is now closed and for instance the 1996 Rat/Mouse only had 16,583 of the 1oz minted. The 1/4oz of the same year only had 1390 minted, which is tiny for bullion

http://www.onlygold.com/Featured_Lunar_Series_Set.asp

Series 2 started last year and so far we have the 2008 Rat / Mouse and the 2009 Ox

The dragon from either series will always sell at a premuim

The Year 2000 Dragon is the key coin in the Lunar Series, for a number of reasons. One, the dragon is considered China's icon. How often have you read an article or heard a news commentator refer to China as "the dragon"? Referring to China as "The Dragon" is as common as calling the United States "Uncle Sam."

Perhaps just as important is that Chinese people revere the dragon, even Chinese people born in other lunar calendar years. Dragons grace Chinese clothing, collectibles of all types, and even artifacts.

Additionally, the year 2000 was the first year of the "2000 series" of coins that will be minted for one thousand years. (Some people mistakenly say that the year 2000 coins are the first of the 21st century, but actually year 2000 coins are the last coins of the 20th century.) Regardless, being dated 2000 makes the Dragons unique coins

http://www.bostonbullion.com/productdetail...ARDRAGONGOLD1OZ

Can anyone tell me which are the best years for the following 1oz gold coins in terms of aesthetics please? (Panda, Dollar)

Pandas have a different design on them every year, so its really down to personal choice. I avoid Pandas just because of the Counterfit issues.

Like Pandas, Australian gold nuggets have a differrent design on them every year, but the early years ( Late 80's ) are generally regarded as a better design due to actually having pictures of famous nuggets on them instead of kangaroos.

Dollars = Eagles, Design has not changed, the same every year since the 80's. The older antigue coins Liberty's and St Gaundens $20 coins have a very nice design and weigh just under a ounce. These are bullion but certain dates go for fortunes. This is a whole different subject and there is a lot of info out there on them.

http://www.usrarecoininvestments.com/colle...g/coin_info.htm

Australian Lunars are based on the lunar calendar and have a different design evry year for 12 years. Series one appears to be quite collectable and now we are on series 2.

Krugs, Sovs, Phillys, Swiss Frans, Mexican Pesos, Britannias are all pure bullion, only buy for weight.

Remember when it comes to selling to a bullion dealer, Bullion = Bullion, they only care about weight. By all means buy what you like the design of and maybe someone else might pay a couple more quid to complete a set in the future. Do not confuse the two subjects of Bullion and nuministics they are two very differnt disiplines.

Hope this helps.

Wow, look at the 1 year chart for Gold in US $

A year ago we was at 900 and today we are at the same, just think of how much has happened in the past year and the market has stayed flat ( all be it with a few up and downs inbetween )

Whats does it mean ?????? I have no idea Its just my observation.

Look at in £ and thats a different story alltogether

Its getting to that time of the day, are we going to have a NYC smack down. It must be a oppertunity to good for them to miss

I have just heard a radio advert on LBC www.lbc.co.uk for

http://www.howcashforgold.co.uk/

Quick sell all your gold

Is anyone else starting to stock up on home electronics? I'm reluctant to buy more Gold at the moment, don't want my cash sitting in the bank so am tempted with a new hoover, widescreen tv, washing machine etc. Few things that we could do with, and are likely to have risen significantly in price by the end of Summer when the currency lag starts to kick in.

Doing the same here already, bought a new Pressure Washer, Bissel Carpet cleaner, getting a new Flymo at the weekend

Grrrrrrrr, checked POG this afternoon and thought great we are well on our way to my buy target of $850, then BAMMMMMMMMMMM !!!!!!!!!!!!!!!!!!! All the way back up to $930

Not really changed much in £ terms tho, still around that £652 mark ( missed the £638 fix this morning tho )

So where is the price going to settle now that the news is out there ?????? Are we going to see a Gold sell off tomorrow as eveyone jumps back into stock ??????

Come on Cartel, when are the summer dips going to start

I just finished reading this:

http://www.dailyfx.com/story/bio2/British_...6876333713.html

 

If that happens (which it might not) then will be a great time to convert from GBP into Gold in my view.

 

After that is the pound toast? I think so...

A bounce really would be good news for coverting £ FIAT to stacking bricks

I thought it was worth posting this GIM post here. Excellent answer and something for us all to think about.

It was posted by well respected GIM poster Sparky, in answer to the question So why is gold still under 1k ????????

People seem to have trouble understanding how market prices work.

Why is gold still under $1K? Because there aren't enough buyers at that price. Think of it: GIM is a gold bug haven, and yet when the price approached $1000, there was plentiful caution about not buying at that price. If gold nuts aren't supporting a $1k price, then who will?!? TraderKen, if you think that gold under $1000 is ridiculous, then why aren't you selling everything you have and buying gold under $1K? Because you're not so sure. You might have some gold, and you are waiting for someone else to bid up the price! Well guess what, there are a LOT of people doing the same thing! The market needs new buyers to push the price higher. It takes a long time for enough new buyers to get into the market.

Your comment regarding printing trillions: is this news? Some people were forward-looking enough to anticipate this in 1995, and they bought gold at $400, only to see it drop to $250. Fundamentals are one thing, but timing and market sentiment and mentality is another. It ain't so easy.

People forget that markets are made up of people trying to take money from other people. A good portion of the market bought gold at $300 and $400 and $500, and are very happy to sell it at $700 and $800 and $900, and that puts downward pressure on the price. And then some people go ahead and buy it at $1000 only to see it drop to $700. Do you think they'll be a little cautious about buying at $1000 again? You betcha. The making of market prices can be very complicated, but you have to learn the lesson that the market is always right. You have to get your head around what that means.

http://goldismoney.info/forums/showthread....d=1#post1621501

Just a little bit of a conspiricy thought.

Daylight savings change in the US, gives the markets an extra one hour overlap for about 2 weeks. Gold plunging, stocks rising but what has really changed ??????? Plunge Protection ????? The Cartel ????

850 here we come Fingers crossed for some cheap summer stacking

Just need the pound to start improving against the dollar and all that precious will be cheap.

Unfortunately I need to sell a bit of the yellow stuff for Sterling ( yehhhh yehhhhh, I know dont sell, keep stacking etc etc ) . Its only some of the stack and needs must for cashflow

I need to sell either Tuesday or Friday, what do you guys think. Is it worth holding out till Friday ??? Not sure what big economic indicators are out this week.

I have already put the sale off for a month, so gained in Sterling terms

http://news.bbc.co.uk/1/hi/uk_politics/7902982.stm

Call for new £20bn economy boost

A prominent group of Labour members is urging the government to spend an extra £20bn to stimulate the economy through measures to boost the housing market.

Progress is calling for a freeze on stamp duty on houses valued under £1m for the rest of 2009 and the offer of a £1,000 tax credit to home buyers.

It also wants to see capital gains tax cut and Jobseeker's Allowance raised.

Former MP Chris Leslie, who is behind the proposals, argues consumers could help the UK out of the economic slump.

Progress, an independent group made up of Labour Party members and trade unionists, promotes modernising ideas and policies.

Mr Leslie, a friend of Prime Minister Gordon Brown, says 2009 should be the defining year of the recession and argues prompt activity by investors and consumers could kick-start the economy.

As well as a stamp duty holiday for properties worth up to £1m, he recommends cutting the capital gains tax rate on new investments from 18% to 10%.

He also wants Jobseeker's Allowance to be increased by £10. Current payments range from £47.95 to £94.95 a week, depending on age and status.

The paper by Progress recommends a combination of "£12.5bn of additional support and tax reductions stretching to all sectors across the economy".

It also encourages the chancellor to add "a further £7.5bn in capital infrastructure investment in the current spending review period".

Mr Leslie said: "The ideas we suggest are designed to 'define' 2009 as the bottom of the recession.

"Doing nothing would cost us all dear in the long run. Injecting money into the economy in 2009 will allow the country to return to growth more quickly than if we let the market continue to spiral downwards, which would lead to even greater budget deficits in the longer term.

"We hope that the chancellor will look seriously at these ideas but we are under no illusions about the difficult task he faces in an era of global recession and international credit dysfunction."

On Wednesday, the prime minister said Britain was working with world leaders towards a "global deal and grand bargain" to deal with the economic downturn ahead of the G20 economic summit in London in April.

I hope this isnt a warm up debate for the Budget, as its not until Wednesday 22nd April.

Once the mainstream media get hold of this story the whole housing market will grind to a halt untill Labour confirm that " Stamp Duty " will be stopped and the nice tax man will give you a cool grand for buying a house. Didnt they learn their lesson last time ?? Wasn't Alister Darling forced into confirming the raising of the stamp duty threshold ????

I can see current housing chains just collapsing.

Maybe they want to crash the market further.

Comex opens at 8.20 EST. In five minutes.

 

Get strapped in folks...

Will it be the smackdown ???

I think some people are missing the point. I am not stating that gold ETFs are frauds and do not contain the amount of gold they claim to. What I am saying is that you cannot assume the government will not go to extreme lengths to protect its script. As I said earlier, in Volcker's memoirs, he stated that the government during the expansion of the money supply in the 70s did not have a good plan to contain the POG which therefore required him to increase interest rates to over 20%. He did not say money supply expansion was a problem; he said not containing the POG was. Bernanke in his 2003 speech stated that to cap the price of gold all that was need was a rumor of alchemy being perfected, the impact would cause the POG to decrease. More recently, central banks have been using rumors to depress the price of gold before their sale. Also during the great depression it was rumors of Gold confiscation that caused bank runs and their collapse - this was mentioned in Hoover's memoirs.

 

So with all this history it is naive to think that the central banks and government do not have a plan in place. So guess what appears on the scene about the same time as the start of this credit expansion: Gold, Silver, Wheat, Oil, etc etc etc ETFs. These ETFs are mopping up cash from investors who think they are hedging from an expansion in credit. You have already seen what can happen with oil and that is what they have in plan for goldbugs.

 

They have control of the lolly in the ETFs via their creators - wall street - do not forget this.

 

I am amazed that the masses continue to hand over their hard earned lolly to the crooks on wall street so they invest on their behalf in derivatives. Once ETFs are exposed they will be something else in place. Remember Mutual Funds? whatever happened to those sure fire money earners. What about endowment mortgages? Lots of suckers around.

 

This article makes me nervous. They are herding the masses into their pen. Remember what I said: "owning gold is not the same as having possesion".

 

 

http://www.reuters.com/article/reutersEdge...E51C3T020090213

 

"More and more generalist money managers are looking at gold. A lot of money mangers find comfort with the idea of owning gold via GLD. It's quite convenient to own the GLD, versus having to pay warehouse costs on your own," said Brian Hicks, co-manager of the $500 million Global Resources Fund at Texas-based U.S. Global Investors.

 

Gold ETFs are listed on stock exchanges and offer investors exposure in bullion without taking physical delivery. Sponsors of the funds buy a matching amount of physical gold and keep it in bank vaults.

Excellent points made Pluto.

Just to clarify, you are still bullish on Physical bullion long term ???? Or do you see a really longterm correcting of all gold prices back to the 1990's dulldrums.