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dietcolaaddict

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Posts posted by dietcolaaddict


  1. ... it is somewhat awkward to transport, and the design is maybe not worth having it in that large.

    Yes, its clearly a novelty piece, perhaps for a (rich) company HQ, a (rich) private investor etc..

    If I had that much to spend on Gold, I'd just want good delivery bars and nothing any more unusual or that attracts attention.

     

    Is there any CGT advantage to it having a monetary value and a Queen's head on the coin?

    Probably not, I'm thinking, as the face value is in dollars (itself strange for a coin with the Queen's head).

    I suspect to a taxman, this is not officially a coin - it's just a block of gold cast into the shape of a coin.


  2.  

    I'm looking for a bit of advice and I know there are a lot of Aussies on the forum.

     

    I've got a 12 week job placement in Brisbane ahead from July for 12 weeks. I will have to work hard (very hard) but I am looking for advice from knowledgable GEI-ers on where to go for the odd weekend trip, or indeed what I can do in Brisbane itself on weekends.

     

    Also, anything I need to bring as an anglo-saxon brit not used to the climate, wildlife and perhaps locals

    (insect repellant etc.)

     

    My travel budget is OK but not extravagent. All advice appreciated :)


  3. To remedy this, I decided to only buy and hold gold, while only trading silver. That way the two approaches are completely demarcated between the metals. I also think the fundamentals might lend themselves to this as the price of gold has shown itself to be a lot "stickier"

     

    I'm more comfortable sitting on the sidelines in regard to silver, given that my core postion in gold picks up gains in bullion prices.

     

    I'm with you on this RH and came to the same conclusion independantly. What I would add is the seasonal benefits of each - I have a theory that silver is best for any takeoff at the September(ish) seasonal gain in bullion prices as it provides greater % gains, Gold is best 'defensively' during the summer doldrums we are now approaching for its stickinesss when gains need defending.

     

     


  4. Friday 3pm smackdown in progress? Few minutes early....

    A 'failed smackdown' pattern, although the peak-to-trough is smaller than previous intraday 'failed smackdown' patterns at around $10. Sounds quite positive for next week, but 3 days is a long time at the moment given all the bearish news around.

     

    Next market trading day is officially June of course - so was are now in doldrums season. The times to lighten up gold exposure for seasonality followers are as far as I know March (conservative) or May (more bold).

     

    I must admit to not buying the past few months at these prices, and to sitting on a growing pile of savings cash. Prior to the general election, I moved this cash into USD and CHF , expecting a hung result and a (short-term at least) fall in sterling, but will be looking for a gold price dip in these currencies over the summer to average in with more physical for my core position.

     

    Experience had taught me never to buy into strength, and while I appreciate the 'buy same time every month - its a 20 year bull run' argument, this never works for me as I tend to naturally buy at interim tops unless I act disciplined and buy into weakness. A disciplined series of buys before early September seems my likely next move.


  5. Customer email from Goldmoney:

     

     

    G O L D M O N E Y A N N O U N C E M E N T

     

    Dear Sir or Madam,

     

    The Deutsche Edelmetallgesellschaft and GoldMoney are

    pleased to invite you to the

     

    "Silver & Gold"

    Event

    on

    Tuesday, 8th June 2010

    Start: 19:00 pm (Doors open: 18:40 pm)

     

    Venue: Frankfurt am Main, Hotel Monopol, Room Haydn,

    Mannheimer Str. 11-13, D60329 Frankfurt a.M.,

    Tel. 069 22737-0, directly at central train station

     

    Speakers at this event are GoldMoney founder James Turk and

    'Silberjunge' Thorsten Schulte. The host speaker will be

    DEG-Co-founder Peter Boehringer.

     

    Attendance is free for GoldMoney customers. Reservations

    can be made (to be guaranteed a place) by Email to

    peter.boehringer@edelmetallgesellschaft.de.

     

    We look forward to meeting you.

     


  6.  

    perfect_storm_1.jpg

     

    UK stuck in a nightmare scenario of hung parliament and indecisive governance during a developing soverign debt crisis.

    It's a perfect storm.

     

    Even house prices are down (MoM -0.1% halifax for April, with +ve expected). 200 oz for a house by mid-summer ?

    (and then lower in 2012/13/14?)

     

     


  7. ......

    IF for some reason one couldn't bring themselves to buy gold here with pounds, another option would be to buy dollars.... and hope for a pull-back in the dollar price of gold.

     

    Good analysis RH, I agree with you, and am buying dollars at the moment with £ monthly savings.

     

    Can't stomach buying into the current strength of the GBP price of gold


  8. are the dates of gold option expiry, according to my calculations

    (December is a bit of a guess - dont understand trading holiday arrangements over festive period)

     

    40202459.png

     

    Can anyone confirm? I've used this rule

     

    A gold futures option shall expire at the close of trading four business days prior to the end of

    the month preceding the option contract month; provided, however, that (1) if such day is a Friday,

    the expiration date shall be the preceding business day or (2) if such day is the day immediately

    prior to an Exchange holiday, the expiration date shall be the preceding business day. In the event

    that the official Exchange holiday schedule changes subsequent to the listing of a Gold futures

    option, the originally listed expiration date shall remain in effect. In the event that the originally

    listed expiration day is declared a holiday, expiration will move to the business day immediately

    prior.


  9. Does anyone know how to work out the options expiry date for december? Other months are OK, by the rule below, but there seems to be uncertainty over whats a holiday or not at the festive time. Help appreciated

     

    A gold futures option shall expire at the close of trading four business days prior to the end of

    the month preceding the option contract month; provided, however, that (1) if such day is a Friday,

    the expiration date shall be the preceding business day or (2) if such day is the day immediately

    prior to an Exchange holiday, the expiration date shall be the preceding business day. In the event

    that the official Exchange holiday schedule changes subsequent to the listing of a Gold futures

    option, the originally listed expiration date shall remain in effect. In the event that the originally

    listed expiration day is declared a holiday, expiration will move to the business day immediately

    prior.


  10. I wouldn't personally, I think USD is completely unpredictable moving forward from here. Read CGNAO's latest post and see if that changes your mind... :)

     

    You may well be right warpig. I see a "failed smackdown pattern" in NY time today, which suggests to me, from past observation, of a bullish period ahead.


  11. I'm not planning on buying any gold at the moment as I'm uncertain about buying pre-doldrums. But I am thinking of loading up my Goldmoney account and swapping the £ to USD (0.5% fee) pre-election.

     

    I think gold will be lower in USD terms later this summer. I also think the £ is unrealistically strong against the dollar pre-election.

     

     

     

     

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