safebetter

Just pulled the rock back from over the hole to load up the truck! Long & Strong people - you know it makes sense. Try not to stress -it has been and is going to get even messier. I'm ~95% out of the banking system, feel much better for that. Take it easy all, SafeBetter

An ISA is tax free, no CGT to pay on any profit, yearly limit is restrictive but with good gains you can keep it all shielded. SafeBetter

Physical can present other issues if you ever want to swap assets. An additional option is something like holding or trading a shares ISA. On the recent dip I bought back 22% more shares than I had, you can do that at least once a year. You never lose until you sell - don't lose your head or shirt...... However you can't beat physical in ones hand, but remember a gold bugs portfolio should be balanced - in all things shiny of course!!! SafeBetter

There she blows........ Once the $1224 last high is taken out any bets on the target for this run? Jim Sinclairs $1278 or $1369? Long and strong people.......this could get messy! SafeBetter

Be very diligent if you use this as a source, here is an example: http://cgi.ebay.co.uk/1-TROY-OZ-999-100-MI...350159576513211 This seller states it is not pure gold: "IT HAS A STUNNING COLOR AND IS MIRRORED WITH AN AMAZING SHINE & FROSTED GOLD FEATURES. THIS BAR IS NOT SOLID GOLD AND IS COMPOSED PARTLY OF ANOTHER METAL, HOWEVER IT DOES CONTAIN 100 MILLS OF GOLD. I AM UNSURE AS TO HOW MUCH EXACTLY THAT IS, BUT IT SURE CONTAINS GOLD!!" This seller does not state it is not pure gold, therefore it looks like a bargain: http://cgi.ebay.co.uk/1-TROY-OZ-100-MILLS-...0QQcmdZViewItem DYOR!! SafeBetter

Not sure if this site has been posted before: http://bullionsupermarket.com/Default.aspx Some interesting prices on there, anyone used it? SafeBetter

More news reiterating the short term direction of gold and the long term direction of the dollar. As ever timing is anyones guess Au in GBP looking good anyway Right here is where gold test your betting blood Yellow metal likely to decline further - most see these declines as buying opportunities - but keep some powder dry. Gold prices "The recent gold correction represents a longer-term buying opportunity for the metal and the associated miners—skyrocketing U.S. federal debt is the catalyst. Gold fell to a one-month low of $1,090 per ounce today as a stronger U.S. dollar reduced the impetus to buy the precious metal as a hedge. (Gold typically moves inversely to the U.S. currency.) The greenback rallied to a 10-month high against the euro after the French and Germans said any package to bail out Greece would likely involve help from the IMF. The news of any IMF involvement is undermining confidence in the European Union and has investors questioning the long-term viability of the euro. The euro also came under pressure in reaction to Fitch Ratings {having lowered] Portugal's credit rating. While the U.S. dollar could rally and take gold down further in the short run, due to current troubles in Europe, it is unlikely that the U.S. currency will strengthen and gold decline on a consistent basis over the long run. BMO expects gold to be firm over the next two years, with considerable upside risk owing to the massive increases in the U.S. budget deficit. The growing public obligations imply a risk of monetization, which could result in a lower dollar and higher inflation—catalysts for gold investment demand." I like 'considerable upside risk' :lol: Gold Again Slips Sub-$1100 But "Don't Sell" Says SocGen, as "Long Emergency" in Western Debt Beckons SafeBetter

Agreed GF - long way to go yet before this bull runs it course. I think the hardest time for gold bugs is during these choppy consolidation periods where it pulls hard on the emotions, but the big picture says it all Gold firms as Euro steadies SafeBetter

Short term bearishness for the Gold price BTW Good to see Dale Winton cashing in on the mania - you aint seen nothing yet Dale!! SafeBetter

Perhaps the plan is for the markets to spook the gold price down, China buys the IMF gold, then off we go! Anyway, take heart: Time is running out for the US Dollar As Armstrong says, it's only time SafeBetter

Caveat Emptor: http://www.kitco.com/ind/Conner/mar242010.html Checkout the section on gold, could be in for a rough ride - tin hat time again LOL :lol: "I’m expecting the correction in stocks will also correspond to the final leg down in what now looks to be a D-wave decline in gold that will most likely test the $1000-$1025 level. The left translated character of the current daily cycle is also confirming this." Long and strong people, long and strong SafeBetter

A few more classics from the Wilson's: http://www.dailymail.co.uk/news/article-12...es-sale-go.html They seem to be moving rapidly down the Sunday Times Rich List, if they get out of this without debt then fair play to them. "Now, if they sell their portfolio for the £180million asking price, after paying off their meagre borrowing debt (£45million) and taxes, they will retire with a cosy nest-egg of around £100million." Whats £70m amongst friends - it was worth £250m, damn our market timing Fergus! "They made the decision to sell up after the recent resurgence in the property market, but stress they will strive to ensure their tenants keep their homes. Mr Wilson also wants to spend his retirement mentoring other landlords." What on how to mis-time the market OR is it negative rental yields! They might be good at maths, but god are they detached from the real world "Mr Wilson intends to take part in TV property programmes to mentor 'buy to let' buyers and people purchasing their own homes." I think Phil/Katie/Sarah+other C listers have this market cornered, don't they know Carol Smiley is at the front of the queue! http://www.dailymail.co.uk/news/article-12...let-empire.html "Judith and Fergus Wilson, proud owners of a £180million property empire. In fact, their fortune probably peaked at a staggering £250 million - although that doesn’t stop property experts labelling them Britain’s first buy-to-let billionaires." :lol: Typical property rampers estimates - so £180m = £Billionaire hmmmmm "Yes, property prices are up almost 8 per cent since March, and estate agents are urging budding landlords to buy now to cash in on rising rental prices - but the Wilsons have had enough." Read "It's just dawned on us this sucker is going down!" "The difference between interest rates and rent prices will never be as good as it is now so if we sell, we’ll make more profit than we will any other time in the near future." Read "If we don't sell now Fergus there's a good chance prices will never recover in your lifetime" These kind of quotes always come back to haunt you: http://www.dailymail.co.uk/sport/otherspor...-outsiders.html "But Fergus believes that their intolerance to outsiders and their attitudes stems from not seeing beyond their noses," Shame he couldn't see past his when he missed the market top! Not like these guys: http://www.guardian.co.uk/business/2007/ma...ket.houseprices Perfect timing http://news.bbc.co.uk/1/hi/business/6330661.stm And finally one more clever dick who has gone down the tubes: http://business.timesonline.co.uk/tol/busi...icle6881640.ece Wondering who he is? Was one of the cocky interviewers on The Apprentice: SafeBetter

Are we right at the "Bull Trap"? Given we are 12-18 months behind the US I believe the current excitement about rises will wither along with all those green shoots as we bounce along the bottom of the barrel for several more years to come. My call is a bottom 2012-13 SafeBetter

Hold on CIGA's - we're just warming up! http://www.goldalert.com/stories/Gold-Pric...rinflation-Risk Long and strong, I've never been so sure of anything in my life! SafeBetter

The break above $1000 is getting lots of attention with the talking heads, anyone else see this below: GMT 20:17 - Mary Ann Bartels (BoA/Merrill Lynch) talking to Carol Massar (Bloomberg News - US) "Gold is forming a head and shoulders BOTTOM" - WOW never thought I'd hear that - should we be worried - NO - masses just playing catch-up! A few more articles quickly up there, they are usually slow to acknowledge the good news: Gold jumps to 18 month high on.... US Stocks rise for a 3rd day as gold tops $1000 The masses finally pulling their heads out of their a$$e$?! Hang on, stay long and strong - you can't read this market with TA SafeBetter

Hi Errol - not sure if you spotted - but thats a 2008 article....... SafeBetter

Hi DrBubb - how about a currency table (vs. USD) for the majors (GBP, JPY, EUR, AUD, NZD, HKD, CHF etc) Also USD index & given its importance to gold right now & perhaps Oil? A few more of the major gold miners would be good eg. Kinross, Yamana, Barrick, Gold Corp etc (perhaps make it too busy, but more links at the bottom) How about a few ratio charts? Understand these might not be able to be 'real-time' links - unless you know how Regards, SafeBetter

FromGIM: http://goldismoney.info/forums/showthread....66&page=699 SafeBetter

My thoughts exactly - if we do the maths then 30,000 Oz pa = ~$28m Even if it was costing you $800 per Oz with ALL on costs to get it out ($24m) you'd be making $4m pa. Perhaps the real reason is the companies financing and now they can't get re-financed - hence the fire sale - but you get to service the debt with that as well Long and strong - we beat ourselves up in the downtrends/consolidations last year - unless your trading - sit tight SafeBetter

Update gold buying adverts: In my local papers 4-5 seperate operations now in the city buying each week - 3 have occupied new premises to run their operations. Some purporting to offer 'best' prices - but in reality £70-£80 for a Sovereign! Check out this one (not online yet - but I'm going to keep an eye on it to how they operate): http://www.cashforgold.co.uk/ They have been advertising on TV with some toffs running around their mansion selling the family gold/silver/jewels. You put all your goodies in an envelope and send it to them, they value it, if your happy with that they then send you the cash!! It's sad but many decent hard up folks are going to get fleeced here. I think we have only seen the beginnings of this - wait till some big players get in on the game. SafeBetter

A few words from Phlip Manduca: ECU's Manduca Sees Gold Price Rising to $2000 by 2010 And on $2000 gold, bank stress tests, bear market rally and the downward slope for the economy: SafeBetter

Glad he's cleared that one up Sounds like it's tin hat time again and perhaps some massive volatility on the way - think I'll poke my head out of the bunker again in August!!! SafeBetter

We are on the cusp of Alf Field’s 5th Wave of his gold price projection. It will follow directly along the lines of the Armstrong timing as a result of Sentiment in the US dollar moving into its major down leg NOW. Does 5th wave mean Major FIVE up? Surely not as we haven't had Major THREE up yet (which in fact should be 5 x $700 based on the 2008 actuals) "Major ONE up from $256 to approximately $750 (a Fibonacci 3 times the $255 low) Major TWO down from $750 to $500 (a serious decline of 33%); Major THREE up from $500 to $2,500 (a Fibonacci 5 times the $500 low); Major FOUR down from $2,500 to $2,000 (another serious decline); Major FIVE up from $2,000 to $6,000 (also a 3 fold increase, same as ONE)" I'm confused with Jim's comments - anyone got a view here? SafeBetter

Was watching Bloomberg Thu evening and saw this report with Brian Hicks of US Global speaking with Matt (talking head) Miller about gold, gold stocks and inflation: Link to article - video link broken! The conversation went: Matt (to Brian) - "are you not concerned that governments, organisations like the IMF tend to manipulate the price of gold?" and then again later..... Matt - "the government does and has manipulated the price of gold" I had to rewind several times to make sure my ears weren't playing tricks!! U.S. Global's Hicks Recommends Gold, Mining Stocks Shame the video link is broken, check back and they may fix it, or don't they want us to see that bit!! SafeBetter

Could/would this happen? India and China want IMF to sell it's $100b Gold SafeBetter