alexreeve

From:

peaked at 17.90?

Maybe they are acting as agents for a third party company who supplies these and hasn't reached the VAT registration limit? I don't know, but they are definitely confirming orders of them at the stated price.

Don't know the why, but they've done it before http://www.greenenergyinvestors.com/index....amp;#entry74721, and they've confirmed my order at the stated price. (Respect to Ziknik for remembering and finding the link)

In case anyone's interested and unaware. CID are doing 1kg Libertads at 7% VAT - total cost: £469.46

???

Good action in gold today. Is this why? Geithner Visits China Bearing ‘Olive Branch’ Ahead of Summit

In the event that people have lost faith in fiat-currencies, how do you issue a redeemable currency without seeing all the national Gold "redeemed"?

The banks non-borrowed reserves were virtually nil then, but now they are bloated. Also there have been drastic accounting changes, gov guarantees on cdos and other counter-party risk reductions since then. Why are you so convinced that there would be a similar round of forced deleveraging this year? I'm not saying it can't happen but it seems to me that some of the principle drivers for that sudden forced deleveraging are markedly different for the moment.

http://www.bullionvault.com/gold-price-chart.do

Perhaps because Samhain (Halloween) celebrations were being heavily repressed by the church at the time. Call it Guy Fawk's night and avoid trial for witchcraft. Sometimes people have to go through a little pantomime to carry on living their lives. I remeber when beef on the bone was banned in the UK, I used to go into the butchers and order a couple of T-bone steaks and he'd say "Are they for your dog?" I'd say yes and go home and eat them. Everyone's happy. I realise it wasn't really a literal question, but maybe it's a good illustration that you can often pay lip service to the authority's new rules while carrying on as before. I particularly liked the recent story about the landlady who is "conducting research" in her pub to sidestep the smoking ban.

Probably true, but it's a virtually inconcievable "if".

Gold looks OK to me, it's silver that's getting murdered. Edit to clarify: just a inverse of USDX action, nothing specific to gold. While silver has taken a beating with gold/silver ratio spiking up as high as 64.385!

Nice, I can't help feeling there'll be a juicier entry point. Rick A is hopeful of $1337 before Christmas so I'm probably wrong and you'll be minted.

I went short at Rick Ackerman's hidden pivot $1227, closed it out at $1205 this morning. Think I'll lay off it till after Christmas, though I've been making some decent money, the stress is consuming me.

Why are they classified as bullion rounds rather than coins? They look like coins, is there a technicality that makes them "not coins"?

I don't understand this. Where has the extra Gold come from? Just because the price has increased, and perhaps is owed by different people, the volume of Gold hasn't. Has gold really been flowing into NYC for the last few years? Is it being moved to the far east for safekeeping, perhaps? HSBC has a very big presence in the far east.

Closed it at $1165. £700 profit, doesn't even get me a Britannia anymore.

I took a little short at $1172 (December contract) today.

You called the top at £690ish early in the year, kudos. I thought you were buying again in early September, has something specific changed your mind?

New records are so humdrum these days, not only are there no rockets, there's not even a murmur. $1118.50/toz Yay!

Obviously coin shops are liberally scattered around where you are, the nearest to me is Harrods now i suppose, at about 25 miles it would only be a 6 or 7 hour walk each way. As for regular jewellers, it's a possibility but even then, I don't know if I'd place much credence in the opinions of the shopgirl in H Samuel or Elizabeth Duke.

I don't think it showed much, other than people are wary of being scammed and ridiculed. I doubt the response would have been much different if he'd been offering anything else worth $1000 for $50. I would be deeply suspicious if someone came up to me offering a deal like that.

This article compiles a lot of rumours and speculations about shortages and dislocations in the physical Gold market. Worth a read but much of it (eg the Kirby story) has been posted before. The JB Slear stuff is new, and a few other bits and pieces http://www.marketskeptics.com/2009/10/gold...king-point.html

What planet is Ted Butler on? He thinks Gensler is going to break the Comex corruption From the article: