HPCsoYESTERDAY

posted in it's entirety here: http://www.greenenergyinvestors.com/index.php?showtopic=4451

http://www.guardian.co.uk/business/2008/oc...nking.economics There's gold in them thar' shops: the rush is on Tucked away beside the ornate entrance of the Savoy hotel in London are the discreet premises of ATS Bullion. Over the last few days staff there have witnessed an unprecedented phenomenon: queues. The customers are wary savers looking to build their own solution to the global financial crisis and the parlous state of the banking system. They are buying gold. "There has been enormous demand," said Sandra Conway, managing director at ATS, one of the UK's leading gold coin and bar merchants. "There are very few sellers of physical gold and we have actually had queues of people today." The world's makers of gold bars and gold coins are running flat out to try to keep up with this surge in demand, but stocks are dwindling, especially of Krugerrands. Named after Paul Kruger, who led the Boer resistance to the British at the turn of the 19th century, the coins were first minted in South Africa in 1967. Although it was illegal to import them into the UK during the 1970s and 1980s because of apartheid, they have become one of the most widely circulated gold coins in the world. But the £547 coins are becoming more scarce as investors snap them up. As a result, the Rand Refinery is now operating seven days a week, as is the Austrian mint, which produces the popular Vienna Philharmonic coin. The US Mint, responsible for ensuring an adequate supply of American coinage since 1792, has been forced to halt sales of its American Buffalo solid 24 carat gold coin because it was running out of supplies. It is also limiting the availability of its 22 carat American Eagle alternative. Canny investors had also noticed that both one ounce coins cost less than an ounce of gold on the open market at the time, making them incredibly tempting to anyone looking to make a quick return. Having broken through the $1,000 barrier earlier in the year, the gold price has retreated slightly and is now trading at around $880 an ounce. The 2007 American Eagle one ounce coin, however, was going for $789.95 while the 2006 Buffalo coin cost $800 - offering the potential for an instant return of $80-$90.

delusional ramblings from Realisttwit: http://forum.globalhousepricecrash.com/ind...=41580&st=0 As for gold. I no longer believe it will crash to $500. I believe it will drop to $300-$400. When? When it has sunk into enough financial pundits heads that the 20-50 trillion $$$ that has been spent on the global bubble will have huge implications that will lead to severe deflation, perhaps for a generation. I also forecast a commodities collapse many months before the metals began to drop because it was obvious to me that the global HPCs would cause recession/depression and a huge drop off in demand--even in China.

There's always this little ditty: http://uk.youtube.com/watch?v=UBZSTrlcylU

Hello again I read what she had to say: .../... London, 30 September 2008 - Buying of physical gold in London has reached unprecedented levels as investors, still reeling from the demise of banking giants Lehman Brothers and Merrill Lynch, look to safeguard their wealth, the Managing Director of a leading gold bullion and coin dealer said Tuesday. "The problem over the last two-to-three weeks is availability. There’s an enormous demand from private buyers and very little (gold) in the market," Sandra Conway, Managing Director of ATS Bullion Ltd told TheBullionDesk.com. Interest is up five-fold on month-ago levels, Conway said, and investors are buying in much larger quantities. Now, buys are frequently worth $250,000-$500,000, up from investments of $100,000-$200,000. .../.... But how much do these 'big buyers' apply to silver. Granted, the 100oz bars are for Comex etc., but I would still maintain that an 'up the chain' demand will prevail. Time will tell of course.

sorry, but can you point me in the right direction of what the ATS lady said - thanks

It is interesting that you point this out lardoon. I have thought about this but most of my thoughts are disjointed and point to no outcome. The fact remains that small silver coinage / bullion is still hard to get and/or selling way over spot. Will the price of small coinage / bullion come down when refiners can handle this demand? Is there a lack of buyers of the 1000oz bars because most of the small coin / bullion buyers are priced out? Will we see an 'up the chain' demand reach the 1000oz bars , such that they will be the next silver item (the last!) to disappear from Kitco's inventory. I'm going to stick my neck out here and go for the latter (to the howls of derision from the ag bashers!). We shall see in the coming months, but note the 1000oz bars are the only silver bullion products kitco sells now and they are the largest, coincidence?

kitco doing 1oz plat eagles for under £600 - but I don't know what p&p+insurance (+tax?) will be?

platinum being spanked like a naughty child

about 10 mins after I posted this on Friday, the original content of the article had been updated such that Boehner's quote had been removed. It seems to me that the mainstream press has tried to steamroll this bail-out since day 1. Democracy wins today

silver 500$/oz I have to say though, I like Schiff and I like Faber, but they both disagree about the $

yep - au price in £ doing well http://www.goldpreciousmetals.com/charts_historic_gbp.asp

I just posted this video elsewhere by Marc Faber. He is bullish on the $ and gold. http://www.cnbc.com/id/15840232?video=868863712 Being $ bullish I would consider to be a different pov

http://news.yahoo.com/s/ap/20080926/ap_on_...ancial_meltdown Congress restarts troubled bailout talks .../... But in a sign of continuing division, House Minority Leader John Boehner demanded that "serious consideration" be given to a radically different proposal that provides no government money up front for a financial rescue. "If such consideration is not given, a large majority of Republicans cannot — and will not — support" the administration's plan, Boehner said in a letter to House Speaker Nancy Pelosi, D-Calif. .../...

As Ologhai Jones linked on another thread, there are certain reasons that are probably not in the mainstream media: http://forum.globalhousepricecrash.com/ind...showtopic=41273 Basically, is McCain using this to his own advantage - will he be the 'saviour' or....... are the American people being listened to?

nice one - definitely talking about fiat!

don't forget to fight the fear

just supposing that this deal does not go through - I agree with others here that we are looking at some volatility in the pog for a short while but it's safe haven status should prevail. I will be quite happy to see the pog go down (albeit temporarily ) if it coincided with some of the sh1tbags that benefit from their own personal freebie toxic debt for cash exchange programme having to realize their losses (as well as many of their market fixing manipulative methods). Here's hoping.

I think America might be waking up bigt Yesterday, I thought this was a done deal, but there are some very vocal members of congress now such as Paul, Kaptur and McCotter all making a stand. Maybe this is brinkmanship politics but I'm not so sure: my faith in the American political system has changed some what over the last week.

as good as a done deal now if you ask me, dow up well, McCain reckons it's in the bag and the red herring compensatory payments being squeezed will be the token win for the abstainers

nice find cg! keep it physical people - the AIG fallout effect on the ETC's last week was warning enough!!

Congresswoman Marcy Kaptur's take: http://www.youtube.com/watch?v=S27yitK32ds

alright barney! http://biz.yahoo.com/cnnm/080924/092408_bush_speech.html Bush may give a speech about the bailout tonight Wednesday September 24, 10:33 am ET President Bush may make a prime-time speech as early as Wednesday night to put pressure on Congress to approve a $700 billion plan to bail out Wall Street, a senior administration official told CNN.

I agree with this to an extent; i.e. this applies very much at the moment as I commented on Saturday. Until we know what's going to happen with the bail-out, everything else is on hold. Once this uncertainty has been removed from the market, ta may play a greater role but until then it's just p1ssing in the wind imho.

all 3? is the instability and uncertainty now providing a floor regardless?