HPCsoYESTERDAY

This issue about VAT on silver is a red-herring imo. OK, if you can save a bit by getting the coins delivered to a non-uk address, then there is definitely a saving. But, this is why I think it's a red hering: Both examples apply to today PURCHASE - 20 x 2008 eagles @ 10.36 = 207.20 http://www.coininvestdirect.com/main.php?a=11&id=229 SELL - 20 x 2002 eagles @ £230.02 http://cgi.ebay.co.uk/ws/eBayISAPI.dll?Vie...6795%26_fvi%3D1 OK not exactly like for like (diff. years) but you get the picture (p&p costs cancel each other out) update - knock off 5% SALE VALUE for ebay fees + another 5% for paypal, but this is not mandatory of course.

Sorry, no idea because I never sell to dealers (nothing personal - there are none near me). But, I remember Steve (NZ) posting a while back that he could get spot price where he was. Which would figure, because given the spreads on spot and buying physical at the moment, the dealers are in for a nice little earner.

I am selling gold. .............to buy silver. This is the leverage buying that Goldfinger referred to a while back. Silver is too cheap in relation to gold at the moment IMHO. However, a key element of this is getting silver at the right price. A lot of people have commented on the CID (an other bullion sites) spreads. I posted early Fri AM that CID was not reflecting the big Asian market falls. Admittedly, later that day the 1kg bars touched £290, but they were up to £300+ again soon enough. Similarly, at one point on Friday, Eagles were showing at just over £10 (UK del.), within an hour they were back to £10.50ish. So, watch them spreads, if there is no significant change in pos on Monday, I would expect a mark-down around noon (this happened on Friday) but the window of opportunity lasted about 90 mins until there was a mark up again. Here's a thought. Traditionally, you would buy and sell to/from bullion dealers, but now that ebay is on the scene, is the route of selling to dealers evaporating?

A lot of folk are saying that a gold bottom of 750-770 now looks likely, but just suppose we did see the bottom (avoid the pun!) earlier today, that would make silver a screaming buy. I await to see what happens at 16:30............

silver is rallying

wow! look at that action in silver I have been monitoring the price of 1Kg Heraeus bars on CID for a while now and there is very little difference between yesterday and this morning. My point?, well it seems to me if you want physical silver, this latest price drop has made little difference! However, I will check again later to see if there is any markdown on CID. The gap between the physical price and the price on a graph has never been wider IMHO! edit - http://www.youtube.com/watch?v=-9Zf-NYXwiU...feature=related

oil just dropped a dollar in a split second, someone trying a big sell? manipulation? meanwhile fannie mae is down about 8% and gold holding around 850. I was looking at the summer 2006 pog bounce back from the sell-off, here's hoping it happens again forget it everyone buy shares in fannie and freddie, they are a bargain don't you know

This volatility must be playing havoc with the day traders and their stop limits, especially the M and W patterns!

http://uk.biz.yahoo.com/05072008/140/gold-...-reopening.html Gold Boom Prompts Mine Reopening Scotland's only remaining gold mine is expected to reopen in the next few weeks due to the precious metal's soaring price.

Good post marceau I'll add my t'penny worth (more like 3p given inflation). I think this week is a crucial week for gold, I would like to see 8.85 become the new floor (as opposed to 850p). If we see consistent support from the mid 880s this week, hopefully the new floor will be set and it will show that gold is becoming more resistant to smackdowns. When I look at the graphs on the elliott wave site, they suggest that gold could fall back to 600p and still remain in an upward channel (present since 2001). However, given a period like the 1970s for the pog, these graphs would be useless. So, in the absence of a 'Volcker', it looks more 70s to me than the eliiott charts would suggest. Like I say though, come close of play Friday, I will have a better idea.

Plenty of time for the markets to have reacted now and........ gold likes it (or has taken very little notice) I scrapped the earlier joke btw!

Ireland says no (not confirmed) http://news.sky.com/skynews/article/0,,91211-1318932,00.html

time for a rocket?!

a price of 14.36 GBP plus VAT they have to order them in apparently. I like britts because of CGT and the higher premiums fetched on eBay, but I am finding that the price over spot is too high is it me or are they hard to get hold of!

How did you get on? They quoted me a bit higher than that? Anyone know where I can buy silver britts in bulk? thanks

Hello New York, hello Nose Dive, check out pog reminds me of that song... I get knocked down but I get up again

I don't post here often so excuse my general ignorance but..... For me to believe that there will be a significant increase in pog (say 50 to 100% GBP) over the next 18 months, I have to look at my own krugs and say 'will these coins be worth anywhere between 750 to 1000 pounds in 18 months'. When I take this approach (i.e. my own situation) I struggle to see how it could happen without wage inflation. During the gold price rises of 07, the 'man on the street' was only mildly aware of energy and food price inflation; Now in mid-08 these concerns are commonplace and widely reported. So, in my muddled thinking, the pog will rise from here on in if there is a growing demand for gold as an 'asset preserver' but with so many other commodities demanding excess cash, will we see great rises in pog without wage inflation? Do many posters here believe that we will see wage inflation take off? and how will the pog feature in an deflationary environment caused by a severe recession and lack of excess cash? apologies to all for the lack of clarity in the questions (at this time of the morning!)

just got my krugerrands from coininvestdirect (delivered by UPS) btw, just to add yipeeeeeeeeeeee

In my very brief time as a buyer of gold, I have noticed that coins are selling for a premium on ebay compared to what some of the dealers are charging. Whilst, my knowledge of the Au mineral is very limited, I do understand about the dynamics of trading goods especially on eBay, and this acceptance of paying slightly over the odds spells one thing to me - a Strong Demand. sorry for being a bit late to the party

I went ahead and bought some coins from coininvestdirect on Friday, so will keep you posted with the progress - thanks to those who replied to my query. by the way, I am not CTT!! just some nobody hpc poster who wants to keep his anonymity! I should have just kept my trap shut about hpc from the start! I have seen this B.I.N deal on ebay, what do people think? http://cgi.ebay.co.uk/10-oz-Gold-Krugerran...1QQcmdZViewItem

Hello everyone HPC regular here but keeping my identity to myself - apologies for the sneakiness Azazel, can you vouch for coinsinvestdirect or can anyone else here for that matter. I wish to buy some krugerrands but am put off from doing this on eBay. Thanks in advance edit - typo