pmaupoil

Sorry just bought some more at lunch at 11.3. It always goes down afterwards...

I only have some "remote" physical gold and silver with BV and GM and I am now seriously thinking of "diversifying" my bullion investments by buying some coins. I have actually been thinking about it for quite a while now but still did not make the step. One important question is the delivery process? How do you get delivered? Do you do it at work? If at home, aren't you afraid of the delivery man coming back at your place while you are on holiday with his van and a couple of friends to take your half-a-ton safe? I am really sceptical about the security of holding bullion at home. Any thought on the matter? I may be too paranoid, I don't know.

I do not know what is your investment strategy on gold but as a long-term investment, I would not take the risk to sell and buy during dips in such an uncontrolled climate. There are too many obscure forces! . The wisest strategy IMO is to keep and hold and stick with your original principles. These small falls are just noise to scare little investors and benefit large institutions to load up. Sometimes I watch again Krassimir Petrov conferences to remind me that gold can only go one way in the next few years. http://video.google.com/videoplay?docid=-2...92869&hl=en

I need to diversify on silver, I meant to do it for months. Quick question for Goldmoney users. I am going through the CAP documentation and I need certification of my passport photocopy from an authorised body. What type of free officer did you use, do you know whether a bank clerk is enough? Cheers.

This is quite an extreme case you are trying to describe, not just a significant fall but a collapse where there are very few buyers and in that case if you own your gold at home and try to sell it to your dealer nobody will want it for a decent price so I do not see the advantage of having gold at home in that particular context.

For the ones that use Coininvestdirect, are you satisfied with the quality of the coins? I do not want to be sent scratchy coins.

I watched most of the second half, I was quite depressed with that dreadful easter weekend but having watched it I feel even worse. Having said that, it really put the world into perspective and how we are conditioned. One major question that came up to my mind is if every large event is part of an agenda then how on earth the potential collapse of the current financial system can be one of them? I am pretty sure than Bernanke who is a "depressions" specialist must know exactly the consequences of his actions with his greedy buddies, right? What benefits could they get from it? Are we perhaps going to get a black swan along the corner?

Thanks a lot for your answers guys! Really appreciated your input and links.

OK I am now ready to buy my first coins. I do not really know whether it will be gold and/or silver and which ones. For that, I still have a few questions and I was hoping you may be able to help on that. I have been through the whole thread already finding out about it a bit more and got quite a few tips already especially from ConvertedGoldBug who was asking many relevant questions. 1-Someone mentioned an allowance for CGT of £9300, is that an allowance for gold and/or silver or all my investments? 2-On the delivery side, I am not confident in getting my coins deliveries at home to be honest. Can you get the first delivery at work for instance. What do you usually do? 3-Did you add your physical PM as part of your contents insurance? Is it expensive? Is it worth it? 4-I always hear about the same coins: sovereigns, britannias, maples, eagles and krugs. Why are you only mentioning these ones? What makes them so valuable to you? What about the Napoleon or Wilhelm ones for example? How do you make your choice? Do you tend to buy more of the ones from the country you live in? 5-I noticed that the silver eagle 1oz 2007 is slightly cheaper than the 2008 one. Does that mean my coins may lose value every year after a new version is printed? 6-I read that the krugs are the most common ones therefore easier to sell and cheaper. Well, I just had a look on COININVESTDIRECT and the krugs are at $976 against $967 for the maples and eagles so not quite true then...? 7-What makes you buy coins rather than bullion (some 1oz are available)? What if some specific coins get depreciated? Do you think coins tend to gain more value over time or is it simply for the joy of owning a specific coin like you own a nice stamp? I think that's it. I cannot think of anything else for now Many thanks in advance.

All the CBs are doing is to give the markets short-term boosts and then back to reality... This game may still last for a few weeks/months but these liquidity injections and interest rate cuts will not solve the fact that probably most of the banks are insolvent...

They changed the direction of the graph tonight on Kitco, it is all vertical!!!

Yes but with hyperinflation predictions, if I can only still buy one nice suit with $30000 an ounce then I will be able to say that I have not lost any money which is not bad I suppose

GF nicely sent us messages on HPC

Gold holding up very well above 1000. I really did not expect that today TBH. I expected at most a kiss to 1000 and then a massive sale.

I was wondering why I could view any chart during a few minutes. Well above 1000 now!

Most of the people I meet know about the commodities boom and certainly the gold one which gets some fair publicity but when they look at the graphs and the fact that gold quadrupled in the past 7/8 years, they just think they missed the boat... At the moment Joe Public is not too concerned with inflation of around 5% but when the effect of the massive injections will start causing significant increased prices and most importantly the frequency of these increases then Joe will have no choice but to opt for some PM and then mania will start.

The $1000 gold price is everywhere in the news although I could not see it from my own eyes in any spot price chart. There could be another attempt this morning, gold is doing pretty well over 998 but I still think it will struggle again for a few days to go beyond that 1000 barrier.

999.46, come on you can do it boy!

998.75 now on livecharts!

Bernanke is currently going through all his pockets. What is he going to come up with this time?

It did not. Use that one instead http://www.livecharts.co.uk/MarketCharts/gold.php

Back up to 997! NY opening is going to be interesting... I still think it won't surpass the 1000 mark in the next few days. I would like to be wrong though

Thanks for the links

Does anyone know a good link for real time or 15/20min delay currency rates? The Yahoo one is quite bad. On the other hand, I quite like that one for comparing all major currencies to gold: http://goldprice.org/gold-price.html

Exactly! It is currently quite frustrated. Gold is truly underperforming at the moment, once it breaks the psychological $1000 barrier which I believe may still take a few days or weeks, it will go ballistic like oil did on the $100!