Schaublin

Gold spiked up 20 USD - what's that about?

On the topic of good service, I've just received my 1kg 2010 Libertads from CID within 36 hours of placing the order. I had only seen photos of these coins before and it certainly didn't prepare me for seeing them for real. Even Mrs JL was impressed

I can recommend coininvestdirect too - a very good service. There is always a slight worry when dealing with a company on the Internet for the first time - I used the recommendations of posters here on GEI about CID several years ago and am grateful to them.

In a similar vein, has anyone noticed how few 1 oz gold coins there are on ebay. Back in 2005 when I started buying there were typically over 100 available from UK sellers at any one time. Now it's down to about 15 or so. They were around £245/£250 back in 2005.

 

In case anyone's worried about the volatility of paper gold they can observe that the ebay price is much steadier and isn't prone to sudden take downs like paper gold.

Agree. ebay is worth watching for real-world prices and suppy - I too have noticed far fewer krugerrands for sale and the prices above spot are significantly higher than they were a few years ago.

How about now?

ok, at £12/OZ, silver seems stupidly cheap now - how long will it be before we look back and think it was absurdly cheap

Silver at 12GBP/OZ - wonder how long it will be when that seems stupidly cheap!

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)

Thanks - it does seem strange - perhaps a software glitch.

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

Why the 7% rate - is it a mistake or a special offer?

Where is this guy coming from?!

 

Everything is so rosy now that $650 is on?

 

I'd be piling in well before that & I'm sure I'd get crushed in the rush!

 

http://investophoria.blogspot.com/

 

 

 

Note the lack of screws to hold up his plastic plaque

The author does not want to nail his colours to the mast (gold will either go up or down a lot...) so perhaps he has no nails either! Laura, you are frighteningly observant!

I have Tuna to trade for shotgun shells but Shotgun Tony does not need Tuna - he needs some cigarettes - but Cigarette Cyril has plenty of shotgun shells - he needs a drink of whisky - and so on.

Gold and silver have been used to solve this problem for thousands of years. It's simple!

Some people seem to spend an inordinate amount of time on the Internet trying to persuade other people not to own gold and silver. What a curious thing.

Yes, sorry, Morgan Stanley Not Barclay's. I am sure that Barclay's practices are all above reproach.

I'd just like to bump Laura's excellent post about what's going on at Everbank (my red). Thanks to the trolling and lack of a cull, it kinda got lost. This is pretty significant IMO. Thanks Laura. I promise not to feed the furry one any more.

 

Personally, I think this means Everbank never purchased metal on behalf of their customers, and are terrified of some kind of default in the COMEX.

There was a case a few years back involving Barclays IIRC - a silver ETF - which someone found out had no silver - it was settled out of court. What amused me was that the investors were charged 'storage' on their silver!

Interesting that they don't seem to have the intelligence to change the time of the smack down or release it in small amounts throughout the day. Even I noticed the smack down today and I don't know very much about this topic at all. My question is: why are they so thick?

They're not - they just think we are

A faith-rattling dive from 16.00 hrs gmt.

 

Ahh, but it is Wednesday

 

and a few forgotten trillion aside it's all been good news.

 

Conclusion? - Cool social engineering is working well. What else matters?

You are so enigmatic - waving your rolling-pin around...suggestively! As far as I can see, the ups and downs of paper trading are really becoming irrelevant if you think the system is broken and cannot be repaired - only 'reset' then it seems that:

Get a stash

Hide the stash

Go fishing

Seems the way to go.

I miss the way the Gold thread used to be. I just noticed a bit of a smackdown, and my first thought was to come here and enjoy some of the smackdown-related banter...

 

*watches tumbleweed roll by*

Me too - many good posters have found new homes after being hounded out...

He's now frantically piling into USD. This is the clearest message I've had yet to lighten up on dollars.

What a complete and utter fool that man is - jumping from one declining currency to another - and even then managing to get it wrong. I remember him years ago on HPC telling all and any that gold was overbought at 600 USD - I pity anyone who listened to his advice.

RB Contraindicator Alert. Get ready for some price action!

It is frightening how good a contrarian indicator RB is - if he had done the opposite of what he has being saying for years, he would be very wealthy by now!

GOM

 

It may well be the case that the stock markets crash, if not next week then some time later this year.

 

But that doesn't equate, in my mind, to a necessary rise in the P o G.

 

The strange thing is, the more I read of your posts (and the posts of other gold-bugs) the less inclined I am to invest in gold. I am constantly reminded, by you and your ilk, of tulip mania and lift-boys!

 

Meanwhile, I've got a pair of shoes that need shining.......

If you look at Jim Sinclair's site with its pictures of dogs with cheesy captions, you might be put off what Sinclair has to say - I expect some are but you have to swallow your prejudice and decide if what he says is credible or not.

If you have found the attitude of some of the pro-gold posters here to be unpleasant and use this as a guide to preserving (or not) your wealth, you may come to the wrong conclusion as to what you should do. Look at the numbers, look at the debt, look at the wealth production of the UK vs its consumption - look at the facts to guide your decisions!

I'm not convinced that the base-line measure against which a parabolic rise is measured is very important. It may have a short term importance (Weimar germany, for instance) but the correction toward balance will always be the over-riding driving force.

When hyperinflation occurs, the purchasing power of the currency ends up at zero. The exponential curve could be used for anything - not just gold. The actual increase in purchasing power of gold in the last few years is as a result of prescience of the few who are buying it while they are able.

I don't get the impression that Prechter is trying to buy gold at $300/oz. I think he's just telling what he sees - a bit like I am attempting to do.

 

Prechter does it from a financial background and I do it from a background of 5 decades of keen observation of people, the natural world, psychology etc.

 

My observations and experience lead me to believe that Prechter is correct in his forecast - simply because I "feel in my bones" (shorthand for some kind of sub-conscious distillation of knowledge and experience) the constant tug toward balance.

 

Gold is NOT going to go parabolic - the equal and opposite reaction that attends all systems will click in before that.

If you are assuming that the currency will have a stable purchasing power into the future, you would be right. The purchasing power of gold will probably go up somewhat - perhaps double what it is now. The exponential curve does not represent the purchasing power of gold only the amount of zeros in fiat needed to buy it. At some point, no amount of devalued currency will be accepted for gold (when the line is vertical) This does not mean that the purchasing power of gold is infinite, just that all faith has been lost in fiat. There are many historical examples of this. The collapse of the Soviet Union is recent and well worth reading up on.

Waht transgression? what are you talking about?

I am suggesting that there are some forums (no names) where although it appears that free debate is permissible, if you cross the invisible line, you will be reprimanded or banned. If you continue to tell the truth, you will be banned again!!

My post above has been reported and I have been warned again!!

 

Can nobody say anything they believe to be true on this website?

 

What thoughtcrime does this come under this time?

 

Crazy

Truth is no excuse for transgression. Gilded cages are still prisons.

Very interesting. I would guess - extrapolating by scale of roughly 2:1 - and difference is X1.5 or so, would be about 900%.

Is it possible for it to actually get there before hyperinflation?

The imperial system is more poetic, I'll give it that. But I think the argument is that metric is based on reason.

 

...and it does seem that many folk in this country have a passionate distaste for rational discourse, ESPECIALLY regarding home ownership, which of course plays beautifully to the tune of the purveyors of property pornography, estate agents, The Times and The Express and so on, who all wish/believe property shall increase forever and ever amen.

Nothing to do with being poetic - just more practical. Any system that has evolved through many hundreds of years will be better than one thought up by a committee. I will admit that for science, the metric system has advantages but for everyday usage, you cannot beat that which has evolved.

As an example of this, think of a cart wheel - from 1900 - this represents the collective wisdom and experience of hundreds of generations of wheel builders - compare this wheel with a wheel that would be designed by a committee with no prior knowledge of wheel building but good technical design abilities. The 1900 wheel would be infinitely superior - because of thousands of years of trial and error.

People don't prefer rational things here in the UK. Just take the metric system.

The metric system is not rational - it was dreamed up by French intellectuals who had no grounding in the real world. The imperial system gradually evolved over time to best suit the purposes of ordinary people. The metric system is an IMPOSED SYSTEM in much the same way as fiat is imposed money.

Edit: My two nieces without any prompting, started to use inches in dressmaking and ounces in cooking when they came to the UK at about 14 years old. I was curious about this and they said that seeing the dual measures on scales and tape measures, they found the imperial units more 'natural' to use.

True and looking on the net the only problems people seem to have had have been with delivery times and the quality of the coins they had received (some were scratched). I am going to buy a few at first, sell one to reassure myself and then buy the rest if everything has gone ok.

 

How many coins would you buy before looking for a discount from the seller (I will probably be buying the gold sovereigns currently priced at around £180) and what discount is normal (i.e. £5 off for each coin for every 25 you buy or whatever). I know it will be different for every dealer and I am going to enquire about a discount for my larger order anyway but want to check how hard I should be negotiating.

Sorry, I cannot give any advice on this - there may be others here who have experience of how much discount for bulk can be expected but each case is different. The current price correction may work in your favour though - if you are quick!

Good luck.