Schaublin

What's the thinking behind this?

Before I transferred funds to BV some years ago, I did enough research into the company to satisfy myself that it was a sound proposition with honourable people in control. Edit: Now that there is a new element involved, it would require me to do similar time consuming research - I prefer not to do so.

Just had an email from Bullion Vault.

We are delighted to welcome the World Gold Council and Augmentum

Capital, which is backed by Rothschild Investment Trust, as minority

investors in BullionVault.

Pity, BV was great while it lasted but it was too tempting a fruit to be plucked.

I do not have much left at BV but what I have, will be coming out in the near future.

Check these little babies out........

 

http://cgi.ebay.co.uk/ws/eBayISAPI.dll?Vie...%3D1&_rdc=1

 

In the listing details it says "THIS SET COST £96 IN 1977". That was 3 years off the peak so what will they be worth this time round?

Hoover them up while people will still take fiat.

This just appeared on zerohedge; the same day as a particularly aurophobic thread (which isn't link worthy imho) on hpc

 

 

Aurophobia is defined by Webster's dictionary as an abnormal fear of everything gold; but it might be more aptly defined as 'the pathological and almost hysterical fear of owning gold, as espoused by the mainstream media'. The mainstream financial media seem to be falling prey to this malaise at an alarming rate. With gold rising seemingly in perpetuity not only in dollar terms but in a plethora of free-floating paper currencies, the antagonists are out in full force, their fear and loathing of gold for all to see. Gold seems to engender all manner of emotions, and there appears to be no middle ground. The mere mention of the word can induce comments more on a par with those of Marmite. People either 'love it or hate it', as the advert for the nation's most divisive breakfast spread chimes. Indeed the skew of hate from most media gets more pronounced at every new high. Indeed, every interim peak in gold's price over the last few years has been accompanied by a cacophony of voices proclaiming it to be overvalued. The inevitable retreats that have followed have been short-lived, briefly silencing the critics. However much to these critics’ consternation gold keeps making new highs, and with it their strident chorus of disbelief echoes out even more fervently. - Hinde Capital

My take on it is that we are in a kind of phoney war period where anyone with any gumption (including uber rich unspeakables) knows the debt is too great for the system to recover and will store their wealth as gold.

For a brief but uncertain period of time, one can still use paper currencies to purchase valuable goods (from the sheeple). The increase in the purchasing power of gold measured in dollars means we are closer to the endpoint - but when it comes, I think it will come swiftly.

Edit: Perhaps a fear of gold is linked to the fear of the changes that are coming. I wonder if people hate lifeboats because they represent the possibility of a disaster?

No one really excited about new all-time highs in gold anymore.

 

Populace possibly trying to figure out how to jump on the bandwaggon.

 

Read gold "analysts" and newsletter writers and say: I wait for $660 and then back up the truck.*

 

Hugh Hendry, who is Hugh Hendry?

 

 

EDIT: *Not gonna happen. Any entity with unlimited Dollars or Euros (there a quite a few of these) will buy unlimited gold at $1,000 latest. Fiat is done.

I think RB on HPC recommends backing up the truck at 300 USD FFS :lol:

how many kilograms would a 1000 oz be? 31?

1000 troy oz = 31.1034768 kilograms

Hint: type '1000 troy ounces in kilograms' into google and you will get an answer - any conversion in fact

Recently I have bought several items on ebay which came with the original receipts dated 1978. The coins sold for much the same figures in 1978 as they cost me on ebay.

 

My parents house cost £11,000 in 1978 and today they would be asking more than £220,000 which is 20 x more.

 

I think silver has a long way to go yet. Based on the comparison above, a £15 ounce coin would be £300, a £500 kilo bar would be £10,000.

 

Ouch!

I look at the:

Lack of productive capacity

Natural resources in relation to the population

Demographics and massive debt

- and conclude that UK property (and currency) is massively overvalued internationally. The supernova of GBP purchasing power - fueled by debt is now fading fast.

1000 oz of silver to buy a house in a third world country (UK) in a few years does not seem too much of a stretch of the imagination.

What do you all think about this . Articles suggesting that the amount of gold in existance has been kept a secret to enable them to crash the market at will etc

 

http://www.roadtoroota.com/public/181.cfm

 

 

 

&

Even if you think it is all a bit dramatic, almost anyone can afford a few kgs of silver - and it may turn out to be the best investment you ever made.

Prechter recognises gold as money, but I think his dollar vortex thesis over-rides a more pragamtic view on gold's behaviour here. Gold is becoming a de facto currency, and as such is becoming less a commodity to be caught up in a deleveraging vortex. imo this involves a paradox or fatal flaw within market fundamentalism where currencies are supposed to float freely in the market; as the free market system in currencies becomes increasingly unstable, money will go into into gold and away from economies. This process if unchecked would obviously be fatal to economies. The only way to check the process, and stabilize both currencies and economies would be for governments to renounce market fundamentalism and go back onto a gold standard thereby formalizing and stabiliizng a process which the free market precipitated.

Or do a little more 'intervention' (cough) in the paper-gold markets - or is that looking a bit risky now?

Good silver buying day? 17.36 down 59c!

I may have a small truck parked up somewhere that I had overlooked. Soon time to back it up

Good points. Is there any verifiable data on who is buying gold, and how much. Are the banks not buying to cover the crazy amounts of gold ETFs they are selling?

I do not know that there can be any really - so much obfuscation that I certainly would be skeptical of any published data. As for the other question, my belief is that central banks are buying gold because like you or me, they have an opportunity to swap paper for gold while there are still those willing to do so!

I know this question was aimed at GOldfinger but I'd like to comment too. Like you, I have spent some time researching the situation in the late 1970s and do not believe that the current state of affairs is comparable.

You wrote: I am not sure that the numbers of people who make that leap of faith will ever grow beyond a small minority

I agree, and that is the pity of it. In the not too distant future, when the burden of debt creates currency crises, and savers see their hard-earned wealth evaporate, the bulk of the gold will be owned by the criminal banks that currently run the fractional reserve ponzi scheme. They are gradually buying gold from weak hands - who are happy to have made a paper profit.

Questions I ask myself include:

Who is accumulating gold now?

What kind of payment will be accepted world-wide for valuable energy, food and resources?

Why does Russia take gold in payment for minerals sent south to China?

Look around the world from China to India - from the middle East to America and you will see the global perspective. The average Joe does not know anything about what is occurring globally - and that is why he is happy to sell-off his gold jewelery for a pittance.

He can either google it, or won't believe you anyway.

 

If I was Laura, I'd also get a nice stash of silver coins. In a SHTF scenario, a gold coin will buy the entire local SPAR Supermercado. You don't want that. What you want is to buy one aisle. A silver coin will do so.

:lol:

Guys, I know you have covered coins extensively but if you were travelling worldwide in difficult times which coins would you carry for emergencies?

I'm thinking in times of fiat failure. I thought OH & I should have some as there may be periods when fiat is failing so fast that by the time we have converted from gold in an account to paper in our hands, the darned paper will have plummeted in value.

Besides, it's been years since I had any real coins in my hand

Thxs.

For universal use, I would go with a mixture of Krugerrands (most common 1oz bullion coin) Sovereigns and mini 24k ingots such as Pamp Suisse 1g 5g 10g.

Edit: Laura, I am shocked that you are in paper-gold!

i always suspected that, but now i see i am not the only one:

 

"In Bernstein's view, people who advocated the gold standard were "deluded," "intoxicated," "obsessed," and "haunted." He contends that the gold standard was "primitive" and the result of "cupidity and stupidity." Not only does he believe that gold is not useful for anything save adornment, but that dire political and social consequences result from its use as money."

http://www.fame.org/HTM/Book%20Review%20Th...20Bernstein.htm

 

sure will be interesting to read. i also believe that who think we are going to be on gold standard some day are going to be very disappointed. what gold bugs miss to see is that the FOREX system is already a back bone for unified currency system, it just needs to evolve enough to be connected to all the banks and all credit/debit cards of all the citizens in the world. In 20 or 30 year from now, we could have it done and all the hopes for gold standard will be dead completely.

Also gold bugs miss that human specie is evolving into a new specie and in 100 years from now we probably will be able to create,destroy or convert the matter as we want to. Somebody said gold was a 5000 years bubble, i bet it is. A barbaric relic that you will see in a museum 200 from now. And if you think you aren't going to live by that time you could be very wrong. A trend in inmortality has already started and it is now your decision how long you will live, but some folks still want to deny the advances of thechnology, digging the ground is the only future they see.

Are we not all supposed to be using flying cars and working a few hours a month by now? That was what I was authoritatively told as a child in the 70's. Where is the trend in immortality starting? Can anyone do it? Is there a refund if it does not work?

Silver Sammy alive and well.......reincarnated as a prominent poster on HPC

 

RBCI

Gotta love Realistbear. 22 000 posts since 05 and he still does not understand. Perhaps he would be better advised doing more reading and less posting. In 05 I was just beginning to become interested in economics. Since then, I have sold property (Summer 07) and bought PMs with the goal of being able to buy a small holding. I am much closer to my goal thanks to seeing through people like RB and looking at real facts - thanks to many knowledgeable posters here like Pixel8er, GOldfinger and many others.

i am only sharing my work to open the eyes of people who has them closed, i do not pretend to cure blind people who are inverting fundamentals to support they buys. you are gold bug, fine, i know you will die holding your longs.

 

and if i was wrong for years, i am not going to give up because of that, the thing had deteriorating technicals for years too, it is a matter of time before the greed and stupidity of gold bugs will punish them, just like Walstreet, i see no difference absolutely.

I am not a gold bug - more of a coal bug really - I just don't have the room to store the stuff.

hey folks, i wrote this article on SA

it is not in the GOLD category because guidelines of SA do not allow publish strictly TA articles on the main page. So, if you want to help me to redistribute it , please be my guest, i am also promoting it.

Basicaly, the idea is that i found a potential long term Head & Shoulder pattern, still to be completed of course, but it looks very convincing. Check it out.

 

http://seekingalpha.com/instablog/481054-k...bears-long-term

So much time and effort spent on alchemy. If the sum of all human wisdom, fear, greed and stupidity was factored in with black-swan events and ponzi-scheme economics then integrated with market manipulation (allegedly) and that equation is represented by a squiggly line, I would love to meet the person that can figure out where the line will be on three consecutive Wednesdays.

Message from CID

Due to the high volume of orders to be shipped please note that deliveries might be delayed by several days. Thank you for your understanding.

.

Hmmm.

.

Someone knows something in Asia - as I write, gold up GBP 25/ oz to GBP 866

What did cgnao say about 900 GBP?

Some folks want to try and play the waves with one of the few things that can provide protection. Trying to get rich while the world blows up. Risking holding paper and being way out of position. Personally I think that is totally nuts. But hey ho that's for them to decide. The argument against doing so is well voiced here so even the newbie lurkers will have seen both sides.

I think the allure of a quick paper profit can be strong - but if thought through, how can that profit be stored? Professional and semi-professional traders here believe they can anticipate movements and make a profit - some (lucky) will and some (unlucky) will not but those who just hold will preserve their purchasing power - and will probably increase it into the future - they will also not have the extreme stress associated with high stakes gambling - although some people are born gamblers and love it.

Someone has hoovered up all the silver 1kg coins on CID - (Mexican and Australian). 1 ounce Philharmonics also out of stock. I remember when CID used to do special offers - not many of those lately

Just amusing myself at CoinInvestDirect and notice the 1/20th of oz coins currently selling for just over £50. Anyone have one of these? They must be incy-wincy! I'd be scared of losing down the back of the sofa. Are they too small ever to be realistically used as coinage?

I bought a few 1 gram ingots on a whim - they are small but perfectly formed

Yep which is why folks like yourself and many others on here are doing such a great job opening folks eyes. Keep up the good work folks.

I think there is a good balance here - some very knowledgeable posters, some 'ordinary' people that have taken an interest in economics due to their own personal circumstances (HPC etc). I think a newbie spending time on GEI would not go too far wrong.

It is not too cosy here however - for example many take umbrage with some of my views about modern history and private banking/ Rothschilds - but when everyone starts agreeing, it is time to look elsewhere.