Jump to content

Mr Pipples

Members
 View Profile  See their activity

  • Posts

    1,203

  • Joined

  • Last visited

 Content Type 

Posts posted by Mr Pipples

  1. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    :o

     

    What has happened to GEI?!

     

    I'm sitting in my favourite cafe in my adopted, laid-back Portuguese town & within one hour of little me (who still can't tell her GLD from her SPY) posting her concerns there are five responses!

     

    Muito obrigado Senhors

     

    Will absorb later; but right now the cheese cake is heaven :)

     

    Sod the gold. Give me cheescake and Portugal.

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Yesterday I started nibbling on Gold etfs.

     

    Gold is on its way to $870 now.

    You should be asking what will happen if that breaks. $800, and even $700 are possible.

     

    I think some folks here may be in serious denial about what is going on now !

     

    ???

     

    I do appreciate your sharings, Dr B - but I'm often a bit muddled by your game plan.

  6. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Keep meaning to look at averaging into GM (I already have a core holding). Do they now allow Direct Debits from the Uk or do you have to go through the painful clearing / waiting process every month?

     

    Check their FAQ but doubt they're accepting DD's. Maybe a Standing Order could be set up? Give them a call.

  7. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I spoke with my accountant about this and he told me that when you swap you are actually selling and reinvesting. So if the sale is within your £9,000 profit allowance, it is beneficial as you are taking part of your allowance for that year and reinvesting the money.

     

     

    You are obliged to inform HMRC when you make a gain in CGT, normally at the end of your tax year. You only have to account for it when you withdraw funds from GoldMoney to another bank account. Sometimes it is worth taking the hit on the spread costs to make sure that you use your full CGT allowance each year.

     

    Thanks for that.

  14. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Showdown Time? By: Theodore Butler - http://news.silverseek.com/TedButler/1243963795.php

     

    The level of the extreme concentrated short position suggests it must be resolved at some point. The timing and price pattern are always uncertain, but resolution is coming. The rally could extend further if more speculators buy on the way up and the commercials sell more to them. But eventually someone must blink and move to close out positions. If the dealers are able to rip the rug out from the speculators and force them to sell at lower prices, that will be the usual resolution. If the dealers get into trouble with their shorts and start to buy back to cover, which will occur someday, we will explode in price. Will it be now? I don’t know.

  16. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    For info re delivery of silver: it sems one can still pick it up, just not have it delivered by VIA MAT :)

    all's well.

     

    A GoldMoney Administrator wrote on 2009-Jun-01 08:44

    GMT:

     

    Dear Customer,

     

    Thank you for your message.

     

    Via Mat International, our vault operator will only deliver

    30,000 ounces of silver (30 silver bars). However, you can

    visit our Agent in London and arrange to pick up your one

    silver bar if you wish. Therefore, I confirm you can

    receive physical possession of your silver bar which I

    trust meets with your satisfaction.

     

    Please do not hesitate to contact me should you have any

    further queries on the above.

     

    Best regards

    GoldMoney Support Team

     

    Yep. Zurich = 30 bars min pickup/delivery. London = same if direct with VIAMAT but GM has local agent who can pick up less for you - for a fee. That's how I read it anyway.

  17. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hi,

    I sent a comment via their website and if it doesn't come back with a satisfactory answer I will email James T himself, I think that is a great suggestion.

     

    The original email from GM is here for posterity; there are some fees, but in the event of a comex default or something of that scale, I wouldn't really give a flying monkey about the extra grand or so.

     

    Yep, that's (the letter) what they figure for me. That does apply (unless they've changed their minds) - so you can get single bars - just with a fee. No fee on gold bars or if you can collect 30 bars of silver.

  18. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I know this isn't the most exciting thing in the world, but when I bought a 1000 oz of silver in Goldmoney, one could still take delivery of a sngle bar. That was in November. I also checked by email with them that this was the case in December as I have only a small holding. Now, I see on the website:

     

    Now, I know certain members on this forum have said this was the case before, but each time someone here said it, i checked the GM site and it definitely said one could take delivery of a single 1000 oz bar.

     

    This may seem a small point, but I think it's important- on of our only routes to physically take delivery of economical 1000 oz bars just disappeared!!!!!!! :( - why would you want delivery of a 1000 oz bar? - well ,why did you sign up to GM in the first place? - for me it was precisely because the hurdles for takng delivery were quite small.

     

    I am going to email GM with their original dated email to me stating that one could take delivery of single bars, to see why they changed it, and if they can reinstate it. Anyone else interested in the result?

     

     

    Yes, keep us posted. I would be interested to hear the rationale for why you would need to own 30,000 ounces of silver in order to take possession of 1,000 ounces. :blink:

     

    I got them to figure this stuff out. 30 bars of silver = 1 pallet. That's all VIAMAT will shift about - guess they can't be arsed with the admin and faffing for the odd few bars. Goldmoney said that they could get a rep to pick up bars for you in London - for a fee (making it not that good a deal unless you were maybe going to get a lot). Things may have changed a bit since when all this got sussed (last Autumn?) though. My old posts have got more details I think. From what I remember, it never said anything about collection of silver on the website - that's why I got onto them - only said about collection of gold bars. You got an email saying you could collect single bars of silver with no fees?

     

    Maybe send an email to Mr Turk directly (mention this website - he's aware of it) and show this email, state people are unsure of the facts (with reference to what's stated/not stated on the website) and ask what the score is.

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Willie - on one...

     

    Hitmen Contracts to Bust COMEX - http://news.goldseek.com/GoldenJackass/1243519200.php

     

    It has come to my attention that several private parties have accepted contract assignments to neuter the COMEX and London Metals Exchange, to render ruin to its gold market.

     

    Lordy!

     

    Well, don't know about all that - but I do know I'm thinking the odds of me hedging against another round of deleveraging by selling 1/4 of my silver for $ being a good choice are seeming less favourable...

  23. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    So you are saying that most here are expecting a correction in equities and a rally in gold while the contrarian is expecting the opposite, a correction in gold and a rally in the equities.

     

    There is a third option, perhaps the contrarian's contrarian, that both gold and equities correct. The rationale for this is that we may be due shortly for another round of deleveraging/ forced liquidation. I think the above chart comparing the present Dow with the past is quite compelling. As others have observed, I doubt gold will go as low as the last correction as there are many smart money lining up to buy which would act to counter too large a sell-off.

     

     

    I think it will be unlikely to see gold correct while equities continue to rally. They should both continue to be the beneficiaries of inflation fear as long as investor perceptions remain fixed on Bernanke's money supply. The Dow and gold may well continue to rally together before they then correct together, which should come on the back of some economic news or event sparking a deflation scare.

     

    Gold would afterwards bounce back to a higher high as it is further monetized [bought as a currency] and be in stronger hands. The Dow should continue down to lower lows.

     

    Yep, that's a concern of mine.

     

    Think deleveraging is about the only thing could knock gold down seriously now... Personally, with what's going on with bonds and $ though, I'm not so worried about gold - I'm more worried about silver. It also wouldn't surprise me if G&S go bonkers now though - if a real desire for physical kicks in. Things are turning topsy-turvy.

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Gold: unstable metal (Interactive graph) - http://www.ft.com/cms/s/0/046b52f6-3a41-11...144feabdc0.html

     

    Also, not directly gold but saves me faffing about finding somewhere else to put em...

     

    China stuck in ‘dollar trap’ - http://www.ft.com/cms/s/0/5b47c8f8-488c-11...144feabdc0.html

     

    US bonds sale faces market resistance - http://www.telegraph.co.uk/finance/finance...resistance.html

     

    EDIT: forgot this one. Gold on verge of historic breakout? - http://www.marketwatch.com/story/gold-on-v...d=rss&rss=1 Check out reference to James Turk's recent comments. Hints at leveraging? (I'm certainly not 'ramping' that.) Would like to check out more of this FGMR - if anyone gets it, care to summarise?

×
×
  • Create New...