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Mr Pipples

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Posts posted by Mr Pipples

  5. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Re. Viamat - a question... (I've asked them directly but, emails really aren't their strong point. Last reply I got from them didn't answer question and included a response to another clients storage query - along with item details! :huh:)

     

    As Viamat are a member of the LBMA, does that mean that all Viamat storage locations are covered under the LBMA 'chain of integrity' or just some?

     

    If bullion is moved, by Viamat, between Viamat's different storage locations (Viamat, Kloten to Viamat, Zurich Airport and back again), would the bullion remain within the LBMA members chain of integrity - and, therefore, would not require re-assaying at any point?

     

    Thanks.

    Got this response from GM (Ha - they must love me! Keep testing them!)

     

    Dear Customer,

     

    Thank you for your message.

     

    I have been informed by Via Mat International that Via Mat itself is a member of the LBMA no matter where the vault is located, London or Zurich. Therefore, all Via Mat vaults are covered by LBMA membership.

     

    Please call Via Mat Zurich directly on 0041 434 889292 should you wish to discuss further.

     

    So, if you want to be extra-incognito, you could get Via Mat to shift bullion the 5 miles from Via Mat, Kloten, Zurich to the 'free zone' Via Mat, Zurich Airport and back again, without the LBMA 'chain of integrity' being broken. In other words, you could 'hide' it then have it re-accepted by GM, without any assaying problems.

     

    Of course, this would all need confirming by Via Mat... And, unfortunately, you'd need min @400oz gold (a full bar) to do it. Or 30000oz (min' possession at Kloten) of silver (ahh, but GM state they won't, as yet, accept silver). However, this Via Mat situation may be relevant to Comex bars (100oz) too (Note Jim S's recent stuff about shipping to the Via Mat 'free zone' depository at Zurich Airport.

  6. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Do you think about the price of dollars? Or the price of pounds? Most people don't because they are currencies which price other things.

     

    Think of gold as a currency also and you will cease to worry about the "price" of it. It will also do wonders for your peace of mind. :)

     

    But when you're trying to time a buy - it does matter. (Sometimes a big difference day to day.)

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I am now hearing rumours from the same source that there is an urgency to try and get it below 600 EUR.

     

    The source also tells me GBP is on the verge of a precipitous slide.

     

    I am actually finding the lack of recent cgnao posts somewhat unnerving...

     

    No news is good news? :unsure: Doubt it!

  8. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    my local dealer, as are many others, are completely out of krugs. i phoned him today as i noticed their margins on krugs compared to bars were huge so i enquired whether they would swap my krugs for bars and also pay me the cash difference. he nearly bit my hand off. i realise bars are harder to trade, but an ounce is an ounce and it also gives me some extra paper to play with over the festive season. anyone see any problem with this? the bars are pamp suisse

     

    Personally, it would have to be a hefty bit of cash coming your way to make the deal seem good. As I'm sure you realise, coins have several advantages (eg. harder to fake) which account for some premium over ingots.

  9. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    If you like a good Cheddar, have you tried 'Black Bomber'? ( it's contained in a black wax). No good for toasting, but beat's every other cheddar style cheese I've ever tried.

     

    http://www.snowdoniacheese.co.uk/

     

    (I don't own any shares -honest!!)

     

    Back on Topic:-

     

    I'd like to see 740-735 hold and the next leg up take out 835-845 on volume. That would be a big confirmation for me.

     

    Well, it is yellow, compact and of high quality... May go smelly when left in a vault for too long though.

     

    On Nov 26th gold was 820. 3 trading days later it was 760. We got the smackdown.

     

    Ahhh crap. I was expecting something more drastic then that! Frickin £'s fault.

  14. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Is anyone following the rumoured default on the comex? I found a link to the daily delivery report, but at this point in time I can't make much sense of it, having never followed it before and not knowing what figures are to be expected. Maybe someone here could help? ;)

     

    Daily Delivery of Gold

     

    Gold delivery apparently is the first column.

     

    Taken from Trader Dan's comments re. Comex: http://jsmineset.com/index.php/2008/12/01/...-trader-dan-20/

     

    ...Today we had another 2,566 deliveries that were taken, or stopped, against the December gold contract. That brings the monthly total to 11,166 ounces in just two days worth of deliveries. The entire month of October had only 11,554 to give you an idea how heavy the buying of the actual metal has been so far. Once again the stopper of size has been Bank of Nova Scotia. We are off to a very good start but cannot relax.

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    J.P. Morgan report likes gold - from www.gata.org

     

    Dear Friend of GATA and Gold:

     

    A report on gold and gold stocks issued this week by J.P. Morgan Securities Ltd. is positive for many of the reasons GATA has brought to your attention, though of course while it describes central bank involvement in the market the report does not quite frankly acknowledge the intent to suppress the price. An excerpt from the report:

     

    "Gold has been competing with the dollar as a relatively safe haven for investors as stock markets have fallen. Initially, gold and the dollar performed well, but it's wrong to compare dollar strength with the performance of the dollar-denominated gold price since, as the dollar rises, it slows the upward movement of dollar gold. In the less volatile Swiss franc, gold achieved a new all-time high about one month ago. Until the fear-driven flows into the dollar slow, the dollar could continue to rise, but gold's improved visibility may be preparing gold for strength into the year end. We would like to see gold perform in absolute terms, but we are very happy with gold's outperformance of the S&P 500. ..."

     

    You can read the report here:

     

    http://www.gata.org/files/JPMorganGoldReport-11-25-2008.pdf

     

    CHRIS POWELL, Secretary/Treasurer

    Gold Anti-Trust Action Committee Inc.

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Is The End Of The COMEX Nigh? By Andy Hoffman - http://news.goldseek.com/GoldSeek/1228061100.php

     

    Last paragraph:

     

    I am not naïve enough to believe the Cartel is not aware of this potential “situation” on the COMEX, and will likely do everything in their power to prevent it from happening. But the December contract will likely see them face some stiff competition, perhaps the most they have experienced yet. And even if it doesn’t happen now, the odds of it occurring in the near-future are rising exponentially, especially given the escalating nature of the financial crisis and its accompanying bailouts.

  20. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Mmm, it's quiet...too quiet. Calm before the storm?

     

    I think they are building up to something big...

     

    For the first time in a long time, I'm actually in the 'hoping-for-a-slapdown' camp... cgnao's £500 kiss goodbye?

     

    Remember Comex was closed yesterday though.

  21. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    IMO, BillionVault and GoldMoney are the safest and best options for gold holdings that are outside your immediate environment for people who can not afford to have their own Swiss bank locker.

     

    Like I've said before, I rate GM a little over BV cause:

    • C.I. based,
    • 'simpler' process for physical collection (though my view on this has changed recently - re. silver bars collection constraints)
    • gg transfers. This facility might offer real potential... Someone commented on this over on the Letters of Credit thread.

     

    Re. Viamat - a question... (I've asked them directly but, emails really aren't their strong point. Last reply I got from them didn't answer question and included a response to another clients storage query - along with item details! :huh:)

     

    As Viamat are a member of the LBMA, does that mean that all Viamat storage locations are covered under the LBMA 'chain of integrity' or just some?

     

    If bullion is moved, by Viamat, between Viamat's different storage locations (Viamat, Kloten to Viamat, Zurich Airport and back again), would the bullion remain within the LBMA members chain of integrity - and, therefore, would not require re-assaying at any point?

     

    Thanks.

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    The Hoye-ster: Gold sector update - http://www.321gold.com/editorials/hoye/hoye112708.pdf

     

    OUTLOOK FOR GOLD STOCKS

    • Gold shares had been likely to decline as part of the typical fall crash, which would

    likely clear around mid November, and our advice since late October has been to

    cover shorts in silver stocks and to get long the gold sector.

    • A new bull market for gold shares has been expected to start in November and run for

    a few years.

    • This has been expected to encompass the whole gold sector, including exploration

    stocks.

    • Based upon previous post-bubble contractions, this could run for around 20 years. Of

    course, the usual business cycle would prevail, with the gold sector doing well on the

    recessions.

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