Mr Pipples

No rockets yet?

I got 2x 1974 Krugs for £470 each from a little back street shop this week... Didn't even try to haggle him - guy didn't know current spot. Still, I reckon PMs could well be in for another kicking!

Private banks rethinking gold, seen next big buyers: http://in.reuters.com/article/businessNews...-35707320080929

Maybe because traders are expecting this?

Just what I was thinking... Why are PMs getting hit as the Asian and Euro markets drop bigtime? More panic deleveraging?

Obviously that will be a nightmare for all countries that hold lots of $ in reserve. A global nightmare I guess - something that will be fought hard by those that will suffer. It's either that or the nightmare of finding replacement(s) has to come about. Some might gain by standing behind an alternative globally recognised reserve (China/Russia?) but would the + out-weight the - ? How can the $ be secured as an asset - by backing it with something that inspires confidence. What else might offer confidence better then gold/silver? I have no idea how/if this could be done and am talking as a total layman - just relaying thoughts as they pop into my head! Jim's idea just seemed a bit less far-fetched!

Maybe Jim Sinclair's idea of a Gold Certificate Ratio might not be so out-of-wack! http://www.jsmineset.com/ARhome.asp?VAfg=1...cate&UArts=

http://goldprice.org/silver-and-gold-prices/

Note, just before 7 mins in he refers to RTC being talked about... Happening now.

Just found this announcement on the 'Buy Silver' page at GM: Shortages in the big (1000z) bars now?

Well if you've got 2 big T's... Maybe later. Some expected sell off/resistance around 900 then.

Fuk me! Spiked right up!

Well, I'm an idiot then. Any junior recommendations Dr Bubb?

Sure did.

Cheers for that RH. (Must say, do appreciate your input.) Yes, I reckon I'll ride my commodity investments through... Am taking a long-term 'pension' view on them, with my PM stuff acting like a mid-term 'savings a/c'. Or something like that!

I swapped quite a lot at 62 and was thinking about more at 74 but, frankly, silver's too darn scary! I have a G to S ounce ratio of 1:120 now - that's bullion and doesn't factor in juniors and PM funds.

I think you may have commented on this before RH but how do you see things for energy, ag', water, e.m. commodities? Edit - sorry, not the right section for this question really.

For funds I guess you've got Blackrock or Ruffer maybe - think Ruffer has more juniors out of the 2. Don't think there's anything to recommend in the way of an LSE minors ETF- the best are Canadian I believe. For individual juniors check out Cuthbert's article in last weeks Moneyweek - also check the Mining and Precious Metals section for Bubbs tips. Some of those tipped are LSE / AIM listed I think - but not many.

Eh? What's going on there then? That's a bit wacked! EDIT - that made me laugh - 3x responses.

Come on silver - giddy up! Your supposed to be the temperamental race horse - not the old nag at the back!

Well, it's looking like silver was a shite idea.

Silver got another kicking today then - G:S ratio dropped a bit more. Arse.

Note how, when he starts to talk about gold, he mentions he expects a massive re-inflationary play - after the deleveraging.

Couldn't tell you that exactly, but from what I gather, silver didn't do well at all during the GD. But, as R.H. has just posted, paper currency back then was backed by gold so that was the obvious choice. It isn't now so that makes silver a definite candidate for treatment as a monetary metal - but whether it'll pull it off is the ?