Mr Pipples

EDIT - Bobsta beat me to a trader/investor stuff question. In fact ditto what he's said in his last few posts - that's where I'm at too.

Well, silver has just fallen below $12.50, which I think was a previous low.

I feel like the next Silver Sammy... Just exchanged quite a bit of my gold for silver yesterday! Shite.

James Turks latest: http://www.goldmoney.com/en/commentary.php

Re. Physical/Paper - demand/supply/price

I'm seriously considering going 100% silver right (for) now...

So if I take delivery of silver in the Channel Islands (not part of the EU) I can then bring it back into mainland UK without paying VAT? Would I be liable to pay tax of some sort at Customs? May be interested in taking delivery of silver bought through Goldmoney - who say re. taking delivery of silver...

Please note that if you plan to take delivery of the bar(s) in the UK or any other European Union country, VAT charges will apply and be added to the total cost mentioned above.

Ahhh, yes - I see that I would have to pay an exercise duty at customs equal to the vat due... Bummer.

No VAT in Ch Islands

So if I take delivery of silver in the Channel Islands (not part of the EU) I can then bring it back into mainland UK without paying VAT? Would I be liable to pay tax of some sort at Customs? May be interested in taking delivery of silver bought through Goldmoney - who say re. taking delivery of silver...

OK Dr Bubb - what's 'mystery'? An index of juniors or?

I'm considering Jinshan (jin.t) , Endeavour (edv.t), Pinetree (pnp.t) at the mo'. Would you still recommend GROW? Have already gone into Leyshon, Capital Gold, Fresnillo, Royal Gold.

Thanks to you and Frizzers for the pointers - maybe they'll turn good for me! Hopefully I can get by playing these as an investor and not as a trader - don't know what I'm doing enough for that!

Cheers.

Oh well, never mind

Re. Q.1 - there's bits on this over here and here. Really down to how extreme you think things will get!

GPM might be a better way to play it

 

But why stick with UK-traded stocks?

OK - what's current recommendation on non-uk etf for juniors - if there is one? Cheers.

Ambrian could be a good choice- the stock is building a decent base.

But it is more an investment bank, than a mining stock, so it may be the wrong risk-profile

Thanks for that. After a quick look it seems that in 2006 Ambrian split of PM's into Golden Prospect Precious Metals Limited - trading as GPM / GPMW - 'investing in the equities of metals and mining companies operating in the Gold, Silver, Platinum, Palladium, Diamond and Uranium sectors.' Hmmm.

Yes, GDX is virtually identical with HUI, and it tracks the majors.

But you will find more value amongst the Juniors.

 

Some funds that buy which, which I either: own, have owned, or are on my watchlist include:

(I occasionally buy them, but I think a broad exposure to "interesting juniors" may outperform these & GDX):

 

...and in the UK, maybe:

 

+ Ambrian Capital / AMBR.L , and/or its spin-off

+ ?>?

Does Ambrian Capital still get your vote Dr Bubb? Any other good UK ones? Cheers.

OK own up, who just bought a pallets worth of gold ?

 

I was just thinking how unnatural these flat sections look. And then within a few second it jumped up.

 

923.4. Doing nicely

The pound spiked down against the euro at the same time too: http://uk.finance.yahoo.com/q?s=GBPEUR=X

From FT.com (loads more along the same lines over there this evening):

Insight: Life won’t be easy in the ‘nasty decade’

...As such, we have no reason to expect the inflation outcome over the next few years to be much different to the outcome in the 1970s. Such conditions are difficult for investors. History shows that positive real returns can only be secured at the price of much higher volatility, with just a handful of asset classes – commodities, related equity sectors and property – delivering positive real returns.

 

Broad equity investments, cash and particularly bonds lose their value in real terms. Meanwhile, outside the financial markets, macroeconomic volatility is likely to rise and stagflationary interludes proliferate. Life won’t be easy in the “nasty” decade.

 

The writer is head of asset allocation strategy at Barclays Capital.

Edit: sorry - should have been posted in inflation forum...

Well, the gold runs have started.

http://www.telegraph.co.uk/news/1982850/Go...rnia-hills.html

 

I'm off to California for my holls. Might have to give it a try

A very bullish story - almost as bullish as Sinclairs bullseye!

this article might be of interest: http://www.financialsense.com/fsu/editoria.../2008/0320.html

Sorry if this has been posted elsewhere but I'm shocked . . .

 

Could they actually get away with it ??

 

http://www.ft.com/cms/s/0/a233faa2-f789-11...0077b07658.html

 

"Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis.

 

Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current vicious circle of forced sales, falling prices and weakening balance sheets."

What prices were you getting for 100 coins inc vat?

I did a little bit of digging this morning on the price of silver. I called a couple of coin shops and a bullion dealer and asked them what the price of 100 1oz eagles is. The response all sold out. I then went on ebay and 1oz eagles are all being bid in the low to mid twenties.

 

What does all this mean to me? Well the Comex or Crimex futures is being disconnected from the reality of the markets.

 

Either the crimex is right and liquidity will return to the physical market, or there will be one hellava short squeeze once traders realize the crimex is being manipulated by paper money/silver.

 

Keep hold of your bullion regardless of inflation or deflation.

wulfgar on GHPC has been predicting a fall for the middle of the year.

I don't post much on that thread. He seems to know exactly what is going to happen, which doesn't leave much room for debate.

 

Today he said:

 

http://forum.globalhousepricecrash.com/ind...0&start=900

 

I wonder what you guys think about that.

Wulfgar goes on to say:

Oh my Koala's, I haven't even liquidated yet! Gold in reality is only worth about 750 USD at the moment. So recent prices have been as much 33% above true market value.

Gold bugs have emerged as significant buying force and the dangerous element for the banking cartel is goldbuggery is price driven like commodity gold.

However it is mainly the long arm of the central banks that have sent gold into the overpriced territory. Over the past 6 months they would have aquired a 500 ton reserve. So is this the point where they start bashing gold and send it down?

Somehow I'd disinclined to see this as the point. I expect them to build an even larger reserve, so they can bash gold for a longer period of time.

So I'd be expecting strong gold prices for another couple of months.

What do you guys think of that!

IMO 1st person physical is the only way to go, in the event of societal collapse you should be able to get on a plane tommorow, though I won't have that problem because I'm moving to Asia in May already. China will be a lot safer than the UK.

Is it realistic to think you'd be able to 1. get a plane, 2. get on it (and off it) with loads of physical gold, 3. use that gold easily as a practical currency anywhere - in the event of a societal collapse? I'm not so sure...