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Mr Pipples

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  2. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    "When", not "If" BY ROB KIRBY - http://www.financialsense.com/Market/wrapup.htm

     

    ...When this gap can no longer be filled, paper gold and fiat burns.

     

    Failure to disclose will not alter the outcome. It’s a question of “when,” not “if.”

     

    Got physical gold yet?

     

    Here is an article for your favorite mining CEO by Peter Degraaf - http://www.financialsense.com/fsu/editoria.../2008/1229.html

     

    This article deals with the blatant manipulation that has been occurring in the gold and silver markets, and offers a solution. While this scandal has been going on for many years, at last more and more people are becoming aware that it is going on. ...

  4. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    GOLD IN 2008 & THE EXCITING 2009 - http://www.financialsense.com/editorials/p.../2008/1226.html

     

    ...In conclusion we have the opinion of the one man who respected gold yet worked so hard to sideline it in favor of $ hegemony. On May 20, 1999, Alan Greenspan testified before Congress, “Gold is always accepted and is the ultimate means of payment and is perceived to be an element of stability in the currency and in the ultimate value of the currency and that historically has always been the reason why governments hold gold.”

  9. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    The other option I am mulling over is goldmoney.com, as the long term goal is to reap the benefits through over sold silver and buy more gold longer term... I think I will sleep on it.

     

    That's my sort of thinking too. More expensive storage for silver at GM, but you don't have to worry about security and FAR easier to swap over to gold when and if...

     

    Could be a kick down - if it gets to around mid 10's, that may be a good time to get stuck in.

  10. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Why not just take delivery of silver off the COMEX market as Jim Sinclair has described multiple times?

     

    For silver, I'd think that's going to = expensive postage comparative to total value. I'd guess they'll only post high (expensive) security courier. (Think Comex silver are 1000oz bars too?)

     

    Dif' for gold!

     

    I looked into taking delivery via GM of silver LBMA 1000oz bars, but you have to pay an extra commission (min £500) to agent if wanting to pick up an amount less than 30 bars.

     

    EDIT: They've got silver Comex bars for sale here: http://www.bulliontradingllc.com/index.php?cPath=3 Not sure if they'd ship to UK or not.

  11. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I was going to take delivery and that is why I was favouring the 5KG over the 1KG bars, it would be easier to move around.

     

    Up to you fella, but if they'll do the smaller stuff for nearish the same price then, personally, I'd go for that option.

     

    I'm sure you won't find it too much of a chore having to move all those bars about - even if they're not quite such a 'handy' size.

     

    I'll come help if you like. ;)

  12. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Yes they are stamped Umicore, have a look here. I suppose I have 2 concerns...

     

    1) These are good delivery bars and if I took delivery of a gold good delivery bar, I have been told by BV that the value goes down because it goes out of the trusted banking/dealer cycle. Does this apply to these bars?

     

    2) Are they difficult to sell?

    This isn't an LBMA size bar/deal - so not part of that chain of integrity, but the bigger the bar, the more chance of a dealer being bothered about assaying. Is it that much cheaper (relatively) than smaller bars ? (That's the good thing about coins - far more faff to fake... But a killer premium!)

     

    What their storage charges are like - might be able to put off VAT that way too.

  16. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Libertads are not a very common coin in Europe, if you want a pic of a one take a look here

     

    Yes, I looked at those - but reckon it's better going for coins that are very well/easily recognised - even if they cost a bit more.

     

    Well, that's my final buy into gold bullion... Top up at GM and a few Krugers. Watch out below!

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I was under the impression Bob sees a retracement on silver for the short term, to around 50:1, with a general retracement in the markets.

     

    Yes, Bob Hoye is now (has been for a few weeks) saying silver/silver stocks look good - don't think I've seen mention of it getting back to 50:1 though. ('Phew' from me if it does!)

     

    The G&S ratio seems to often be used as a strong indicator for market actions.

     

    Gold Sector Update - Bob Hoye - November 28, 2008: http://www.howestreet.com/articles/index.php?article_id=8063

     

    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.

     

    GOLD/SILVER RATIO

     

    • Beyond being something to trade, the gold/silver ratio has been a reliable indicator of credit conditions. It declines during a boom and does its greatest service when it typically signals the contraction by increasing. The key move in 2008 occurred with the turn up in May from 46. This was with the reversal in the credit markets and the technical break out at 54 in August anticipated the fall disaster. Often during the more acute phase of a panic, silver can dramatically plunge relative to gold.

     

    • With the break above 54 our target on the full contraction became around 100. That level for the ratio was reached with the banking crisis that ended in late 1990, when the last of the 1980 adventures in crude, gold, silver and real estate were finally written off.

     

    • From a high close of 84 on October 28 with that panic the ratio declined to 71 with the stock market rebound to November 5. The next rise with the next panic was to 83.5 on Friday, November 21, and the ratio can decline for a few months as the financial markets recover in the first quarter.

  19. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Thanks steve, wren, Wanderer, cdswamp, bigtbigt for the pep talk, I needed it, it's a lot of money to play with! Cheers! B)

     

    We just sat down and talked about everything, it took a while... We have decided to go 10% cash for the unexpected, 45% physical silver and 45% physical gold, very similar to wren's suggestion. I aim to be all in by the middle of Jan at the latest. The 10% cash may find another home but it must be extremely liquid and diverse from our PM holding.

     

    BTW - cdswamp we're singing from the same hymn sheet, my savings wouldn't be 100% in to PM's if I weren't. Thanks for the detailed reply.

     

    Silver is a scary mare. I have too much of it! More of a gamble IMO - which is what CDSwamp says, I think. Eg. a comment by Jim from OCt': http://jsmineset.com/index.php/2008/10/16/jims-mailbox-10/ Not that I really go along with all of what Jim says there but, still, I'd recommend gold to anyone - silver as a more speculative play. So, maybe think to balance your G & S buys accordingly.

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