6v6
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Posts posted by 6v6
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I just noticed that Fresnillo PLC will be entered into the FTSE 100.
More here: http://ftalphaville.ft.com/blog/2009/03/09...ats-in-and-out/
This has got to be good news for Physical Silver, no?
I am 100% out of shares but I may have a punt with this share. Any advice?
Looks interesting - would have been a great buy last autumn - it's gone up nearly 400% since then!
Do you think that sort of dramatic slump & recovery could mean it will get spanked again if there's another major selloff, or if the big traders get excited by another sector and sell off PMs (say Oil for example)?
Seems to me as it's recovered most of its 2008 losses there may not be much further to bounce, but then again I suppose that also depends on what the silver price does.
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US dollars is the only significant price for gold now.
This is the exact attitude I'm baffled by. This is only true if you only have USD to buy with, and you're only interested in selling in USD.
If (say) you have a bank account full of fast-depreciating GBP, and you decide you want to buy gold, then later sell, perhaps to buy a house (priced in GBP), then then *only* price which matters is gold in GBP, at the time(s) you buy and the time you sell.
It seems to me that (unless you want to trade the swings in USD) obsessing over the price in USD is just a distraction for those not buying/selling in that currency.
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Looks like new stock has arrived. But bullion coins are now £18. [Maples/Eagle]
Are you guys seriously paying nearly 100% over spot for these coins?
(GM is nearly £9/oz at the moment, buy @£9.45)
Am I missing something?
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At 924 gold looks very cheap....maybe I can find some turdling behind my sofa!!
*Why* does every one always quote the dollar prices, even if they are planning to buy in some other currency?!?
It really baffles me, as although they are somewhat correlated (not always, look at the decoupling with sterlings devaluation last year), surely the only price which matters is that which you plan to buy in?
Gold in GBP is still over £650 on GM (now) which still looks pretty expensive to me. I'm sticking to silver and oil stocks for now
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Could go down to £300,000 if the market is allowed, which I doubt, to correct back to normal levels.
I'm as bearish as they come when it comes to UK property, but I'll eat my hat if houses like that are ever going for 300k - there's just too many moneyed up mid-older generation people with loads of equity & cash reserves. Your estimate of 450k sounds more realistic IMHO. Hell, I'm a FTB (been waiting for 9 years mind
) and could probably just about stretch to 300k (not that I intend to) -
Ag now over £10/oz on Goldmoney.
Doh - bought some on Monday but the bulk of my funds for silver haven't yet been transferred, anyone see a nice dip in the near future?
GOLD
in Gold, FX, Stocks / Diaries & Blogs
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Surely not - jewelry is neither liquid (unless you melt it!
) or tradeable, unlike bullion bars or coins, you also generally pay a large premium above spot due to the work that goes into making the jewelry, shop markups etc. I think it's right to perceive jewelry (luxury) purchases as distinct from bullion (investment) purchases.