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andrew

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Everything posted by andrew

  1. This from Chris Weber. Barrick Gold, (ABX) at Monday's close had not been so low since 1989: over a quarter-century ago. Many others hadn't been so low since 2002: Kinross is just one example. The several royalty companies have held up better than the miners. But even great news for some miners has been ignored lately. Look at this news for New Gold, (NGD or NGD.TO), that came out on last "Bloody Monday": http://finance.yahoo.com/news/gold-further-enhances-financial-flexibility-120000955.html
  2. I seem to recall that GF said in the past that he was doing some work for a hedge fund, hopefully there is a simple answer for his absence such as he isn't allowed to publish any of his work while this is going on ? Anyway I wish him all the best and offer my sincere thanks for helping educate so many of us. GF if you get to read this thread ........ I thank you Sir !!
  3. Sadly GF's gold.approximity site seems to have gone. If anyone has info on how to find those great charts please let me know. The wayback machine seems to be of little help.
  4. I'd be careful. Why would this company be willing to pay investors 10%. If they are credit worthy they can finance through a bank at about 2% over base rate. If they deal with a bank for financing they don't have the headache of dealing with a load of investors, just the annual loan review with their bank if all is going well. In short this seems a complicated way of raising funds for a credit worthy company who have a freehold(?) Asset. If they can't raise the funds through a bank the risk your taking on will be higher than I'd be happy with.
  5. andrew

    GOLD

    GF great to see you posting ! Yes silver is looking good. Best regards AB
  6. andrew

    SILVER

    Thanks for that reply notanewmember AB
  7. andrew

    SILVER

    *********************** "They are legal tender, contain fine silver.... they are VAT free." Do you have something to back up the VAT free statement as silver Britannia's have VAT charged on them by dealers and they also have a sterling face value. Thanks AB
  8. Thanks Carlton, great that you were at the event. I'll read your thoughts with interest.
  9. The Cyprus bank account raid if it goes through would leave everyone with a deposit in a bank feeling very nervious. If I had a deposit there, first thing Tuesday morning I'd be making arrangements to empty the account in case they try the same trick a second time. But where to move your deposit to? This is looking good for physical gold. I'm also getting confused at the line between taxation and outright theft.
  10. R H What is your thinking behind choosing 40 as a buy point, do you have a sell target?
  11. andrew

    GOLD

    GOldfinger great to see you post again! As always great charts. Thank you.
  12. andrew

    GOLD

    That picture has made me think! In some ways the house looks good to my eyes, but in others not so........ Maybe because I was brought up in a area in London with that style of building it lacks ' depth ' to my eyes. It just feels two dimensional, the building lacks something..... The proportions of the windows are good like you say. But to me it has the feel of a pastiche. Getting to your point about charts, like the house picture, if they don't 'feel' natural on viewing I tend not to trust them whatever scale is used. Not sure that this will make sence to you guys...... : ( Thanks Sledge your post has helped my thinking.
  13. andrew

    SILVER

    RH I don't know how to post charts, but went to Yahoo Finance and got a two year chart comparing AGQ with SLV The result was using AGQ had no advantage over SLV at all !! You maybe increasing your risk over the two odd years time frame, without getting ANY benefit. Hope this link works........ http://finance.yahoo...n&z=l&q=l&c=SLV ******Also posted in your trading volatility thread******
  14. RH I don't know how to post charts, but went to Yahoo Finance and got a two year chart comparing AGQ with SLV The result was using AGQ had no advantage over SLV at all !! You maybe increasing your risk over the two odd years time frame, without getting ANY benefit. Hope this link works........ http://finance.yahoo.com/q/bc?s=AGQ&t=2y&l=on&z=l&q=l&c=SLV
  15. andrew

    SILVER

    I suspect that this subject will already have been covered in the past, but does anyone know if 1oz silver Britannia's are CGT exempt like gold Britannia's and sovereigns as they are considered specie ?
  16. andrew

    GOLD

    YES..... Or just trying to find a good entry point to put new money into this bull market!
  17. andrew

    GOLD

    GF............... Why did you do that ? You may have started another long consolidation. Ho well, it'll give me a chance to buy some more............
  18. Yes, no news is good news.

    So far so good.

  19. andrew

    GOLD

    I also am looking to dispense with new turdling and have not sold a single oz. Alchemising paper into gold................. Good way of thinking of it fitkid
  20. andrew

    GOLD

    Your point is well taken, I have been lucky in this approach a couple of times in the past, but looking back it was gut feelinh and luck. As you say the accelerating trend lines make this an increasingly risky game to play.
  21. andrew

    GOLD

    At the moment I'm in the same frustrating position as fitkid, hoping for a correction to buy. Please do not be rude.
  22. andrew

    GOLD

    I don't see what your monster correction thought is based on from this chart, but also I'm no chartist !
  23. andrew

    GOLD

    So true. You can lead a horse to water, but you can't make it drink.
  24. andrew

    GOLD

    Thank you Laura for the frizzers link. As time goes by I'm finding myself thinking that as all the major currency's are debased more and more, a tipping point will be reached when the populations see their purchasing power dropping at an alarming rate. People will instinctively start spending savings and income as a matter of urgency, as not to do so is to accept less for it in the near future. All real necessities will spiral in fiat cost, food and energy probably the fastest. We I believe will face inflation that will be very difficult to deal with, even on a day to day basis. Fiat money will be recognised for what it is and all faith in fiat will be lost. Then we will face some panic induced 'new' monetary system....... This system, to be accepted would have to have a real tangible backing. After decades of selling and leasing away their [barbarous] gold reserves, central banks now buying gold again. I think most of us on this site guess why. [We may face a little delay in the next QE to set the scene and excuse for the next flood of money creation.]
  25. andrew

    GOLD

    This is a question and answer from www.weberglobal.net 15‐July‐2011 Chris Weber has great insight and has been it gold and silver since the start of this bull market. Always worth paying close attention to what he says. Q: Mr. Weber: This may never happen, but what if governments decided to back their currencies with gold and established a fixed price for gold as it was before the US went off the gold standard? Would the price of gold crash to the new price? Would the price go substantially higher because of the new demand caused by such actions? A: I think there is a good chance of this indeed happening, since we have the makings of a global hyperinflation which will end in a global currency collapse. People are slowly coming to own gold in their personal portfolios, and central banks are once again accumulating it. If there is to be restored convertibility, the price would have to be much higher than the current price. It is too soon to tell now the price range, but I think that $5,000 per ounce would be a starting point, given how things are today. But that could change. If this happened, your gold would be worth much more in terms of national currencies than it is now. The chances of gold crashing if governments restored convertibility are so small as to be zero. They would only be restoring convertibility in the first place because people would be putting much more value on gold then they do today. Therefore the market price would be much higher, and the official price would have to be much higher still in order for a fixed price to work.
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