ziknik

Yes. I like the fact that with GM I can sell for spot at any time. The charges are all paid up front in the buy purchase.

 

There was a discussion about handling accusations of money laundering earlier on this thread. There is an argument that a certain desperate politician loosing control of his economy (GB by name and country) might start to target GM and BV in money laundering investigations. GB I understand did use laws designed for anti-terrorism to freeze assets of icelandic banks, which makes me nervous as to how he might use any such power in the future. Anyone know which of the two - BV or GM - is furthest from GB's control?

I don’t believe British accounts can be frozen in BV & GM under the money laundering rules because all the money comes from a British bank that has already complied with all the money laundering rules.

Though I suppose it is possible to freeze the whole of GM & BV while HMG investigate foreign accounts.

HMG will be forcing through new rules to make Jersey G20 tax compliant. It is no safer than London

http://www.guardian.co.uk/business/2009/ap...-to-end-secrecy

British overseas tax havens were today put under renewed pressure by Gordon Brown to end their culture of secrecy within six months or face sanctions.

…

The prime minister has also written to the crown dependencies of Jersey, Guernsey and the Isle of Man telling them that he expects rapid further progress to end tax and banking secrecy.

…

Bullion Vault seems a lot cheaper for gold than Goldmoney. What advantage does Gold Money offer?

Bullion Vault will charge commission on BUY and SELL. Goldmoney only charge on BUY.

Overall, it works out about the same.

...

Is this the same in the UK, that is, do the banks buy/sell gold? Or do you have to go to a PM dealer to buy coins or bars?

I don’t know of any banks that will exchange gold/silver for fiat currencies in the UK.

I am told (by older relatives) that gold & silver coins and bars were available up to the 1980s

All my gold/silver buying is via bullion dealers / coin shops or Goldmoney & Bullionvault

...

Fortunately, he goes on to debunk the idea:

 

/more: http://www.timesonline.co.uk/tol/money/inv...icle6059138.ece

I've had my comment posted on the Timesonline website!

There would be thousands of people living in tent/caravan cities if there was a shortage of property. Everybody is living somewhere; presumably in a property. In any case, there are more than 1 million properties listed as ‘empty’ on the Council Tax register. Where is the shortage?

Mr Z Nik, Manchester, UK

Has anyone else bought SHB?

I doubled up my position at 280

I’m ‘buying the bounce’. I’ve put a small amount of money on SHB.

 

http://www.shaftesbury.co.uk/about.php

 

...

Like LuckyOne, I think UK home prices are overvalued, and it would be far too dangerous to "buy the bounce". Transaction costs are too high, and it is slow process to sell, so I am recommending that would be home buyers ignore the "buy" signal, and stay on the sidelines. It may feel good to be ahead, watch your home value go up for 6-9 months (if we see that), but is it really worthwhile to find yourself locked in, if we see a resumption of the downtrend? The other dangerous posibility is that "the bounce" will be very short lived, only a month or two. If that happens, you may find yourself losing money on your UK home even before the closing has happened.

 

Do be careful.

I’m ‘buying the bounce’. I’ve put a small amount of money on SHB.

http://www.shaftesbury.co.uk/about.php

My expectation is this:

 

1/ Prices will be pushed higher by "bargain hunters" taking advantage of low rates, and the talk they will be hearing that we will soon see the bottom in the UK econoimic cycle, Surging stock prices may help build this confidence,

 

2/ There will be a decent recovery, lasting for several months, maybe even a year, when prices will bounceback perhaps by 6-10% off their lows.

 

3/ Then the recovery will be undermined by rising rates and/or rising unemployment

 

4/ A deeper slide towards the final bottom will begin. This will be lower. probably much lower than the low of the first half of 2009.

 

So to answer your question, rising rates are part of steps 3 and 4 in this scenario

 

...

Why do you think the recovery could last up to a year?

I think BDEV and TW could have a good recovery for a few months but I cannot see house prices rising for more than 2/3 months in a row.

These are my reasons:

** The longest period of rises during the 1990’s was 5 months, Feb - Jun 1992. Falls resumed through Jul and Aug. Sep 1992 was back below the Feb 1992 price

** And RPI was positive throughout this period. This time RPI is close to zero and may even turn negative

** The SA data for the above months shows MoM of +0.3%, -0.9%, +0.3%, -0.0% (Mar-Jun) i.e. there was only 2 months of price rises in this period, they weren’t consecutive

** The MoM price changes have been much larger during this crash. >1% per month is the norm. The rises (shown by Nationwide and Halifax) have also been surprisingly large.

** There’s no dead cat bounce in the USA (yet?)

I agree, we are not going to see demand pull" inflation driven by higher wages. If we see inflation, we will see "cost push" inflation driven by higher food and energy prices. This type of inflation will eventually put interest rates up, and will HURT, not help property prices.

...

‘Record low interest rates’ are Gordon Browns proudest achievement. I don’t think the independent BofE will be allowed to raise interest rates.

Inflation will cause a large discrepancy between real and nominal house prices.

...

Sinking interest rates have left one couple paying just 1p a month in mortgage repayments on their £400,000 London home, it emerged today.

...

£400 grand for a 2-up-2-down terrace! Wow, the housing bubble still manages to surprise me.

What’s the average salary in ‘Hampton’?

^^ Do we still have the Notable Posts thing?

Top post pixel8r

...

BTW, while those here who like Gold have been waiting for Gold to vault through $1,000,

I just clipped a nice quick 30% profit in less than 3 weeks trading other stocks.

 

That is just as good as a jump to $1,300.

 

So I had as good as a profit as that sort of jump, while Gold bulls here are still waiting.

Best of all, 80% of my original investment is now sitting there in Cash. If I put it

into GLD, and we see that sort of jump up, I have won twice, while others here win

only once!

Well done doc. I hope you continue to make handsome profits

I don’t have your ability and knowledge (yet?). I will be happy IF I can win once.

Right now, I think things are looking very bad for most people. Winning will probably mean losing less than others for me.

As if you folks don't know already, this is going to get real ugly. I sincerely hope most of you have some land out in the country by now. Don't think for one second that this coming shit-storm won't affect you. It will. And PMs won't be enough. Me? Land is already there (just a couple of acres) and in the process of building a small house and drilling a water well. I'm going to get me some dobermans as well. I sincerely wish all you fellow gold bugs good luck. We are all going to need it. Peace be with you all.

Extra mouths to feed

Have you considered getting some rabbits?

...

Anyone know the best place to buy this, I usually use the book depository and they don't stock it.

http://www.abebooks.co.uk/servlet/SearchRe...Gold+and+Silver

www.abebooks.co.uk

Who has the ability to influence the bbc and gains from ramping gold.

Who?

EDIT: And why?

Good lord!! Did anyone else SEE THIS?!

 

News at 10 tonight, clearest signal of gold ramping if ever i saw one. i am in no doubt news is orgastrated.

 

2 news stories, 1) Negative equity family, feelin porer and more house prices to crash.

2) Mini documentary on gold in southafrica, as gold can only go up.

 

BBC! Now i am worried. I think I should sell.

I saw it too

Hi,

 

I live overseas but will be back in the UK soon. Could I buy silver coins at a dealer, keep the receipt and then claim the VAT back at the airport? I only want to do it if it is legitimate.

 

I know that I don't have to pay VAT when I import them to where I live.

I beleive you can re-claim your VAT payments if you are a citizen of another country

The majority of people do not accept your view that gold is money. Try buying a loaf of bread in Tesco with your gold. Gold has no intrinsic value, unlike oil or corn or sugar. Gold depends on people's acceptance of it as a store of value. Just like fiat.

Ask people what, ”I promise to pay the bearer on demand the sum of TEN Pounds” means.

I found that the majority of people believe they can exchange their fiat for gold at the Bank of England.

The ultradeflationist view could also be the one where most currencies will lose their efficacy; being themselves financial instruments these days they will also deflate or depreciate. I have termed this position hyper-deflation. Incredible though it may seem, this view suggests that sound money will be scarce in the future and assets comparatively cheap to today. Gold and silver being the strongest symbols of money will continue to strengthen and likely become the primary currencies once the US dollar eventually devalues. The conventional deflationist does not envisage a devaluation of the dollar and possibly other major currencies.

 

Though units of currency may be multiplying, money is being destroyed today.

What’s the difference between hyperinflation and your hyper-deflation?

What did you get? 1 ounce bars?

What did you get?

...

2 x 20 grams. I need them to replace some gold jewellery I melted down for cash at Hatton Garden Metals.

Hatton Garden Metals are very good btw.

My gold bars arrived from Bairds today. I ordered them on Saturday night

I’d never seen a gold bar (in real life) before.

I’m really surprised at how small they are; they looked much bigger on the website

My entire BV holding is probably smaller than one of them small Ipods. I’m note sure why I am bothering with BV now. I can easily find safe places to keep such small volumes.

there full of shit those labels

 

dont be a consumer monkey

 

wear a vest

There’s an aerosol too!

I *NEED* to buy one

Silver is being used in deodorants !

http://www.nivea.co.uk/products/show/26978

...

CID have brits in at the mo and I don't expect this to last through to the summer. I am half hoping for a comex dip to pull down the physical price on these beauties to under £15 each - if so I will be buying a few

...

Chards have been very competitive with their new silver coin prices recently. Better than CID.

They had Brits for £15.30 last time I phoned them.

What about paying with a cheque? Im sure they said that was ok if they recieved it the next day

I've sent the money by BACS already. I'm sure it will be OK

should've gone to specsavers CID

Last time I ordered from CID, the courier left my silver with my neighbour. I don’t want my PMs in my neighbours flats. Not even for a few minutes.

If I miss the Bairds delivery, it should go to the Royal Mail sorting office for me to collect. The prices for small bars are smilliar

I thought money arrives same day now? I have ordered some bars from them recently and they kept to the weekend price. In general price must be confirmed, the web page is only an indicator when you put in an order.

My money is at Nationwide. I think Nationwide can receive fast payments but not send them (yet)

All I can do is pay and keep my fingers crossed.

I ordered a couple of small bars from Barids on Saturday night using the website. I’ve got an email from them today.

The price has gone up (they haven’t held the Saturday night price). Is this normal? It’s only a few pence, but it’s the principle of the matter.

And

They want the money within 3 days or they will change the price. How is it possible? BACS is 4 days as standard. I’m at work now and can’t pay within office hours today so I have lost a day already