DoctorSolar

Yes I think it pretty poor form of Dr B to not respond to your (and others) question as to why the title now only has trading in it. There has been quite a bit tension on the board of late and Dr B has taken some unfair and unwarranted bashing. But this doesn't make it right not to reply to a reasonable question asked by reasonable and valuable members. The "full of it" comment I also took exception to. I enjoy your posts GF so please keep posting. I will happily tune in to a separate thread and contribute what little I can.

Im continually adding to my physical silver stash and I notice on ebay UK that 1oz commemorative sterling silver coins from wee commonwealth islands etc are regularly selling for 10% under spot. They don't state their silver content on the actual coin but come with a certificate stating the purity and weight. Any of you chaps reckon these are a good buy? My thoughts are silver is silver. But maybe folks just prefer the well known bullion coins and are not interested in such things even at a discount?

Fair point GF. I reckon this site has a fair number of lurkers who are reading these threads as a means to educate themselves and protect what little wealth they have. Given current demographics of this site I imagine a significant portion will hold this wealth in GBP. This is why I and others are at pains to point out that if you do not have a core position in gold and silver yet you really need to get one RIGHT NOW! Do not wait for a dip if you are holding GBP. Get a core position no regardless of price. If you have money outside of this core position you can afford to lose then fine trade a way and best of luck. To be fair Dr B has consistently stated in other threads that those in GBP should look at gold. Perhaps we should have two separate threads? One for trading and one for investment?

I'm loving these dips. Gives me a chance to get my remaining savings out of GBP I am a buyer of any and all gold weakness here.

As predicted by Dr B (?) and others, GBP is falling as fast/faster than Gold. All of which totally validates the do not wait for a dip if you are holding GBP approach. You could of course convert to USD and then to gold later but this is a big risk for someone who does not have a core position yet.

Brown sold half the coutries gold at the bottom of the market but not to worry fellow UK residents! Huge Anglo-Saxon gold hoard found

Are you still thinking UK house prices will fall to an average of 100k from here Dr Bubb? Or is sterling now so doomed that everything will go up in nominal terms?

Found a fantastic response to this that wraps up my thoughts very succinctly: http://www.thedailybell.com/523/Gold-inves...ing-frenzy.html As I have said elsewhere I am starting to genuinely think we will look back at all these articles and posts saying "time to take profits" and book them in some fiat currency and laugh. Take profits and book them in to gold and silver! The video of they guy saying "if you are buying gold now you are buying from me" really made me chuckle. Maybe I will write to him and thank him for selling it to me so cheap

It is now abundantly clear that those seeking to preserve their wealth should buy a core position of gold and silver and hold. If you wish to get fancy by thinking you can trade this market go ahead maybe you will get lucky. But as GF says that is often the road to losing your shirt. I tinkered with a tiny trade on the GS ratio and learned my lesson. Fortunately at only a small loss. You could also try and finesse your entry by trying to predict that there will be some big sell off and you will get an ounce of gold for Prechters 400USD or Hugh Hendry's 600USD. BUT what if they are horribly wrong! Again the message is clear DO NOT muck about trying to finesse things here it is far too dangerous. Instead commit to converting a set amount of GBP in to gold each and every week/month regardless of price. I have done this since June and have been well rewarded.

I couldnt have put it any better GF. Lovely stuff.

As I mentioned earlier I wonder when more people will start doing what RH and others on here are doing and take profits in gold! Sometime reasonably soon i think taking profits in GBP or USD will be seen as quaint/foolhardy

I wonder if/when we will look back at such videos and think "How quaint. They still kept score in USD then".

Im in a bit of a quandary. I can buy some sterling silver medals that contain 2oz silver each and are hallmarked for 10% less than spot. Alternatively I could buy some more government minted coins e.g. philharmonics but these are 30% over spot. Which would you buy and why? Im tempted to go with the medals as silver is silver and they are hallmarked. Edit: I know I could go with brits and avoid capital gains tax and all that but the brits are just too much over spot for my tastes.

Does sound intriguing. I have sent off an email to the member of staff dealing with this offer requesting further information. I will post here what he has to say. Anyone else looking in to this? Anyone heard back from them?

Some may be doing better than others. My folks run a post office and see a steady stream of parcels being shipped of to postalgold and cash4gold etc... any jewellers/pawn shop owners here noticed an increase in gold trade?

He almost admits as much on this weeks howestreet audio At just after 6mins in he says he got stopped out on his silver short position. That will be sweet music to the silver bugs I swapped silver for gold on his forecast like a few others. No been a good move so far. But maybe by end october it will be a different story?

Thanks all. I might just have to get one of these for the wee one. Best to start them off early The 2009 Gold Bullion Baby Sovereign

I'll be saying those words in a different context in 2 weeks... first child due. Hoping it will be a double celebration

996.80USD kitcos gold price charts must be getting hammered now All the goldies hitting f5 to watch it sail over 1000USD

Agreed 100% GF. Its just plain daft thinking. The same type of wrongheaded thinking that makes the likes of Mr Paul Hill in Moneyweek claim gold is in a bubble just because it did not hold over $1000. So higher prices would indicate we are not in a bubble? My god man with thinking like that you would be buying buy to let properties at the peak in 2007!! All of which makes me realise the supposed experts get it wrong a lot of the time. Sun Micro a good buy at 13USD Paul Hill?! Now bought out at 9USD Trust your own instincts. If gold looks good then don't get too fancy. Average your way in. Agreed 100% too

Possible but highly unlikely. Gold rebounded quickly after the crash last year and has maintained these levels. A dip is of course possible but I'm with RH and think the floor is now in at around 900USD. Those like me holding sterling have probably already seen the low at 562 GBP. I very much doubt it will go below that now given the dreadful state of the UK. My strategy of buying each and every month regardless of price over the summer has done well so far. I didn't have a big enough position to feel secure so didn't want to wait for the big crash in case it didn't materialise. I would advise those in sterling that dont have decent position in gold to average in asap.

Hi, GF I know you know all this already but for anyone new to this the following clip highlights all the dangers. No one in their right mind would consider these ETFs or futures an investment in gold or silver. Buy physical ONLY or shares in good mining companies. From:

Thanks Dr B. Makes sense. With the future of the pound being ruined by current low interest rates I've mostly been saving through buying gold/silver/palladium. Views are pretty split at the moment how these will fair over the next quarter so I have stopped buying for the moment until the picture becomes a little clearer. Im hoping that at worst the pound will fall more than these metals collectively by 2011.

Maybe he should do the exact opposite of his instinct just like George Costanza does in this classic Seinfeld episode From:

I sincerely hope you are right Dr B. As you may have seen from a few of my posts on the subject house prices here in Edinburgh seem to have barely fallen at all and I am still priced out the market even though both myself and wife have what I think are good salaries in stable jobs and a sizable deposit (35% at current prices). Sadly to get back to sane prices we will most likely need to see a massive wave of repossessions. People wont sell at a loss unless forced to. Low interest rates have bailed the over stretched out for the time being. Will the UK gov keep bailing them out? If they do then we could trundle along at current prices for quite some time.