springer

I agree with Methinkshe 100%.

Gold at £721. Is that a new all time high?

Thankyou CJ am down that way this weekend - might just pop in.

Thanks Diet Cola, I'm a complete pension virgin so I am learning as I go. I was assuming I would have to transfer all funds in one go, I have not done enough research yet and am still waiting to hear back from Scottish Equitable if I can make the transfer at all. But averaging in seems a good idea.

In case anyone else is interested - Berkley Burke (not goldmoney) are the company that provide the gold Sipp. It is allocated physical metal and the same vaults as GM are used for storage. Thanks again chrisct, you've made my day!

Thanks chrisct. That is excellent news, I already have an account with GM and like them very much. I would be very happy having a SIPP with them, didn't even occur to me that they might do this.

Can anyone help? I want to transfer my small personal pension, which I've had for 10 years now,out of stocks and shares and into precious metals (physical if poss). Can anyone point me in the direction of an investment co that will do this? I'm not having alot of luck on google.

Wow -I hope so, if you're right that's some mountain ahead of us! A mania phase in gold would be very nice thankyou!

Maybe it is getting more mainstream - just logged onto my email and front page of www.orange.co.uk is talking up gold!

I have managed to gently persuade a few friends now to look into gold. I have passed on what I have learned from this website (thanks guys) and opened the idea to them that there are possibly dire consequences to follow this 'credit crunch' as they are still calling it. I have passed on goldmoney's website to them, told them how easy it is to use and all I can do now is hope they follow through. It is quite difficult to do cos you want to frighten them enough to make them start doing a bit of research whilst not being considered a doommonger. I try to lightheartedly slip gold into the conversation if it is at all possible even to the plumber who was whining about his shares! You never know it might just prompt them to get off their backsides and do abit of DD. Just trying to do my bit

Thankyou dst for that comprehensive answer. No I'm not thinkinking that. I don't see anything but apalling news day after day and am gobsmacked at the lagg in POG to be honest. I can't deny I am not anticipating anything other than a rocket surge in the upward direction! But when - I just know.

What time do the american markets open again? I forget.

£664/per oz is this not a new high in sterling?

double post

Has anyone heard of an auction website called swoopo? The last 5gm gold(Degussa feingold 999.99) bar sold for £7.21 apparently. There must be a catch, there is always a catch!!!

just for identification purposes!

GOM - it was supposed to be a picture of rocket!

That's definitely dandelion! Great idea though, gave me a laugh on a monday morning!

Skipton - apparently they are a pretty safe provider that is not too embroiled in this mess, I didnt check this myself though , just took a friends(FA) word for it. Also I can make 10% capital repayments each year. It was extremely easy , they didnt even check our salary/value of house etc etc (worrying eric would not like that!) Very low LTV though.

Last week I fixed my mortgage at 5.6% for 7 years. I think that IR's could well go down in the short term but I was not interested in saving a few quid now and risk getting caught out later! I did wonder whether I had done the right thing and was especially nervous last fri when electronic money was flying through the system. I was glued to the tv/computer and online banking hoping the system didnt implode that day! However, having done it I am feeling extremely relaxed, knowing exactly what is what for the next 7 yrs. AND 5.6% is still historically low. hope this helps Springer

I am very interested to know more about Argentina and in particular the first 2/3 weeks of the crisis. Can anyone point me to any links or even better anecdotal information. I am trying to gage how quickly panic spread through to the people in the streets and just how fast hyperinflation can take hold. Thanks, Springer

Wow thanks id5. That really helps. I would love to buy a few coins to diversify my 'protection' but I think I would start to really scare myself if I did that, I dont want to give weight to my fears. This financial shit storm that is due is going to be horrific and the fallout from it could be worse than anyone believes possible - I so hope we are all wrong. In the mean time, I'll keep the larder fully stocked and get those hens I've been meaning to have for a few years now. The veg patch is coming on nicely.

Thankyou all for your replies. This is indeed what I had read. It seems that my worries are unfounded then as my bullion was not delivered to me and also that the HMRC seem to be no longer in existence. Thankyou for clarifying that.

Thanks for the reply Matt, I'm obviously confused then. I thought I had read somewhere that if you purchase more than 1K of gold in a year you get automatically registered with someone( cant remember who). Maybe it is the CGT that I was thinking of then .

sorry if my previous post is in the wrong place - I 'm not too good at this yet! Feel free to move , I dont know how!