pieshop

Wish I'd seen this contest :

The design contest, an annual ‘beauty prize for objects’, was launched in 2007 in Italy by the architect Sandro Silvi. Every year it gives away €10 000 (£9165) in gold coins to the public voter whose choices most closely match the final results.

Mind you, I wouldn't have won as I think the fireplace looks awful As does the contest website IMO.

I have just used Cgnao's tip as an excuse to get out of BV, I don't trust any of the countries where you can store your bullion. It seems a little insane to be partly sitting out of the market at the moment, but I will be watching the spot price like a hawk. I will be buying back in to add to my physical ASAP - post smackdown, I have faith in the man.

Snap. I liquidated 70% of my BV holding and want to exchange the turdling and add to my physical stash. Im hoping for a dip, but am going to buy regardless.

There's a sale on at coin invest direct tomorrow. you could grab one then.

The details:

Special Offer at CoinInvestDirect

Dear Client,

Once again we would like to draw your attention to our next special offer.

This time CoinInvestDirect will be offering the 1oz Krügerrand gold 2008 and the 1/10oz Maple Leaf gold 2008 at a fixed price.

We have put aside certain quantities for this special offer and it will be advertised on our website as of Saturday morning, September 27th 2008. This offer only lasts as long as stocks are available. The maximum order limit will be 5 coins per item per client.

We are looking forward to receiving your orders.

Kind regards.

Your CoinInvestDirect Team

bounced off $920 Onwards and upwards my son.

Fuk me!

Not really. I'm in with 10% gold and currently subscribe to the 'hold a percentage in gold, and hope it does badly' view. I'm interested in what happens, but certainly not 'crapping myself'.

It's called "crapping yourself because your investments appear to be tanking" and "challenging what was arguably becoming an increasingly complacent discussion (except then Magpie or wrongmove stuck their oar in) in the hope of gaining reassurance and enlightenment".

 

 

PS I like the moniker "Smuttie" though.

Point taken - i'll shut up now

What's going on in the peanut gallery today? Newbies like Smuttie and Pieshop suddenly come out from the woods where they have been hiding and start stiring up our lovely gold thread here.

lol

pieshop: your answer and attitude are interesting.

Do you always react like that or do the questions disturb you?

Well then, good luck with the 'research'.

pieshop

 

Is that input satisfactory?

 

no.

I thought my questions were reasonable? And you still haven't provided anything more than extremely vague answers. Now don't take offense, but my trolldar went off when I saw your post. However, it wasn't an all klaxons blaring signal, hence my suggestion that more contextual detail from you might encourage responses. Is that input satisfactory?

Why : because it is my homework.

with whom : my training buddies.

why: because that's the scenario I have been given to defend.

 

any input from you?

And your reasons for wanting to find this out are? Why exactly do you have to 'defend gold going as low as 666'? What do you mean by defend? I assume some sort of debate - if so, with whom, why etc. If you provide more background you may get some responses.

I am trying to find out if there is a price level of gold which could create a sentiment of uncomfort, malaise, disbelief and panick among gold holders.

If you could answer some of my questions, this would really be helpful as you are a gold holder.

Hi everyone,

 

I have had the unfortunate role of defending the "impossible" , i.e. gold going

as low as 666. I was myself suspicious when the number 666 came out, but

not being in occultism, I take it as a mere number

 

- how would you, gold holders, react if gold was to go to 800? 750? 700? 666?

up to which level would you hold? when would you expect call margins?

how low would have gold to go for you to sell? If you were to sell, would you

sell bit by bit or all in one go? would any of these numbers make you sweat or bring panick?

 

- how would you react if this movement was slow and steady?

- how would you react if this movement was accompanied with a lot of volatility?

 

- for this to happen : what % of world bank, IMF and other CBs gold reserve would have to be sold?

 

- who would benefit from these falls?

 

What do you believe is the likelihood of these levels being reached ( may be a why would help me win )

and what amount in loss $ this would represent

- 800 : likelihood / why / loss

- 750 : likelihood / why / loss

- 700 : likelihood / why / loss

- 666 : likelihood / why / loss

Likewise, I use both London and Zurich with BV. Still haven't got round to finishing the application for GoldMoney - I must get that done this weekend.

Thanks for the welcome G0ldfinger

After a couple of months of prevarication I have decided having a percentage of my pot in pm's is just common sense right now. Most of the prevarication was caused because I was thinking of holding physical gold, and was unsure of security. BV and GM has made the decision much easier

Welcome pieshop. I use BV and GM as well. It's well worth going through the validation processes since it is a very convenient way for smaller investors to buy and store physical gold and silver bullion.

I used BACS but Cahoot don't have the fast transfer operating yet - very annoying. I did a small amount first to try, and then 2 days later did 10K, and neither of them has gone through yet. Next I have to decide percentage of STR pot (230K) to put into pm's, and then percentages to gold/silver. It's all a bit stressful !

Have you used BACS to transfer your money? Mine transferred in over night. Check your sort code here.

 

http://www.apacs.org.uk/sortcodechecker/index.html

 

I put a few quid into BV last week so I could practice buying and selling before I turned up with proper amounts of money.

Same boat for me. Just opened and validated my Bullion Vault account last week (it can all be done online), and I'm now waiting for the money to transfer across from my bank. The money won't be there until wednesday!

I'm also in the process of setting up a goldmoney account - it's much more of a pain to sort out.

Yeah, I am in the same "boot"... but even worse, can't load up until August

 

If I remember correctly, some commentators on FSN/ goldseek are still calling for movement between these levels and 850. Here's hoping.