nicejim

Unfortunately I missed that one. The 2009 1oz Britannia is still available at the "special" price.

There have been a couple of threads on this. Here's one. http://www.greenenergyinvestors.com/index....mp;#entry117962 The coins were created by a group promoting closer ties between Europe and the USA, though that information seems to have been lost amid the noise of people putting on their tinfoil hats. And nobody told Medvedev.

They've still not sold out of the last special offer - gold has been below the special fixed price since the offer began!

Is it still the case that no two countries with a McDonalds have gone to war with each other? Perhaps trade is a better peacekeeper than gold. Problem is, people will want to enforce their own terms on the trade.

I'll gladly pay over the odds if this guy wants to sell me a third of his gold. But something tells me he doesn't.

I didn't know when the drop in production came and I guessed at sausage because you can put any old **** in it and people will buy it. I did suspect the spending on housing would fall though. As you point out, landlords have no pricing power, but another factor in the reduction would be in fixed rate mortgage payments. This might not have been such an issue in Germany but could be useful in hedging wealth in the UK. I'd ask what you are hoping to hedge - is it wealth or income? Getting income of a tiny portion of a household's food bill will obviously not protect your spending power but what about wealth protection if you buy with a fixed rate mortgage? Suppose you buy a property costing 4x average income (AI), with a deposit of 1xAI. You might subsidise your tenant to the tune of 0.1xAI for the first few years (I think these figures are in the right ballpark for the UK at the moment) but pricing power could wipe this out before inflation went hyper. In a few more years you could pay off the capital with an hour's wages and would have an asset with a long term value of about 3xAI (given that the current 4xAI value is overpriced), which would have cost you 1.2xAI. So it's possible to hedge wealth via property. The big problem I have with this is that UK wages are almost a cert to fall relative to other countries, and living standards decline. If you spend 1.2x UK wages for an asset which will soon be worth 3x Bulgarian wages then you've not properly hedged. It probably won't be that bad but even so, I don't think it's worth the risk of hyperinflation not happening. Depending on your other debts and your job security, the 0.1x subsidy could bring you down if we go Japanese. I've had this discussion on other forums and also got the response that staying in cash would wipe you out - as though there are only 2 things to store wealth in!

Today's Dilbert http://www.dilbert.com/strips/comic/2009-06-26/

http://business.timesonline.co.uk/tol/busi...et=0&page=1 Where does $32.8 trillion hide when it's scared? And what would be the effect on gold of just 1% of this money?

I paid £11.48 in January. Silver was at £8/oz then.

Do you know how old he is? How do you know he'll live for 7 years?

I'm not practised in TA but those lines do look to have some reasoning behind them, and I like the conclusion . What about the top of the identically sized green and red bars after May '06 for support? Have you done TA on the gold/silver ratio? I notice it's gone back above 67 from being 62ish a few weeks ago.

Very cool. Max often mentions Refco but I'd never looked into it until today. http://en.wikipedia.org/wiki/Refco Leverage up, fake the accounts, round up the sheep, steal the wealth and let it go BOOM! A model Wall Street enterprise.

Gold in the media again. Bullionvault.com interview on Motley fool: http://www.fool.co.uk/money-talk/gold-to-h...ounce-3342.aspx

The nature of Monkey was...IRREPRESSIBLE! From: http://www.youtube.com/watch?v=5iUMWy4hqAg

John Paulson, not Hank. Although I'd not be surprised if Hank has some too. There was a piece on the German gold vending machines on radio 5 this morning.

2009 Britannias at a special price, but more expensive than 2008 Brits! And apparently there's 0.1g less gold in them.

As for trading silver for gold, someone mentioned the savings on storage costs but could there be an advantage in terms of capital gains too? I'm not sure how it's taxed when you're effectively bartering but I expect you'd be able to quote a price in your national currency. It's handy to be able to book a gain without having to be in cash for any period to show you're not "bed and breakfasting".

Overbought or not, it looks like America woke up this morning and bought some more, and silver too. Nice movements upwards in the "Twighlight Zone" all day, and with GBP down I'm glad I've not got the balls to trade this.

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I've had mine on since Thursday!

What do people use to get the volume of trades? Is GLD used as a proxy? What about trade outside the US?

The y-axis goes down to -$50! I'm pretty sure GF would step in before the price hit zero

Like they say, "you can't eat it or live in it". It's a means to an end.

Pah! Frizzers obviously didn't read the Jim Willie article

2.72% up to the big one, 2.47% up from this time yesterday