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sash777

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Everything posted by sash777

  1. Activity of the past couple of days has been a nightmare for me - had an offer accepted on a house a couple of weeks ago and have been looking to average out on Gold (the vast majority of my deposit is in Gold & Silver). Bad timing!
  2. Interesting article from an (ex) Goldman Sachs employee in today's NYT: http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=3&hp
  3. Anyone seen CGNAO lately? Not been lurking as much lately but whenever I have been, haven't noticed any posts by him... would love to hear his opinion on where we are right now.
  4. £945 is out - touching £949. £1000 by the end of June?
  5. To be a bit more specific, I'm thinking of using http://www.taxfreegold.co.uk/index.html - all feedback appreciated. Sash777
  6. Who do you guys buy your coins from? Looking to sink some of my none-GM cash into any Sovereigns or Brittania's I can get my hands on.
  7. I'm 50% in Gold and Silver, 50% in Sterling - started buying metals 2yrs ago andvery glad I did. May bite the bullet an go all in... I'm talking GoldMoney here, I've no physical.
  8. are you averaging in right now DS? Same situation here, I can't bring myself to buy at these levels though - even though I keep telling myself it's the sensible move!
  9. If your definition of Hyper-Inflation is exponential money printing then are you not saying that the UK entered Hyperinflation at around the same time? Not wanting to open up the whole definitions argument again, just wanting to make sure I read that message as it was intended, as clearly the US is not experiencing price inflation yet.
  10. One part of me wants to say 3, one part of me wants to say 5.
  11. Typical, we came into some long-awaited funds (Sell to Let) on Monday and after months of trying I've managed to convince the wife to put her savings into metals too. Are people still buying at these prices or waiting for further pullbacks? (I'm buying in GBP). Part of me wants to average in, part of me wants to go in feet first, and the other part wants to wait til Jan. For the record, I already have a core position in Gold + Silver.
  12. Pardon my ignorance, but could someone run through exactly what this chart is showing and what 'External Debt Equilibrium' is. I've seen this on Approximity a few times but can't for the life of me get my head around it. Layman's terms?
  13. Just touched £688.05, been a big push upwards in virtually all currencies this evening. Very very close - and as someone else said - £ is much higher against $ than it was in Feb.
  14. http://www.telegraph.co.uk/finance/currenc...r-weakness.html "Someone had an interest in making a new high," said Michael Kempinski, a trader at Commerzbank. "Technically it's looking quite good now ... quite bullish levels." "There is no bullish news that can give a reason for the move, so maybe someone is playing games and trying to protect their position," he added. "$1,150 is the next level." Is this the Chinese and the Indians?
  15. I do tend to read more than I post but just wanted to say - Pixel8r and RH, you are two of my favourite posters on here - always enjoy reading your points of view and the positions you're employing, but there does seem to have been a bit of beef between you (particularly from your side Pixel8r) recently and I'm not sure it's the most helpful approach. All of us are here with the same broad aims, can we not at least try to get along?
  16. Gold is at $1092 and we're arguing about bikes? Bikes aren't even in the subject header - can we get the thread title changed please!
  17. No, has to be something else - the India news was out first thing this morning in London, price didn't jump til 10am NYC time. Can't work out what it was for the life of me though.
  18. With you on that - we complete in a couple of weeks too and I'm still undecided on what to do with the equity that I pull out. All my savings (circa £50k) have been in Gold for over 12 months so I've done fairly well out of that. This sale will give me another £50k in cash, don't want to go all into Gold though. My priority is obviously to preserve the buying power of the money that comes from this - but other than going 100% Gold, which has already seen some quick moves and is probably due a pullback, I'm unsure of the best move. What are you thinking Chazza?
  19. It's still relatively low against it's $ highs of Q1 2008 so I would say this still has some distance to run.
  20. Am just in the process of selling a residential investment property I own - put it on the market about a month ago, accepted an offer after 2 days. Buyer couldn't get finance so after a much-protracted attempt it all fell through. Put it back on the market again on Friday, had an offer on Monday morning. This buyer has also failed to get credit, despite being cash-rich, and so has actually decided to fund the purchase off their own back. Hopefully this one will go through - solicitors certainly seem to think that it should all be fine this time. From this experience it does seem to me that there is a definite shortage of buyers (the two offers I've had have come from the only two people who actually showed an interest in seeing the place), but those that are looking are very determined to buy. Surely the market will run out of these as unemployment continues to rise.
  21. I'm totally with you on that Pixel8r, I've bought and held and would not be surprised at a jump up beyond $1000. Indeed, just like you, I'm expecting it and only surprised by how long it's taking - the fundamentals all point to devaluation of major currenciest. However, my point is that whether this is $1300, $1400 or $1500 will be down to events as they happen and not down to the patterns that the aforementioned squiggly lines have been making in the past. Technical analysis obviously does have it's merits in some situations but I don't think this is one of them.
  22. Agreed. Averages and patterns are all fine and good but don't think anyone can take these figures seriously - follow the fundamentals, we are in unchartered terrain.
  23. Comments this afternoon from World Gold Council. 'Gold Will Hit 1000 Again' - http://www.telegraph.co.uk/finance/persona...1000-again.html
  24. Frizzers used this chart in Money Morning today too, certainly does look prime - my nerves just can't handle the rollercoaster unless it's going up though! http://www.moneyweek.com/investments/preci...y-in-14975.aspx
  25. Another massive drop this afternoon. Never cease to be amazed by the volatility.
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