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grumpy-old-man

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Posts posted by grumpy-old-man

  4. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    So where do you guys buy your silver from? Bullion/Coins, and what coins?

    I'm thinking of swapping some stocks for gold/silver.

    I've been looking around, coininvestdirect seems like it's the best price even with VAT.. companies like sarnia silver offer vat free coins but the price is hiked up to negate that.

     

     

    they were great for me, I got the recommendation from GEI posters asking a similar question like yours.....

    ensure you qualify exactly what you want via email.......do you want your bars stamped/serial numbers on them etc......

  7. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    There was a small rocket breakout in Hong kong if you look at the second square in from 1250 -1255 i have never seen that sort of movement in the asian markets (hong kong)before.I spoke to some other gold investors ref this and it seemed very unusual a prerequisite to the rest of the days breakouts.I still think that while the CONmex is in effect and there is a predominant paper market ANYthing could happen.A major fundamental for me will be the cessation of the incessant WE WANT TO BUY YOUR GOLD ADS i feel that at this point the various elitists will have acquired what they KNOW is the above ground Gold that has been used in jewellery manafacture etc and then the REAL FIREWORK show will start.

     

     

    yes I also thought this and commented many times. Many people took the gold ads as a top in gold, a shoeshine moment.......I thought exactly the opposite because it was sell manoeuvre to the sheeple, not a buy manoeuvre

  10. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

     

    http://whatisthatwhistlingsound.blogspot.c...;max-results=50

     

     

    some snippits:

     

     

    "The Market Is Drunk!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    Quote

     

    The gold to long bond (30 year) ratio just crossed the 200 day MA today. We have been watching this ratio for some time as it indicates how the market perceived the safety of gold vs sovereign bonds since both are considered safe havens. A high gold to bond ratio is a sign of sovereign illness, rather than strength.

    Note on the 3 year chart how this ratio has been climbing steadily. We are double the rate we were in 2008.

     

    If the ratio climbs above 10 again and stays there, we are in hazardous territory. The last time we were in this nosebleed territory was in 1981 during a deep recession. As the economy recovered the ratio declined - in other words bonds outperformed gold after 1981. Then in 2002, the ratio bottomed out and began to climb during Allan Greenspan's tenure.

     

    The danger, as I see it, is that if a more responsible approach is not taken with US finances soon, gold will continue to outperform bonds and we could see a surge of dollars into gold and a crash in the bond market.

    If the bond market crashes, that will leave the economy with a terrible hangover. The unspoken threat, is that a bond market collapse could also trigger a run on the dollar, leading to severe inflation (even though we are in a deflationary period currently). ;)

     

    This is the nightmare scenario.

    A collapse in confidence in the US dollar.

     

    Hopefully it never plays out."

     

     

     

  12. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Yes, I thought it was quite a funny piece as well. The writer seems to place great faith in securities - which is odd given the continual PPT support, the banks messing around with HFT machines and the entire market seemingly based on fraud piled on fraud.

     

    The music will stop one day.

     

     

    I have posted this in the Silver thread but think it warrants another post in Gold also:

     

    especially from 1.05. :o as we already knew though.... <_<

     

    From:

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    No, with 60% in bullion I consider myself practically fully in [will not be buying any more gold].

     

    I'll hang onto the 40% in dollars, which I may trade against silver/ volatility in the near future.

     

    Fully in because I don't expect dollars to blow up overnight, think diversity in the strongest currencies is a good idea, and have no certainties.... though some theories, which have served well thus far.

     

     

    well I must be fully, fully, fully in then, if 60% means fully in. :D

  17. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Matterhorn Asset Management Sets Three Gold Price Targets: $6,000 – $7,000 – $10,000

     

    I bet we will find out next year that a lot of the large hedge funds have been buying metals........whilst publicly stating they are doing otherwise.....h'mmm

     

    there was that huge US Uni hedge fund that have just gone public & invested $500,000 iirc in paper gold (which is a start I suppose)

     

     

  24. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    They didn't follow Cicero though and the republic collapsed. The followed the populist demagogues and ended up with imperial rome where wealth inequality was probably the greatest ever known by mankind.

     

    I think the UK & US are the current modern day Romans. It's not good.

  25. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    one of the replies from that other link had this on:

     

    "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."

    - Cicero - 55 BC"

     

    wow, so it appears that history really does repeat.

     

    'those that fail to learn from history, are doomed to repeat it' very apt quote & one of my favourites.

     

    gold doing well today ;)

     

    gold.gif

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