grumpy-old-man
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Posts posted by grumpy-old-man
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I hear ya, I know a lot of folks that have maxed out their credit cards and loaded up on gold and silver. They are well in profit now. Wish I could have done the same tbh, but then again I don't really want to be on margin. I expect many folks will go bankrupt and get to keep the metals too!
disclaimer, well it's ok to rip the banksters off....right ?
2nd disclaimer - I am kidding...obviously.
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You can in the USA, they'll take anything!
now that would have presented me with some interesting opportunities, if I would have been stateside.
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bank transfers only !
I thought you couldn't purchase metals with a credit card anyway ?
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GOM, here is a close up of this period for you. Also note: the silver price was over $30 Dollar for at least 2.5 months or so. Enough time to sell IMHO.
thanks Goldfinger.
looking at that chart I would imagine if I had bought in at say $5 for example, then I would have sold at $20-25 imo.
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LOL, this is pure gambling. This move has caught out all the chartists, Ker, RH, Bubb, Fizzers, because they are not doing the geopolitics research, not listening to the rumbles about a new currency (50pc gold-backed according to Max Keiser's contacts), not studying the history of gold and basically not listening to folks that do the research and are clued up.
this is why I never understood why I 'get it', yet I know far less than the majority of posters on this site about most things.
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Cornering of the silver market by Nelson Bunker Hunt.
http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt
This is why the China influence is "interesting"
I have heard mention recently (last 2 months) of the Hunt brothers iirc. I had never heard of them before or even realised there was a silver spike in the early 80's.
"Beginning in the early 1970s, Hunt and his brother William Herbert Hunt began accumulating large amounts of silver. By 1979, they had nearly cornered the global market.[6] In the last nine months of 1979, the brothers earned an estimated $2 billion to $4 billion in silver speculation, with estimated silver holdings of 100 million ounces.[7]
During the Hunt brothers' accumulation of the precious metal, prices of silver futures contracts and silver bullion during 1979 and 1980 silver prices rose from $11 an ounce in September 1979 to $50 an ounce in January 1980. Silver prices ultimately collapsed to below $11 an ounce two months later. The largest single day drop in the price of silver occurred on Silver Thursday.[1]"
that's why I don't think I will ever lose any big money. I am not greedy. I will never sell at the top or buy at the bottom, just somewhere near the top & near the bottom.
wrt selling silver, this will be more difficult imo, in fact very difficult though.
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One day Ted Butler will be right! (That day, I am going to make a very serious profit.)
I hope so.
what were the reasons/fundamentals that caused the 1981 spike ? (it was 1981 wasn't it?)
I bet the reasons/fundamentals will be stronger this time......
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Has anyone got any charts that show the volumes of the recent gold moves?
yes this IS the important bit isn't it ?
volumes & who/where the gold is going.
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Got that one wrong ...
for now
off topic:
Dominic Frisby
Intelligent, no-nonsense and seriously versatile.
tiny clicky link tucked away in the corner of your sig.
well after looking through a few of those links you do appear seriously versatile Dominic. That 'innit' voice for the cartoon network was very good (I assume they are all you then?)
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hey SOTT:
Domain name:
bullionbypost.co.uk
Registrant:
Robert Stein
did a few googles & Robert Stein with gold bullion crops up a few times but not sure if it's the same guy ?
ah ha, found the guy (I think):
"
Rob Halliday-Stein’s Summary
I am founder and MD of Online Advantage Ltd. The business is totally focussed on developing our own portfolio of profitable website businesses. We have assembled a first class team of designers, developers and marketing experts who are committed to developing and launching exciting new websites in a variety of sectors.
I was previously senior marketing manager for George.com at Asda where I managed the development and successful launch of George online. Earlier in my career I spent 7 years building my retail experience at D&A working across operations, marketing and HR. I am an Economics graduate from Sheffield University.
Rob Halliday-Stein’s Experience
*
Founder & MD
Online Advantage Ltd
(Internet industry)
September 2008 — Present (1 year 2 months)
Developing and investing in innovative and profitable website based businesses.
Additional Information
Rob Halliday-Stein’s Websites:
* Gold Bullion Bars (this links to that bullionbypost website, so I assume this IS him)
* Fashion search engine
Rob Halliday-Stein’s Interests:
Skiing, Photography, Football"
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anyone heard of / used these ?
hey SOTT:
Domain name:
bullionbypost.co.uk
Registrant:
Robert Stein
Registrant type:
UK Limited Company, (Company number: 6758398)
Registrant's address:
Branston Street, Hockley
Branston Court
Birmingham
B18 6BA
United Kingdom
Relevant dates:
Registered on: 12-Feb-2009
Renewal date: 12-Feb-2011
Last updated: 15-Aug-2009
did a few googles & Robert Stein with gold bullion crops up a few times but not sure if it's the same guy ?
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it annoy's me to hear the gloomberg team saying gold is up because of dollar weakness rather than gold is up because it has stronger fundamentals than the dirty dollar.
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I think this video found by GOM sums up the general thought process(es) of a gold trader. It just depends which way the wind blows.
hee hee, I remember that thread & those posts. :lol:
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+1
+2
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Sorry GOM, I couldn't resist, I have been in a particularly silly mood the last 2 days!
no worries, I'm thick skinned & don't mark easy.
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I have a feeling this may go on for some time.
ar$e
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ok
ok
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an impossible proposition realy what suits one person totaly offends another thats why were are all unique.i and no other poster could possibly hope to know the audience of a public forum and could therefore never hope to gauge their limits.But as previously posted sorry for any offence caused to your good self at least i can confidently say i now your limits.
you can't say it at all, let alone confidently.
edited as I sound a bit ar$ey there -
no probs though fitkid.
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sorry Gom about any offence caused non intended,but please be aware we all have one.
nothing wrong with a pic here'n'there to lighten things up etc, but you should know your audience's limits imo.
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Why don't you have a look at the Iceland threads (at least two on here)?
I'd say: Yes.
I remember a clip someone (you?) put up about an architect who lost everything & was living in a camper van.
It's very strange that we do not see anything on mainstream media/tv showing Iceland's current plight/situation. I wonder why.
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Hi my friends...I'm back!
Glad you took my advice GOM. I just wish I had I had the Fiat you boys have.
http://www.investmentrarities.com/ted_butl...y09-30-09.shtml
The time is nigh!
Love you all!
P.S Get in Bubb or lose your head!! ha ha
Hi ISWT,
yes, it was largely down to you that I jumped into silver I must admit. many thanks. (edit - obvioulsy a few others on here also contributed but you know who you are )
I was quite annoyed at myself for not having looked into it before tbh.
out of interest, you been anywhere nice or can't you divulge ?
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THIS IS WHAT HAPPENS THEN!!!!!!!!!
that is disgusting imo fitkid, please remove the picture, there are ladies viewing on this site ffs.
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:lol:
you're a funny fooker cdswamp.
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The way I see it is that silver, being more speculative, is quite vulnerable to being sold off. But I think it will also bounce back well which makes it a very interesting investment vehicle. With this in mind, I consider silver good for speculation, and gold good for saving.
hye, I am hoping in comes with a chinese stamp of approval. Full of Eastern promise.
GOLD
in Gold, FX, Stocks / Diaries & Blogs
Posted
ok, fair point, (perhaps i could have worded that better) but it was meant as an overall 'I can see what's happening' pov, not that I am special.
Remember though I have NO economic or financial training at all.