moroboshi
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Posts posted by moroboshi
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I am banned from posting there.
In the case of HPC, being banned is really a badge of honour
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I think it must have been a glitch in the chart, it hasn't breached $1K/t oz in any of my charts.
Ah, I meant the current lowest offer on the BullionVault order board (sorry, should have been clearer
) The offers on the BV NY board always seem a bit higher than London or Zurich. Spot price looks to be retreating a little for now. -
What, no-one mentioned £700 an ounce in NY on BV yet?
and over $1000 in NY, just edged over that briefly in Zurich...
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It's annoying me that the Au/Ag ratio is not coming down quickly enough! My silver is looking great from a toilet paper POV, but I'd like to buy more gold with it at some point. Patience.
I don't want a diving ratio just yet! Not before I've got some more anyway
Based on the historic behaviour of the ratio, it does seem better to go with Ag over Au right now.
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Well by recent years standard, the price of silver is still cheap compared to gold, although not as much as a month or so ago.
Interesting plot, thanks! Guess the time period makes sense in terms of the current market, but what's it like over longer time periods?
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But it's the end-of-the-world party! Not good. I have a bad feeling atm.
Same here - I'm glad I've got gold, but the current movements are scary.
This is a bit how I feel. I started buying gold in 2000 (yes, 2000, when the price was dirt cheap). I wish now I'd taken out a massive loan and bought a shed load with it. Would have trebled the money by now.I also wish I'd bought more in the past, though not with a loan
, but hindsight is a wonderful thing. Trying to identify good points to buy more over the coming months is what I'm trying to work out at the moment. -
CID have 2009 phillies at 7% VAT for UK customers!!!
Nice! Although how does charging the lower rate work, er, legally
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back to a time when England had sound money
they wont be able to quote a value in £ soon though
Just got this picture in my head of Time Team (archaeology TV show for the non-UK readers) in 2000 years time... 'So Tony, what we've got here is a so-called Krugerrand from the Late Fiat Age. Back then, they had this strange idea that bits of paper could be used as money'
Not that anyone here is going to bury and forget about their stash
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100 kronen one seems pretty decent value. £578 for almost a troy oz seems alright.
In fact, have a chunk of a spreadsheet I did as I can't attach it:
4 Dukaten Neupragung 13.76 Gramm 13.76 £261.06 £18.97 100 Kronen 30.49 Gramm 30.49 £578.47 £18.97 1000 Schilling, Babenberger 12.15 Gramm 12.15 £231.07 £19.02 8 Florin (20 Fr.) 5.81 Gramm 5.81 £110.76 £19.06 50 Mex. Peso 37.50 Gramm 37.50 £714.89 £19.06
Top 5 cheapest in £/g from CID.
edit: that took ages to line up properly!
Interesting data, thanks! In ounces of gold per pound these the 'best value' coins, so what would be the downsides (I'm guessing there are some given the price!) versus Krugs etc? Just less demand, less saleable? I'd never really considered these and others before - showing my ignorance of the physical market!
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Beware the storage and commissions at GM. For silver, you pay ~5% for a purchase, and storage is about 1% per year for silver. If you intend to hold (say) 1000 oz for a year, that's £7ish a month, plus the 5%.. Just worth a thought.
For me it's worth it, as I think Silver was way oversold, but it is a consideration. Of course, there's the 15% vat which you pay if you buy physical in your hands. Certain countries you might be able to get round that- if you have access- and I know you do...
The GM purchase/storage costs are good points which I'd slightly overlooked - though 5% purchase is better than 15% VAT at least...
If you mean where I think you mean, then I may be asking you for recommendations for where to buy
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Thanks warpig and wren for your replies!
Buying and selling silver coins and bars is hassle (VAT, postage, storage). So I keep some tens of ounces as coins in personal possession but my main holding at GoldMoney.I'm also tempted to get a one kilo silver coin. It would make a nice paperweight.
This was my thought about silver coins/bars, so think I'll get a bit of physical (but not a 1kg coin just yet
) and get started with signing up for GM... -
I'm going to be getting some silver soon, but even after reading through many of the topics on here, I'm still a bit unsure of whether to go for physical or the GM route. Latter is better from the price point of view, but I'd really like to have a bit of physical stashed as well (and the coins are so nice!) though the markups plus VAT are pretty steep. Perhaps a mixture of the two?
Got to get me a 1kg Kookaburra
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I've just sold what I had in BV and bought @same at GM. Sold at a fair bit above spot! Was going to buy silver as crazy price... but silver makes me shit my pants.
Given the current prices on BV and their ticker message (thanks ziknik), I wonder if their prices are reflecting this limited stock (closer to the physical market? Always thought BV tracked spot fairly closely). Could we see recoupling to the spot price on BV on Tuesday (assuming spot doesn't rebound)?
Feel very similar to you about silver
, think I could only ever hold physical there 
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Why isn’t the price falling on BV? I have been waiting to pick up a some cheap gold for over an hour.
Current Spot: £496.09
BV Price: £528.60 + BVs fees (Zurich)
Is this a normal spread?
The spreads on BV have been all over the place today in the pound and dollar, euro a little more stable although didn't keep such a close eye on that. Not sure why that's happening, but my (novice) impression was that the volume of trades was quite low - I'm not aware of a tool on BV to show volume though, was purely by eye looking at the changes in bids/offers and the quantities involved, so not very scientific!
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And it’s got links to ATS Bullion, BullionVault and Bairds websites on the right-hand side.
Anyone monitoring the number of users on BV? Would be interesting to see numbers over the next week.
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OK, own up, who on here is it?
Not me, but it's now the most emailed story and second most read
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Evening all, long time lurker here and finally sign up just as everything starts kicking off....
Can't quite believe the rise today in gold, and then travel home to find it busting straight through $850, where next??
p.s. many thanks to all the posters here - I've learnt a lot from the discussions here, and hope I can contribute something too.
) The offers on the BV NY board always seem a bit higher than London or Zurich. Spot price looks to be retreating a little for now.
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GOLD
in Gold, FX, Stocks / Diaries & Blogs
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Back below $1000 (just) for now, so where next? It would seem guaranteed that the march 2008 high will be retested, but after that? Judging by Trader Dan's latest post and chart on jsmineset, the weekly move up is one of the, if not the, biggest since 2006, so I'd naively expect a bit of a pullback or some sideways movement before any move higher - but feel free to shoot that guess down