fitkid

This is poor form fitkid. The general rule on an investment forum is not to ridicule the decisions others make.... let alone others.

Oh rh back to your myopic moderating,its fine for that prat to make personal insults to the very way I conduct my lifestyle but oh dare not say anything about his silly investment strategy because you agree with it and that is bad form.My advice was valid and reasonable and well intended,where as his was just pure slander and piss taking.Open your eyes and read the posts properly RH,or perhaps I should put it on a log chart.

Fitkid

 

You have eaten far too many salmonella laden bilberries and sloshed them down with bleach

 

Now go away....

:lol:

The TRUTH is to much to bare heh.

GOOD LUCK with your hhhmmnn profits.

PRAT

The way i invested was to have a core in gold stocks and a lesser amount in bullion. When i bought the bullion in 2007, the physical was lagging the stocks by a fair amount. That has now reversed.

 

Warpig is right in that the stocks will have their day again but it is just soul destroying to see these big moves in physical and seeing no movement in the stocks at all.

 

Dont get me wrong, my gold stocks are showing a healthy profit so i have no reason to complain

PROFITS IN WHAT BL**dy paper.

YOU NEED PHYSICAL METAL AND COUNT YOUR OUNCES NOT PAPER PROFITS.

Look at what is happening mad max beyond the thunderdome looks like a childrens bedtime story now.

Pray for a correction. Pray.

 

I'd like it to drop back several hundred dollars - then a pause to consolidate before the drive to $2000+.

Give up on that one now it looks like it is going to run and run.Even if they do launch some outlandish propoganda to spin the sheeple i dont see it effecting PHYSICAL METAL much............ITS STARTED.

CONmex might make cheap paper but who in their RIGHT mind wants that SH*T.

The Gold and Platinum price are swapping place currently, gold was actually $4 more expensive an ounce than Pt 10 mins ago. Thinking about swapping some of my gold to platinum via GM and am wondering what others thoughts are?

 

My thinking is that the last time that gold and platinum were the same price was in the depths of the crash in '08, gold is showing strength as it is the stable go too asset, where as Pt is being sold down as an industrial metal. IMO this can't last as Pt is far more precious than gold and maybe a good opportunity to swap.

SIR PIXEL8R i was just about to post this chart showing the anomaly on platinum scrap price it has been under 22k Au price for scrap for weeks.Any ideas why platinum is scrapping lower than even 22 k Au.?

http://www.cooksongold.com/metalprices/

Metal Date GBP / Unit GBP / oz USD / oz EURO / oz

Silver (AG) Mon 08 Aug 2011 780.62 KG 24.28 39.86 27.958

Gold (AU) Mon 08 Aug 2011 AM 33.467 GM 1040.944 1709.75 1195.211

Gold (AU) Mon 08 Aug 2011 PM 33.295 GM 1035.601 1693.0 1194.104

Iridium (IR) Mon 08 Aug 2011 20.737 GM 645.0 1050.0 743.72

Palladium (PD) Mon 08 Aug 2011 14.431 GM 448.85 733.0 517.3

Platinum (PT) Mon 08 Aug 2011 33.962 GM 1056.35 1725.0 1217.35

Rhodium (RH) Mon 08 Aug 2011 37.038 GM 1152.0 1875.0 1328.318

Ruthenium (RU) Mon 08 Aug 2011 3.456 GM 107.5 175.0 123.953

Scrap Metal Date GBP / Unit GBP / oz USD / oz EURO / oz

9ct Gold Scrap Mon 08 Aug 2011 12.111 GM 376.7 615.829 434.355

14ct Gold Scrap Mon 08 Aug 2011 18.893 GM 587.652 960.693 677.594

18ct Gold Scrap Mon 08 Aug 2011 24.222 GM 753.4 1231.658 868.711

22ct Gold Scrap Mon 08 Aug 2011 29.583 GM 920.152 1504.264 1060.985

Platinum Scrap Mon 08 Aug 2011 24.763 GM 770.211 1257.741 887.6

Silver Scrap Mon 08 Aug 2011 642.645 KG 19.989 32.815 23.016

Fitkid, will please turn on your PM facility or I will publicly shred your attempts at typing English every time it annoys me until Bubb shuts me down!!! - Thank you!

 

Now have a HUG

LB my pm facility is on, at least as far as i know i had a few PM's the other day.

There is definitely a real business opportunity to set up in competition against the uk dealers,Bairds for example, they were operating the same buy to sell spread percentage wise when gold was a third to half its current value i.e. 8% on gold at £400.oo an oz profit a few years ago v profit at 8% when gold is £1050.00 an ounce same deal but with over twice as much profit for the dealer!

 

I wonder how long it will be before physical price is at premium to spot/futures/options/paper gold?

 

That’s the real question when people realize fiat paper cash is worth very little as is a paper IOU GOLD?

 

Regards

 

ML

Your Joking,i am still buying at am or pm fix on sovereigns,its like everything you need to know where to go and its all about who you know.Hockley Birmingham the UK's largest gold centre BY FAR has several dealers who are working on 1-1.5-2% above am or pm fix.ANYBODY BUYING FROM ATS, CHARD's or BAIRD's have not done their homework.Probably a few years ago now, on this thread i told people were to go to get metal at fix or just over.The Market is FEROCIOUSLY competitive.

I managed to acquire some physical metal today from my PREFERED supplier but no where near enough to complete my order.

That could also be due to their greedy spreads. They offer a very low price to buy back so why would you want to sell to them? They are not the cheapest either when buying. Sandra is nice but they also have a right dipstick working there....Im going to ring them...

Please refer to my earlier posts for a fuller picture of physical availability,i would not deal with any of the ones i posted except hatton or lois or crewe but they are all in the same boat only Bairds had metal to sell but are like ATS and chards very pricey.

The REAL big news is that EVEN at RECORD highs they have not got metal to sell,people are obviously holding now and not selling,even record highs have not brought the physical sellers out to offload PHYSICAL METAL.

Finaly go through to ATS they have NO STOCK on any sovs krugers or kg bars.Unprecedented demand customers queing up to buy any metal available.

"PHYSICAL GOLD WILL NOT BE AVAILABLE AT ANY PRICE"......WHERE DID I READ THAT ONE..... OH YEAH CGNAO and FOFOA.

BUT STILL PEOPLE PLAY WITH THEIR PAPER PROMISES/INSTRUMENTS.

PHYSICAL METAL PRICES AND PHYSICAL AVAILABILITY

08/08/2011

SOVEREIGNS (full)£ KRUGERS (full)£ 1KG BAR (fine)£ AVAILABILITY

CHARDS buy 235.00 998.00 30,100.00 NO STOCK VERY HIGH DEMAND 2-3 month wait.

sell 270.00 1103.00 34,449.00

ATS buy PHONE ENGAGED FOR OVER 2 HOURS??????????

sell

BAIRDS buy 239.00 1030.00 32,750.00 VERY HIGH DEMAND,SOVS AND KG BAR's IN

sell 260.00 1100.00 34,200.00 STOCK VERY LOW STOCK ON KRUGER's

CREWE PAWNBROKERS buy NO STOCK

sell No STOCK

HATTON GARDEN METALS buy 240.52 1030.50 31,960.96 NO STOCK ON ANYTHING

sell 252.79 1060.72 34,803.61

LOIS GOLD HOCKLEY buy spot on clean sovs spot on krugers ? NO STOCK ON ANYTHING.SHOULD BE MORE NEXT

sell 2% above fix """"""""" """"""" WEEK.ORDERS COMING OUT OF EARS.

FOR THOSE WITH EYES TO SEE and EARS TO HEAR.The physical market is struggling to supply the demand.Unprecedented levels of orders causing major problems.

GOT PHYSICAL GOLD?

IF YOU HAVE NOT YOU WILL STRUGGLE.!!!!!!!!!!

Au $1706 an Oz

£1039.67 an Oz

€1189.39 an Oz

No let up in sight.

I wonder how the paper boys are feeling with the occidental borse's getting ready to open,Gulp have a very lite breakfast.

Dont know if this has been posted elsewhere.....

 

Jim Rogers: Stop Buying Gold; Buy Agriculture Stocks

Robert Zurrer

August 5, 2011

Jim Rogers is good at what he does. Really good. This masterful investor co-founded with George Soros the Quantum Fund. A fund that posted astonishing returns of 4200% in 10 years, over the same period the S&P gained a mere 47%. Rogers retired 31 years ago in 1980 at the age of 37, but is still active as a private investor.

Clearly one of the most successful investors of all-time, Rogers buys value. Accordingly, in 1999, he predicted a "Supercycle" commodity bull market, raw material prices advancing for longer than in any previous uptrend led by gold and silver. At that time, gold was trading near its low at $252, the lowest real price in nearly a 100 years, and silver at $4, the lowest real price in 5000 years.

Click on the chart "The real price of gold 1344-1988" for a larger image.

 

With gold up 650% from its lows and silver with an even greater gain - obviously Rogers was right.

Rogers has stopped buying gold now. "I wouldn't buy more gold and silver right now" "I don't like to jump on a moving bus". That doesn't mean Rogers is selling, he still believes that "gold is certainly going to go to $2,000 over the years; it looks like it's going to go much higher during the course of the bull market.". Even after soaring to an all-time high of $1678.25 on August 4th, 2011, Rogers thinks "gold prices are not in a bubble because not everyone is buying yet". Right now Rogers is moving towards a greater commodity opportunity that he thinks offers the same kind of values that gold and silver did a decade ago.

Agriculture: The Next Big Bull Market

Consistent with his devotion to buying undervalued assets, he now sees the same quality of values in agriculture that he saw in gold and silver. No, he's not selling his gold and silver, but he is predicting that:

Agriculture prices are still, on a historic basis, extremely depressed, and in my view I'll probably make more money in agriculture than other things.

Rogers thinks that the current commodities supercycle will last for 20 to 25 years, a view supported by the research of Chris Watling of Longview Economics. Whatling traced secular bull cycles back to 1750 and identified that commodity super cycles last 20 to 25 years. As this commodity bull started in 2000, if Whatling and Rogers are correct, this bull will run higher until 2020-2025.

In short, if you missed buying gold and silver at extremely depressed levels, if you missed participating in what Peter Grandich calls The Mother of all Bull Markets, Rogers thinks you have another great chance to buy into an imminent bull market at great value:

 

It's about demand and low historical prices. Rogers said:

If the fundamentals weren't right the price would not go up. Many people invested in commodities in the 1980s and 90s and didn't make any money because the fundamentals were bad, now people are investing and making money because the fundamentals are good.

There is a powerful underlying demand for food. When food prices surged in 2007 millions went hungry, and there were riots from Egypt to Haiti and Cameroon to Bangladesh. Rioting calmed down in 2008 when prices dropped, but starting at the beginning of 2009 they’ve been going up and Rogers expects "more turmoil, but I didn't expect it to happen this quickly because food prices are somewhat depressed". Clearly a bull market rise from current levels will cause even more starvation, riots and urgent demand.

 

The FAO Food Price Index measures the prices of Dairy, Oils & Fats, Cereals Sugar & Meat.

On the longer term chart, real food prices were more expensive in 1917 than they are here today. Demand is there. Agriculture will be "wildly exciting" as global food shortages worsen, according to Rogers. "You pick an agriculture product and I'll say buy it," he said. Shortages are showing up right now as the world population has more than doubled from 3 billion in 1960 while the amount of arable farmland has been decreasing. If the world population rises from its current 6.8 billion to 9.1 billion by 2050 as the United Nations forecasts, a lot of people are going to be scrambling for food.

Click on the 1900-2008 FAO Food Chart for a Larger Image

 

What to Invest in to Take Advantage

Good advice from Daniel Keirnan in his article "Farmland Investment, the next big Portfolio":

The question is what are the best ways for making money from the agricultural sector? One way is to invest directly into agriculture stocks such as farm equipment maker John Deere (DE), global seed giant Monsanto (MON) or fertilizer company Potash Corp of Saskatchewan (POT).

Another method is to invest in agricultural futures through Exchange Traded Funds (ETFs) such as AIGA on the London Stock Exchange or DBC in the US which tracks an entire basket of agricultural commodities including corn, soybeans, wheat, cotton, sugar, coffee, cattle and pigs. These commodities ETFs try to track the spot price of the various commodities they include.

The advantage of these stocks or ETFs is that they are easily trade-able by anyone who has an online brokerage account. The disadvantage, however, is that they are still financial instruments, and as such can fluctuate widely in price.

One option most individual investors tend to overlook is direct investment in farmland. In many ways, a farmland investment is more secure, stable and tangible then putting money into stocks.

Farmland investments for individuals will pay a regular yearly dividend from the sale of crops, and also provide the opportunity for long-term capital gains as farmland increases in value during a bull market in food.

Don't buy gold now. Rogers says food and agriculture are great values and will be the next big demand driven bull market.

http://seekingalpha.com/article/285115-jim-rogers-stop-buying-gold-buy-agriculture-stocks

What a crock of sh*t.

Get as much physical metal as your fiat can buy,I say dont touch PAPER anything.Think about physical land like a small holding,but right now all the bells are ringing purchase physical metal.

More and more people in general are recommending to ME that I should buy gold, I let them slam their reasons to me then say. 'yeah I know - been buying since 2006, but ... I haven't heard you mention swinging sister silver ... " stage 3 may be upon us sooner than we think, however I would like to see a couple more years of solid steady gains first ..

Why?

Latest from Andrew gause Wednesday, August 3

http://www.oneradionetwork.com/the-real-world-of-money/the-real-world-of-money-with-andrew-gause-august-3-2011/

As Andrew says…”we’re raising the debt ceiling…

Treasury is borrowing 335 billion dollars between

today and September…..and running a deficit of

150 billion dollars per month…we have 43 billion

dollars in real cuts over the next 2 years”.

What does this all mean?

They’re cutting the deficit, not the debt

and Andrew projects that by 2016 the total gross

public debt, under the current budget with all

the cuts will be 20 trillion dollars!..6 trillion

more than it is right now.

-Why did gold go up $40 yesterday?

-Who are “The Boys”?

-The dollar will continue to fall

I wonder how many traders STILL doing the GEI TRADER SHUFFLE are realy getting creamed.It will be interesting to see the levels of honesty shown by them as they limp back from the latest TRADER dance floor massacre.I am sure they will have tales of multiple technical shorts longs puts and every other abaration of paper nonsense.I mean I woke up for a pi** and couldnt go back to sleep without having a look at the fallout from Asian markets and more pictures of traders with their heads in their hands on various MSM platforms.I dont think many traders will be getting much sleep as this debacle moves onto the next and more catastrophic level.

Some serious stressful sleepless nights ahead for the GEI shufflers.

GOT GOLD..?.......

Physical in your own personal posession.....?

Time is running out to protect yourselves.!!!!!!

YES.....The good old days return i reckon we should see a correction below $1100 now... :lol:

Did i ever mention i was related to ker. :lol:

Hot investment news from Money Saving Expert. Perhaps a little lacking in the macro picture dept!:

 

 

 

Post 35

http://forums.moneysavingexpert.com/showthread.php?t=3384178&page=2

Yep he must definetly be on the MPC. :lol:

Infact the whole thread resembles what i would think is the normal discussions at the monthly MPC get together.

They obviously missed CGNAO's boat leaving the MSE dock and caught Magical merv's docking (poor sods)

I always wonder why more cash rich miners aren't holding gold in reserve rather than selling their supply for fiat, it is almost like they don't quite believe the price will continue to rise.

I have freinds in the bullion trade now, formerly jewellers.They buy scrap metal on a daily basis mainly from the trade all the metal afaik is sold for fiat to recharge the cash flow for the next days buying and to clear for any possible market swings in price.I know that at least one of them was buying pwoperty a few months ago BTL leveraged.The old phrase .......

"CANT SEE THE WOOD FOR THE TREE'S" resonates very loudly.They see fiat as real money and Gold as a means to earning that 'REAL' money.I asked one of them in conversation if he had ever heard of GATA he looked at me totally blank and said no.

Even people dealing in Au everyday dont understand the BIG picture.

Waiting for corrections is a mugs' game. Go back and see people waiting for corrections in 2005 2006.... The desire to get more ounces tomorrow is actually a misplaced faith in fiat currencies. Of course there are corrections but looking at the accelerating trend lines it really is like trying to pick up pennies in front of a steamroller - not particularly greedy as only pennies are involved but is it really worth it?

Wise schaublin as usual 100% correct.Please remember i have got a considerable position in physical metal i have been buying for over 4 years and HAVE NEVER SOLD ANYTHING.New turdling needs alchemising ASAP i was looking for the summer sale. :lol:

Where is the F**king CORRECTION,my wishful thinking is seriously wishful,COME ON PPT i've got a pile of TURDLING.

PLEASE DONT LET ME DOWN.LETS HAVE A REAL SHAKE DOWN.

http://www.youtube.com/watch?v=Uc8wmLul3uw

GOLD, I've been watching you

From so far across the TRADING floor now baby

That's nothing new

I've watched you so many times before now baby

I see that look in your eyes

And what it's telling me

And you know girl that I'm not shy

I'm glad you picked up on my telepathy now baby

You read my mind

GOLD I wanna shake you down

I could give you all the loving you need

Come on let me take you down

We'll go all the way to heaven

Oh, I've been missing you

And the way you make me feel inside

What can I do?

I can tell you've got your pride now baby

Come to me, well, well

Let me ease your mind, oh baby

I got the remedy, yes I do

Now give me just a little time

You read my mind

GOLD I wanna shake you down

I could give you all the loving you need

Come on let me take you down

We'll go all the way to heaven

GOLD, I've been missing you

And you know it's funny

Every time I get to feeling this way

I wish I had you near me, I

I wanna reach out and touch you

I can't stop thinkin' of the things we do

The way you call me baby when I'm holding you

I shake and I shiver when I know you're near

Then you whisper in my ear, oh baby, well, well

You read my mind, (you know you did)

GOLD I wanna shake you down

I could give you all the loving you need

Come on let me take you down

We'll go all the way to heaven

I love you then and I always will

These were the days that i used to love have they past and gone now for good.??

http://www.bbc.co.uk/news/business-14368064

South Korea buys gold as safe haven, first time since '98

South Korea's central bank has confirmed it has made its first purchase of gold in 13 years.

The purchase of 25 tonnes of gold shows the bank is diversifying its foreign exchange reserves away from the US dollar.

Gold is seen as a safe haven investment when other forms of investment like shares and currencies are more volatile.

It is the first gold purchase by the bank since the Asian financial crisis.

It's hard to be anything else given the (admittedly paper) profits most here have made. I do worry for recent buyers though, a significant correction is bound to come at some point.

Please

Last reasonable excuse for a good correction is August 2nd Deadline.

But i wont hold my breath.

Here is a good discussion on the US debt ceiling issue,in fact it is probably the best i have heard to date.

Patrick Timpone one radio with Andrew Gause.

http://www.oneradionetwork.com/the-real-world-of-money/the-real-world-of-money-with-andrew-gause-july-23-2011/

OH FOOK WHERE ARE WE GOING NOW !!!!! WHERE IS THE BL**DY PPT THIS IS RIDICULOUS.

My thoughts (FWIW) are that it it fails to hold the down move will be aggressive i.e. a fake breakout out falls hard

Probably not hard enough for my wishful thinking.

Gold has NOT YET even reached its inflation ajusted high of 1980 circa $2500.

I wonder how long it will take to reach that milestone.?