Bosworth

Bubb I admire and respect you but why do you persist in coming onto this thread and gloating? Very few of us on this thread have the time or the inclination to do what you do for your living - that's the point of a buy and hold strategy. Will you be happy to see us all on the trading thread if you take a big hit one day, chortling about your losses? I really worry that the casualt investor new to this game will be deterred from taking an initial position because of all the noise. Please can you keep the trading banter to the trading thread. Bos.

But you can measure it in terms of income required to service the very real debt.

I think what would really help this forum would be for every thread to be overrun by petty arguments about trading vs buy and hold. What is the point of the other threads if the noise can't be contained over there? I get the principle of trading gold. I just don't care. I want to talk about long term gold and how world events are shaping up.

Yip. Actually house would ask £1.25m, perhaps more. One a couple of doors down has been on at £1.6m for a dew months but not moved. I agree with you. But when you can get a fixed mortgage for 5 years cheaper than buying it's a funny place to be. Of course I'd be screwed after the fix ended but that feels a lifetime away... Interesting times!

N2. £4k is very average for moderate houses round here.

It's a personal choice and a very hard one at that. I am in a similar position. STRd in 2009, 2 kids under 3. Paying nearly £4k a month in rent and staring down the barrel of a 10% uplift. Buying would be cheaper and with fixed rates so low, even factoring in a 20% HPC, buying seems irresistible. Really hard times for an uber bear like me. I empathise with your position but cannot give you an answer...

Feels like a good chunk of the fall was down to yet another comex margin hike. Fundamentals intact, I suspect.

Crikey! That's some spanking...

Nonsense in my bit of leafy N2 London. Prices have until recently been very sticky - above 2007 peak in many cases. In the last few months I have started to see some real falls on properties that are not "perfect". Some even taking >6 months to sell which is unheard of around these parts. From why I can see, London is starting to wake up and smell the reality.

I view the price of gold in terms of a long term trend sitting on top of foundations of exceptional items. The trend will revert to medium term but this will be shifted up the axis as the exceptional items keep making the foundations taller (eg US rating, war, Euro issues, sovereign default risk).

Modern body-language experts would have a field day with this today: double blinking, looking down, wiping nose.

I bought back in. Gold moving inversely to the share indices, end of options window, moving into september, CDS rising everywhere, sovereign situation out of control, qe3 likely this weekend etc etc What was I thinking trying to cream off a few extra % profit?

Few people on this site post what they do ahead of time. I want to change that so we can properly assess views. I cracked. Sold a chunk (about 20%) of my physical at $1876 this am. Enough to feel ok if it corrects. Not enough to feel I lost out if it soars. I normally time trades totally wrong so fingers crossed for everyone else

$1,900 been and gone...

You'd be surprised. Most I work with are fairly open to new ideas. It's a fairly dynamic environment and people are always receptive to new ways of working. This extends into at least listening to contrary-systemic views. Acting on it is a different matter, but that's common challenge to all fiat-tastic civilians... All we can do is keep chipping away...

It pays the bills. Switched from consulting firm and joined a big IBank. Ultimate hedge - salary and livelihood go great guns if they economy takes off again (or is QEd to death), banking jobs likely to be protected to the bitter end if things continue to turn down, and I have my physical if it goes totally pete tong. I also use my position to explain very clearly to everyone who will listen what I think is happening. And to some who aren't listening but are trapped with me. My wife thinks I ruin dinner parties. Edit: sinner parties are probably more fun but I meant dinner parties...

In my entire extended family, friends, and work circles only 2 people plus me have gold. I work in Financial Markets and am an ex Consultant. Virtually all of my friends are top .1% income bracket. One is an old holder. One bought about 6 weeks ago. Feels a long way from mania yet.

CID quoting $1,610 to $1,810 spread for Buffalos. Not tried to purchase - saying "delivery delays likely"... At times like this I start to wonder whether I've done enough to protect my family (especially living just down the road from Tottenham!)

Oh my. The little silver minx still has claws

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Not sure I agree on Japan. As an export led economy, which markets will see strong growth?

http://www.efinancialnews.com/story/2011-07-21/robin-griffiths-is-a-gold-bull-and-equity-bear

Struggling to make sense of silver. I held through the recent peak then fall but was getting increasingly nervous about my GS ratio as the falls continued. Then she goes and does a 5% in an afternoon. Little minx

Gold and silver moving against the Market. Each time that happens things normally start to get interesting. EUR/$ getting absolutely rogered as well...

Halifax shows UK house prices up >1% in June. But >3% down year on year. Surprisingly the media are broadly still gloomy - even the BBC is downplaying the significance of the rise.