The Mad Hatter

Although it's undoubtedly from a rival trying to diss a competitor's business model, this FT article is interesting about the CDO-like qualities of GLD. Linky.

Sometimes I think "Stuff it, I'll sell my gold and take profits". Then I read articles like this...

So could this have been anything to do with the recent correction? Daily Telegraph Looks like it might have been a buying opportunity after all.

There is something of the 1970s about this "opportunity". I could imagine one of these degenerating into hell on earth. At least with Big Brother, you can vote people out.

Caught this screenshot from the Daily Telegraph Web site today. I wonder if the two articles are in some strange way connected? Would someone with a functioning HPC account like to post it there so that RB can see? TMH

RBCI Alert!

More likely they are completely ignorant. Try a few questions such as "What would you do if sterling collapsed because of a gilt strike?" and see if they understand what you are saying.

If it feels scary to be in on this ride, I wonder how scary it's going to feel soon for people who aren't crewing the rockets? And that's being 60% in gold.

I gave a presentation on precious metals investing at a meeting of an investors' club last night. I was surprised at how interested people were in options for investing in gold. Although these were sophisticated investors compared to Mr. Average, there was considerable consensus about the prospects for gold. Start of the Public awareness phase?

I know I've seen it a hundred times on here, but has anyone got a link to the asset bubble graph, you know, the one with euphoria, return to normal, despair on it?

I hope that someone's watching out for when RB goes bullish. Time to sell then, methinks...

I get a bit worried when my gold is appreciating faster than I can earn money.

OOOoooooh, noes, they'll be a collapse in prices*. Cornwall has a gold mine! * (NOT)

Erm - are we still discussing gold? Where are the rocket pictures? Or do we all know that this current rally is because the pound is toast?

RB Contraindicator Alert. Get ready for some price action!

So Gold has shot back up again in the last few days (although not quite to the same sterling highs) and there's hardly any discussion of recent movements on here. Are we getting a bit blase?

Platinum

Why did gold stay at exactly the same price between 18:00 and 22:00 GMT yesterday? I noticed this first on BV but it did it on Kitco as well. It usually goes up and down every few minutes or so.

I wouldn't like to bet against that.

The cheque's in the post Of course I love you My best friend's a Gunner, actually...

It did in January 1980.

I'm definitely expecting to pass out with the g-forces. But I'm planning to dock with the satellite and stay in orbit, not return to Earth...

Another record high in Sterling and no-one got anything to say? How about discussing an exit strategy and the next asset class to purchase with gains from gold? Or will gold reach a permanently high plateau?... My take is that we are now well into the press interest stage of the launch and that public interest stage is just about to ignite. Cue more rocket pics.

I let Mrs. MH do that. The more she does the house up, the greater our PM percentage. In fact, this month, she's not managed to spend as much as our PMs have gone up by.

It's only a new high when the BV sell price is higher than the previous record buy price!