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Jake

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Everything posted by Jake

  1. Jake

    SILVER

    Blimey! Buying opportunity coming on. Hi-Lo silver.
  2. Jake

    SILVER

    Well, gold is at 1574 this morning, straight up 9 dollars and silver is 48 odd. Ratio at 32.23. Thinking about it 'value wise' I hold way more gold, silver has really only been my shtf plan/emergency money/barter/ teotw-whatever hedge so I shouldn't complain or worry about swapping. I am rather fond of it's function to use if necessary so as not to use the gold which would be way too expensive. I still think there is a lot of credence in that. Silver is very handy. Just thought I might try and get rid of a few or the bigger blobs of it. Darned heavy.
  3. Jake

    SILVER

    He is really just following his mentor, Ian Gordon, and he says so himself. Fiat has had it, buy gold and silver. End of story.
  4. Jake

    SILVER

    No fears. I dont know if it is possible to do at the moment anyway (UK) and I will only be doing bars if I do, and only if I can get a good price and convert to gold. That's a lot of conditions. Plus my 'junk' just arrived today, lol. To be honest I am not too fussed about missing 'a' top of sorts. I am prepared to wait for higher prices. Nothing has changed except the ratio. But thanks again. Your charts rock and scream and shout. It's been a lot of fun. Terrific article btw. The Hunt for the Gold:Silver Low http://gold.approxim...Silver_Low.html
  5. Jake

    GOLD

    Think this is a very good post, Mr Schaublin. I will do the same, maybe 1/5 of my silver.
  6. Jake

    SILVER

    OK. You got me. I will try this with 10%-20% of my physical. Nothing ventured...
  7. Jake

    GOLD

    I suppose anything could happen to the price of (paper ETF) gold. Nadler has been so full of shit for sooooo long I wouldn't trust anything he said, though he always 'says' it so well. ETF's may well have been designed in order to crash the price of gold or whatever. Who cares? Only those with ETF's happy to cash out and buy equities. Numpties. Unless you change paper for physical you ain't got nowt that can't disappear in a puff of smoke. There isn't enough metal to go around. We all know that.
  8. Jake

    GOLD

    Sure, but do the 'masses' have masses of currency to swap? Not many people have 50K for 50 or so ounces. 50 or so ounces of silver on the other hand...
  9. Jake

    SILVER

    But ''Silver is in a bubble, but I'm not predicting an imminent fall in its price. With silver at $50, who is to say it can't reach $100? I can certainly imagine that scenario. Once irrationality and speculative mania take hold of a market, there is no measuring how far the excess will run (except post-facto). It's impossible to time the bursting of a bubble; it could happen several months from now, just as it could take several years. My best guess is that silver prices will decline significantly by the end of 2012, with multiple interest rate hikes by the Fed as the catalyst. But that is nothing more than guesswork; the only thing I am reasonably confident of is that the price will ultimately decline by roughly two-thirds.''
  10. Jake

    GOLD

    Can 'the masses' afford gold from 1500 dollars or near on 1000 GBP per ounce though? They might just (continue) to look at silver though. It might not be 'cheap' but it is 'affordable'. I wonder how many in the UK could afford a few ounces of gold/month out of their paychecks? Not many, not with all the other pressures they are facing.
  11. Jake

    SILVER

    Well, you had me fooled! Did the drop from 21 to 9 shape the exit strategy in your mind or was this always on the cards? (If yes, why didn't you just go straight to gold?) Were you factoring in silvers probable outperformance to gold? Still you floored me with your admission above re your silver to gold value. I am well overweight silver to gold but only weight. Nowhere near value. And I genuinely like silver. Hope you had a nice holiday btw. I feel certain that you slept well...Time to update those charts please, Mr Silverfinger.
  12. Jake

    SILVER

    Yep! Me. I bought some a bit of 'junk' yesterday. Discipline. When it crashes, there won't be any, just like last time. Ratio at 30.87:1!!!!!!!!! Time to 'nail it'?
  13. Jake

    SILVER

    Did we just see 1:1 ratio? (Kg to Oz...that is) Even last year this seemed like a pipe dream. Where next?
  14. Jake

    SILVER

    Feeling dizzy! If you look at 5/8/10yr charts, that is a parabola isn't is? Silver looks mental.
  15. Jake

    SILVER

    34.53 ...that ratio.
  16. Jake

    GOLD

    In defense of Errols strategy, I will say that a good dealer will often give you a discount if you are a regular customer. If you ask,and if you you have " relationship" over time they will even cut you special deals and offer you something not usually for sale. At least mine do. I would rather shop at the local grocers than go down the chain supermarket. If you want to sell, you'll also pick up good deals. Regulars also queue jump/ getpriority. No, I not going to say...
  17. Jake

    GOLD

    Have a good trip! Hope you are going where there are no tsunamis/earthquakes (Scotland- ) Remember my offer of a guided Japan trip for 'a few ounces'. If it all goes well for silver, you may pay in that currency. Thanks for all your comments. Jake. PS When is Easter?
  18. Jake

    UK House prices: News & Views

    BAB, Juat out of interest(as this doesn't include me) what are the credentials needed for emigrating? Are they only taking professionals or the 500,000+ cash account holders, age limit etc. Who can emigrate, and who can't? Maybe this needs a thread with different conditions set out for different countries. I think we used to have one years ago here, but it might have been another forum. By 'remainder' I guess you mean 'undesireables'?? The old, the chavs, the poor, the uneducated, etc etc? Is this about right?
  19. Jake

    SILVER

    When the ratio was about 70:1 you wouldn't have thought it possible, the lines on that chart looked too steep. So a great call. Looking at how the blue has fallen like a dagger down to the red line now 3 times, is the general feeling to swap for gold or hold hold hold down to... 25? I have been absent a while following these and other threads what with all the action here in Japan.
  20. Captain Birdseye, I am hoping for at least 50,000 lousy dollars/ounce. Perhaps double that even. Then I'm gonna put it in my pipe and smoke it. Or my kids will.;-)
  21. Quote from link. The financial system of the entire western world is FUBAR and there is no intention anywhere of fixing the problems at the level of its cause, OTC derivatives. The EU outlawed naked credit default swaps which is a clear comment on their ability to work if put under pressure. This is regardless of whether they were margin or naked in my opinion. To say this is it is to be very late to the game. Realize that the system has already failed. Realize that there is no champion in a power position with the will to fix it. Realize that even if there was a true fixer there are absolutely no tools to apply that would not in a short time cause more severe pressure than before applied. Realize then that there is no PRACTICAL means to get the western world financial economy back on its feet Realize that since the entire western world financial entities are based in sand there can be no sustainable economic recovery anywhere in that group. Realize that a third war of any degree is madness. Realize that our actions in the Middle East will cause increased hatred of the West. Realize that the problems in the Middle East are not pro West or pro democracy. Realize that gold is going to some degree make my long term price objective, given you ten years ago, look so low it will be silly. Hold on to your insurance because you need it now. Pity the anti gold hedge funds short gold and gold shares based on, in my opinion, egomania, for they are very short lived now. Think for a moment if Armstrong and Alf are right on gold. That would mean the following prices are coming: $1650 $3000 $5000 $12,500 Those prices are possible because the balance sheets of the entire western world financial entities are based on false assumptions yielding valuation that pass auditing (FASB) but will never come to fruition. It is the mark to maturity method that not only used the BIS but other institutions that give comfort to the masses that are not looking at self protection here and now.'' Is that all? 12,500 lousy dollars? I was expecting a far larger windfall under such circumstances. Surely JS is being conservative?
  22. Also bump here. I keep losing this thread so...
  23. Chinese snap up Tokyo apartments-at least until yesterday. Maybe they'll think twice now. http://search.japantimes.co.jp/cgi-bin/nn20110312f1.html
  24. http://search.japantimes.co.jp/cgi-bin/nn20110309f1.html Is this bullish or bearish? ''Marcy Zhang, general manager of Crispins Property Consultancy in Shanghai, which is promoting property in Hokkaido, said most of her clients are wealthy Chinese who want getaway places overseas''
  25. Jake

    UK House prices: News & Views

    I think all Bubb is saying is that there is a time to buy and a time not to buy. 'affordability' is merely a chance to throw money away-if you can afford to do so. We all know the benefits of feelgood my property is my castle, but he warns for some it might turn out to be a dungeon. What might be affordable today, may well become unaffordable tomorrow... I admire your boldness BasB but for me (at least) that attitude might be stupid as...
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