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vinny

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Posts posted by vinny

  1. If I ever feel like I should have bought more gold - we get a turn to the downside - now is one of those times perhaps?

     

    It would indeed take a GF's "Dollar event" for me to feel that this rise is for real.

     

    Becareful what you wish for (not aimed at you GF).

  2. I see you point, but BDEV was the best indicator up to that point, and was the one that I referred to in the 2009 Podcast. So into that way, I am stuck with it, if I am updating those discussions.

     

    Has anyone listened yet?

     

    I actually think it is still more than valid - the dilution is "baked in the cake" and actually shows part of the "phase of max stress". If anything BDEV should have more "leverage" to sentiment having watered down their shares.

     

    IMHO of course.

  3. Look at those Gold lease rates - Sept.16th

     

    1-month 0.7761% +0.3409

    2-month 0.8209% +0.2379

    3-month 0.8906% +0.2276

    6-month 1.0520% +0.2607

    1-year : 0.9954% +0.2646

    /see: http://www.kitco.com/market/LFrate.html

     

    This is bullish. Even paper Gold is getting hard to find & borrow.

    The big jumps of yesterday are noteworthy

     

    6 month rates over 1% ! - we dont see that very often

     

    Funny enough I was talking about gold lease rates with my GF earlier than you posted this - seems to me like the lease rates are more reliable than may other indicators I use at the moment.

     

    A point I made was that those moves are massive - it is easy to dismiss small moves eg 0.2% , but really lease rates have basically quadrupled.

  4. BTW: I prefer to take possession of silver rather than have some entity's promise to deliver it.

     

     

    Caution this is from memory:

     

    VAT is payable on "new" bullion type coins.

     

    Silver content of second hand coins varies: older "real" sterling had 90% silver, changing down to I think 70ish%.

     

    These, older, coins are exempt from VAT...........BUT you will pay VAT on the merchant's margin. This of course will be negligible, especially if you buy in large quantities / larger oz coins. (I.e.: 100 or so 1oz coins).

     

    Maples are generally the cheapest coins available.

     

    Second hand silver (coins/bars) is "rare" - insomuch as demand outstrips supply - speak to a dealer about this!!!!

     

     

    BTW: I think if you make the right moves then costs take care of themselves.

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