routemaster

I like that guy, Damon Vickers. I think you will enjoy this one, fitkid. From:

Has anyone from GEI popped into Al Fayed's corner shop basement and seen what business is like?

Also it has been reported that Sri Lanka is buying. http://www.google.com/hostednews/afp/artic...zkKP-6RwQyIHiTg

A warning shot across the bows, giving pound note hoarders time to finally load up at pre-blast-off prices.

$1,100 also coincides nicely with 7,500 yuan.

From: Thanks, tl8177 for the comedy relief. Much appreciated.

+1 PS - Thank you for posting the graph in its full glory.

I agree. Just look how gold has been defended and trended upwards over the last year in the Chinese Yuan. 8,000 yuan gold he we come. In old money that's $1172.

The floor is at 7,000 Chinese Yuan, where it bounced off on the 28th. US Dollar and Euro denominated gold are now playing second and third fiddles.

Yes, it would be nice to see gold in the five hundred pound range once more and another chance to visit the bargain basement again. However, gold has been remarkably resilient recently with more buyers than sellers and I do wonder with the might of Chinese now out in the open we might never see three digit dollar gold again.

The half-hour Jim Rogers/Kikby Daley interview attached to the Bloomberg article you highlighted is interesting. http://www.bloomberg.com/apps/news?pid=206...id=aIGhSsRwtkoE Jim is expecting a pull back in gold and silver, however he is still very bullish on the PMs as we go hyper.

I agree. I have noticed that the Royal Mint has upped its production run for the 2010 sovereign from 75,000 to 250,000. http://www.royalmint.com/store/BritishGold/UKB10RN.aspx

CID may ba a few quid cheaper, but if you want to buy sovereigns and britannias, for example, goldline has a much better choice. Also you are buying from a long established U.K. dealer, which is the country's biggest refiner of PM's, you can store gold with them, as well as being able buy and sell in person, which you can not do with CID. IMO the advantages of having an established buying/trading relationship with Baird & Co and supporting a U.K. company outweighs CID's slightly lower prices. Also I would highly recommended you have a listen to the Commodity Watch Radio podcast, which Tony Baird is interviewed by Dominic Frisby. It will give you an indication of Tony Baird's knowledge of the gold and silver market and his high standards of integrity. http://www.minesite.com/webcasts/commodity_watch_radio.html The podcast is entitled - A Healthy Dose Of Reality? Tony Baird Of Baird And Co - 19th November 2008 Which is also currently number 24 on the list in pod bean window on the above web page.

The ISO are not policing the boarders, what counts is the HMRC's edict, as I have provided. As regards to the Japs and their US bonds, a US bond is a dollar dominated IOU note with a face value that is honourable by the US government. An unminted, faceless piece of gold or silver is a commodity and no one has to honour it as payment. So if you take your gold out of the EU and lets say it's a 1kg bar of gold, with no face value, so would the customs chose to value it at spot price or buy price, sell price for an ingot? Now, he comes an interesting scenario you have to declare and/or get stopped and questioned about your 1kg bar of gold, and for argument's sake let's say they value it at spot price, so this would mean you would be above the 10,000 euro threshold. However, I am traveling through at the same time with 80 X one troy ounce gold britannias, which would be approximately 2.5kg of gold, however brittanias are legal tender, honourable to the value of £100 each, so my 80 brits come under the limit at £8,000. I could do even better with sovereigns as I could travel with 8000 X £1 sovereigns having a net weight of 58kgs in gold!

I am looking into this a bit further. The scenario is that a buyer purchases from an online coin dealer and has it is sent to an EU address to which it can be received. Now, the buyer could already be there or travels to collect it and brings it back to the UK themselves. However, if someone else (ie. a friend) brings it to the UK for you and that person receives no financial benefit (profit or costs of travel etc.) and did not purchase the product then is that not O.K.??? I used the procedure relating to gifts as no cash changes hands, between the buyer and friend.

I must say, id5 you make a very valid point about an exit strategy from silver, which does require consideration. Silver has a number of down sides and as such I prefer to have a "Gold Cash ISA" of sovereigns and britannias which completely avoids any worry about VAT and CGT*. *The current Capital Gains Tax allowance for 2009-10 is £10,100, above that one incurs a flat rate of 18% taxation. I would personally not be comfortable about selling silver in multiple sales, over a period of time on ebay and would prefer to sell it back to the dealers which I had bought from, to avoid as much as possible any incursion into the realms of business activity.

Silver coins with a face value is cash, but a lump of silver is as much as a currency as a Mercedes Benz car. I agree silver and gold are the monetary metals and are the superior grandfather currencys, however no matter how much you try and wish it, the HMRC do not class it as such. Silver is not cash if its not a bank note or coin.

As far as the HMRC are concerned as cash, silver as an entity is not cash ie. a 1kg ingot.

The money laundering regulations come into action at point of transaction ie. at a bank or in this case with Coin Invest Direct. Once you go over the year's limit CID suspended your account until you provide them with extra ID. There is no requirement to repeat this again at the UK/EU boarder. As for someone bringing something from the EU for you, that is just fine as long a you are not paying them or their "out of pocket" expensenes, then it remains as a gift. The VAT limit of £68,000, as of 1st May, 2009, is applicable to businesses and not private individual's personal transaction(s). http://www.hmrc.gov.uk/vat/start/register/...to-register.htm

If you are entering or leaving the UK to and from the EU there is no restriction on cash or a requirement for decleration. Also regarding cash the Custom info is- There is nothing specific to silver, however silver coinage would come under cash, but it would face value not metal value. ie. a £2 Britannia, 1.50 Euro Philharmonica. http://www.hmrc.gov.uk/customs/arriving/declaring-cash.htm

Fizzers did predict very well in early June that gold would drop from $1000 and hold above $900. Dr Bubb mentioned gold could drop to $860-850 and maybe to $800. As you qouted above, Fizzers is saying it could drop $100, however he does warn: "If this pattern continues it means a major, multi-month move - which will propel the price beyond $1,000 - is coming. You want to make sure you've booked your seat on the rocket, either though gold or an associated share. Yes, somebody might get a seat a little bit cheaper, but better this than not having a seat at all."

The picture illustrates the tear gas feature if an "unautherised" person opened it. Taking the next Heathrow Airport Express train from Paddington would be highly recommended.

This might fit the bill. The James Bond attaché case, with 50 sovereigns tucked away in the base, as above. Plus the usual handy special extras of a concealed throwing knife, folding snipers rifle and silencer, ammo and tear gas canister.

If you get it wrong with your calculated gamble you will not lose any money, barring banking default, but your money will be worth less.

You can still get them at that sort of price if you have them shipped to a European mainland address (not the U.K.) due to the lower rate of value added tax at 7%.