kkeegan123

This comment makes me think you've pretty much made up your mind on what to do, you can't beat having a financial cushion. I'm sure I've seen some 90% LTV loans fixed for 5 years. I was initially looking at 10 year fixed loans at 75% LTV, but decided that I'd rather hold onto more of my PM's than worry about where we will be a decade from now. JL

Sorry, wrong link in this post. Here's the article.

Bank of Korea Increases Gold Reserves by Massive Nearly $1 Billion or 39% in November Alone So, 15 metric tonnes of gold for US$850mn.. It's a deal, it's a steal, it's sale of the f'ng century.

Coeur would mull holding silver over cash, says CEO Keep up the good work Eric...

Indeed, when it comes down to having to sell some PM's to buy a house...the gloves come off.

I prefer full sovereigns or 1 oz coins, I guess fractionals, 1/4 and 1/2 sovereigns may be easier to sell when gold reaches say $3-4000 oz, but I don't think this is a medium term concern. Buy whatever gives you the most bang for your buck IMO.

FWIW, if your buying in sterling for a long term hold, then I think your downside risk is minimal. The GBP has held it's value remarkably well, gold is about 10% off it's highs and sovereigns have enduring appeal. Yesterday, I took delivery of a 2012 Proof Gold Sovereign from the Royal Mint. I normally buy bullion sovereigns, but I can't resist the one-offs, now have proof 1989, 2002, 2005 and 2012 sovereigns. http://www.royalmint.com/Annex/Sovereign/The-2012-Gold-Sovereign.aspx?src=hm_SmallBanner_2012Sovereign?promcode=W12G&gclid=CKro8PiX4awCFQUhtAodlw31ow

Try this, Kapouille. When your searchng for property, draw her attention to/view houses that are slghtly above your price bracket, rather like when EA's always send details of properties that are more expensive than you stipulated. She wlll quickly become disillusioned with property you can currently afford and you can then plant the seed along the lines of "Look what we could buy if we wait for prices to fall further/save a larger deposit etc" If all else fails, send her over to HPC....if she still wants to buy after a few hours over there, you may as well throw in the towel. Edit; Sorry, Warpig already suggested 'settng your sights too high'.

Quite a lot more by the looks of things.... Here Comes The Global, US-Funded Liquidity Bail Out

Thanks, d2thdr. BTW, can you share your thought process for moving from silver into gold with the GSR being where it is? I took delivery of a 2012 Proof Gold Sovereign from the Royal Mint this morning. I normally buy bullion sovereigns, but I can't resist the one-offs, now have proof 1989, 2002, 2005 and 2012 sovereigns. Didn't get any brownie points with Mrs JL though, she made a quip long the lines of "Aren't we supposed to be saving for a deposit?" http://www.royalmint.com/Annex/Sovereign/The-2012-Gold-Sovereign.aspx?src=hm_SmallBanner_2012Sovereign?promcode=W12G&gclid=CJX-q5ix3qwCFQEMfAodmFeEhw

I'm trying Warpig, but the force is strong in Mrs JL. Even my powers of persuasion may not be enough. Fortunately, Mrs JL is extremely picky in regards to her nest, so I'm thinking 6 months minimum.

I wouldn't exactly say I'm bearish, I just can't see my way forwards. I'm tired of these games, the red pill sucks and real life events are starting to trump monetary considerations, meaning Mrs JL has blessed me with a bouncing baby boy and her nesting instincts are strong. Some metal will have to be converted to fiat for a deposit soon and I'm looking for an interim top. I think a big plus for silver moving forwards, is that it may not be subject to quite the same heavy-handed, draconian legislation as gold.

Lets hope his right. Personally, I won't be holding my breath. The manipulation in the silver market is absolutely blatant and disgusting, I'm hoping Sprott will give the Morgue a bloody nose, but I doubt it. The CME (den of thieves) have finally defined a SWAP (I thought they would drag that out for longer), so Frank-Dodds position limits should come into effect soon, but I understand from Turd that there are exemptions for the large position holders. The rulebook has been thrown out of the window, how can TA be applied to charts that are painted by Blythe and her monkeys? If they take their eye off the ball/allow silver to get anywhere near $50, the shorting pressure will be immense and the buying pressure will have to be staggering to punch through the resistance. If we can get through $50, short covering could drive it up to $75 though. I just don't know, Warpig. I'd be tempted to bail out at 50, for a 4 x bagger and into gold for the long haul. Yeah, I'm pissed, I shouldn't be because I brought all my silver in 2007, but it's the principle of the thing. Will silver ever be allowed to be 'let go' who knows?

Did JP Morgan Just Convert 614,000 Ounces of MF Global Clients' Silver into JPM Licensed Vaults? http://silverdoctors.com/ The plot thickens...

That's true, we have a good crcle of friends in the town and it would be a nice area for my son to grow up in. If our Landlord served notice it would put us in a really awkward position, so we have decided to be proactive and buy for the longterm. Needless to say my wife is delighted. Selling some of the PM's for a deposit hurts, but it's amazing how having a child puts things in perspective, it's like my lifespan has suddenly doubled and I now have to plan for his future and wellbeing. He will inherit the family home, so at least he won't have to be a debt slave like me. A small sacrifice really. BTW, thanks for all your kind regards and congrats JD

Hmmm, food for thought BAB. I'm sure it's HSBC that are offering to track base rate +2.49% for the life of the mortgage or may have been Birmngham BS. On the other hand, the Yorkshire BS are doing a fixed rate until 2021 @ 4.39% and I must admit I'm tempted. I'm sure there are some fixed for five years @ 3.79%ish, but I'm happy to pay an extra 0.6% for the extra five years peace of mind. These are chaotic times and I'll pay a premium to know where I stand.

We are living in the East Riding of Yorkshire, nr Driffield. Our current rent is £450 for a 3 bed detached with driveway & integral garage. Property of this type is now at about £600+. http://www.rightmove.co.uk/property-for-sale/property-18804549.html This is similar to our current rented property.

Great thread Ladies & Gents, very thought provoking. I need some advice and hope you can help. OK, we have been living in our current, rented property for 4 years and our rent has not increased during that time, hence we are paying well under the going rate for the property. If we were served notice, our rent would increase by 30 - 40% for a comparable house. If we were to buy a comparable property the repayments would be the same as our current rent (with 10% deposit). So clearly, if we were forced to move, buying would be the cheaper option at the moment. I can't help but feel that time could be running out for us in our current home and I want to move under my own terms. We are leaning towards buying for both personal (just became a Dad ) and financial (buy v rent) reasons. Property prices have fallen some 20% in our area and hopefully I can buy at around 12% below asking price in an attempt to avoid negative equity. The question is, I will have to sell some PM's to raise the deposit. So, do I sell just enough PM's for the minimum deposit or sell more and go for a bigger deposit and a better deal on the mortgage? I know there's a 101 variables and that without a crystal ball it's almost impossible to answer, but I welcome your thoughts anyway. Kind regards, JL PS. My thoughts are, interest rates will remain low (timespan - no idea), house prices will remain subdued (possible further 10-15% falls over the next 5 to 10 years), gold will continue rising @ 20-30% per year, but this will be offset slightly by a strengthening pound, rents will continue to rise as buyers struggle to raise deposits to buy, lenders criteria will tighten. Therefore, sell as little gold as possible

The Hidden Meanings in the New $100 Bill! Bix Weir http://www.roadtoroota.com/public/261.cfm I found this article interesting and would like to read the opinions of others. It appears to me that Gold and Silver are in an artificial holding pattern pending an event of some magnitude. JL

Others have speculated and done the maths as to where the price of gold would need to be. Imho, if gold was to reach these values almost overnight due to a currency event, the accompanying raft of draconian legislation/taxation etc would make trading/profiteering from PM sales almost akin to a black market/illegal activity. Examples of efforts to restrict profiteering my include, the trading of PM's must be undertaken at government approved and registered coin/bullion dealers, documented proof of ownership/title to the metal i.e proof of purchase, all transaction will be referred to HMRC for appropriate taxation (CGT), cash transaction strictly prohibited etc Steady as she goes is best for this ship. JL Edited for more clarity & detail.

As a holder of physical PM's, the one thing I fear the most is a return to a gold/bi-metallic backed dollar/euro/bancor or anything else. JL

Hi Twopper, This recent thread may offer some advice. http://www.greenenergyinvestors.com/index.php?showtopic=14864 JL

http://www.marketwatch.com/story/brics-make-move-to-shove-dollar-aside-2011-04-17?siteid=rss&rss=1 BRICS make move to shove dollar aside Commentary: Beijing won’t push the renminbi too fast.

Take a trip down memory lane guys, I have fond recollections of these prices. Only 5 products available in those days, (sigh) to know then what we know now, heh. http://replay.waybackmachine.org/20071017055457/http://coininvestdirect.com/main.php?a=10&id=160&currate=pound_rate

So, your thinking that inflation fears are being tackled and the flight to PM's as a traditional safe haven is reducing. The latest GDP figures for the UK would surely suggest a likelihood that additional QE may be required to support the economy thereby exacerbating inflationary pressure. I don't think the US really know how to stop QE, it seems to be supporting the whole system. I have read extensively with regards to JPM and silver manipulation, do you think that the weakness in PM's is purely down to changing perspectives by the markets?