crudeFool

OK here's the deal -

 

Do I re-mortgage a house that is fully paid up and with the sterling buy gold / silver?

 

I know the risks, but the possible upside in precious metals next year (esp. silver) makes me think it is a risk worth taking.

 

opinions please

Doesn't sound like a good idea to me. I would be over the moon to be mortgage free and although I'm pretty convinced gold is going way up, I would never borrow money to invest. Why don't you just invest the money you would spend on the mortgage into gold every month? Who knows what's going to happen in the next few years...

Regards,

crude.

What's the betting it's held off until sometime shortly after 4th November? It must be taking every possible scam and spin to keep things going until after the elections. Must be exhausting, which suggests to me it will fall all apart soon after the votes are counted, if they can keep it going until then.

 

 

Edit: Typos

Hi.

Can "they" really manipulate things this easily? If they can, why don't they just do it all the time so the stock market, commodities, the dollar etc fit in with what they want? This will surely cost them a fortune or do you think they can cause market panics and let the poor investor take the hit for minimal outlay?

Regards,

Roy.

Article on gold price in Telegraph today. I’ve not noticed it posted.

 

For once, we believe investors should find better performance from gold shares than exchange traded funds, as the mines come to terms with the spiralling cost factor that has hurt them so much in the past.

Wish I could bring myself to buy any more gold shares, which is probably a good signal to myself to do so. I've been killed over the last couple of months, despite having some of the shares quite a long time:

• Blackrock Gold and General - main holding, still up 30%
• Minefinders - down almost 50% - sob
• Tyhee - even worse - down 60% -wail
• Silver Wheaton - down 10%, was up 100%
• Emed - still up 10% on this, but only small holding

Still, you got to laugh.

My big mistake was greed. Had money in gold ETF, which if I'd left the money in there would still have been doing pretty well now, but nooo, crude knew better. When the price of gold was reaching record levels, I decided I could make even more money with the gearing the shares would give me. You live and learn and fortunantely overall I'm still in profit, but this is thanks to getting into PM's back in 2005. If I'd been a late comer I'd never touch them again!

I seem to buy shares when I should be buying physical and buying physical when I should be in shares! What are people thinking of doing now - get physical which in GBP terms is still quite high or buy more shares which have been hammered / mauled? I might just start paying bits off my mortgage with the £500/month I've been gambling, I mean investing

Regards,

crude.

A British Army ration pack is a 20cmx20cmx12cm box that weighs approximately 1.8KG, so a year’s supply of rat packs would be a cube about 1.2m on each side and would weigh 657KG. But don’t forget each one includes everything that is needed such as a hexamine power heater, can opener, matches, tissues, tea, coffee, water purifying tablets and they also last for years. Just add a laxative and you could live off them for years.

Hmm - they seem quite pricey at around a tenner a day. Lots of places seem to be sold out of them, although I'd imagine that's due to people using them whilst camping in the summer, rather than impending armageddon

Anyone know what they taste like? Where is the best place to buy?

Regards,

crude.

Hmm, decisions decisions

 

More funds just into the account.

 

Should I wait for the Friday pm attempted smackdown, today's smackdown, or do it now?

 

 

I think I hate indecision, but I'm not sure.

Hi LauraB.

I just buy on the 1st each month regardless of the price. I'd do my head in otherwise worrying about whether I'd timed it right, which I can guarantee I wouldn't...

crude.

I use TDWaterhouse to trade Canadians in a self-select. Commissions are £12.95 per trade.

I didn't realise you could do this! Does that apply to all Canadian shares? I've got Minefinders (MFL.TO) and Tyhee (TDC.V) - does it apply to all exchanges? I've got a TD account and a Selftrade one. (not that I'm making any profit out of these)

Cheers,

crude.

Hi.

Hmm - 1oz Krugerrands are still selling for around £492 on both Goldline and CoinInvestDirect.

Wonder if they'll drop the prices? Maybe they don't want to sell as they'll make a heft loss??

Regards,

crude.

Hi

I think we've got a new currency paradigm here - currencies now strengthen when you lower interest rates. The pound too weak against the euro? - simple solution, chop 1% off UK interest rates, jobs a good 'un Want to fight inflation - lower interest rates! Suprised we've all been too dim to realise this "fact"!!!

Regards,

crude.

Is Bear Stearns cheap at $2 per share?

I'd imagine it looks cheap to Bear Stearns poor shareholders They've gone from about $150 from a year ago to $2! Feck! You can almost smell the coming lawsuits in the US as they look for someone to blame...

Regards,

crude.

This interview (click on link) with JIM ROGERS is well worth a listen:

 

http://www.cnbc.com/id/23588079

 

Jim tells it like it is

No kidding! What a great interview. When asked how he would address the current issues if he was head of the Fed - "I was abolish the fed and resign". Some of his one liners are priceless

Regards,

crude

Just had a little nibble myself, with some more Goldcorp, and Minefinders.

Bought some Minefinders last week after listening to Jim Puplava's interview with their CEO. Also "nibbled" a bit of EMED this morning after their 10% drop yesterday. Hopefully they'll do OK, otherwise I fear wife, frying pan, head

crude

Probably should have sold Silver yesterday above $20 - didn't get chance. DM's email this am expects a drop to maybe $15. Way above the 200 day MA. I view more as an opportunity to add to my position.

I've never attempted to trade in and out of the gold/silver market - buy and hold has held me in good stead. If the prices really do explode they'll have no regard for DMAs or tech analysis. I look at the long term graph and don't worry about the ups and downs - if I did I'd have stomach ulcers by now

Regards,

crude

Hi All.

Occasional poster on HPC. Really p*ssed off about the gold thread being censored over there - I really enjoyed reading it and trying to keep up(!) with the posts. It wasn't just about gold, it touched on pretty much every part of economics and had fantastic links to great articles contributers had come across...

Glad we've a new home.

Bit about myself in terms of gold - got a large part of my pension (SIPP) split between GBS.L (as close as I can get to bullion) and Merrill Lynch Gold. Got a healthy amount (for me anyway) of physical gold + some silver, another lump with Goldmoney + some mining juniors such as MineFinders, Tyhee (Jim Puplava mentions these alot) and EMED.

Regards,

crude