wrongmove

Maple price not bad! People here have been paying way, way more than that and calling it a bargain! The 1000oz silver bar is very close to spot too. That postage cost is very high, say £120, but you are saving about £60 a coin overall! Even a fairly modest order would make Kitco cheaper, which just goes to show how ridiculous CID prices are. But the Kitco (and Tulving) prices show that supplies are getting back to normal. CID will have to cut their spreads and premiums soon, surely. Kitco's premiums are almost normal. Someone better tell them about this "disconnect"! They must be paying the 'official' physical price (calculated by checking eBay), and then just knocking of 15%! You don't get many businesses like that these days

They are truly awful prices - bad as ebay! Try Kitco. Gold Eagle 1 oz (Only shipping to US) $809.98 Gold Maple 1 oz $802.55 *Gold Bar 400 oz (Please place order by phone) $299,440.00 Gold Bar 10 oz (Only shipping to US) $7,551.00 Gold Bar 1 oz $758.10 Kitco Gold Bar 1 oz $758.10 Gold Bar 1000 g $24,116.27 Gold Philharmonic 1 oz (Only shipping to US) $780.26 Silver Maple 1 oz ( Olympic Edition) $13.03 Silver Bar 1000 oz $9,830.00 You don't have to get ripped off! Kitco 1oz gold bar, spot + $16!!, 1oz siver coins, spot + $3

Nice one! That's like a licence to print money at the moment!

Seems reasonable, but it still doesn't make much sense to me. Maybe it is just badly written.

I agree - I don't get the connection. Sorry about the link - they have changed the article since I posted. The link still has the old title on Kitco, but it now links that new article.

Oh dear

I was trying to explain why I considered the dollar price to be important, even if dollars are not your local currency. I didn't actually say buy dollars as such, just that if hedging a strong dollar was your aim, buying dollars would be a more logical (and successful) strategy. I think it's quite funny that gold is being used (in retrospect) to protect against a strong dollar!

Cheers ziknik, that's what I thought. I do not understand what they mean in the article. Why should the end of the short ban affect gold?

So did I!

Does anyone know what ban is being referred to here? Gold dips as traders take more money off the table Does the ban on short selling include gold? Or are they predicting that funds will sell gold to short financials?

Just when you think the level of debate has reached an all time low, something comes along and drags it that little bit lower!

It is not irrelevant though. To its fans, gold is a currency. To most people, the dollar is the main currency. So if you are looking for the best currency, gold is in direct competion with the dollar, and losing rather badly. You don't have to buy gold with your pounds, you can buy dollars. Also, the western investment market is basically driven by dollars. Sure, an asset can be rising in one currency, while falling in another, but that is not gold strength, but pound weakness. Buying anything denominated in dollars has this effect, the most obvious example being just buying dollars themselves. So I belive the dollar price is very important in gauging sentiment in the gold market, although, of course, any individuals bottom line will depend on their local currency.

As I have just asked cg on another thread - like cg you are very insulting to TA users when their predictions are bearish. I take it that bullish TA is acceptable?

Surely getting a US depository to ship to your destination of choice shouldn't be beyond the wit of man?

Shhhhhhhhhh! There's a shortage, don't you know. Play the game!

You are a fine one to talk! Ker isn't the one giving 100% guarentees!

Oil has only ever sold for $80+ for less than a year from last autumn, so I agree, it does seem high. It is hard to imagine anyone developing a well that costs that much, bearing in mind that $80 oil is such a recent development.

Just saw this advertised on TV: Got gold? Get cash! They are offering around 50% of spot! (To buy, of course) unwanted, broken gold???

It's hard to believe that selling a 'mere' 12B euro would have achieved that going to do that. 'Billions' are so 2007! Certainly does look correlated though, but I would have thought 12B would be "lost in the noise" of recent 'traffic'.

This is no secret. Governments often intervene to support their currencies. Details of SDR here: IMF SDR is run by the IMF. The IMF hold gold, but do not use it for "trading". (Gold in the IMF). Otherwise, the SDR just holds major currencies.

You are getting just an itsy bit paranoid, GF. Nothing weird happened. Many commentators called it correctly. I think your "all in plus the overdraft" approach may be slightly distorting your perceptions of reality. "I called it wrong", (for now at least), may be a much simpler explanation that fits all the facts? As for panicing "insecure suckers", the gold bug rhetoric of "buy now, all in now, or it will be too late, and you will be ruined, muhahahaha" is pretty blatant in that respect.

With all respect to cg, market timing doesn't seem to be his strong point. I am still "watching silver", which was supposed to 'explode' from the $18ish it was when that thread was started. It has virtually halved since then, in dollar terms.

well, it's nice to see cg enjoying an "up" day.

It's 52.5p now! It would be nice to return to more general discussion here. People who want gold have got it.

You are too kind! Seriously. I am very much an amateur, and I am not putting large sums where my mouth is, because I do not have large sums right now. But the subject interests me at the moment, gold vs. cash seems to be the only game in town for now, but it would be nice to start trying to spot some early bargains in equities. Cambrian mining at 35p, for example!!! I think that gold is always capable of a big leg up, but it is getting hard to see what will cause it, considering what we have already been through. Some sort of treasury default looks to be the only thing that will do it at the moment, and while this is possible, it seems a way off at the moment. In the meantime, I suspect gold will disappoint, doing better than commodities (but that won't be saying much), but generally drifting lower on reduced jewelry demand, unless investers can start buying physical, rather than just placing bets on how much Indians are going to pay for physical, which as far as I can see is largely the situation now. Speculation, not investment. So for now I am sticking to 10% insurance and no investment, but I accept that if some people have totally lost their faith in cash, they have to go with their research/instincts, and I agree that gold is where to be. Almost certainly better than insurance shares But dry paper plus PM insurance policy for me, for now. And pay down debt, just in case we don't go hyper! If I see oil start to rise in any sustained way, or lending kick off again, then I will change my tune. And if I see evidence of western gold investment, rather than just speculation (and a few tons of coins), I will change my position.