stunlee

I've never understood this. If you buy 10 of the 20 pound silver coins at 200 pounds then you are getting 5 ounces of silver with a nominal value of 200 pounds. But if you buy 5 Britannias then you have 5 ounces of silver and still have 125 pounds left. Heavens you could even go crazy and buy 12 ounces for your 200 pounds. Apart from the potential for numismatic value, which I know nothing about, I can't see where the gain is in these coins?

I think you're right.

It appears that so massive is the manipulation, Gold will not be allowed above 1400 dollars until there is not an ounce of gold left in the bullion bank system. What utter cretins we have in charge. Edit: Another 15 dollar fall at 2.26pm British time within a few seconds just before Yellen's speech today

(Reuters) - Barclays (BARC.L), Deutsche Bank (DBKGn.DE) and three other banks have been accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal, Bloomberg reported http://www.reuters.com/article/2014/03/05/us-gold-fix-idUSBREA240R620140305

Finally, finally, finally after having been screamingly obvious for years, reports of gold manipulation have reached the mainstream media. http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html

Boing! Nearly a month without a reply. Has market sentiment ever been lower for any investment in history?

Yeah OK, your post read as if the mere pricing of silver at 11 dollars would indicate that everything was rosy again. What indeed is the hedge against 1984?

I can't tell if you are being sarcastic or not. You are aware that to mine silver costs more than 25 dollars per ounce for most of the world's mines? Sell at 11 dollars? Edit: I think it is certainly not impossible that "silver" could trade at 11 dollars at some time in the future, but it would have been as a result of multiple rapid attacks where hundreds of millions of ounces of imaginary silver are created and sold short within a couple of milliseconds to overwhelm all of the buyers and jam price down a couple of dollars in a second, and this would have to be done dozens of times. There wouldn't be a single ounce of real stuff for sale anywhere. How does this have any relation to governments running sustainable budgets?

It is only 7 percent in Germany until the end of the year for coins. Bring the receipt back and you can't be charged VAT twice.

Six weeks without a post.

That too. Thank heavens that Britain is run by an extremely talented, well educated and selfless group of individuals who are genuinely concerned for the good of the country and are absolutely not interested in pursuing policies for their own gain. People as brilliant as the current group of British politicians could be earning millions in the private sector if they weren't so dedicated to the common good.

I was thinking about this. In an almost completely wrecked economy like Britain's, the only economic "growth" comes from an increase in the money supply. And nearly all of that increase in the money supply comes from increases in the housing market. (I know how ludicrous that is but I am trying to think like a politician here). The housing market will be the very last thing that the government tries to tax, and certainly well after savings (money hoarders are depriving hard-working families of their money) and pensions (the government wants to provide protection for hard-working families against investing in risky private companies).

Yep, good post JD. And now that the wise UK government, comprised of philosopher kings, financial genii and brilliant students of human nature is offering government backed sub-prime mortgages, it would seem highly probable that there are going to be further increases. People who have put thousands of posts on the internet about how prices were going to collapse should have the humility to admit they were wrong.

Excellent post. Potential purchasers should also consider the possiblity of intergalactic thermo-nuclear war or cabal time circle manipulation before deciding whether to snap up a competitively priced charming three-bedroom period cottage in Chipping Norton.

It was announced a couple of months ago by one of the Fed Governors. It does seem implausible.

Well the markets have priced in interest rate rises in the US for 2017 and I cannot believe that Britain will raise before the US. Of course more than likely the UK will be in the early stages of a hyperinflation before then. 5 year fixed rates are now at 2.79 percent if posters on HPC are correct. (those poor sods have backed the losing horse and their ego will not allow them to admit that they are wrong). Oh, and SMI, the government paying peoples mortgages was extended for another two years until March 2015 in last week's budget. I am certain that it will not be extended just before the next election.

Great idea! Did you need to obtain planning permission for that?

Yes that is right. It is not an ideal setup and I normally like to look for much bigger gains but the price action has become so slow that there is little else that can be done. Here is an hourly chart for the past ten days or so and you will see what I mean. I trade XAGUSD which is a direct link to spot price. Edit: that has come up smaller than I expected. Price action has been similar for a couple of days before this chart starts as well. Edit 2: Maybe 31.08 or 31.1 would be a better take profit in future. Boring charts.

I thought I saw him post a chart here a couple of days ago, house prices in gold ounces maybe? I thought that all of the Metal Gear had been destroyed during the Boxer Rebellion? Oh my god, it has already happened. The latent robotic gold monster has awoken and is now summoning all the hidden ounces of gold under Mount Fuji. It is certain that there will be an eruption in the next TWO WEEKS! I have been WARNING people about this for MINUTES!

Nice chart. Silver is now coming to the conclusion of a wedge pattern that has been building for the best part of a year. For the past year three has been strong buying support at around the 31 level and for the last week in particular at the 30.70 dollars level. On the other side there is a descending trendline which started from the end of April 2011 top, has been tested numerous times in the past couple of months and has a false break in February this year. We should have a resolution this week and I expect a big move (upwards) soon. 30.70 has proved to be a good place to buy with a take profit at 31 in what has become an extremely slow moving market.

Oh my goodness, I think you are right. It wasn't the Red Dragons at all. It was the Jolly Green Giant faction who have their tradition in the north of Japan. They are the people who were mummified in the 16th Century http://en.wikipedia.org/wiki/Sokushinbutsu but have now come back to stake their claim and stop the evil Red Dragon faction who are the cause of the secret civil war. Maybe McArthur has been fooling us all along? Maybe he actually caused the earthquake when he went back in time to 1945 to stop operation Olympic. Sorry man, I was only satirising the conspiracies theorists. In truth, I couldn't actually create anything more ridiculous so my satire fell a little flat. I have also been looking for other places. tfmetalsreport is good if a little US centric and gold bullish for my tastes, they are the kind of people who will end up missing the gold top. I don't really know why I come here any more. In an attempt at some serious analysis, we had another small smashdown today, gold on my charts falling from 1658 to 1642 in less than a minute at 2.31pm GMT. That the price recovered all of the losses over the following three hours has to be considered bullish and I am now long.

Wait a minute, I think I have worked it out. Fukushima wasn't actually a nuclear plant, it was a gold manufacturing plant. The Red Dragons don't like this of course as it would devalue the million tons of gold they have hidden under Mount Fuji. So, with the help of the 60 percent of good guys in the Pentagon who are currently engaging in a civil war which will end with mass arrests in the next 30 days they started the earthquake directly underneath the plant. This also has the advantage that it will cause Mount Fuji to erupt in December 2012 so they can get their gold back because they had to surrender the key to the door to McArthur when he was Shogun in 1945. The Korean War was merely to hide the fact that the Red Dragons had betrayed their birthright and was intended to get McArthur out of Japan again. McArthur tells us all about this in his famous "Duty Honour Country" West Point speech on May 12 1962. Indeed that speech was the cause of the Pentagon civil war. The fiftieth anniversary of that speech happens in two weeks time. When that happens, it will be the most exciting event of all time and will lead to the overthrow of the criminal cartel who rule the world. It took me twelve minutes to write this, and I have solved all of world history. Spread the truth people. The TRUTH will ALWAYS win out.

Oh dear lord.

That's the best post of the month on here! I am also convinced that James Cameron has been burying hundreds of thousands of tons of gold in the Marianas Trench http://news.nationalgeographic.com/news/2012/03/120325-james-cameron-mariana-trench-challenger-deepest-returns-science-sub/ He decided to do this after discovering that the Titanic had been sunk with 50000 tons of gold in it that would magically refloat after the Golden Dragon pact come to power in the forthcoming Pentagon war which will happen in the next 30 days.

Whether they can afford to or not, they will continue. The UK government is run by utter fools.