sylvester Posted August 12, 2009 Report Share Posted August 12, 2009 If it was true... + It is probably only amongst the most active on this thread, + It would make GEI amongst the most Gold-friendly web communities on the planet Most of my savings are in gold (mainly by accident, not design but I'm happy with it) and solid gold love hearts best sum up my views: Link to comment Share on other sites More sharing options...
nicejim Posted August 12, 2009 Report Share Posted August 12, 2009 All ties are rediculous IMO and one day will finally be unfashionable and then people will look back and see how stupid they look. Its like wearing a hangmans noose round your neck under threat as if you are a slave! Maybe thats why its compulsary to wear one in many workplaces. Not compulsory for women though. Vest tops and flip-flops are ok for women whilst men have to suffer with their body heat trapped by their top button. Link to comment Share on other sites More sharing options...
romans holiday Posted August 12, 2009 Report Share Posted August 12, 2009 All ties are rediculous IMO and one day will finally be unfashionable and then people will look back and see how stupid they look. Its like wearing a hangmans noose round your neck under threat as if you are a slave! Maybe thats why its compulsary to wear one in many workplaces. Dislike ties, but I have to admit I regret hats went out of fashion. I heard the reason for this was a president, not sure which, made a public appearance without one and the industry died quicker than you could say "mad hatter". Link to comment Share on other sites More sharing options...
Pixel8r Posted August 12, 2009 Report Share Posted August 12, 2009 I think gold will go down (450) in 12 months, and then double from there (900) over the subsequent 1-3 years. So if I'm right with that prediction, I'd ike to buy near the bottom, and double my money. But buying and holding from here would only bring a 50% benefit. Of course, we could all be wrong, and gold might only go down from here, and never get above 600 again for many, many years. So I'm taking a calculated gamble... If I get it wrong I don't loose any money, but if I get it right I double my money. Alternatively it could just go up from here, talk of £450 gold seems wishful thinking to me. We have been in a year and half long battle to get through $1000, what makes you think that it will be still going down? None of the problems seem to be getting sorted, they actually just seem to be getting worse. Towards the end of the year inflation will get a boost as the old 17.5% VAT rate kicks back in. All the additional liquidity which is being created by QE has got to have an effect at some point, they won't be able to remove it as quick as they made it. Link to comment Share on other sites More sharing options...
aardvark Posted August 12, 2009 Report Share Posted August 12, 2009 Alternatively it could just go up from here, talk of £450 gold seems wishful thinking to me. me too - i honestly don't think it happen. Link to comment Share on other sites More sharing options...
TrueNorth Posted August 12, 2009 Report Share Posted August 12, 2009 me too - i honestly don't think it happen. I agree. Gold is the barometer. When things are "stable" "again", its price will drop. Until then, I can't see it going down more than, say, 10%. Link to comment Share on other sites More sharing options...
romans holiday Posted August 12, 2009 Report Share Posted August 12, 2009 I agree. Gold is the barometer. When things are "stable" "again", its price will drop. Until then, I can't see it going down more than, say, 10%. Ah, but then gold itself might be the stabilizer this time round. Link to comment Share on other sites More sharing options...
TrueNorth Posted August 12, 2009 Report Share Posted August 12, 2009 Ah, but then gold itself might be the stabilizer this time round. Yes, I agree. In which case I also don't expect it to depreciate. Link to comment Share on other sites More sharing options...
DoctorSolar Posted August 12, 2009 Report Share Posted August 12, 2009 I think gold will go down (450) in 12 months, and then double from there (900) over the subsequent 1-3 years. So if I'm right with that prediction, I'd ike to buy near the bottom, and double my money. But buying and holding from here would only bring a 50% benefit. Kudos to you for sticking to your guns and aiming to finesse a further holding in gold. And thanks for taking the time to detail your thinking and plans for the future. For the vast majority of folks such as myself who just dont have the time to trade with pin-point accuracy, setting aside a set proportion of take home salary to buy gold each and every month from here till lift-off may prove to be more effective. My gut instinct and education provided through members of this site and links out to articles from here tells me that we in the UK are in for a king hell of an inflationary fire storm. No one can say precisely when this will occur but I want to be prepared starting from now. If you don't have a position in gold/silver when this thing kicks off you will most likely experience extreme financial pain. Till then gold will still perform ok as perceptions swing from deflation to inflation and back. I trade the gold/silver ratio to a limited degree to capitalise on these swings. Profits are booked in gold. Link to comment Share on other sites More sharing options...
routemaster Posted August 12, 2009 Report Share Posted August 12, 2009 I think gold will go down (450) in 12 months, and then double from there (900) over the subsequent 1-3 years. So if I'm right with that prediction, I'd ike to buy near the bottom, and double my money. But buying and holding from here would only bring a 50% benefit. Of course, we could all be wrong, and gold might only go down from here, and never get above 600 again for many, many years. So I'm taking a calculated gamble... If I get it wrong I don't loose any money, but if I get it right I double my money. 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. Link to comment Share on other sites More sharing options...
pmaupoil Posted August 12, 2009 Report Share Posted August 12, 2009 I am looking for some better coin boxes to protect my gold coins. I currently have these plastic tubes that can hold 10 coins but I have lots of naps folded in paper. What do you use guys use and where can I purchase them? thanks. Link to comment Share on other sites More sharing options...
azazel Posted August 12, 2009 Report Share Posted August 12, 2009 I am looking for some better coin boxes to protect my gold coins. I currently have these plastic tubes that can hold 10 coins but I have lots of naps folded in paper. What do you use guys use and where can I purchase them? thanks. I wrap my silver coins in cling film and store them in MDF boxes I made myself. Link to comment Share on other sites More sharing options...
warpig Posted August 12, 2009 Report Share Posted August 12, 2009 IMO the best solution is coin capsules in a PVC tube. I am looking for some better coin boxes to protect my gold coins. I currently have these plastic tubes that can hold 10 coins but I have lots of naps folded in paper. What do you use guys use and where can I purchase them? thanks. Link to comment Share on other sites More sharing options...
enrieb Posted August 13, 2009 Report Share Posted August 13, 2009 I am looking for some better coin boxes to protect my gold coins. I currently have these plastic tubes that can hold 10 coins but I have lots of naps folded in paper. What do you use guys use and where can I purchase them? thanks. I use the acrylic coin capsules made by lighthouse, different sizes are available for each coin. http://shop.ebay.co.uk/?_from=R40&_trk...-All-Categories Link to comment Share on other sites More sharing options...
drbubb Posted August 13, 2009 Report Share Posted August 13, 2009 Gold-C$1,000 is a good level to watch If it touches there, or approaches closely, I will be buying heavily. This chart suggests to me that the potential takeoff point is coming much closer. (see the red MA line in the PPO section at the top) Link to comment Share on other sites More sharing options...
romans holiday Posted August 13, 2009 Report Share Posted August 13, 2009 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. In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is a fallacy as modern fiat currencies have no inherent value and their real value is derived from their ability to be exchanged for goods and used for payment of taxes. The term was coined by John Maynard Keynes in the early twentieth century, and Irving Fisher wrote an important book on the subject, The Money Illusion, in 1928.[1] The existence of money illusion is disputed by monetary economists who contend that people act rationally (i.e. think in real prices) with regard to their wealth. Shafir, Diamond and Tversky (1997) have provided compelling empirical evidence for the existence of the effect and it has been shown to affect behaviour in a variety of experimental and real world situations.[2] http://en.wikipedia.org/wiki/Money_illusion Yes, I think it should be obvious that money illusion persists and "cuts both ways". Inflationary eras have no monopoly on it. Link to comment Share on other sites More sharing options...
id5 Posted August 13, 2009 Report Share Posted August 13, 2009 I wrap my silver coins in cling film and store them in MDF boxes I made myself. You can use Cling film or PVC zip baggies for a few months but get the majority of the air out of the bag and store them in the dark, it is sunlight that causes the bag to release hydrochloric acid, best is either an Air-Tite acrylic capsule or an original Mint Mylar plastic tube. Do not store silver coins in paper envelopes, coin albums or the harder plastic flips as they are only good for circulation coins. Link to comment Share on other sites More sharing options...
drbubb Posted August 13, 2009 Report Share Posted August 13, 2009 My "Swing Indicator" suggests that Gold (GLD) is a dangerous buy now /see: http://www.greenenergyinvestors.com/index.php?showtopic=7266 The price action gets exaggerated if Commercials shorts vary from 68%. They were last week at 71.1% which is definitely on the high end, indicating that Commercials are more happy than usual to be short gold. They usually get it right at extremes. I am looking for reasons to buy Gold now, since the seasonal window has a limited number of days left, but I find this to be off-putting. Link to comment Share on other sites More sharing options...
Jake Posted August 13, 2009 Report Share Posted August 13, 2009 I am looking for reasons to buy Gold now, since the seasonal window has a limited number of days left, but I find this to be off-putting. Hasnt Prechter just said that we'd all be surprised by how low gold could fall? For the time being I am holding off...and getting in a few dollars instead. Link to comment Share on other sites More sharing options...
Pixel8r Posted August 13, 2009 Report Share Posted August 13, 2009 Hasnt Prechter just said that we'd all be surprised by how low gold could fall? For the time being I am holding off...and getting in a few dollars instead. Prechter has been bearish about gold for years, since about $400 I believe. So he and all that follow him have missed 120% gain. He will be wrong again this time Link to comment Share on other sites More sharing options...
romans holiday Posted August 13, 2009 Report Share Posted August 13, 2009 Hasnt Prechter just said that we'd all be surprised by how low gold could fall? For the time being I am holding off...and getting in a few dollars instead. Do you have a link for that? I thought he was becoming more bullish on gold these days. Link to comment Share on other sites More sharing options...
id5 Posted August 13, 2009 Report Share Posted August 13, 2009 I am looking for reasons to buy Gold now, since the seasonal window has a limited number of days left, but I find this to be off-putting. ... Average in over the next few weeks to reduce your risk rather than buying all in a single purchase. If the price falls you can take advantage of the lower price, if the price rises then the earlier purchases will have been bargins. Link to comment Share on other sites More sharing options...
pmaupoil Posted August 13, 2009 Report Share Posted August 13, 2009 I am looking for some better coin boxes to protect my gold coins. I currently have these plastic tubes that can hold 10 coins but I have lots of naps folded in paper. What do you use guys use and where can I purchase them? thanks. Thanks for your input. Link to comment Share on other sites More sharing options...
Jake Posted August 13, 2009 Report Share Posted August 13, 2009 Do you have a link for that? I thought he was becoming more bullish on gold these days. Was searching for that and found it on Yahoo Tech Ticker. But this link is useful too. http://economiccrisiswatch.blogspot.com/20...-on-august.html Link to comment Share on other sites More sharing options...
shawth Posted August 13, 2009 Report Share Posted August 13, 2009 I am looking for some better coin boxes to protect my gold coins. I currently have these plastic tubes that can hold 10 coins but I have lots of naps folded in paper. What do you use guys use and where can I purchase them? thanks. I am currently developing a box to hold bullion coins. Please see attachments. These will hopefully be on sale in the winter. Each coin will have their own capsule. There will be 20 capsules to a tray and 5 trays in the box, so each box can hold 100 coins. I may develop these boxes further for larger investors, perhaps to hold tubes. I am also considering marketing the investment boxes already containing silver coins from around the world. I am hoping to sell these through mass market retail chains. Any feedback would be very welcome. Thanks. Link to comment Share on other sites More sharing options...
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