signofthetimes Posted November 30, 2010 Report Share Posted November 30, 2010 Imagine what happens to the price when they haven't got any left. CID now paying above spot to buy back most 1oz coins Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 30, 2010 Author Report Share Posted November 30, 2010 Oops. Nice $20 spike. Link to comment Share on other sites More sharing options...
The Mad Hatter Posted November 30, 2010 Report Share Posted November 30, 2010 Isn't that another sterling record? What, not even one tincy wincy rocket? Link to comment Share on other sites More sharing options...
LauraB Posted November 30, 2010 Report Share Posted November 30, 2010 Isn't that another sterling record? What, not even one tincy wincy rocket? Let's go Euro-pean .... Ariane 5? Link to comment Share on other sites More sharing options...
mugwump boy Posted November 30, 2010 Report Share Posted November 30, 2010 Isn't that another sterling record? What, not even one tincy wincy rocket? Please no rockets... they are like GEI's version of the RBCI. Link to comment Share on other sites More sharing options...
LauraB Posted November 30, 2010 Report Share Posted November 30, 2010 Please no rockets... they are like GEI's version of the RBCI. Hence the choice of Ariane 5 to hopefully offset the RB indicator effect. EDIT:- To be more accurate it was the super-drooper ECA version I was referring to. Link to comment Share on other sites More sharing options...
marmite Posted November 30, 2010 Report Share Posted November 30, 2010 £9 short of £900, looking strong today What is causing this current weakness in the £ ??? We had 1.60 all last week, but now down to 1.55 Link to comment Share on other sites More sharing options...
fitkid Posted November 30, 2010 Report Share Posted November 30, 2010 £9 short of £900, looking strong today What is causing this current weakness in the £ ??? We had 1.60 all last week, but now down to 1.55 Market makers PUMPING and DUMPING. At least today was a true reflection of the AWFUL FUNDAMENTALS. Stock markets going down. Au going up. Link to comment Share on other sites More sharing options...
fitkid Posted November 30, 2010 Report Share Posted November 30, 2010 Imagine what happens to the price when they haven't got any left. GET OFF YOUR "HORSE WITH WOODEN WHEELS" SIR PIXEL8R. Link to comment Share on other sites More sharing options...
Schaublin Posted November 30, 2010 Report Share Posted November 30, 2010 CID now paying above spot to buy back most 1oz coins The revamped site is causing me problems - the pull-down menus are not where they seem to be (farther to the right of the actual menu) and I had to delete their cookie to let me get back on the site - perhaps they don't want any business! Link to comment Share on other sites More sharing options...
shawth Posted November 30, 2010 Report Share Posted November 30, 2010 Goldfinger.....I am after some advice. I remember reading one of your posts saying that you use a SIPP to invest your physical bullion in. I have just reviewed a pension fund that I hold from a previous employer and it has grown by a pultry 5% in the last 4 years! I have decided to take the cash out as I am constrained by the funds I can invest in and stick it in to gold and silver averaging in over 12 months. Can you let me know who your SIPP provider is and how you go about holding physical gold and silver in a sipp? Also do you store in a safety deposit box, use bullionvault etc or store at home? I could just take the easy route and buy etf's but that would be potentially more risky.... Thanks. Link to comment Share on other sites More sharing options...
warpig Posted November 30, 2010 Report Share Posted November 30, 2010 If they want to, the gold sales could go on for some time. 403.3 metric tons is only 1/8th of their total holdings. It will be interesting to see what happens next year. http://www.imf.org/external/np/exr/faq/goldfaqs.htm Imagine what happens to the price when they haven't got any left. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 30, 2010 Author Report Share Posted November 30, 2010 Goldfinger.....I am after some advice. I remember reading one of your posts saying that you use a SIPP to invest your physical bullion in. I have just reviewed a pension fund that I hold from a previous employer and it has grown by a pultry 5% in the last 4 years! I have decided to take the cash out as I am constrained by the funds I can invest in and stick it in to gold and silver averaging in over 12 months. Can you let me know who your SIPP provider is and how you go about holding physical gold and silver in a sipp? Also do you store in a safety deposit box, use bullionvault etc or store at home? I could just take the easy route and buy etf's but that would be potentially more risky.... Thanks. I think there are people on here who know more about it than me. Generally, you can hold gold in a SIPP through e.g. BullionVault or GoldMoney. I don't think they let you store it at home! You need a SIPP administrator. You can find some through GM's and BV's pages AFAIK: http://goldmoney.com/de/gold-sipp.html http://www.goldsipp.com/bullionvault_sipps.do Link to comment Share on other sites More sharing options...
Ret45 Posted November 30, 2010 Report Share Posted November 30, 2010 What's with the gold price - always up up up. Always new highs. Always new floors. Don't they understand i have more gold to buy? Link to comment Share on other sites More sharing options...
romans holiday Posted December 1, 2010 Report Share Posted December 1, 2010 Both dollar and gold up. This may continue to confound the "uncorrelationists" in both camps. Link to comment Share on other sites More sharing options...
Carlton Posted December 1, 2010 Report Share Posted December 1, 2010 Mumbai: Gold benchmark futures on Wednesday struck a record high of Rs. 20,625 per 10 grams, tracking firm global markets. Analysts expect the rally to continue and breach Rs. 21,000 in coming sessions. At 10:40am, the contract was at Rs. 20,589, up 0.25% after gaining 1.3% in the previous three sessions. The earlier record of 20,624 was hit on Tuesday. “Gold is expected to trade positive due to continuing debt problems in Europe, and may witness Rs. 21,000 by end of the week,” said Pranav Mer, senior analyst with Mangal Keshav Commodities. http://www.livemint.com/2010/12/01101600/G...igh-Rs-210.html SINGAPORE, Dec 1 (Reuters) - Gold held near its highest in more than two weeks on Wednesday as growing fears about Portugal's debt pummeled the euro, sending bullion priced in the single currency to a record high. http://af.reuters.com/article/commoditiesN...E6N102D20101201 Perhaps USD holders should take advantage of these "low" dollar prices. ...or perhaps not. DYODD. Link to comment Share on other sites More sharing options...
romans holiday Posted December 1, 2010 Report Share Posted December 1, 2010 Perhaps USD holders should take advantage of these "low" dollar prices. Did that a couple of years ago, and put near 60% of my worth into bullion. No more buying gold for me. But it certainly would make sense for dollar holders to buy gold even at these current seemingly lofty prices... that is, if they didn't own any, or much. Dollars are good for a hedge, ie in case you're completely wrong about everything [always possible], or then to trade against the volatility in something like silver in order to keep the hedge balanced against bullion... I'll get it right one day... Link to comment Share on other sites More sharing options...
jerpy Posted December 1, 2010 Report Share Posted December 1, 2010 China approves first gold fund SHANGHAI - "China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal. Lion Fund Management Co said on Monday that it won approval from the China Securities Regulatory Commission to launch the Lion Global Gold Fund, which invests in gold-backed exchange traded funds (ETFs) overseas." Taking advantage of rising interest in gold, fund managers are racing to roll out gold funds. E Fund Management Co, another fund house, is also waiting for regulatory approval to launch a gold fund under the QDII scheme http://www.chinadaily.com.cn/business/2010...nt_11628740.htm Link to comment Share on other sites More sharing options...
lupercal Posted December 1, 2010 Report Share Posted December 1, 2010 Coming soon: the loud thud of a gold bust http://blogs.reuters.com/deep-pocket/2010/...of-a-gold-bust/ Some time in the future the price of gold will crash and it won’t have a fairy-tale ending for the millions of investors who piled on in recent months. If I could tell you when gold was going to bust, I’d likely be wrong or bigger than Warren Buffett, so I won’t even try. Just be incredibly cautious now. There are too many signs that gold is frothier than a Starbucks cappuccino. It’s not that I don’t nod in agreement when gold bugs rant about why their metal holds a special value now. The dollar is in deep trouble as the U.S. sinks deeper into debt. Will Portugal and Spain be the next Ireland on the bailout boulevard? Ben Bernanke may not be able to put a dent in U.S. unemployment or the intractable housing crisis. And yes, I also know the argument on how gold is nowhere near its inflation-adjusted equivalent of its high in January, 1980. According to the Leuthold Group, gold will have to hit $2,400 an ounce to match the $850 high mark it hit in 1980 in real terms. That doesn’t mean it will, of course. Link to comment Share on other sites More sharing options...
LauraB Posted December 1, 2010 Report Share Posted December 1, 2010 There are too many signs that gold is frothier than a Starbucks cappuccino. Too much analysis gives me a headache Link to comment Share on other sites More sharing options...
signofthetimes Posted December 1, 2010 Report Share Posted December 1, 2010 Coming soon: the loud thud of a gold bust http://blogs.reuters.com/deep-pocket/2010/...of-a-gold-bust/ I think the comments make more sense than the article and its author Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 1, 2010 Author Report Share Posted December 1, 2010 ... gold is frothier than a Starbucks cappuccino ... A very uneducated opinion. Disregard. Link to comment Share on other sites More sharing options...
romans holiday Posted December 1, 2010 Report Share Posted December 1, 2010 Too much analysis gives me a headache Is that code for too much coffee? Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 1, 2010 Author Report Share Posted December 1, 2010 New all time highs in currencies important to many/most of us, but still a lot of bearishness around, in particular the Dr. I'd say gold is still climbing the wall of worry here, as it has for a very long time. Link to comment Share on other sites More sharing options...
romans holiday Posted December 1, 2010 Report Share Posted December 1, 2010 New all time highs in currencies important to many/most of us, but still a lot of bearishness around, in particular the Dr. I'd say gold is still climbing the wall of worry here, as it has for a very long time. I'm undecided if I want the price to go up or down here. Thing is, I don't want to be competing with the hordes on my fossicking expedition to the Southern Alps. Link to comment Share on other sites More sharing options...
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