sossij Posted September 17, 2008 Report Share Posted September 17, 2008 Zoinks! Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 17, 2008 Author Report Share Posted September 17, 2008 Looks like we're getting started towards a fair price. Link to comment Share on other sites More sharing options...
Mr Pipples Posted September 17, 2008 Report Share Posted September 17, 2008 Eh? What's going on there then? That's a bit wacked! EDIT - that made me laugh - 3x responses. Link to comment Share on other sites More sharing options...
whoops_apocalypse Posted September 17, 2008 Report Share Posted September 17, 2008 Perhaps this suggests that the Asian markets will take us to four figures by the morning? Link to comment Share on other sites More sharing options...
azazel Posted September 17, 2008 Report Share Posted September 17, 2008 Evening all, long time lurker here and finally sign up just as everything starts kicking off.... Can't quite believe the rise today in gold, and then travel home to find it busting straight through $850, where next?? p.s. many thanks to all the posters here - I've learnt a lot from the discussions here, and hope I can contribute something too. WELCOME! Link to comment Share on other sites More sharing options...
Gatesy Posted September 17, 2008 Report Share Posted September 17, 2008 Looks like we're getting started towards a fair price. I can't see the sell price but surely that's not "fair" if it's just a massive spread and you can;t sell at infalted prices too? Link to comment Share on other sites More sharing options...
G0ldfinger Posted September 17, 2008 Author Report Share Posted September 17, 2008 $867. Link to comment Share on other sites More sharing options...
dst Posted September 17, 2008 Report Share Posted September 17, 2008 I can't see the sell price but surely that's not "fair" if it's just a massive spread and you can;t sell at infalted prices too? I will be the party pooper - if you look at the bullion vault market - US gold is going for $869, front page must be an error (for now ) Link to comment Share on other sites More sharing options...
electroweak Posted September 17, 2008 Report Share Posted September 17, 2008 Coininvest commission now >GBP450 per kilo for the real stuff. Holy Shit. Gold Content: Buy Price: Netto Price: Brutto Price: 1000.00 Gramm £15,193.99 £15,647.29 £15,647.29 Link to comment Share on other sites More sharing options...
headmelter Posted September 17, 2008 Report Share Posted September 17, 2008 Interesting day today. Not as many rockets as I expected. Thought I'd provide some theme music. http://www.youtube.com/watch?v=u-_3oPUzO9A (mind your ears don't bleed) Link to comment Share on other sites More sharing options...
hotairmail Posted September 17, 2008 Report Share Posted September 17, 2008 I haven't seen it on here - apologies if I've missed. Channel 4 news stated that one of the credit rating agencies is threatening to review the US Government's AAA rating. I think this has been part of the flight to quality. Secondly - if they do get downgraded, presumably that affects things like AIG - see what I'm getting at? Link to comment Share on other sites More sharing options...
wren Posted September 17, 2008 Report Share Posted September 17, 2008 Eh? What's going on there then? That's a bit wacked! EDIT - that made me laugh - 3x responses. The New York vault has the least gold and is less liquid. But there must be few willing sellers to get that price. Link to comment Share on other sites More sharing options...
wren Posted September 17, 2008 Report Share Posted September 17, 2008 Evening all, long time lurker here and finally sign up just as everything starts kicking off.... Can't quite believe the rise today in gold, and then travel home to find it busting straight through $850, where next?? p.s. many thanks to all the posters here - I've learnt a lot from the discussions here, and hope I can contribute something too. Hello, this is my first ever post on this site, but have you guys seen this on Jesse's Cafe Americain ???? I find the 'you are here' especially interesting I can't help feeling twangs of schadenfreude even though millions of hard working, ordinary people look like they're about to lose everything they thought they owned. Welcome, moroboshi, and SoylentGreen. A bit more cheerful today for us gold and silver investors than recently. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 17, 2008 Report Share Posted September 17, 2008 What the hell have you guys done ?! I go to bed, 780. I wake up, 860 :blink: Edited to add: £473.5 How did that happen Link to comment Share on other sites More sharing options...
azazel Posted September 17, 2008 Report Share Posted September 17, 2008 What the hell have you guys done ?! I go to bed, 780. I wake up, 860 :blink: I decided to load up the trucks. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 17, 2008 Report Share Posted September 17, 2008 I decided to load up the trucks. You're supposed to average in. Not buy the whole lot :blink: Link to comment Share on other sites More sharing options...
Dispassion Posted September 17, 2008 Report Share Posted September 17, 2008 John Authers on the current risk adversion. http://www.ft.com/cms/bfba2c48-5588-11dc-b...00779fd2ac.html US 3 month t-bill yield at lowest point since 1941 Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 17, 2008 Report Share Posted September 17, 2008 Gold prices soar after AIG bailout, dollar drop By STEVENSON JACOBS – 2 hours ago NEW YORK (AP) — Gold prices soared Wednesday, jumping more than $60 an ounce as mounting credit market turmoil prodded jittery investors to pull money out of equities and into safe-haven assets. Gold's huge rally — prices shot up over 8 percent — came as the government moved overnight to rescue troubled insurer American International Group Inc. with an $85 million bailout loan. The Federal Reserve stepped in after AIG, teetering on collapse from losses tied to the subprime crisis and the credit crisis, failed to find adequate capital in the private sector. Fearing more tightening of credit markets, investors reacted swiftly and began dumping stocks and socking money into gold, silver and other safe-haven commodities. Gold is especially attractive during times of crisis because the metal is known for holding its value. Gold for December delivery jumped $64.50, or 8.25 percent, to $845 an ounce on the New York Mercantile Exchange, its highest trading level since Aug. 29. Prior to the rally, gold had fallen 25 percent since surging to record levels above $1,000 an ounce in March. "The same market participants who got out of gold are coming back in now. This is the start of an upward move," said Carlos Sanchez, analyst with CPM Group in New York, who predicted prices could climb back to $1,000 by year's end. Silver prices also jumped. The December contract soared 88.8 cents to $11.405 an ounce. December copper, however, fell 5.15 cents to $3.0375 a pound. http://ap.google.com/article/ALeqM5jND4r3B...nPIP8gD938JA000 Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 17, 2008 Report Share Posted September 17, 2008 Gold posts record gain The precious metal jumps 9% amid a weakening dollar and slumping stocks in the wake of the Wall Street meltdown. http://money.cnn.com/2008/09/17/markets/go...sion=2008091714 9% in how long !!!!! Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 17, 2008 Report Share Posted September 17, 2008 Investors flock to gold stocks as markets tank http://www.forbes.com/feeds/ap/2008/09/17/ap5437978.html Link to comment Share on other sites More sharing options...
Pixel8r Posted September 17, 2008 Report Share Posted September 17, 2008 Does anyone else have an iPhone? I have recently been using the new iGold app for the iPhone or iTouch. It's very good way of getting up to date prices and charts. http://www.sollico.com/igold.html Here's what it looks like, Link to comment Share on other sites More sharing options...
lardoon Posted September 17, 2008 Report Share Posted September 17, 2008 Does anyone else have an iPhone? I have recently been using the new iGold app for the iPhone or iTouch. It's very good way of getting up to date prices and charts. http://www.sollico.com/igold.html Here's what it looks like, WOOW, it predicts tomorrow's price too!! Link to comment Share on other sites More sharing options...
warpig Posted September 17, 2008 Report Share Posted September 17, 2008 This sounds the most likely cause for today's moves. http://www.reuters.com/article/idUKN1752966920080917 "Lack of a pro-active stance could have resulted in further financial stress and put pressure on the U.S. triple-A rating," Chambers said. "There's no God-given gift of a 'AAA' rating, and the U.S. has to earn it like everyone else." I haven't seen it on here - apologies if I've missed. Channel 4 news stated that one of the credit rating agencies is threatening to review the US Government's AAA rating. I think this has been part of the flight to quality. Secondly - if they do get downgraded, presumably that affects things like AIG - see what I'm getting at? Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 17, 2008 Report Share Posted September 17, 2008 Link to comment Share on other sites More sharing options...
Dispassion Posted September 17, 2008 Report Share Posted September 17, 2008 Back above $866 and climbing... anyone want to take a punt on where this rise will end? Link to comment Share on other sites More sharing options...
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