azazel Posted February 27, 2009 Report Share Posted February 27, 2009 Yes, but more importantly, why Dave. Perhaps you could ask mystik Smeg that. My gut feeling, is we go up from here, not down to 700, as demand for yellow is greater than ever. But on second thoughts, Im going back under my rock. Tell me when its safe to come out. $937 Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted February 27, 2009 Report Share Posted February 27, 2009 I have consulted with the tea leaves and here are my findings. ......../........ hmmm. WTF just happened? I need to lay off the coffee! Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted February 27, 2009 Report Share Posted February 27, 2009 Yes, but more importantly, why Dave. Perhaps you could ask mystik Smeg that. My gut feeling, is we go up from here, not down to 700, as demand for yellow is greater than ever. Dave Link to comment Share on other sites More sharing options...
dopamine Posted February 27, 2009 Report Share Posted February 27, 2009 Plunging right now - any reason? About to check reuters. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted February 27, 2009 Report Share Posted February 27, 2009 Plunging right now - any reason? About to check reuters. crude shot up in the other direction at the same time Link to comment Share on other sites More sharing options...
FWIW Posted February 27, 2009 Report Share Posted February 27, 2009 Plunging right now - any reason? About to check reuters. I would put that down to system management... Link to comment Share on other sites More sharing options...
fexx Posted February 27, 2009 Report Share Posted February 27, 2009 Plunging right now - any reason? About to check reuters. This is looking like a bad tick in the making. Link to comment Share on other sites More sharing options...
dopamine Posted February 27, 2009 Report Share Posted February 27, 2009 "Banks cede control to governments" - reuters headline Ah, so, since governments are so trustworthy, gold sells off. I get it now. Link to comment Share on other sites More sharing options...
Ret45 Posted February 27, 2009 Report Share Posted February 27, 2009 That corresponds quite nicely with the graph below and where I think we are, at the beginning of the media attention stage. You might be on to something there Pixel8r. Of course putting a timeframe on it is the hard part - no one would have predicted that the property bubble would last so long. Is there any way of graphing the demand for physical gold bars/coins that people take delivery of, or gold that goes into a nominated account like BV or GM? This would give us a better indication of how quickly gold becomes a mainstream investment. In the long term this is propably more significant than the COMEX spot price that we all follow. Might be worth a separate thread - "Actual demand for physical" Link to comment Share on other sites More sharing options...
dopamine Posted February 27, 2009 Report Share Posted February 27, 2009 Telegraph in full 'media interest' mode atm. Chinese public beginning to buy. http://www.telegraph.co.uk/finance/finance...hard-times.html Link to comment Share on other sites More sharing options...
Ret45 Posted February 27, 2009 Report Share Posted February 27, 2009 Telegraph in full 'media interest' mode atm. Chinese public beginning to buy. http://www.telegraph.co.uk/finance/finance...hard-times.html that reminds me. Was talking to a very clued in Malaysian Chinese taxi driver in dublin the other (I knew he was clued in because he said has been buying physical gold for a about 10 years!). I asked him why he bought gold and he remarked that "Chinese people love gold". 1 billion chinese people + rising salaries in China/emergence of middle class = shortage in gold? Maybe I should open a GM in China if James Turk already hasn't. Link to comment Share on other sites More sharing options...
dopamine Posted February 27, 2009 Report Share Posted February 27, 2009 Maybe I should open a GM in China if James Turk already hasn't. Potential money spinner I agree - however potentially risky as the chinese government can be a bit 'overweaning', due to their awkward communist ways. Link to comment Share on other sites More sharing options...
ziknik Posted February 27, 2009 Report Share Posted February 27, 2009 Royal Mint are now charging £225 for a Sov! http://www.royalmint.com/OffSalePackedSets/UKB08R.aspx Link to comment Share on other sites More sharing options...
nicejim Posted February 27, 2009 Report Share Posted February 27, 2009 Royal Mint are now charging £225 for a Sov! http://www.royalmint.com/OffSalePackedSets/UKB08R.aspx Taking Baird's as a price guide, they're charging £187 for the coin and £38 for the cardboard Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 27, 2009 Report Share Posted February 27, 2009 Dave he..he...he still gives me a chuckle. :lol: Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 27, 2009 Report Share Posted February 27, 2009 Dave has changed his mind again. http://www.greenenergyinvestors.com/index....ost&p=98984 Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 27, 2009 Report Share Posted February 27, 2009 That corresponds quite nicely with the graph below and where I think we are, at the beginning of the media attention stage. I agree. Way to early for average investors to buy gold. I honestly think this will be a super bull run in pm's. Link to comment Share on other sites More sharing options...
Pixel8r Posted February 28, 2009 Report Share Posted February 28, 2009 You might be on to something there Pixel8r. Of course putting a timeframe on it is the hard part - no one would have predicted that the property bubble would last so long. I would disagree, you should read Fred Harrison's book "Boom Bust" 2005. He nailed the property bubble spot on. Is there any way of graphing the demand for physical gold bars/coins that people take delivery of, or gold that goes into a nominated account like BV or GM? This would give us a better indication of how quickly gold becomes a mainstream investment. In the long term this is propably more significant than the COMEX spot price that we all follow. Might be worth a separate thread - "Actual demand for physical" I guess that a good way to judge demand would be the premium being paid over spot for coins. You can monitor the bullion held by goldmoney on their front page, they update it monthly. Over US$608 million of gold, silver & currencies as of 27 February 2009 I think it will be obvious when gold hits the main stream, the fact that we have to hunt around for data means it isn't yet. Link to comment Share on other sites More sharing options...
ziknik Posted February 28, 2009 Report Share Posted February 28, 2009 Does anyone know which courier Barids use for delivery? Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 28, 2009 Author Report Share Posted February 28, 2009 Does anyone know which courier Barids use for delivery? Her Majesty's mail. Link to comment Share on other sites More sharing options...
ziknik Posted February 28, 2009 Report Share Posted February 28, 2009 Her Majesty's mail. Brilliant. Cheers Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 28, 2009 Report Share Posted February 28, 2009 I guess that a good way to judge demand would be the premium being paid over spot for coins. not sure... Baird are selling Krugs for 769.50 but they're also selling 1oz bullion bars for 722.50 i.e. significantly less. I would probably guess something along the lines of: the premium of bullion bars over spot roughly represents the demand for physical gold over paper gold the premium of national bullion coins over bullion bars roughly represents the demand for a more recognised/tradable form of gold. Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted February 28, 2009 Report Share Posted February 28, 2009 Her Majesty's mail. nothing quite like having your bullion delivered by a balance sheet insolvent postal service Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 28, 2009 Author Report Share Posted February 28, 2009 nothing quite like having your bullion delivered by a balance sheet insolvent postal service Ok, let's call it Royal Mail then. Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 28, 2009 Author Report Share Posted February 28, 2009 Just for info. Posted by "MAGNUM P.M.'s twin bro" on GIM http://goldismoney.info/forums/showpost.ph...postcount=25897 Saw Sinclair today…I will not comment on TRE, that is for others, but the tone is positive or perhaps I am an easy mark… The big headline? He was asked how he came up with the figure of $1650 originally. He brushed of a technical explanation and suggested that was the mathematical result if gold was used to balance the balance sheet of the USA. Today, if that same calculation was made, it works out to $17,000…yes $17,000 He said he would never put that figure in print because he would get a ton of crap for it, but it is why he started endorsing Alf Field’s calculations which went up to $10,000. ... [On inflation/deflation:] From: Link to comment Share on other sites More sharing options...
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