warpig Posted October 6, 2008 Report Share Posted October 6, 2008 Sorry but to me it sounds like wild speculation at this point. IMO a version of this may eventually come to fruition, but I sincerely doubt this level of commitment has been given by the alleged supporting countries, it smells of a conspiracy theory to me. Nevertheless, it was interesting to note he didn't mention the UK per se just Sterling, was it just an over sight? Link to comment Share on other sites More sharing options...
AgeingBabyBoomer Posted October 6, 2008 Report Share Posted October 6, 2008 Sorry but to me it sounds like wild speculation at this point. IMO a version of this may eventually come to fruition, but I sincerely doubt this level of commitment has been given by the alleged supporting countries, it smells of a conspiracy theory to me. Nevertheless, it was interesting to note he didn't mention the UK per se just Sterling, was it just an over sight? Airstrip One will always be part of the Empire. ABB Link to comment Share on other sites More sharing options...
wrongmove Posted October 6, 2008 Report Share Posted October 6, 2008 Basically they're saying Asia is trading physical gold at in excess of $900 ... whereas COMEX paper gold is trading way down on that figure. That, to me, is either untrue, or it could explain why BullionVault are having trouble making a sensible price, or it means buying from BV or GoldMoney is a veritable bargain at the moment. I can find no evidence of this. Many Indian articles on gold routinely quote the spot price in both dollars and lakh: The Hindu ".....The yellow metal has stood virtually alone amid the rubble in the wake of the U.S. financial crisis. At present, ruling around $850-870 an ounce or Rs. 13,000 per 10 gram, gold is off its peak of $1,033 an ounce scaled on March 17 this year........." The rupee is currently 47.8 to the $. so the above figures are consistant with the same price in India as in US. Link to comment Share on other sites More sharing options...
ologhai Posted October 6, 2008 Report Share Posted October 6, 2008 I put one aliquot of my funds into the 'OILB' oil ETF when brent crude was at USD 100, and a further two aliquots when it fell to 92 last Friday. I have retained a further 7 aliquots for further purchases if and when the price falls further. I will allocate 3 of these if price hits 80, and the last 4 if the price hits 70 (though I don't think it will, or if it does it will only be for a brief period) This isn't really the place to discuss this, but do you think OILB would be a good place to stick a few quid for the medium term (say, a couple of years or so)? Link to comment Share on other sites More sharing options...
gwizzie Posted October 6, 2008 Report Share Posted October 6, 2008 You will want to listen, but (as it's 1:25 am here), just one sentence: It doesnt include the £ or $ Its a currency based on resources (i.e gold and a basket of other "stuff") Link to comment Share on other sites More sharing options...
Dispassion Posted October 6, 2008 Report Share Posted October 6, 2008 Looks like Ker channel 2 will hold and mini channel 7 has been broken. Link to comment Share on other sites More sharing options...
alexreeve Posted October 6, 2008 Report Share Posted October 6, 2008 $45 change in a couple of hours. Very volatile week ahead? Link to comment Share on other sites More sharing options...
G0ldfinger Posted October 6, 2008 Author Report Share Posted October 6, 2008 $45 change in a couple of hours. Very volatile week ahead? At least it is in the rational direction. Link to comment Share on other sites More sharing options...
kernull Posted October 6, 2008 Report Share Posted October 6, 2008 Looks like Ker channel 2 will hold and mini channel 7 has been broken. hmm, I have a bad feeling about this, they jumped too fast, and the volume is low. right now they are in the middle of the channel #2 and thats a good point to plunge. so, i am not playing this no matter how high it could go Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2008 Report Share Posted October 6, 2008 DOW about to fall below 10000 for the first time in four years. And gold soaring at 871. Things are starting to heat up. Edit. gold may break through 900 tonight and possibly stay there. With the DOW falling into four digits... gold should also go into four digits Link to comment Share on other sites More sharing options...
tl8177 Posted October 6, 2008 Report Share Posted October 6, 2008 DOW about to fall below 10000 for the first time in four years. And gold soaring at 871. Things are starting to heat up. Then Kitco crashed Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2008 Report Share Posted October 6, 2008 Gone through.... a watershed moment IMO. Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2008 Report Share Posted October 6, 2008 Then Kitco crashed bummer. Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2008 Report Share Posted October 6, 2008 I do not often call for rockets... but could anyone do the honours? Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted October 6, 2008 Report Share Posted October 6, 2008 Then Kitco crashed http://www.usagold.com/live.html needs java Link to comment Share on other sites More sharing options...
ziknik Posted October 6, 2008 Report Share Posted October 6, 2008 Then Kitco crashed Try this. http://netdania.com/Products/ChartStation/ChartStation.aspx Link to comment Share on other sites More sharing options...
Vilhelm84 Posted October 6, 2008 Report Share Posted October 6, 2008 HUI and XAU both down, so I not feeling this gold move Link to comment Share on other sites More sharing options...
bitbigt Posted October 6, 2008 Report Share Posted October 6, 2008 Sorry but to me it sounds like wild speculation at this point. IMO a version of this may eventually come to fruition, but I sincerely doubt this level of commitment has been given by the alleged supporting countries, it smells of a conspiracy theory to me. Nevertheless, it was interesting to note he didn't mention the UK per se just Sterling, was it just an over sight? I fully agree Such earth shattering developments won't happen when still 1/3 of UK citizens haven't even changed their spending habits yet (BBC survey, today) The real sh$t is only just starting to hit the fan, and its uncertain quite how bad it will or won't get. That said, today was one step further along the road to armageddon. Link to comment Share on other sites More sharing options...
headmelter Posted October 6, 2008 Report Share Posted October 6, 2008 Has the DOW just dipped to 4 digits? No smack down yet? Link to comment Share on other sites More sharing options...
bitbigt Posted October 6, 2008 Report Share Posted October 6, 2008 This isn't really the place to discuss this, but do you think OILB would be a good place to stick a few quid for the medium term (say, a couple of years or so)? Hi - I'm not confortable to give 'advice', but would just refer you to my own actions and emphasise that - I can afford to loose this money - I am a value investor, not a short term speculator - I expect to be buying more, bigger aliquots at lower prices (but bought some already in case it doesn't fall further) - I have a time frame of 5-10 years, and hope to make 50-100% profit on my investment Link to comment Share on other sites More sharing options...
romans holiday Posted October 6, 2008 Report Share Posted October 6, 2008 Has the DOW just dipped to 4 digits? No smack down yet? 9944. Going down like a lead balloon. I wonder where the DOW and POG will meet. Maybe 5000? Link to comment Share on other sites More sharing options...
gwizzie Posted October 6, 2008 Report Share Posted October 6, 2008 Then Kitco crashed I was about to say ah crap my wee kitco doo-dah has broken. Does this work for anyone else? Link to comment Share on other sites More sharing options...
Bobsta Posted October 6, 2008 Report Share Posted October 6, 2008 Anyone who's even mildly impressed with Gold's move in USD today really out to look at it in turdy currencies... like GBP or NZD or AUD (or NOK, which is being ripped to shreds lately). Link to comment Share on other sites More sharing options...
miccage Posted October 6, 2008 Report Share Posted October 6, 2008 After procrastinating about buying gold for nearly a year (I used to be firmly in the deflation camp) the events of the weekend finally convinced me to open a bullion vault account. Link to comment Share on other sites More sharing options...
ziknik Posted October 6, 2008 Report Share Posted October 6, 2008 I was about to say ah crap my wee kitco doo-dah has broken. Does this work for anyone else? It works. Thanks Link to comment Share on other sites More sharing options...
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