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Sure is down. That is THE reason to hold physical in your hands, IMO!

 

Hmmmm. OK, so the site was down for a bit, but my gold is still physically present in the vault. There is not the equivalent of a run on the bank with allocated gold.

 

I do like the idea of physically holding some gold (esp. for late-night "my precious" moments) but if I need to sell (which I will do when I find a house I want to live in) then BV is a lot more liquid than holding physical at home. I guess the physical at home argument will really come into play if it all goes completely pear-shaped, in which case I might have to go to plan B (escape to Switzerland).

 

The BV site is definitely slow this afternoon. I'm hoping its because it is swamped with buy orders...

 

 

 

 

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Sure is down. That is THE reason to hold physical in your hands, IMO!

 

Pop. Back up. Phew. That said, the market is pretty thin and any one wanting to trade large quantities is going to be disappointed. This happened a month or so ago either side of some big price movement - fall or rise, I can't remember which. Rise I think.

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Hmmmm. OK, so the site was down for a bit, but my gold is still physically present in the vault. There is not the equivalent of a run on the bank with allocated gold.

 

I do like the idea of physically holding some gold (esp. for late-night "my precious" moments) but if I need to sell (which I will do when I find a house I want to live in) then BV is a lot more liquid than holding physical at home. I guess the physical at home argument will really come into play if it all goes completely pear-shaped, in which case I might have to go to plan B (escape to Switzerland).

 

The BV site is definitely slow this afternoon. I'm hoping its because it is swamped with buy orders...

 

Agreed. The liquidity issue is why I’m in BV rather than physical in my hands. I understand where people are coming from in terms of having your gold on you but if, as you say, it goes pear shaped I don’t think physical gold in your possession will be any more use (probably less in fact) than having cartons of ciggies and booze to trade.

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Looks like new buyers are starting to outweigh deleveraging sellers.

 

This could well signify the shift of gold as a financial asset to a real asset in the eyes of the market.

 

[is this site slow today? ... always seems to act in inverse to gold]

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I stumbled across this the other day. A copy of the original confiscation order. I thought it is quite historically interesting to look at. Thought you guys might like it if you haven't seen it before.

 

http://www.goldline.com/images/content/pre.../conf-order.pdf

 

Sorry, completely the wrong thread to post this :unsure:

And I was just starting to get excited about the price breaking out. :lol::lol:

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[is this site slow today? ... always seems to act in inverse to gold]

I find that big price movements are always accompanied by kitco crashing! :)

 

Is Gold at a peak now in pound sterling? (can't find an up-to-date graph). It must be very close otherwise

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I think we should make a collective decision to avoid rocket pics for the time being (at least until the GBP peak is conquered!)

 

For the last few months, watching the gold price has been like supporting the Scotland football team - winning the odd battle but always loosing the war!

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So was that surge on news about Citigroup? I must say that was quite exciting. Puts me into a notional profit. Not that I'm selling of course.

Coincided with a big spike in USDX, strange as it usually behaves inversely :unsure:

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So was that surge on news about Citigroup? I must say that was quite exciting. Puts me into a notional profit. Not that I'm selling of course.

 

Just checked my BV account, it was already doing well in GBP this week but it’s taken a serious turn for the better within the last 20 mins.

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Need to break out of this before getting too excited.

 

spotek0.jpg

 

The whole market is imploding. Commercial real estate is going to implode next then US treasuries - which are returning almost ZERO. According to Bernanke's testimony gold is only discussed in their meetings when central bankers talk about selling. I think Bernanke is lying, and right now they are throwing everything and the kitchen sink at Gold to keep it down in the rigged paper markets. Paper markets will implode god willing and bullion will shoot to 2,000 USD or Sterling (you pick your poison) lickety split.

 

Hold long and strong.

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The whole market is imploding. Commercial real estate is going to implode next then US treasuries - which are returning almost ZERO. According to Bernanke's testimony gold is only discussed in their meetings when central bankers talk about selling. I think Bernanke is lying, and right now they are throwing everything and the kitchen sink at Gold to keep it down in the rigged paper markets. Paper markets will implode god willing and bullion will shoot to 2,000 USD or Sterling (you pick your poison) lickety split.

 

Hold long and strong.

Totally agree, im still a buyer and will be holding firm for a good few more years until something gets resolved with regards to currencies. Today looks like a bit of a squeeze going on but i'm not feeling overly bulish just yet. I think we'll see plenty of more smackdowns on this journey.

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The Bullion Desk says it's reached $795.90. Does that count?

 

 

(Edited to change £795 to $795. If only!)

Nah, needs to be convincingly over $800. :P;)

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Just checked my BV account, it was already doing well in GBP this week but it’s taken a serious turn for the better within the last 20 mins.

 

I know how you feel. I went out to do a bit of shopping and when I came home I was <adopts Harry Enfield voice> considerably richer than when I'd left.

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Totally agree, im still a buyer and will be holding firm for a good few more years until something gets resolved with regards to currencies. Today looks like a bit of a squeeze going on but i'm not feeling overly bulish just yet. I think we'll see plenty of more smackdowns on this journey.

 

The Comex warehouse, just like fort Knox, will soon be revealed for what it is - an empty shell. Sure right now you can get your bullion in large chunks from them, but that is only because very few folks actually collect on the paper. Once the masses smell a rat, like De Gaulle did in the late 60s, the comex will default. This will be a repeat of when Nixon closed the gold window in '71.

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