GOLD

[Pluto]

You have to laugh at CNBC, yesterday they were saying that PMs are the safety net for investors and folks should have 10-15% in their portfolios (portfolios = grab-bag full of wall street tat) and today they are saying that commodities are going to crash. Meanwhile the real news is Citibank needs more cash - much more cash - otherwise it is going to collapse.

 

Between Citi and Intel, this dynamic duo should stink the market up good and proper today.

 

http://www.247wallst.com/2008/03/citigroup-c-wil.html

 

The biggest question running around Wall St. is how much more cash is going to have to go into the sink hole of banks, brokerages, and insurance companies. The estimates for further subprime write-downs run into the tens of billions of dollars. The big wave of consumer credit card defaults is only starting to hit now. There are derivatives built around these pools of debt as well.

[G0ldfinger]

Yes, all strange stuff.

...

Over at HPC they have now deleted all my PMs and removed the PM facility. Although I only sent one PM to a member today in order to leave a trace.

 

Never thought I would have to say this, but these guys remind me of a certain subdivision of the police back in Germany some 70 years ago.

[G0ldfinger]

...

Like you Goldfinger, I am looking at the time when you can get a house outright for 70-100oz. I never discuss this with anyone though. What is the point trying to talk to sheep? They haven't a clue.

 

With the Peak Oil slant to this, I think we might see houses falling to lower than we expect in gold terms, within five years.

I think you could be right. I sometimes don't want to scare people, but I think this time is worse than in the 70s. So, if houses fell to 80oz back then, it could be a bit less this time.

 

Regarding the 'sheep', I deal with them every day and sometimes feel the urge to 'educate' them.

[Saberu]

Over at HPC they have now deleted all my PMs and removed the PM facility. Although I only sent one PM to a member today in order to leave a trace.

 

They are simply protecting their investment in the community which generates millions of pounds per year for them through advertising revenue. I think it was a very sudden reaction without much justification hence there is a chance that Financial Planner (the owner of HPC) was bribed by an outside source to hush up the gold thread.

 

I know it seems far fetched but if you believe the gold price is being suppressed then it's not a big jump to realise the possibility of this happening, the HPC forums get a huge number of visitors and thats set to increase substantially in future as the crash unfolds. See my previous post for details about how we can make as much as HPC is making from house prices, by making a forum for gold on it's way up, I'm an expert at marketing.

[Magpie]

Over at HPC they have now deleted all my PMs and removed the PM facility. Although I only sent one PM to a member today in order to leave a trace.

 

Never thought I would have to say this, but these guys remind me of a certain subdivision of the police back in Germany some 70 years ago.

 

Ah yes, that's standard practise too I'm afraid. Infuriating in cases where you have no other means of contacting someone. One of our posters even had a PM he'd sent censored before his PM facility was blocked.

 

If you're wondering what your crime is, you could refer to the HPC Forum Rules:

 

"Any posts questioning a moderators decision, or the forum rules, will be deleted."

[G0ldfinger]

Well I did just that over the weekend with the feeling that it was a touch overbought, expecting a small but useful pull back.... still waiting...it just doesn't want to stop! That F-14 has got to come back in to re-full at somepoint, surely. Or are we never to see sub $20 an ounce again?

 

I'm working out when to bite the bullet and jump back in, at this rate I'm missing out big time!

I would only change silver for gold, not for paper. But to change it for gold does not make sense if this development here continues.

 

[Pluto]

Over at HPC they have now deleted all my PMs and removed the PM facility. Although I only sent one PM to a member today in order to leave a trace.

 

Never thought I would have to say this, but these guys remind me of a certain subdivision of the police back in Germany some 70 years ago.

 

I believe in their rights to do as they please with their web site - as they pay the bills. That is why when they start acting like pimpled faced teenagers I left rather than getting into pleading with them to not act like fools. HPC used to be a good source of info on the UK property crash, but not anymore, its all over the TV and Newspapers. Infact, HPC looks almost bullish now, with threads like "is it ready to buy now". Without the intelligent posters on economic and trading subjects that site is going to some way of UK property - collapse!

[Magpie]

They are simply protecting their investment in the community which generates millions of pounds per year for them through advertising revenue. I think it was a very sudden reaction without much justification hence there is a chance that Financial Planner (the owner of HPC) was bribed by an outside source to hush up the gold thread.

 

FP is definitely not the owner of HPC. Also I genuinely doubt that they make millions out of it, though obviously there is some revenue. But I think the moderators are unpaid - so long as I know apart from the original owner being bought out, the financial interest now is all in Fubra.

 

Consa might know more than me.

[Saberu]

FP is definitely not the owner of HPC. Also I genuinely doubt that they make millions out of it, though obviously there is some revenue. But I think the moderators are unpaid - so long as I know apart from the original owner being bought out, the financial interest now is all in Fubra.

 

Consa might know more than me.

 

OK my bad, I just assumed he was the real owner. But they DO make millions of pounds out of it, thats a fact. Google adsense pays very highly for financial related adverts, we are talking between 50p-£2 per click. An average click through ratio for a website is 2.2%, do you want to do the maths or shall I? Then they earn even more from the non-Google adverts.

 

I'm already heavily into internet marketing and I know what I'm talking about, is Fubra a person or a company? If it's a company then that makes things even more suspicious.

[G0ldfinger]

They are simply protecting their investment in the community which generates millions of pounds per year for them through advertising revenue. I think it was a very sudden reaction without much justification hence there is a chance that Financial Planner (the owner of HPC) was bribed by an outside source to hush up the gold thread.

 

I know it seems far fetched but if you believe the gold price is being suppressed then it's not a big jump to realise the possibility of this happening, the HPC forums get a huge number of visitors and thats set to increase substantially in future as the crash unfolds. See my previous post for details about how we can make as much as HPC is making from house prices, by making a forum for gold on it's way up, I'm an expert at marketing.

Interesting stuff. Magpie however thinks FP is not the owner, and the mods are mostly unpaid. Possibly after all it's just Oldie who got annoyed by something.

 

EDIT: Need some lunch now. Back later.

[ConvertedGoldBug]

Goldfinger,

 

I was wondering what your percentage split is between gold and silver?

 

Also, i've read in various places that Silver ETFs are easier for people because of the logistics of storing large quantities of silver considering it is so much cheaper than gold... but why is this recommended if other people say that it is better to hold physical gold instead of "paper" gold?

 

What would happen in a potential gold confiscation scenario? Would gold lose it's value? And for how long before recovering? And if gold loses it's value, then presumably Silver would as well (and the other non-monetary precious metals like platinum or palladium)? But if Silver is money as well as Gold, would Silver get confiscated?

 

I'm thinking silver is going to be my ISA investment for 7k in an ETF in April (already holding large quantities of precious metal ETFs, and wanted to pick on an individual metal rather than a "basket").

[consa]

FP is definitely not the owner of HPC. Also I genuinely doubt that they make millions out of it, though obviously there is some revenue. But I think the moderators are unpaid - so long as I know apart from the original owner being bought out, the financial interest now is all in Fubra.

 

Consa might know more than me.

The webmaster here is the original HPC webmaster I believe he helped Drbubb set this forum up, correct that FP does not own HPC and correct again the 'commercialised' HPC financial interest now is all in Fubra, fubra are

arsholes

in it for financial gain only, The_Oldie is an out and out prick (sorry Doc)

[Saberu]

Interesting stuff. Magpie however thinks FP is not the owner, and the mods are mostly unpaid. Possibly after all it's just Oldie who got annoyed by something.

 

EDIT: Need some lunch now. Back later.

 

So FP isn't the owner then fair enough, but someone is. The mods are unpaid because the forum owners are tight bastards and won't pay them despite earning lots of money out of it. I'll still be going ahead with my forum idea with or without you, I just wanted you onboard because I think you are a great poster especially when it comes to gold and I assumed you'd want to earn money out of posting. Consa knows what he's talking about, and you can bet Financial Planner earned money out of his publicising of the website.

 

I'm also planning to put very useful graphs on the site, including one which compares gold to average house prices and is updated every hour.

[consa]

So FP isn't the owner then fair enough, but someone is. The mods are unpaid because the forum owners are tight bastards and won't pay them despite earning lots of money out of it. I'll still be going ahead with my forum idea with or without you, I just wanted you onboard because I think you are a great poster especially when it comes to gold and I assumed you'd want to earn money out of posting.

Fubra owns HPC. Don't be misguided, forum's are not an easy street to riches and they take time and resources and if there was enough in it - sure mods would be paid, don't get excited magpie

[Magpie]

Fubra owns HPC. Don't be misguided, forum's are not an easy street to riches and they take time and resources and if there was enough in it - sure mods would be paid, don't get excited magpie

 

Don't fret, I wasn't asking for money. I do it for the love of it.

 

Oh, and because I like the power trip.

[Goldilocks]

Hi

I wonder how long it will take this new gold forum to reach 500+ pages.

 

Nice to see all the smart goldbugs from HPC here, and to have no trolls and spoilers trying to whine you's up with the same boring snide insulting remarks.

Well i have done well in the pass year, i am 99% invested in gold & silver in a allocated account somewhere i have made about 15k+ in gold and in my kiddies acount in silver they have made 5k in the last 4 mnts.

I think it will be a bit more pleasant here,and we even have are own radio show promoting gold etc.

Thanks goldfinger and co for all your imput into the hpc gold thread,nice to start afresh again, iw onder if cgnao will be here,as i like his imput and warnings although he did often get set upon by the attack dogs eg the vi's in financial institutions.

Hpc is just like Faux news and won't bite the advertisers hand that feeds them,so the gold thread had to be pushed around,as with certain posters. (We wuz only following orders) .

 

By the way if any of you's are looking a couple of 1oz real money kruggers, there is a fellow i know selling 2 of them on ebay,and one of them is setting on a piece of bogroll,and at the starting bid of 400 pieces of paper promises,totally trustworthy this chappie, be free to bid and push the price up to what it really shoul be worth without the cartels intervention. 10,000+

[G0ldfinger]

So FP isn't the owner then fair enough, but someone is. The mods are unpaid because the forum owners are tight bastards and won't pay them despite earning lots of money out of it. I'll still be going ahead with my forum idea with or without you, I just wanted you onboard because I think you are a great poster especially when it comes to gold and I assumed you'd want to earn money out of posting. Consa knows what he's talking about, and you can bet Financial Planner earned money out of his publicising of the website.

 

I'm also planning to put very useful graphs on the site, including one which compares gold to average house prices and is updated every hour.

So, I would be a paid poster? Sounds almost too good to be true. I guess Consa has a point in saying that it is difficult to make money from Web Forums. I would guess the number of visitors and percentage of clicks does not sum up to that much in the end. Being a paid cheerleader also wouldn't be my thing, since I write what I think regardless of what other people want me to think.

 

Well, anyway, I am always interested in business ideas. And, yes, I have been paid before to produce charts (but not such that got posted on the web ). If you wanted to tell me more and not on the board, you could possibly use the PM facility here (I assume it works, haven't used it yet).

[G0ldfinger]

Goldfinger,

 

I was wondering what your percentage split is between gold and silver?

 

Also, i've read in various places that Silver ETFs are easier for people because of the logistics of storing large quantities of silver considering it is so much cheaper than gold... but why is this recommended if other people say that it is better to hold physical gold instead of "paper" gold?

 

What would happen in a potential gold confiscation scenario? Would gold lose it's value? And for how long before recovering? And if gold loses it's value, then presumably Silver would as well (and the other non-monetary precious metals like platinum or palladium)? But if Silver is money as well as Gold, would Silver get confiscated?

 

I'm thinking silver is going to be my ISA investment for 7k in an ETF in April (already holding large quantities of precious metal ETFs, and wanted to pick on an individual metal rather than a "basket").

 

At the moment I am heavily in silver. For each ounce gold I own roughly 49oz silver. This is not for everyone because of silver's volatility. But it has more potential. I own silver through GoldMoney, I have no ETFs. They are a little suspicious to me.

 

I do not believe in confiscation, since central banks today can just create money if they wanted to buy gold (i.e. monetize it), and they can always inflate the amount of paper money. Back in the 1930s on the gold standard prevent such things, therefore to inflate they had to confisate (in the US). Even then, people got 'paid' for their gold in paper at the set price, only later they changed that price which caused the actual rip-off.

[Jacko]

I would only change silver for gold, not for paper. But to change it for gold does not make sense if this development here continues.

 

 

Those charts you keep bringing up a very compelling GF, long term I'm in complete agreement with you, but short term, can increases like this be sustained without some sort of intermediate sell off?

[consa]

Yes, I have a thread on this topic here. Maybe I should update it a little or get it over here.

 

http://goldismoney.info/forums/showthread.php?t=195370

Maybe you could get the WM here to lift the thread from HPC and plonk it on here

[Pluto]

At the moment I am heavily in silver. For each ounce gold I own roughly 49oz silver. This is not for everyone because of silver's volatility. But it has more potential. I own silver through GoldMoney, I have no ETFs. They are a little suspicious to me.

 

I do not believe in confiscation, since central banks today can just create money if they wanted to buy gold (i.e. monetize it), and they can always inflate the amount of paper money. Back in the 1930s on the gold standard prevent such things, therefore to inflate they had to confisate (in the US). Even then, people got 'paid' for their gold in paper at the set price, only later they changed that price which caused the actual rip-off.

 

You're right to be suspicious of silver ETF. SLV the biggest silver ETF is owner by...yep..Barclays.

[narco]

Dow = Turd / Cliff

 

-140.27 (1.14%)

[G0ldfinger]

WOW! The cartel is really having a go at it today. Gold at $970.

[G0ldfinger]

Those charts you keep bringing up a very compelling GF, long term I'm in complete agreement with you, but short term, can increases like this be sustained without some sort of intermediate sell off?

Here's the sell-off.

[Jacko]

Here's the sell-off.