plan9 Posted January 25, 2009 Report Share Posted January 25, 2009 @ romans holiday We're wise to your kind, Sergeant Wilson, ask Jones to demonstrate the HPC gold thread aversion plan! Mr Jones, if you would be so kind: Sorry, I HAVE had a few this evening! Link to comment Share on other sites More sharing options...
Mr Pipples Posted January 25, 2009 Report Share Posted January 25, 2009 I agree that the gold price spike in Sterling can't go on forever (it would be unnatural). One should not buy in such a period really. Much better to buy on dips or in sideway periods (which we had over many many months). However, this is psychologically difficult for some people. Do you ever think to trade on the volatility with your GM stuff GF? I nearly sold at over £600 around xmas - expecting a dip... Thinking might make sense soon - but it's a tough one to call! Maybe just continue to buy on dips and hold - though it's sure tempting to trade. Link to comment Share on other sites More sharing options...
mattyboy Posted January 25, 2009 Report Share Posted January 25, 2009 Nothing here we all haven't read already, but it is always nice to see these articles popping up in the MSM - feels to me as if there has been a bit of an upsurge of late. http://online.wsj.com/article/SB123284319920613125.html What You Need to Know About Gold * Article * Comments more in Investing » By JEFF D. OPDYKE Gold shined in 2008. Could 2009 be as bright? Of all the major assets -- stocks, corporate bonds, cash and others -- gold was one of last year's few standouts. While so many investments collapsed amid the turmoil, the price of an ounce of gold posted a gain of about 4.3%. ... Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2009 Report Share Posted January 25, 2009 http://www.telegraph.co.uk/earth/environme...rers-claim.html Interesting article about lost PMs in ww2. Now why didnt they just ship paper sterling over to America? Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2009 Report Share Posted January 25, 2009 http://www.dailymail.co.uk/news/article-11...s-collapse.html Banks were 3 hours from total collapse. Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall cash withdrawals. Lord Myners was accused last night of being 'completely irresponsible' for admitting the scale of the crisis while the recession was still deepening and major institutions such as Barclays remain under intense pressure. Im suddenly not so keen to sell my gold back into sterling! Link to comment Share on other sites More sharing options...
notanewmember Posted January 25, 2009 Report Share Posted January 25, 2009 Sunken treasure... Neat story. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 25, 2009 Author Report Share Posted January 25, 2009 Do you ever think to trade on the volatility with your GM stuff GF? I nearly sold at over £600 around xmas - expecting a dip... Thinking might make sense soon - but it's a tough one to call! Maybe just continue to buy on dips and hold - though it's sure tempting to trade. I would prefer Roulette. But generally I do not gamble anyway. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 25, 2009 Author Report Share Posted January 25, 2009 http://www.dailymail.co.uk/news/article-11...s-collapse.html Banks were 3 hours from total collapse. ... It felt like it back then, didn't it? Both Royal Bank of Scotland and HBOS were nearing complete collapse - but Lord Myners, who built up his fortune during a long career in the City, said the problems ran far wider. Link to comment Share on other sites More sharing options...
Mr Pipples Posted January 25, 2009 Report Share Posted January 25, 2009 I would prefer Roulette. But generally I do not gamble anyway. Yes, that's how it would feel... Especially when this stuff is stated: http://www.dailymail.co.uk/news/article-11...s-collapse.html Banks were 3 hours from total collapse. Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall cash withdrawals. Lord Myners was accused last night of being 'completely irresponsible' for admitting the scale of the crisis while the recession was still deepening and major institutions such as Barclays remain under intense pressure. Im suddenly not so keen to sell my gold back into sterling! Link to comment Share on other sites More sharing options...
Mr Pipples Posted January 25, 2009 Report Share Posted January 25, 2009 Technically Precious with Merv - http://www.safehaven.com/article-12414.htm He's... Bullish. EDIT: And so's he: Honest Money Gold and Silver Report: Market Wrap Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2009 Report Share Posted January 25, 2009 It felt like it back then, didn't it? It feels like it now tbh with bank bailout 2! They just learnt to gag the news from getting out. With all the latest stories about the pound being finished and bankrupt Bitain, I would have thought the "major depositors, RBS's creditors in New York and Tokyo" would have withdrawn already. Link to comment Share on other sites More sharing options...
bakachu Posted January 25, 2009 Report Share Posted January 25, 2009 Gold(finger's) Mercedes C63 spotted in... where else? Dubai Looks shiny. I guess its not one of those cars being left abandoned at the airport! Link to comment Share on other sites More sharing options...
Pixel8r Posted January 25, 2009 Report Share Posted January 25, 2009 Do you ever think to trade on the volatility with your GM stuff GF? I nearly sold at over £600 around xmas - expecting a dip... Thinking might make sense soon - but it's a tough one to call! Maybe just continue to buy on dips and hold - though it's sure tempting to trade. Why not just swap metals using the Gold to Silver ratio as a guide. Then you get to play the market and stay in metal, rather than paper. The commissions on exchanging metal are a lot less than swapping paper to metal. Link to comment Share on other sites More sharing options...
creditcrunch Posted January 25, 2009 Report Share Posted January 25, 2009 Why not just swap metals using the Gold to Silver ratio as a guide. Then you get to play the market and stay in metal, rather than paper. The commissions on exchanging metal are a lot less than swapping paper to metal. It sound like a good idea to me... i am just missing information. What about the VAT on silver? Jumping from silver to gold and back for me would be very difficult. Link to comment Share on other sites More sharing options...
warpig Posted January 25, 2009 Report Share Posted January 25, 2009 http://www.telegraph.co.uk/earth/environme...rers-claim.html Interesting article about lost PMs in ww2. Now why didnt they just ship paper sterling over to America? Link to comment Share on other sites More sharing options...
Catflap Posted January 25, 2009 Report Share Posted January 25, 2009 You gotta be in it to win it. Buy on dips and when gold ranges sideways. Then relax. Yes, good advice G0ldfinger - if you can understand the seasonals then even better. Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2009 Report Share Posted January 25, 2009 Im feeling very possitive about a decent gold rally from here. What do others think? Link to comment Share on other sites More sharing options...
headmelter Posted January 25, 2009 Report Share Posted January 25, 2009 Im feeling very possitive about a decent gold rally from here. What do others think? What are the odds on a sterling rally at the same time? Link to comment Share on other sites More sharing options...
dietcolaaddict Posted January 25, 2009 Report Share Posted January 25, 2009 I think now may be a good time for profit-taking. Personally, I am a buy-and-hold guy and I will put up with any short-term rally in sterling for now. Link to comment Share on other sites More sharing options...
azazel Posted January 25, 2009 Report Share Posted January 25, 2009 What are the odds on a sterling rally at the same time? Yer, I guess its sods law but why would sterling rally? Because dollars fall? I cant see sterling going up much, its more likely to go down to parity with the euro, but who knows? Link to comment Share on other sites More sharing options...
Pixel8r Posted January 25, 2009 Report Share Posted January 25, 2009 double post Link to comment Share on other sites More sharing options...
Pixel8r Posted January 25, 2009 Report Share Posted January 25, 2009 It sound like a good idea to me... i am just missing information. What about the VAT on silver? Jumping from silver to gold and back for me would be very difficult. He was talking about goldmoney accounts, there is no vat on silver at GM. Swapping both ways is easy and cheap. Link to comment Share on other sites More sharing options...
Pixel8r Posted January 25, 2009 Report Share Posted January 25, 2009 Yes, good advice G0ldfinger - if you can understand the seasonals then even better. The season movements in metals hasn't happened this year, maybe down to the credit crunch. Link to comment Share on other sites More sharing options...
romans holiday Posted January 25, 2009 Report Share Posted January 25, 2009 Why not just swap metals using the Gold to Silver ratio as a guide. Then you get to play the market and stay in metal, rather than paper. The commissions on exchanging metal are a lot less than swapping paper to metal. Or again, buy some US dollars and then use the volatility between it and gold. Only with a smaller percentage of your position of course. Also easily done on goldmoney. Link to comment Share on other sites More sharing options...
sash777 Posted January 25, 2009 Report Share Posted January 25, 2009 Personally I think the long-term trend is clearly up, and with CG talking £720, not sure it's worth trying to play the dips. Too volatile and unpredictable just now. Link to comment Share on other sites More sharing options...
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