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Forget investing in gold mines, Im investing in sewage.

 

http://www.reuters.com/article/oddlyEnough...E50T56120090130

 

 

Do you want to extract it :lol::lol::lol::P

 

But seriously Japans rubbish dumps are apparently full of PM's, they have specialist dumps for hi tech waste, apparently

 

Unlike UK which has warehouses full of household recycling sacks which are full of old paper and cr*p which is useless right now with the low oil price

 

 

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It's a little early for April Fools isn't it? :P The only way I'll believe you is if you find a stash!

 

Just out of interest the text you mention below "In case you don't know..." is this the text of the book or is this hand written?

 

BTW - I had a delivery this morning and the 2009 Britannias are very nice!

This was exactly what was written in the book. The Penguin Classics translated by E.F. Watling. Sorry, OT..

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I have a Goldmoney account but am now baulking at the cost involved of buying digital gold.

 

Looks like to buy between £6k - £60k worth I have to pay approx 4.2% (fees and spread combined) or approx 3.7% if I pay in Usd.

 

Typically how much over spot would you pay to buy physical bars?

 

2.7% max buying charge for gold on GM - you won't get it in your hands for anywhere near that amount...

 

 

 

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US POG looks very strong at the moment. It seems to have weathered a period of downward volatility [August to December] where it was being sold off due to forced liquidation on the one hand and bouncing back on the other due to demand for it as a safe haven.

 

The last couple of months sees it in an upward trend. I have a chunk of change in US dollars and was hoping to buy in at $800 but I think I will just buy in now. Seems to me it is consolidating its safe haven status and looks likely to go through $1000 soon. I imagine if that is the case it will find a wide trading channel for a while beyond the previous one.

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2.7% max buying charge for gold on GM - you won't get it in your hands for anywhere near that amount...

 

GM charge 2.7% for buying between £6k-£60k , but remember you also are crossing approx 1.5% spread versus spot. Thats why I said you are down 4.2% on the trade

 

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I have a Goldmoney account but am now baulking at the cost involved of buying digital gold.

 

Looks like to buy between £6k - £60k worth I have to pay approx 4.2% (fees and spread combined) or approx 3.7% if I pay in Usd.

Typically how much over spot would you pay to buy physical bars?

 

I still like buying GLD and maybe GBS.L and of course Gold shares

 

I am studying the products of our new advertiser on GEI:

http://www.PreciousMetalsClub.com (see button at top)

&

new thread: http://www.greenenergyinvestors.com/index.php?showtopic=5873

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Is this coin for real

It's also 99.999% pure! From Wikipedia:

 

On May 3, 2007, the Royal Canadian Mint unveiled a Gold Maple Leaf coin with a face value of One Million Dollars,[1] though the gold content was worth over $2 million at the time. It measures 50 cm in diameter by 3 cm thick and weighs 100 kilograms, with a purity of 99.999%. The artist is Stanley Witten. The coin is mainly a promotional product to give the mint a higher international profile.[1] The 100-kilogram coin was conceived as a one-off showpiece to promote the mint's new line of 99.999 per cent pure one ounce Gold Maple Leaf bullion coins[1] but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them for between $2.5 million and $3 million. As of May 3 2007 there were five confirmed orders.

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Dr Bubb - I am inclined to agree with you re: the altogether too great a consensus emerging in the MSM on the predicted increase in the gold price - here is another example in the Telegraph today:

Questor: how to play the coming gold price jump

Questor explains why it thinks gold is a good investment and the options available to those looking to invest.

http://www.telegraph.co.uk/finance/markets...price-jump.html

 

what to do?

Also note that Goldman sachs have followed UBS and upped their '09 average price prediction for gold to $1000 from $700 - doing the opposite of what Goldman say is usually the go!

 

Of course on the forex markets just as soon as the press all decided the AUD would break parity with USD (at 98c) it promptly dropped to 60 odd, same story GBP/EUR.

 

Still - I am not selling my gold. Maybe this really is where it goes mainstream.

 

matt

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Trying to be constuctive, Kers charts would be welcome if he said "this is what I think charts suggest, but this is what I think long term due to fundamentals". If he was clear on what his veiws are regarding the big picture then we might be able to see if he has a bias with his charts. His bais seems to be gold negative based on most of his posts. Im sure he is reading these comments and I welcome a comment from him in response too these posts.

 

Ker, if you are long term gold bear then you would find a greater audience at hpc with youre charts.

 

If you are short term bear then explain how you think short and medium term fit into a bullish long term view.

 

I personally like your charts, all the pretty colours and lines look nice.

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GM charge 2.7% for buying between £6k-£60k , but remember you also are crossing approx 1.5% spread versus spot. Thats why I said you are down 4.2% on the trade

GM charges at most 2.74% over spot (less for larger orders down to a minimum of 0.98% over spot).

 

They buy back at spot. So at most you are down by 2.74% of the spot price when you buy.

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Dr Bubb - I am inclined to agree with you re: the altogether too great a consensus emerging in the MSM on the predicted increase in the gold price - here is another example in the Telegraph today:

 

<a href="http://www.telegraph.co.uk/finance/markets/questor/4512793/Questor-how-to-play-the-coming-gold-price-jump.html" target="_blank">http://www.telegraph.co.uk/finance/markets...price-jump.html

</a>

 

what to do?

Also note that Goldman sachs have followed UBS and upped their '09 average price prediction for gold to $1000 from $700 - doing the opposite of what Goldman say is usually the go!

 

Of course on the forex markets just as soon as the press all decided the AUD would break parity with USD (at 98c) it promptly dropped to 60 odd, same story GBP/EUR.

 

Still - I am not selling my gold. Maybe this really is where it goes mainstream.

 

matt

 

The last Telegraph gold article came smack bang in front of a massive sell-off. I'm wary of this price action as it just seems too obvious, and by extension has a high chance of being a sucker move for johnny-come-lately bulls.

 

You're right though, at some point gold will have to start getting mainstream acceptance in order to truly blast to new highs. Now seems as good a time as any (fingers crossed). ;)

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The last Telegraph gold article came smack bang in front of a massive sell-off. I'm wary of this price action as it just seems too obvious, and by extension has a high chance of being a sucker move for johnny-come-lately bulls.

 

You're right though, at some point gold will have to start getting mainstream acceptance in order to truly blast to new highs. Now seems as good a time as any (fingers crossed). ;)

i'm with Jim

 

 

Gold disconnects from US$

The gold price withstood the counter-trend US$ rally. While the buck has undergone a retest, gold has risen and not looked back, as though the US$ has become an irrelevance. IT HAS! This is great news! We are at the doorstep of a powerful gold rally, one that will see a silver rally accompany. New highs are soon to come! We are the doorstep of a powerful gold rally on a global scale, where gold rises in ALL currencies. The gold move in US$ terms is last, but guaranteed! The fundamentals of the US$ are fifteen steps beyond miserable. The technicals in the chart are looking tremendous. The psychology is aligned for a powerful move on a global scale, undeniable even to the most ignorant commentators in the financial press.

GOLD BREAKOUT IN FOREIGN CURRENCIES

 

This is the biggest story in England not told, the gold breakout. True to form, the gold price has seen a powerful breakout in the nation whose financial foundation has been destroyed more rapidly than any other nation on the planet, except the Untied States of America. After a serious hesitation in December, when the gold price in London experienced a spastic episode, unsure of its direction, probably endofyear squaring, gold has launched into a powerful breakout. The most vivid and strongest breakout for gold in foreign currencies has been in terms of the British. The pound sterling has suffered a severe pounding, precisely as forecasted in the Hat Trick Letter for over a year, when at over 200 in late 2007, my forecast was for a step by step painful decline below 150. The sterling currency has no advantage of lift from liquidations or payment of Credit Default Swaps, nor a hunkering down into the global reserve bond, like the USDollar does. One should begin to ask the question whether England, the Untied States, and Mexico will be the next failed states behind Iceland!!! The gold in pound sterling chart provides a vivid preview of the gold price in US$ terms, soon enough.

 

A similar graphic can be seen for gold in terms of other major currencies. Gold in euros, gold in Swiss francs, gold in Aussie Dollars, they are all in breakout. The laggard is the gold price in US$ terms, since the global financial breakdown has led to bizarre counter-intuitive demand for USDollars. Gold will next benefit enormously from the movement out of USTreasury Bonds, which have topped. No such thing exists as Flight to Quality or Flight to Safe Haven. The only flight of money is out of bonds not guaranteed by the USGovt, the German Govt, or the Japanese Govt. THE DEATH OF YOUR NEIGHBOR DOES NOT JUSTIFY A CLAIM OF YOUR OWN IMPROVED HEALTH. We are witnessing precisely the effects of competing currency wars, the competitive devaluations, the beggar thy neighbor. The financial press has yet to learn this concept. But then again, they are paid not to do so!

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Trying to be constuctive, Kers charts would be welcome if he said "this is what I think charts suggest, but this is what I think long term due to fundamentals". If he was clear on what his veiws are regarding the big picture then we might be able to see if he has a bias with his charts. His bais seems to be gold negative based on most of his posts. Im sure he is reading these comments and I welcome a comment from him in response too these posts.

 

Ker, if you are long term gold bear then you would find a greater audience at hpc with youre charts.

 

If you are short term bear then explain how you think short and medium term fit into a bullish long term view.

 

I personally like your charts, all the pretty colours and lines look nice.

 

Fundamentals will out, the fundamentals with gold are good now and short term trading in the stuff is for idiots or those much cleverer than I could ever be.

 

I was asked tonight what is my exit strategy with gold - I said you don't sell your insurance policy.

 

Is that right?

 

 

 

 

 

 

 

 

 

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yes, I remember that. when gold hit $1000 they printed a huge picture of a bar of gold, not on the front of the business section, but on the front page of the main section for all to see.

When gold hits $1250 I will watch out for gold pictures in the telegraph. :P

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Trying to be constuctive, Kers charts would be welcome if he said "this is what I think charts suggest, but this is what I think long term due to fundamentals". If he was clear on what his veiws are regarding the big picture then we might be able to see if he has a bias with his charts. His bais seems to be gold negative based on most of his posts. Im sure he is reading these comments and I welcome a comment from him in response too these posts.

 

Ker, if you are long term gold bear then you would find a greater audience at hpc with youre charts.

 

If you are short term bear then explain how you think short and medium term fit into a bullish long term view.

 

I personally like your charts, all the pretty colours and lines look nice.

 

I doubt you will get a response, he doesn't come with much other than charts and one liners. TA that only he understands, while ignoring the obvious.

 

:lol: :lol: :lol:

 

 

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