ziknik Posted July 14, 2009 Report Share Posted July 14, 2009 I thought they buy their physical through exchanges and take delivery? So if they use Comex, they can't be sure they get the real stuff? GoldMoney uses the London Bullion Market in Europe (?) I'm not sure what they do for their US customers. Edit after post below We buy gold and silver in the London and Zurich markets and we are daily replenishing this inventory, which we resell to our customers. All bars we purchase meet the standards of the London Bullion Market Association. There is no minimum or maximum transaction for our customers. Link to comment Share on other sites More sharing options...
notanewmember Posted July 14, 2009 Report Share Posted July 14, 2009 Come on, understanding what you are investing in is the No.1 rule ? I've no idea how Goldmoney works - can someone verify? I have no money in this company. Link to comment Share on other sites More sharing options...
alexreeve Posted July 14, 2009 Report Share Posted July 14, 2009 I thought they buy their physical through exchanges and take delivery? So if they use Comex, they can't be sure they get the real stuff? Goldmoney buy physical bullion from the spot markets. The article posted refers specifically to the FUTURES market. Link to comment Share on other sites More sharing options...
chazza Posted July 14, 2009 Report Share Posted July 14, 2009 GoldMoney uses the London Bullion Market in Europe Goldmoney buy physical bullion from the spot markets. The article posted refers specifically to the FUTURES market. Good points. Thanks guys Link to comment Share on other sites More sharing options...
romans holiday Posted July 14, 2009 Report Share Posted July 14, 2009 Good news people! Gold has "arrived" and is finally going mainstream. Have been listening to CNBC tonight and every break they are running an ad for "thegoldbug.com". Gold is finally respectable. Expect the general public to become more aware of gold as an investment vehicle and institutional investors starting to move in. This would have to build for a year or two before we see the beginning of any manic phase. http://thegoldbug.com/ Link to comment Share on other sites More sharing options...
wren Posted July 14, 2009 Report Share Posted July 14, 2009 A special report on gold from the Erste Group. I haven't read it yet, maybe tomorrow. From July 2009, it is a 55-page pdf: http://www.bgmi.us/data/2009SpecialReportGOLD.pdf Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 15, 2009 Report Share Posted July 15, 2009 A special report on gold from the Erste Group. I haven't read it yet, maybe tomorrow. From July 2009, it is a 55-page pdf: http://www.bgmi.us/data/2009SpecialReportGOLD.pdf Oh damn, I have other things to do, and that looks like a must read Thanks Link to comment Share on other sites More sharing options...
drbubb Posted July 15, 2009 Report Share Posted July 15, 2009 New GoldStock-beta website ! I have just finished a Beta version mock-up of the new GS website Please have a look :: http://goldstock.co.uk/gsnew.htm I have included loads of charts that should be interesting to many GEI posters. COMMENTS are most welcome please Link to comment Share on other sites More sharing options...
PricedOutNative Posted July 15, 2009 Report Share Posted July 15, 2009 Good work! It’s nice to have all that info on one page. Have to say I’m impressed with the effort you put into your online presence! New GoldStock-beta website ! I have just finished a Beta version mock-up of the new GS website Please have a look :: http://goldstock.co.uk/gsnew.htm I have included loads of charts that should be interesting to many GEI posters. COMMENTS are most welcome please Link to comment Share on other sites More sharing options...
aardvark Posted July 15, 2009 Report Share Posted July 15, 2009 New GoldStock-beta website ! I have just finished a Beta version mock-up of the new GS website Please have a look :: http://goldstock.co.uk/gsnew.htm I have included loads of charts that should be interesting to many GEI posters. COMMENTS are most welcome please thats a lot of useful info there Drbubb, its gonna take me a while to look through it and figure out what it all means! Link to comment Share on other sites More sharing options...
drbubb Posted July 15, 2009 Report Share Posted July 15, 2009 Beta- GS-site : http://tinyurl.com/goldstock thats a lot of useful info there Drbubb, its gonna take me a while to look through it and figure out what it all means! Concentrate on the charts - You can get a quick overview in a glance or two what's happening around the Markets. I will probably change the stock charts at the bottom and am looking for suggestions of which stock charts to cover. Right now, I track all the Gold etfs, and that's not necessary, since they all key off The Major Gold regional etfs: GLD, GBS.L, and HK:2840 Link to comment Share on other sites More sharing options...
Mr Pipples Posted July 15, 2009 Report Share Posted July 15, 2009 Getting to the bottom of negative gold-leasing rates - http://ftalphaville.ft.com/blog/2009/07/15...-leasing-rates/ By the time I'd finished reading it I was like this Contango fandango sumat innit Link to comment Share on other sites More sharing options...
littledavesab Posted July 15, 2009 Report Share Posted July 15, 2009 Beta- GS-site : http://tinyurl.com/goldstock Concentrate on the charts - You can get a quick overview in a glance or two what's happening around the Markets. I will probably change the stock charts at the bottom and am looking for suggestions of which stock charts to cover. Right now, I track all the Gold etfs, and that's not necessary, since they all key off The Major Gold regional etfs: GLD, GBS.L, and HK:2840 First time I have looked - looks OK A nice chart of Gold & Silver in GBP would be appreciated - is never that easy to find these for some reason + I note on the website you have a Forums link and the following mentioned: Kitco : G'Pot : F'Sense I generally think of forums as discussion forums like www.greenenergyinvestors.com (missing) from the link - didnt know F'Sense had a forum ? (link doesnt work anyway) Link to comment Share on other sites More sharing options...
warpig Posted July 15, 2009 Report Share Posted July 15, 2009 Seems plausible, but I'm not sure if it's correct or not. Getting to the bottom of negative gold-leasing rates - http://ftalphaville.ft.com/blog/2009/07/15...-leasing-rates/ By the time I'd finished reading it I was like this Contango fandango sumat innit Link to comment Share on other sites More sharing options...
electroweak Posted July 15, 2009 Report Share Posted July 15, 2009 Something here smells bad to me.. CME to run OTC London gold forward clearing service 15 Jul 2009 - 21:59 NEW YORK, July 15 (Reuters) - CME Group Inc said it will offer clearing services for over-the-counter (OTC) London gold forwards, as the largest U.S. commodities exchange aimed at expanding its gold trading operation. The clearing services will start on Aug. 23 for trade date of Aug. 24, Chicago-based CME Group said in a statement dated Tuesday. CME said that the new service was a direct response to customers' need to manage counterparty credit exposure. The company said the contracts will be made available for clearing on COMEX through the CME ClearPort platform. In June, CME Chief Executive Craig Donohue told Reuters in an interview that the company had a lot of potential to foray into gold trading business in the London market. While London's over-the-counter spot bullion market still has the highest market share in terms of global gold trading, COMEX futures have been gaining importance as a benchmark among bullion traders in Asia. COMEX volume has been picking up since it went 24 hours in late 2006. Link to comment Share on other sites More sharing options...
wren Posted July 15, 2009 Report Share Posted July 15, 2009 Oh damn, I have other things to do, and that looks like a must read I've read only the first 15 pages but it seems like a good overview. However, nothing really new to those here who follow gold closely. Plenty of up-to-date charts and histograms. Probably a good overview for those new to gold. It shows how gold is generally in the long-term not correlated with other asset classes or even GDP, so it performs very well as a hedge against other asset classes. Long-term bullish. They anticipate USD 2300 gold in today's dollars (using the 1980 peak, inflation adjusted) in the coming years. I noticed that their discussion of gold in deflations considered only the Great Depression. Gold has a much longer track record of performing well in deflations and many who have not studied gold seriously are unaware of that important historical fact. As I like to say, gold is a hard currency, the hardest of currencies. So it's no surprise that it performs well in deflationary periods. Link to comment Share on other sites More sharing options...
Chubbs Posted July 16, 2009 Report Share Posted July 16, 2009 New GoldStock-beta website ! I have just finished a Beta version mock-up of the new GS website Please have a look :: http://goldstock.co.uk/gsnew.htm I have included loads of charts that should be interesting to many GEI posters. COMMENTS are most welcome please Good to have all this in one place - just a few comments (these aren't meant to be criticisms!) - The fixed width design, although giving you control over how the page lays out, requires scrolling left/right (and I'm using a relatively high resolution setting) - The screen is incredibly busy - As mentioned, Gold/Silver in GBP would be great. Is it a lot of effort to have a duplicate page will all prices in sterling (or have a drop down menu at the top for common currencies on key charts)? Link to comment Share on other sites More sharing options...
FishingwithJesse Posted July 16, 2009 Report Share Posted July 16, 2009 Next BIG leg down in the dollar is coming.... >> $USD = 72 Sit tight.......... Last trade 79.265 Link to comment Share on other sites More sharing options...
ziknik Posted July 16, 2009 Report Share Posted July 16, 2009 http://uk.reuters.com/article/idUKLNE56F01...ndChannel=11595 Gold to shine as dollar ails LONDON (Reuters) - Gold prices are set for solid gains this year and next, with the $1,000 mark in sight, as potential inflationary concerns and a softer dollar outlook prompt analysts to ramp up forecasts, a Reuters survey showed. The poll of 48 analysts and traders showed that expectations for gold prices this year have risen 7.8 percent to a median $930 from $862.50 in a similar survey carried out in January, when fears over the economic outlook were at their height. Link to comment Share on other sites More sharing options...
Pixel8r Posted July 16, 2009 Report Share Posted July 16, 2009 US To Trade Gold Reserves For Cash Through Cash4Gold.com | The Onion - America's Finest News Source Link to comment Share on other sites More sharing options...
dst Posted July 17, 2009 Report Share Posted July 17, 2009 I haven't seen this posted: itulip's Eric Janszen gets a bit upset with a gold bashing article: Long, but worthy read IMO. Link Catching a gold basher ... It’s as if the writers of these articles intend to make gold out to be a terrible investment so that investors will be inclined to buy more of the financial products that the Wall Street Journal sells for Wall Street—stocks, bonds, and real estate. Let’s set the record straight. ... One is “lured” into buying gold while real estate, stock, and bond purchases result only from a rigorous and unbiased education in personal finance by a disinterested financial media. If you believe that, then you may also buy the notion that gold “disappoints” while stocks reward, even though as an asset class stocks have consistently disappointed investors since 1998. ... Link to comment Share on other sites More sharing options...
LauraB Posted July 17, 2009 Report Share Posted July 17, 2009 Jim Willie makes me nervous.......again http://www.marketoracle.co.uk/Article12088.html I'd go 99% gold rather than the 33% gold, dollar, euro, but there is no mention of all that paper gold & its distortion capability. Why is that I wonder?? Link to comment Share on other sites More sharing options...
romans holiday Posted July 17, 2009 Report Share Posted July 17, 2009 Jim Willie makes me nervous.......again http://www.marketoracle.co.uk/Article12088.html I'd go 99% gold rather than the 33% gold, dollar, euro, but there is no mention of all that paper gold & its distortion capability. Why is that I wonder?? A credit contraction and continued deflation will, perhaps perversely, strengthen the dollar in the short/medium term. Though I prefer to think of it as a cruel justice as a debtor nation is made to feel the squeeze. Willie's rants read like the sermons of a moralist; the US dollar ought [bangs the table] to become worthless. This is not going to happen anytime soon. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted July 17, 2009 Report Share Posted July 17, 2009 Ongoing..... Link to comment Share on other sites More sharing options...
romans holiday Posted July 17, 2009 Report Share Posted July 17, 2009 Ongoing..... Do you see deleveraging or reflation more likely Steve? Link to comment Share on other sites More sharing options...
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