GOLD

[Steve Netwriter]

I agree, please do post CGNAO posts

 

[Billy]

uranium is nailed on, read between the klues of all the bilderberg and g8 meetings etc etc

 

 

EDIT: Regarding (3), Hydrogen seems to be out of fashion. In places like California etc. the hope is to fuel these cars with solar power. My opinion is that all this will be good for not only solar energy, but also nuclear power (Uranium).

 

LOL

 

cannae happn capn! too much smog in LA for the warp drivess to work! solar power - fuggedahbboudit...

[Pluto]

 

IMO there are only 3x options:

 

1. It gets knocked down hard again, and falls to about $860, before rebounding back up.

 

2. It dips again, maybe a few times, but dips most on the next dip, but at a higher level than $905. Each successive dip would then be higher, and when it reaches the end of a coil, it then shoots up.

 

3. It just goes straight back up again.

 

Notice all 3x options result in the same thing in the end

 

Just my views

 

In my humble opinion the drop from 1,000 to 900 pulled in a lot of short sellers - especially those following the 3M T-Bill rates like Gary North et al. These recent short sellers' lolly is going to be the rocket fuel to push us well beyond 1,100 this time. The dollar is toast (the blackened and burnt variety) and Trichet is not going to cut and neither is the BoE as Libor is skirting with 6%. The bank of England, as far as I am concerned, has lost control of interest rates, and cutting now will just prove this point to the whole world. The pound will take the brunt of any more foolishness from King and his merry band of knuckleheads.

 

Gold to 1,100 on this move up god willing.

[Billy]

* * * FED Prints Wealth? * * *

 

Dear Subscribers:

 

Be aware that the Fed has chosen a course of guaranteeing junk paper instruments to buoy securities firms that would otherwise be under water . . . or out of business. You should not be surprised that many journalists ''report'' that this is fixing the economic crisis.

 

Certainly, the stock holders of Bear Stearns are happy about the federal handout. What we are witnessing now is a publicly traded stock -- which otherwise would be worth pennies -- is now magically worth ten dollars, because of a government edict (which is also known as a fiat).

 

Considering that our fiat-currency Dollar is a piece of paper backed by the ''full faith and credit of the United States,'' then this new paper should rightfully be called ''fiat-securities.''

 

Unfortunately, the general public is not cognizant that government intervention in the free market is ultimately at the expense of the Tax Payers. Let us hope that ten dollars does not become worth as much as a penny stock, which is basically what the government is suggesting.

 

There is no way to change the idiom that Government cannot print wealth. That said, you can bet that governments and journalists will continue to claim they can. The U.S. Gold Standard, which began its demise in 1913, would have offered protection to Americans.

 

Although the Gold Standard was eliminated, private investors today can institute their own free market alternative . . . and that, dear friends, is why we own bullion.

[Steve Netwriter]

In my humble opinion the drop from 1,000 to 900 pulled in a lot of short sellers - especially those following the 3M T-Bill rates like Gary North et al. These recent short sellers' lolly is going to be the rocket fuel to push us well beyond 1,100 this time. The dollar is toast (the blackened and burnt variety) and Trichet is not going to cut and neither is the BoE as Libor is skirting with 6%. The bank of England, as far as I am concerned, has lost control of interest rates, and cutting now will just prove this point to the whole world. The pound will take the brunt of any more foolishness from King and his merry band of knuckleheads.

 

Gold to 1,100 on this move up god willing.

 

I thought you were going to disagree with me for a minute. I'm hoping someone will sometime

 

So, are you going for the straight red line "to infinity and beyond" ?

 

 

:)

 

 

[Steve Netwriter]

OK, here's a question for all you experts.

 

Why don't they adjust the "required reserve ratio" instead of just using interest rates ?

 

I've just read that China just has:

 

The tool kit of China’s central bank

http://www.interest.co.nz/ratesblog/index....as-central-bank

 

China’s central bank the People’s Bank of China yesterday (25 Mar 08) lifted the required reserve ratio for deposit taking institutions the second time in 2008 by 0.5% to 15.5%.

 

[Steve Netwriter]

MISH throws in the towel!!!!

http://itulip.com/forums/showthread.php?t=3633

 

You gotta love this guy, GOLD & Silver OUT, get long stocks!! This from a deflationist.

 

:blink:

 

 

And from there a really good tip for you all

 

I forgot to add that is there is only ONE better contrarian trend indicator than MISH, and that is the SUZIE ORMAN Put.

 

Has not failed on The QQQQs, HOUSING, you name it, if you have seen here hock it on one of the spots for her show, you'd better sell it RIGHT FREAKING NOW.

 

I used to use Dow/GLD as a target for the final gold top. Just you watch, when SUZIE O. says BUY BUY BUY, you'd better SELL SELL SELL.

[Rikk03]

Any comment on the path of gold today?

 

Consider the truely awful news out of the US regarding the economy.

 

Consider nearly every index out there is in the red if you look at the futures spreads on spread betting portals.

 

Could this be the precursor to a big NY fall - thus FTSE fall?

 

Gold will likely fall in sympathy if so ........ it seems to be a trend.

 

How far will it fall before people see the dollar spiralling downward and then jump to gold?

 

Could it follow the same path as last weeks fall then rebound?

[ologhai]

I somewhere have monthly prices in Sterling since Dec. 1952.

 

For a chart see also: http://gold.approximity.com/gold_GBP_monthly_since1952.pdf

 

 

This is a great source of DATA

 

World Gold Council - Investing in Gold

http://www.invest.gold.org/sites/en/en/how_to_invest/

Charts of Gold price against currencies: http://www.gold.org/value/stats/statistics...yshort2000.html

Once logged in you can download Excel data from here: http://www.gold.org/value/stats/statistics/prices/index.html

In Excel, make sure the analysis tools are enabled in Tools->Add-ins..., and use Chart -> Add Trendline.... And select "moving average".

Here: http://www.research.gold.org/prices/ - including 1900-2006 in £

Here: http://www.research.gold.org/investment/

Here: http://www.invest.gold.org/sites/en/faqs/#12

 

Daily gold prices from 2000 to now: from here http://www.research.gold.org/prices/

or directly from here: http://www.gold.org/deliver.php?file=/valu...s/web_daily.xls (updated weekly)

 

Forecasts for the coming year: http://www.lbma.org.uk/publications/2008survey.pdf

 

Steve

 

Thanks!

 

[Rikk03]

Washington will announce the final fourth quarter US gross domestic product figures later today and consumer spending data for February on Friday.

The dollar, though, may resume its decline because of growing pessimism about the US economy, which is already feared to be in a recession.

"The problem is really the US economy. The recent data is melting down. The dollar is still on a downtrend," said David Mann, a currency strategist at Standard Chartered Bank.

 

The Commerce Department reported Wednesday that new home sales fell to the lowest level in 13 years in February, while new orders for durable goods unexpectedly dropped.

 

The data added to fears that the world's biggest economy may slip into a recession even after the Federal Reserve has eased its monetary policy and lent billions of dollars to banks.

 

The Federal Reserve last month slashed its 2008 growth estimate for the US economy to as little as 1.3 percent from as much as 2.5 percent. The US is the biggest consumer of exports from Asia and Europe.

 

At 1.00 pm (0500 GMT), the euro was trading at 1.5800 dollars, little changed from 1.5803 dollars in Tokyo this morning. The dollar was at 98.87 yen from 98.71.

 

Also weighing on the dollar were expectations that the European Central Bank (ECB) will not follow the Fed in cutting rates because it is still battling inflation. The ECB, though, could not raise interest rates because it could weaken its economy further.

 

"There is no rate hike in the ECB, but certainly there is no rate cut and that is more important," said Mann. "The ECB's rhetoric remains resiliently hawkish."

 

The European Commission in February lowered its 2008 growth estimate for the euro area to 1.8 percent from 2.2 percent.

 

ECB President Jean-Claude Trichet told the European Parliament yesterday that inflation in the euro area will remain significantly above the ECB 's two percent target for most of the year.

 

While the Fed has slashed its rates since September, the ECB has kept its rates unchanged. And while the Fed is widely anticipated to lower its rates further until the third quarter, the ECB will likely maintain its rates until at least the middle of 2008.

 

The dollar was also weighed down by the move by central banks in Asia and the Middle East to diversify their foreign exchange reserves by buying the common currency of the 15-member euro zone area, according to Chuo Mitsui & Trust Banking Co Ltd dealer Yosuke Hosokawa.

 

Meanwhile, the yen may weaken against the dollar after Japanese officials aired some concerns about the outlook for the world's second-largest economy.

 

Bank of Japan (BoJ) policy board member Miyako Suda earlier today warned of greater downside risk to the outlook of the Japanese economy in the year to March 2009 and stressed the need for managing monetary policy "with a gradual approach".

 

"The possibility has increased that Japan's economic growth would fall to its potential growth rate, given the steeper-than-expected slowdown of the US economy, weakening momentum of consumer spending and the lingering impact of the revised construction law," Suda said in a speech.

 

The BoJ itself sees the growth potential rate for Japan at the upper end of 1.0 percent.

 

 

"The US economy, which is an important country when assessing the prospects for exports from Japan, is now slowing at a faster pace than had been expected, and due to the prolonged adjustments in the housing market and increased uncertainties, the growth may slow to the mid-one percent level," Suda said.

 

The International Monetary Fund in January predicted that the Japanese economy will expand 1.5 percent this year, down from its previous forecast of 1.7 percent.

 

Hong Kong 1.00 pm (0500 GMT)

---------------------------------------------------------------------

 

After the release of US gross domestic product figures, what will be the likely result ....... NY will tank ..... FTSE ....... dollar will fall and gold with it!

 

Comments?

[tinecu]

I was looking into this last year after one of my friends stated up a recovery business and told me how much the price of scrap cars had gone up, the cats made upto one third of the price of the scrap car. Last year the price of a cat at a scrap dealer was around £35 if it contained both 'bricks'.

 

Sadly I lost the links and information I had on this when I last formated my PC but I can still vaugely recall the data.

 

As I understand it there are two basic types of catalytic converters, the ones for petrol engines can use either platinum or palladium whereas the converters for diesel engines must use a combination of platinum and palladium. There are two 'bricks' in a catalytic converter and sometimes the second brick can 'blow out' and only be worth half the scrap price, scrap dealers can check this by the scientific method of poking a stick up one end to see if the second brick is intact.

 

You can do an Internet search for the price of a new catalytic converters at car parts dealers to see the difference in prices between diesel and petrol cats. You also will find when you go to a exhaust specialist to have your car exhaust repaired or changed that they will keep your old exhaust/catalytic converter as part of the deal. Some unsrupulus car parts dealers could charge you the price of a platinum/palladium diesel cat for your petrol car when you petrol car uses the cheaper palladium cat. I remember reading about how attempts are being made to replace the platinum/palladium with gold or even silver, but I have no information about how thats progressing. (Who knows maybe Realist Bear will create a particle accelerator and make platinum out of thin air)

 

That amount palladium/platinum varies depending on the engine size of the car, I am not quite sure where I heard it but I think that it may have been Nick Barisheff who said in an interview that cars can contain upto a 7 gram combination of palladium/platinum and catalytic converters for large trucks/ buses could contain upto 20 grams.

 

The problems begin when you attempt to reclaim the metal from the catalytic converter as cutting them open will give a of carcinogenic dust. Strong acids are used to reclaim platinum from ceramic bead catalysts and these acids will give off very hazardous vapor.

 

 

 

http://auto.howstuffworks.com/catalytic-converter2.htm

 

 

 

http://www.financialsense.com/fsu/editoria.../2007/0330.html

 

 

 

 

 

 

A more interesting mover in the palladium and platinum price could be if the US starts to change its automobile infrastructure towards the more efficient diesel engines, above Nick Barisshef writes that the vast majority of cars in the US run on petrol. Imagine what it could do to the price of diesel and platinum if the US were to diversify just a small percentage of its automobiles into diesel.

 

 

 

Great post. Methanol and hydrogen fuel cells also use platinum.

 

[Gatesy]

I think it's hugely important. I read every word from Jim et al every day

 

The article Frizzers just posted on silver will give you a real good idea why:

 

By: Theodore Butler and Israel Friedman

24 March, 2008

http://news.silverseek.com/TedButler/1206378069.php

 

 

 

IMO we little guys have to be aware of the big players. Like little fish feeding around sharks

Excellent, thanks Steve.

[Goldilocks]

apologies if this has already been posted

 

i am still waiting for my 20 x 100oz bars

 

 

http://www.silverstockreport.com/2008/perth.html

Perth Mint and Kitco Scheme Exposed

(What's going on here?!)

Silver Stock Report

by Jason Hommel, March 26, 2008

 

Yesterday, I got into a bit of trouble by writing that the NorthWest Territorial mint was bankrupt, which they are not (consider this a second retraction). The NorthWest Territorial mint only has a risk of bankruptcy since they have so much silver owed to them by their suppliers, and those risks concern me in light of shortages of silver reported everywhere, and their long delivery times.

 

What is going on with Perth and Kitco is very unfortunate, since the Perth Mint is reportedly one of the largest bullion dealers in all of Asia, and Kitco has the largest presence on the internet, ranking number two in the search terms for silver and gold, just behind wikipedia.

 

So I have to choose my words carefully regarding the Perth Mint & Kitco. Perhaps the words of Jesus and Andrew Jackson are appropriate to quote in this context:

 

"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson, 1828

 

Matthew 23:33 "You snakes! You brood of vipers! How will you escape being condemned to hell? 34 Therefore I am sending you prophets and wise men and teachers. Some of them you will kill and crucify; others you will flog in your synagogues and pursue from town to town.

 

You know who Jesus and Andrew Jackson were addressing? The moneylenders who offer to hold your money for you!

 

Since I advocate that you hold your own bullion yourself, I've wondered if the business practices of Kitco gave them a bias to rarely ever publish my articles, even though I was an advertiser for years, and my articles appeared far more regularly at gold-eagle.com and goldseek.com. I think I finally figured it out, and it's time for me to finally burn my bridge to kitco; as I don't need them anyway, and stopped advertising with them a while ago.

 

Kitco is a partner in a bullion certificate scheme with the Perth Mint, and also offers a pool account like Perth Mint does.

https://online.kitco.com/pmcp/

 

I believe, but cannnot prove, that Kitco is short of bullion owed to their own customers in their pool account, and this would explain why they publish the anti-gold articles that they do. If you own precious metal in a pool account or certificate form with anyone, Kitco, Perth, Monex, Goldline, any Major Bank or Brokerage, or anyone else, I think you would be wise to cash out, and get real silver somewhere else, even if you have to pay extra fees to do so.

 

Here are my five witnesses in my case against the Perth Mint (Kitco is implicated only by association, as they advertise the Perth certificates.)

 

The testimony of the people below go to show that you cannot trust silver certificates, nor can you trust allocated silver storage, nor can you trust government guarantees. (Trusting government guarantees for bullion is the most absurd thing I can think of, since governments are the ones who are printing money which competes with the demand for silver as money!)

 

=============

 

Date: Thu, 28 Feb 2008 18:52:05

Subject: Re: Silver Stock Report: How to Get Into Silver, for Billionaires

 

S Tabikh wrote:

 

Jason,

 

Ive just ordered $20k worth of Silver 100oz bullion from the Perth Mint and have to wait upto 6 months for delivery for such a small order. Goes to show the lack of Silver avaliable.

 

Regards,

Shafic

 

=============

 

Date: Thu, 28 Feb 2008 15:07:40

Subject: Re: How to get into Silver for Billionaires

 

peter wrote:

 

Hi Jason,

 

Thanks for sending me your latest email, I'm always interested in hearing your opinion of the current state of the Silver market.

 

I was rather alarmed, however, to read the story of the gentleman you mentioned who had 10,000 ozs of allocated Silver stored on his behalf by a "AAA rated,... guaranteed " mint which "services the Asian market" ...I assume you are unable to publicly identify the mint concerned for legal and other reasons, but I would greatly appreciate it if you could inform me privately of same. IE: Is it the Perth Mint?

 

The reason I ask, as you can probably guess, is that my own situation is almost identical to the one mentioned in your article (which listed difficulty getting allocated silver which took 6 months) and you have now further aroused my suspicions about the alleged security of allocated storage of precious metals. In addition, I have also met with an un co-operative attitude when making enquiries about taking delivery of my Silver, so again there are further parallels with your story.

 

I hope you can take a moment from your busy schedule to share this information with me as obviously, its vitally important to my future financial security -just a simple 'yes' or 'no' in answer to my query above would suffice, no need to elaborate.

 

Thanks again for your time and I wish you every success in spreading the Story of Silver to the world.

 

Regards,

Peter

 

Jason: YES! I was alluding to the Perth Mint, but I didn't have enough testomony at the time to name them publically, but now the truth comes out! Get your silver. Travel to their location, and get it, and haul it away, as soon as possible. (They might not have it!)

 

=============

 

3/19/2008 9:20 PM

Jason,

 

Just placed another order with Perth Mint, they are out of stock on everything, however there waiting period is no longer 6 months (Im guessing they received alot of complaints) its now 6-8 weeks.

 

Just got off the phone with them, they have no bullion in stock, its all on backorder, the official excuse is that it takes along time to make the bars and everyone wants them, could be viiewed as a good thing knowing demand is high, but I personaly dont like waiting 6-8 weeks for delivery.

 

I contacted several other dealers in Sydney, only 1 out of 5 has stock...... Everyone has back orders with PM which is the distributor.

 

Regards,

S

 

=============

 

In the March 26th Midas report, from lemetropolecafe.com (a site I subscribe to, and highly recommend):

 

G'day Bill

The shortage of silver is becoming acute in Australia. I phoned my supplier (THE major in my state) this morning, to confirm the developing situation re supply and he has confirmed that he cant get silver until May. He has always had ample stocks on hand, with my son or myself able to walk in and transact on a cash and carry basis.

 

NOT ANY MORE!!! He can't get a price from his supplier whom I assume is the Perth Mint or the Australian Bullion Co, as these are the bars that I have received from him. He only does Open Book orders where he will take your order but will not be able to price the metal until he is assured of a delivery price from his suppliers. Mid April is when he expects to be able to price an order. He said he has knowledge of a Perth Mint customer who has his money tied up in their Unallocated Pool Account, using Silver Certificates. Taking the advice of various "hold it in your hot little hands" advocates (such as yourself, Ted Butler and Jason Hommel etc,) he tried to redeem his certificates and have his holdings transferred into an Allocated Account.

 

The Perth Mint has advised him that they WILL NOT buy his certificates from him and WILL NOT allocate physical silver to him. They will however ALLOW him to swap them for gold. They will only do this by slugging him on the spreads. They slug him on their buy back price for silver and then whack him for their mark up on gold. He apparently is a man on the edge as my dealer feels that he is close to topping himself over the issue. Must be on Margin. I wonder if the Perth Mint is so broke that they can't pay him. Apparently they are backed by the full faith and credit of the Western Australian Govt. Yeah Right!

 

Stow it or blow it is the right call from you et al, and I thank you dearly for the advice, as I was once a Perth Mint PAPER silver certificate holder.

 

=============

5:24 AM, March 26th

 

Hi Jason,

just wanted to let you know about recent dealing with Perth Mint.

As I have been following your emails now for some time I recently decided to buy silver at Perth Mint in the form of the PMCP (Perth Mint Certificate Program).

Talking with a person in their Treasury Department I opted for Unallocated silver with the view of changing that to Allocated or pick up at a later stage.

After your email "If you don't hold it, you don't own it" I sent an email saying when I wished to pick it up, giving about 4 weeks notice that I was told I needed to give.

Still have had no reply after a phone call and another email.

 

Wondering if you have had any similar emails from anyone else regarding Perth Mint?

 

God bless,

Graeme.

 

=============

=============

 

 

I've been thinking more about how people who are afraid of risks, and who don't want to pay the costs of storing their own silver, tend to trust promises of men rather than the provision of God. The Great Harlot of Revelation 17-18, I believe, refers to moneylenders who lend to the kings of the earth to control them; and this is harlotry because the Harlot will trust the kings of the earth for security rather than the King of Kings, Jesus Christ.

 

So, now, I wonder how much different it is to trust having someone else hold your silver for you; is that an act of spiritual harlotry as well? Do these people who put their trust in the Perth Mint, guaranteed by a "king", the government of Australia, get what they deserve? The kings are said to turn on the harlot to destroy her, and I wonder if the Perth Mint not giving out silver that was paid for is like a preview of that prophecy. You judge.

 

As for me, I've long decided to choose to be responsible for taking dominion over God's provision of silver that He has entrusted to me to care for, and I'll accept and take the risks of holding it myself, and I'll trust in God that things will work out ok without man's insurance.

 

I know that if I have wealth, then I must also have the wealth to guard it, as that is a basic undeniable truth.

 

If you have a small amount of silver, get a lock box. If you have more, get a floor safe. If more, get a large gun safe. If more, get several gun safes. If more, build a vault. If more, build a warehouse.

 

According to God, if you are Christians, you are Kings and Priests, and so, I try to act like it; taking possession and guarding my silver with my own safes, and preaching that others do the same.

 

Revelation 5:10 And hast made us unto our God kings and priests: and we shall reign on the earth.

 

The united States is supposed to be a nation of sovereigns, kings, the people are the kings.

 

Act like a King. Get your silver.

 

Act like a Priest. Tell other people to get their silver.

 

http://find-your-local-coin-shop.com/

 

Sincerely,

 

Jason Hommel

www.silverstockreport.com

www.miningpedia.com

 

 

Fook!

I have a allocated silver certificate (with serial no's of the bars) for the Perth mint,

I don't like what i'm reading in the above report, but i never intended to take delivery to the U.k. too costly and capital gains etc.

I was intending to change over to over to Goldmoney and hold Silver there when my years holding fees were up in the Perth Mint storage programme.

I sent Ted Butler an Email on the Jason Hommels above report ,prevouly Ted has written as long as you have the serial no's you are protected! But then wern't Merrill Lynch bank charging for allocated gold,which they didn't have?

 

[ologhai]

Fook!

I have a allocated silver certificate (with serial no's of the bars) for the Perth mint,

I don't like what i'm reading in the above report, but i never intended to take delivery to the U.k. too costly and capital gains etc.

I was intending to change over to over to Goldmoney and hold Silver there when my years holding fees were up in the Perth Mint storage programme.

I sent Ted Butler an Email on the Jason Hommels above report ,prevouly Ted has written as long as you have the serial no's you are protected! But then wern't Merrill Lynch bank charging for allocated gold,which they didn't have?

 

Apart from the fact that Perth Mint is mentioned in the article (and Goldmoney isn't), what makes you think Goldmoney is safer than Perth Mint? (This is a serious question as I use Goldmoney.)

 

If there's a way of seeing serial numbers with Goldmoney (or BullionVault for that matter), I don't know how... Perhaps someone can enlighten me?

[Pixel8r]

Apart from the fact that Perth Mint is mentioned in the article (and Goldmoney isn't), what makes you think Goldmoney is safer than Perth Mint? (This is a serious question as I use Goldmoney.)

 

If there's a way of seeing serial numbers with Goldmoney (or BullionVault for that matter), I don't know how... Perhaps someone can enlighten me?

 

All goldmoney purchases are covered by a guarantee and a report is produced every quarter of all gold & silver held at each vault. This includes a complete bar list with serial numbers. http://goldmoney.com/en/report.html

 

Absolute Ownership

 

You, not GoldMoney, are the absolute owner of your gold and silver. GoldMoney stores it securely on your behalf.

 

Title to the gold and silver bars in allocated storage at the vaults at all times vests only in the various GoldMoney users.

 

When you purchase precious metals through your GoldMoney account, you actually hold and own the metal in your name.

All of the gold and silver bullion owned by our customers is stored free and clear from any creditors' claims against GoldMoney or the operator of the vaults.

 

When you purchase precious metals through GoldMoney, the gold and silver bullion is stored securely at the VIA MAT vaults located near London and Zurich. VIA MAT International is part of Mat Securitas Express AG, of Switzerland, one of Europe's largest and oldest armoured transport and storage companies.

[marceau]

Any comment on the path of gold today?

 

Consider the truely awful news out of the US regarding the economy.

 

Consider nearly every index out there is in the red if you look at the futures spreads on spread betting portals.

 

Could this be the precursor to a big NY fall - thus FTSE fall?

 

Gold will likely fall in sympathy if so ........ it seems to be a trend.

 

How far will it fall before people see the dollar spiralling downward and then jump to gold?

 

Could it follow the same path as last weeks fall then rebound?

 

 

The only answer I can give is for you to exercise extreme caution at the moment if you are thinking about trading. The market is punch drunk from the battering it has taken and is going to start throwing up all kinds of weird and extreme moves, many of which may appear contrary to news or fundamentals.

 

Profiting from this turmoil can be done via the simplest method in my opinion. Buy the dips in gold and hold. Trying to time this market could be financial suicide.

 

Edit: I'm going to follow my own advice here and stop frequent trading entirely while this all plays out. Core positions only, will add to them on dips.

[wren]

If there's a way of seeing serial numbers with Goldmoney (or BullionVault for that matter), I don't know how... Perhaps someone can enlighten me?

BullionVault publishes a list of the bars with weight, % gold content and serial number on its website. The gold and the cash accounts are audited every trading day and certification is posted on the website.

 

If somebody wants to take delivery (they're not primarily geared up to do that as a routine service but it can be done) the intention to do so has to be posted on their website 48 hrs beforehand, otherwise the security company won't allow the withdrawal.

 

People get email alerts and if they wish text message alerts when their account is logged into. They can also get text message alerts if the vault alarm sounds. Payment of cash funds can only go back to the bank account from which they were originally sent, so even of a thief somehow obtained your username and password they cannot send money to a different bank account. This provides extra secutiy for the customers against theft.

 

Remember the gold is allocated, the customers actually own the gold they have bought, not BV. It's in the form of 400 oz. Good Delivery Bars, so holders don't own any particular bar but they do own as a right the quantity of gold which they have purchased.

 

As far as I can tell BV bend over backwards to be as transparent as possible.

 

[Billy]

All goldmoney purchases are covered by a guarantee and a report is produced every quarter of all gold & silver held at each vault. This includes a complete bar list with serial numbers. http://goldmoney.com/en/report.html

 

Absolute Ownership

 

You, not GoldMoney, are the absolute owner of your gold and silver. GoldMoney stores it securely on your behalf.

 

Title to the gold and silver bars in allocated storage at the vaults at all times vests only in the various GoldMoney users.

 

When you purchase precious metals through your GoldMoney account, you actually hold and own the metal in your name.

All of the gold and silver bullion owned by our customers is stored free and clear from any creditors' claims against GoldMoney or the operator of the vaults.

 

When you purchase precious metals through GoldMoney, the gold and silver bullion is stored securely at the VIA MAT vaults located near London and Zurich. VIA MAT International is part of Mat Securitas Express AG, of Switzerland, one of Europe's largest and oldest armoured transport and storage companies.

 

 

 

KISS

 

keep it simple

 

own the bullion in YOUR OWN HANDS, with NO INTERMEDIARIES

 

if you want to play the paper game and trade etfs stocksetc, fine, just know the risks, and as jim s says, have the stock certs IN YOUR OWN HANDS!!!

 

i.e. the force majeure bank holiday and martial law risks that cgnao and others allude to

 

many municipalities and jurisdictions have already gone bust because of sub prime and the derivatives beast

 

these vary from cantons and towns thru to cities and even states (and i would add uk plc to those gone bust to, and usa inc, the dollar)

 

what if the govt of western oz goes bust the same way as others have? and they back up perth mint?

 

what happens if a shedload of states go bust and lloyds cannot cover all, what happens to your non-existent gold at perth mint when all 100% of clients want a payout or delivery? because if/when all these states go bust, silver and gold will be doing a moon shot at the same time

 

i see goldmoney and bullionvault as safer than perth, but ultimately the bullion is with someone elese, not YOU

 

in a shtf scenario, good luck collecting

 

in a shtf scenario, bullion in your own hands can be sold off bit by bit as necessary, if you wish to go the fiat route or aqquire property for bullion, or goods for bullion

 

in the hunt bros era those who coined it sold their silver bullion in the short window during the moon shot

 

that is exactly what i'll be doing, not being greedy, a simple transfer of assets too early rather than too late

[azazel]

what happens if a shedload of states go bust and lloyds cannot cover all, what happens to your non-existent gold at perth mint when all 100% of clients want a payout or delivery? because if/when all these states go bust, silver and gold will be doing a moon shot at the same time

 

I have my worries as well. Bullion vault is great all the time the system stays reasonably stable. What if things go very badly wrong? Thats where gold is king but not if you don't actually have it. Saying that I'm heavily exposed to BV. Ideally I'd like to sell at a peak and then buy back physical in a dip. A good opportunity has just been missed, dooh. Could do with some Britannia's to see off CGT.

 

You think theres any chance that they might change the cgt rules on gold when it booms big time?

[lowrentyieldmakessense(honest!)]

i started reading an article by Brian Bloom on financial sense - then i ended up reading more sites about the Mayan Calender and that it ceases in 2012, that the end of the world is near; and then thinking if the antichrist is already here could it be Gordon Broon and thats why he sold off our Gold.

 

I'm off to bed

 

For the record, I am reasonably optimistic that the world is soon about to come to its senses. If I had to take a punt, I would punt that May 16th 2008 will be the day when that realization will begin to dawn. That is the day that the Mayan Calendar forecasts will be the harbinger of an energy shift.

 

Bear Market Notes

 

 

ps for those who still have an interest in house prices some pretty dramatic falls noted today

 

hpc auction thread

 

 

[azazel]

 

theres allot of stuff about 2012

 

NN

[Pluto]

Well the world's 97th sexiest man alive, according to last year's womans magazine, is at it again with his George Orwell wanna be quotes.

 

Here is his latest statement which reminded me of Orwell's 1984, when the Chocolate rations were raised from 4.8 to 3.4 grams.

 

http://www.bloomberg.com/apps/news?pid=206...vk&refer=uk

 

``We will maintain a policy that will keep inflation low and keep interest rates down,'' Brown told reporters in Stevenage, England.

 

Can anyone spot the similarities?

[Errol]

All this talk of 'Bullionvault' and 'goldmoney' ...

 

You still can't beat the feeling of holding your own gold in your own two hands.

[enrieb]

I have my worries as well. Bullion vault is great all the time the system stays reasonably stable. What if things go very badly wrong? Thats where gold is king but not if you don't actually have it. Saying that I'm heavily exposed to BV. Ideally I'd like to sell at a peak and then buy back physical in a dip. A good opportunity has just been missed, dooh. Could do with some Britannia's to see off CGT.

 

You think theres any chance that they might change the cgt rules on gold when it booms big time?

 

There is always a risk that they could change the way they tax gold with cgt in the future, if the gold price goes high enough the government will want their cut and the general public who don't own gold wont have much sympathy for people who own gold, we will be labeled as greedy speculators and fair game in the way that some people over at the 'other site' have developed almost a hatred of anyone who makes money out of property.

 

I also think it is possible that the UK government could charge VAT on gold like that do with silver. That would put an extra £87 on the price of a £500Krugerrand.

 

Still I think its good to own at least some Britannia's and sovereigns while the cgt exemption exists.

[azazel]

There is always a risk that they could change the way they tax gold with cgt in the future, if the gold price goes high enough the government will want their cut and the general public who don't own gold wont have much sympathy for people who own gold, we will be labeled as greedy speculators and fair game in the way that some people over at the 'other site' have developed almost a hatred of anyone who makes money out of property.

 

I also think it is possible that the UK government could charge VAT on gold like that do with silver. That would put an extra £87 on the price of a £500Krugerrand.

 

Still I think its good to own at least some Britannia's and sovereigns while the cgt exemption exists.

 

I would hope that if there was changes to CGT it would only apply to new purchases.