azazel Posted January 7, 2009 Report Share Posted January 7, 2009 yes but BV dont do silver unfortunately Apparently they are considering doing silver too, VAT free. Link to comment Share on other sites More sharing options...
FWIW Posted January 7, 2009 Report Share Posted January 7, 2009 Great article by Frizzers here: http://www.moneyweek.com/investments/preci...gold-14391.aspx :applause: Link to comment Share on other sites More sharing options...
Guest Dramatic Exit Posted January 7, 2009 Report Share Posted January 7, 2009 Apparently they are considering doing silver too, VAT free. Now that would be nice Link to comment Share on other sites More sharing options...
pmaupoil Posted January 7, 2009 Report Share Posted January 7, 2009 Apparently they are considering doing silver too, VAT free. That would be a U-turn then cos there was no question to do so a few months ago. Link to comment Share on other sites More sharing options...
signofthetimes Posted January 7, 2009 Report Share Posted January 7, 2009 anyone tempted to buy on $ weakness this aft? Link to comment Share on other sites More sharing options...
sash777 Posted January 7, 2009 Report Share Posted January 7, 2009 Price just fallen through the floor... every time I feel sure I'm doing the right thing here we take a massive knock backwards. Link to comment Share on other sites More sharing options...
warpig Posted January 7, 2009 Report Share Posted January 7, 2009 Wow -£50/t oz in 3 days and no one comments... Is everyone still drunk from Christmas? BTW what caused the pound to strengthen? is bad news good news again, re this week's MPC meet? Link to comment Share on other sites More sharing options...
azazel Posted January 7, 2009 Report Share Posted January 7, 2009 That would be a U-turn then cos there was no question to do so a few months ago. I heard it from the most reliable source. Silver, vault stored and vat free as long as you dont take delivery. It was in the negotiation stages. Link to comment Share on other sites More sharing options...
Mr Pipples Posted January 7, 2009 Report Share Posted January 7, 2009 Gold and Oil Short-Term Trends - http://www.moneyandmarkets.com/gold-and-oi...rm-trends-29178 Bull and Bear factors. Link to comment Share on other sites More sharing options...
nicejim Posted January 7, 2009 Report Share Posted January 7, 2009 Wow -£50/t oz in 3 days and no one comments... Is everyone still drunk from Christmas? BTW what caused the pound to strengthen? is bad news good news again, re this week's MPC meet? Everyone else is on the January thread ;-) Link to comment Share on other sites More sharing options...
warpig Posted January 7, 2009 Report Share Posted January 7, 2009 Maybe it's me that's still drunk! Thanks I hadn't noticed! Everyone else is on the January thread ;-) Link to comment Share on other sites More sharing options...
bitbigt Posted January 7, 2009 Report Share Posted January 7, 2009 Wow -£50/t oz in 3 days and no one comments... Is everyone still drunk from Christmas? BTW what caused the pound to strengthen? is bad news good news again, re this week's MPC meet? Looks to me like PPT levers started to get pulled as soon as silver shot up 2% in 10 minutes at start of US trading, passing that 11.5 level. Indeed, they really got busy today - silver down 6%, 3.5%, oil down 15%. Laughable really - they keep inflating the money supply, and concomitantly try to hold down these inflation indicating commodities. It can ony get harder and harder to keep these prices suppressed as money supply increases - eventually the top will blow open. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted January 7, 2009 Report Share Posted January 7, 2009 Looks to me like PPT levers started to get pulled as soon as silver shot up 2% in 10 minutes at start of US trading, passing that 11.5 level. Indeed, they really got busy today - silver down 6%, 3.5%, oil down 15%. Laughable really - they keep inflating the money supply, and concomitantly try to hold down these inflation indicating commodities. It can ony get harder and harder to keep these prices suppressed as money supply increases - eventually the top will blow open. I'll give it a fortnight. Link to comment Share on other sites More sharing options...
S60R Posted January 7, 2009 Report Share Posted January 7, 2009 Gold and Oil Short-Term Trends - http://www.moneyandmarkets.com/gold-and-oi...rm-trends-29178 Bull and Bear factors. .... Pick #3 — PowerShares DB Gold Double Short ETN (DZZ) This exchange-traded note targets twice the INVERSE of the daily movement in an index that tracks gold. In other words, if gold goes down, this ETF should go up twice as much. ... Forgive me my ignorance but can anyone explain, please, how it can be possible to make ETn(DZZ) work Link to comment Share on other sites More sharing options...
azazel Posted January 7, 2009 Report Share Posted January 7, 2009 does anyone know if this canadian maple is the same design as the 100kg big one? http://www.coininvestdirect.com/main.php?a=11&id=294 Link to comment Share on other sites More sharing options...
alexays Posted January 7, 2009 Report Share Posted January 7, 2009 Beware, commodity index rebalancing ahead ABB In the case of the DJ-AIGCI — which JP Morgan estimates has $25bn in funds tracking it — the new weightings come into force during the roll period that begins January 9th Which is a Friday - time for a big Friday smackdown perhaps? Link to comment Share on other sites More sharing options...
Mr Pipples Posted January 7, 2009 Report Share Posted January 7, 2009 Forgive me my ignorance but can anyone explain, please, how it can be possible to make ETn(DZZ) work Not sure what you mean by work? DZZ can be bought through any broker that trades US stocks. To 'work' it, buy when you think gold is going to fall and sell when you think gold is going up. That said, I wouldn't touch it with a barge pole - only for serious, experienced, traders. Link to comment Share on other sites More sharing options...
bitbigt Posted January 7, 2009 Report Share Posted January 7, 2009 Laughable really - they keep inflating the money supply... "LETS PRINT MORE MONEY" - front page main headlines on the Daily Mail tomorrow. Similar headlines to be in The Times and other national newspapers. Deflationists take note!!!!!!! Link to comment Share on other sites More sharing options...
Pixel8r Posted January 7, 2009 Report Share Posted January 7, 2009 "LETS PRINT MORE MONEY" - front page main headlines on the Daily Mail tomorrow. Similar headlines to be in The Times and other national newspapers. Deflationists take note!!!!!!! Should be good for gold tomorrow, especially if they cut rates further. Link to comment Share on other sites More sharing options...
gwizzie Posted January 7, 2009 Report Share Posted January 7, 2009 "LETS PRINT MORE MONEY" - front page main headlines on the Daily Mail tomorrow. Similar headlines to be in The Times and other national newspapers. Deflationists take note!!!!!!! Mish sums it up well in the CWR podcast. The biggest contributor to the money supply has been/ is credit. Compare what is being created with the net change over the past couple of years of the mortgage market and it looks like a drop in the ocean Link to comment Share on other sites More sharing options...
Mr Pipples Posted January 7, 2009 Report Share Posted January 7, 2009 Trying to bust through 830 and trigger sells - naughty. Link to comment Share on other sites More sharing options...
bitbigt Posted January 8, 2009 Report Share Posted January 8, 2009 Mish sums it up well in the CWR podcast. The biggest contributor to the money supply has been/ is credit. Compare what is being created with the net change over the past couple of years of the mortgage market and it looks like a drop in the ocean I basically agree, but we shouldn't under-estimate the further damage GB could do... Net new mortgage lending in UK peaked at about £50B per year, meaning new money creation from that source was probably in the range £10B - £50B per year for each of the last 10 or so years. Lets say 300B total. I can quite imaging the government borrowing many tens of billions more to restimulate the economy. Indeed, the US is probably looking at creating a trillion or more. But in the end - all the sums just add together anyway. All the new money created over last decade still exists, and will have its effect on inflation over next few years. The new money that is now to be printed as part of the crazy 'quantitative easing' just adds to the pot. And remember, the other main consideration is the impression people have. A lot of new money has been created, but the government and media spin has made people think deflation is the big danger. The fact that people are now talking so blatantly about printing new money could change the way the masses think about these things - so they instead start to worry about the likelihood of inflation. Once the masses start to see the world that way, thats when gold will go ballistic. Hopefully, tomorrow's newspaper headlines will take us one big step further along that road. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted January 8, 2009 Report Share Posted January 8, 2009 You don't see this on Google every day. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted January 8, 2009 Report Share Posted January 8, 2009 Congress gets 'sticker shock' at $1,200,000,000,000 deficit Estimate may cool the ardor for some Obama plans By LORI MONTGOMERY Washington Post Jan. 7, 2009, 11:12PM http://www.chron.com/disp/story.mpl/politics/6199619.html WASHINGTON — The nation's budget deficit will soar to an unprecedented $1.2 trillion this year, congressional budget analysts said Wednesday, a startling tide of red ink that could dampen enthusiasm on Capitol Hill for some of President-elect Barack Obama's most ambitious priorities. In the first official estimate of the damage done to the nation's finances by a weakening economy and various financial sector bailouts, the Congressional Budget Office reported that the gap between government spending and revenue will exceed 8 percent of the overall economy by the end of September, a yawning chasm not seen since the end of World War II. 'Jaw-dropping' The news drew a grim reaction from Congress, where the chairman of the Senate Budget Committee, Sen. Kent Conrad, D-N.D., called the figure "jaw-dropping." While lawmakers said they expect to dig this year's hole even deeper by approving a massive stimulus package aimed at pulling the nation out of recession, Conrad and his House counterpart, Rep. John M. Spratt Jr., D-S.C., said they have warned Obama to limit the package to temporary measures that will not add to the deficit in future years. Link to comment Share on other sites More sharing options...
Pixel8r Posted January 8, 2009 Report Share Posted January 8, 2009 The Gold Bug by Edgar Allen Poe By: Trace Mayer, J.D. Sometimes whenever gold is mentioned around polite company the term ‘gold bug’ gets thrown out. This term was penned by Edgar Allen Poe in his short story ‘The Gold Bug’. Published in the early 1840’s and according to Poe it ‘made great noise’ and was his most widely circulated and read story. The Gold Bug by Edgar Allen Poe Link to comment Share on other sites More sharing options...
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