Pixel8r Posted November 20, 2008 Report Share Posted November 20, 2008 Kinda reminds me of a poster who went by the moniker of 'Twowave' (anyone remember him/her?), who for months was amazinngly accurate with his TA over on the Kitco forum and would post all sorts of wonderful charts for the week ahead, etc. Then when the big move came i.e. up to +$20/oz, he got all his little followers to go short by posting downbeat charts every week until everyone cottoned on to the fact that they had been had by the time the price breached $15/oz. Needless to say, I enjoyed selling all the silver back them to them at +$20/oz... Now, I'm not accusing Ker of the same tricks or of being wrong, but just reminding everyone why they shouldn't cling on to every word posted by anonymous entities over the net, especially not mine, else you'll only have yourself to blame should things turn against you. Maybe a "Damper"? It sure does seem strange that he spends so much time enlightening the world on multiple boards. http://www.meden.demon.co.uk/Articles/bestiary.html Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted November 20, 2008 Report Share Posted November 20, 2008 platinum and gold price getting closer, I buckled a while ago and bought some plat. eagles, question is, if we do get parity between au & pt, where can you buy pt now, because kitco are not selling any at the mo? Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 20, 2008 Report Share Posted November 20, 2008 platinum and gold price getting closer, I buckled a while ago and bought some plat. eagles, question is, if we do get parity between au & pt, where can you buy pt now, because kitco are not selling any at the mo? I also haven't bought any Pt or, in particular, Pd yet. I hear there ETFs for this stuff? I'd prefer coins. Link to comment Share on other sites More sharing options...
tl8177 Posted November 20, 2008 Report Share Posted November 20, 2008 I also haven't bought any Pt or, in particular, Pd yet. I hear there ETFs for this stuff? I'd prefer coins. Well, bars for sale here of course: http://www.goldline.co.uk/investmentBarsPage.page Probably better than those ETFs. I would like coins though, no idea where to find them. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 20, 2008 Report Share Posted November 20, 2008 Well, bars for sale here of course: http://www.goldline.co.uk/investmentBarsPage.page Probably better than those ETFs. I would like coins though, no idea where to find them. OK, I did a little calculation on these: The premiums are not too bad, I would say. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 20, 2008 Report Share Posted November 20, 2008 Palladium is at 50% of the price in 1980 (or so). Link to comment Share on other sites More sharing options...
bazmercer Posted November 21, 2008 Report Share Posted November 21, 2008 any thoughts on platinum? It seems to have taken a beating fairly recently. Back down to 2003 prices. I presume that's mainly due to it's industrial use? Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 21, 2008 Report Share Posted November 21, 2008 any thoughts on platinum? It seems to have taken a beating fairly recently. Back down to 2003 prices. I presume that's mainly due to it's industrial use? ... Not to mention Rhodium... I really think we're seeing some value here in Pt and Pd, maybe even more so in Pd. The car crisis is discounted for, it seems. These are still strategic metals. I'd say there is great value in Pd and Pt if XPT < XAU and 4*XPD < XPT. Pd might really be my next purchase here, rather than silver or gold. Although I haven't decided yet and am sort of winterly lethargic. Link to comment Share on other sites More sharing options...
romans holiday Posted November 21, 2008 Report Share Posted November 21, 2008 I would like to diversify a little also. I don't imagine there is any hurry though. Maybe early next year. Link to comment Share on other sites More sharing options...
fexx Posted November 21, 2008 Report Share Posted November 21, 2008 Pd might really be my next purchase here, rather than silver or gold. Although I haven't decided yet and am sort of winterly lethargic. I was looking at these charts and thinking the same about Pt and Pd, although I've never even seen any before (!!). I'm presuming you would buy and hold in physical bullion. In what form would you buy and why, and how would you spot fakes? Link to comment Share on other sites More sharing options...
Bobsta Posted November 21, 2008 Report Share Posted November 21, 2008 6.60 next week $9.47 currently.... does your prediction of $6.60 still hold? If it does, that's one hell of a shorting opp. Link to comment Share on other sites More sharing options...
Wanderer Posted November 21, 2008 Report Share Posted November 21, 2008 Hi all, I'm holding onto some very badly timed purchases of silver ETFand Silver Wheaton. My ratio in value between the two is currently 10:1, although when I bought it was nearer 3:1 i.e. SW has done even worse than Silver. Assuming I still believe in the case for Silver, the courageous part of me is thinking now might be the time to flog my silver ETF and put the amount into the Silver Wheaton. Views? Wanderer Link to comment Share on other sites More sharing options...
Icarus Posted November 21, 2008 Report Share Posted November 21, 2008 Hi all, I'm holding onto some very badly timed purchases of silver ETFand Silver Wheaton. My ratio in value between the two is currently 10:1, although when I bought it was nearer 3:1 i.e. SW has done even worse than Silver. Assuming I still believe in the case for Silver, the courageous part of me is thinking now might be the time to flog my silver ETF and put the amount into the Silver Wheaton. Views? Wanderer IIRC Petrov says that etfs follow the stock market. It's on one the gold investment analysis videos - http://video.google.com/videoplay?docid=-6841701169481269722 'Remember, if you're one of the ones holding paper in the end, you will have given away your products and services for nothing.' Robert Ringer Link to comment Share on other sites More sharing options...
FWIW Posted November 21, 2008 Report Share Posted November 21, 2008 I had the impression that where Gold went then Silver was not far behind. How come silver has not moved up as much as gold? Don't get me wrong - my gold is worth more...but I feel sorry for my silver... Link to comment Share on other sites More sharing options...
ziknik Posted November 21, 2008 Report Share Posted November 21, 2008 ... Don't get me wrong - my gold is worth more...but I feel sorry for my silver... I feel sorry for people who don’t have any silver. I feel sorry for people who don’t have any food too, but less so Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 21, 2008 Report Share Posted November 21, 2008 I was looking at these charts and thinking the same about Pt and Pd, although I've never even seen any before (!!). I'm presuming you would buy and hold in physical bullion. In what form would you buy and why, and how would you spot fakes? I'd buy bars or bullion coins from a reputable dealer. Link to comment Share on other sites More sharing options...
wren Posted November 21, 2008 Report Share Posted November 21, 2008 I had the impression that where Gold went then Silver was not far behind. How come silver has not moved up as much as gold? Don't get me wrong - my gold is worth more...but I feel sorry for my silver... True that silver tends to behave like leveraged gold, but not necessarily on the day or even the week. ZealIntelligence has just posted an essay on the "Silver Crisis" which focuses on this aspect in the longer term: http://www.zealllc.com/2008/silvcris.htm (Longish and I only skipped through it.) Patience, Grasshopper. Link to comment Share on other sites More sharing options...
Wanderer Posted November 22, 2008 Report Share Posted November 22, 2008 Hi all, I'm holding onto some very badly timed purchases of silver ETFand Silver Wheaton. My ratio in value between the two is currently 10:1, although when I bought it was nearer 3:1 i.e. SW has done even worse than Silver. Assuming I still believe in the case for Silver, the courageous part of me is thinking now might be the time to flog my silver ETF and put the amount into the Silver Wheaton. Views? Wanderer Any thoughts on this? Link to comment Share on other sites More sharing options...
rich6400 Posted November 22, 2008 Report Share Posted November 22, 2008 I'd buy bars or bullion coins from a reputable dealer. http://www.lppm.org.uk/Index.aspx http://www.lppm.org.uk/Lists.aspx?type=Pt&LHSpnl=2 Link to comment Share on other sites More sharing options...
kernull Posted November 23, 2008 Report Share Posted November 23, 2008 $9.47 currently.... does your prediction of $6.60 still hold? If it does, that's one hell of a shorting opp. yes it is, next week. tuesday as a big downday Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 23, 2008 Report Share Posted November 23, 2008 yes it is, next week. tuesday as a big downday Everyone, let's all buy massively on Tuesday. Obviously it will be a good day to do so if Ker indeed knows the future. Link to comment Share on other sites More sharing options...
Bobsta Posted November 23, 2008 Report Share Posted November 23, 2008 Everyone, let's all buy massively on Tuesday. Obviously it will be a good day to do so if Ker indeed knows the future. I truly hope so... I have a few more Ks of turdling in-flight in the banking system on their way to Goldmoney. Hopefully the funds will clear during Tuesday so I can buy some cut price silver. If Brown and Darling could just avoid talking down the pound this weekend so it has a mini rally on Tues that'd be even better. I don't hold out much hope though. Link to comment Share on other sites More sharing options...
notanewmember Posted November 23, 2008 Report Share Posted November 23, 2008 Be wary of fakes http://coins.about.com/od/worldcoins/ig/Ch...erfeiting-Ring/ Link to comment Share on other sites More sharing options...
notanewmember Posted November 23, 2008 Report Share Posted November 23, 2008 China suffered hyperinflation after banning the ownership of silver. http://en.wikipedia.org/wiki/Chinese_yuan In 1935, the Kuomintang Government enacted currency reforms to limit currency issuance to four major government controlled banks............The circulation of silver yuan coins was prohibited and private ownership of silver was banned. ......In the aftermath of the Second World War and during the civil war which followed, Nationalist China suffered from hyperinflation, leading to the introduction of a new currency in 1948, the gold yuan. Second (Gold) yuan, 1948-1949 Banknotes of the first yuan suffered from hyperinflation following the Second World War and were replaced in August 1948 by notes denominated in gold yuan, worth 3 million old yuan. There was no link between the gold yuan and gold metal or coins and this yuan also suffered from hyperinflation. Renminbi yuan, 1955- A new yuan was introduced in 1955 at a rate of 10,000 old yuan = 1 new yuan. It is known as the renminbi yuan. And it continues, newer currencies replace the old one at alarming exchanges. Worth a read. Link to comment Share on other sites More sharing options...
kernull Posted November 23, 2008 Report Share Posted November 23, 2008 Link to comment Share on other sites More sharing options...
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