DiggerUK

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About DiggerUK

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  1. Sorry Errol, but in the first paragraph, this article reveals it’s just tosh. When it claims....”As the physical demand from the eastern hemisphere pushes the price higher, the operators of the LBMA and Comex print large quantities of paper gold (gold futures, forwards) in order to satisfy the demand of hedge funds....” It is a shame you didn’t at least do some reading of the LBMA’s document on OTC Trading I posted a few pages back. For a start, the COMEX and the LBMA trade differently, and secondly the price has been pushed lower..._
  2. That’s given me a brilliant idea for a new thread.....”Fake gold strategy in the current economy, and its effect on global warming during brexit negotiations”......just one problem, how do we stop the loonies from posting..._
  3. This is my article of choice when answering such questions. https://moneyweek.com/a-beginners-guide-to-investing-in-gold/ My dealers of choice for physical are :- http://www.elminvestments.co.uk/gold-coins.html https://atkinsonsbullion.com/ Have not found better prices anywhere else..._
  4. More from the LBMA. This isn’t the b all, or end all, for all things OTC.....but it’s damned close. Edit, not sure what happened with link. Here it is http://www.lbma.org.uk/downloads/LBMA-TheGuide-2017-v1.pdf It does report, that the total figures for traded gold is still on track for launch next year. The figures for “transferred ounces” confuses many who do not realise they do not relate to traded ounces. This is information I have long wanted to find out, and I am sure it will reveal that gold is the biggest trade on the planet. If not the biggest, then I believe it will be in the top three alongside fx and bonds. We’ll l have to wait..._
  5. Between 4 and 6 Mondays a year are holidays. Rounded off, and averaged off, that’s between 8% and 12% of weekdays Between 1 and 3 Fridays a year are holidays. Rounded off, that’s between 2% and 6% of weekdays Taking the modal average, there are 4x the amount of holidays on a Monday, as there are on a Friday. And randomness is, well, random..._
  6. Could just be the random decisions, of random traders, at random times, for random reasons. Just my random thoughts..._
  7. The ongoing saga of finding out how much gold is traded, in OTC markets, seems to be moving forward at a rate of knots snails, this update from the LBMA (LBMA Alchemist, vol. 87) shows were we are..._ http://www.lbma.org.uk/assets/alchemist/Alchemist_87/Alch87Crowell.pdf
  8. The LBMA issued its latest Alchemist magazine recently. Some articles of worth in it....... I imagine the thoughts of Mr. Butler will be studied by some here..._ http://www.lbma.org.uk/_blog/lbma_media_centre/post/alchemist-87/
  9. Not a world changing amount into physical ETF's. But continues to be on the plus size..._ https://www.gold.org/data/gold-etf-holdings
  10. Quite an article from Sky News. A hack who knows something. Could have gone further, but gets a gold star from me. http://news.sky.com/story/how-gold-takes-the-shine-off-britains-trade-balance-11056152 This has all come about because it has been revealed that gold imports/exports form a massive part of UK trade, to the point were real changes in import /export figures can become whatever..........What a barbaric country this is. https://www.ft.com/content/0407854e-f9d0-11e6-9516-2d969e0d3b65 You can get FT articles by answering the poll questions..._
  11. Atkinsons buy back..........Elm Investments, Bristol, and Hatton Garden Metals, also have a good reputation for buy backs..._
  12. Ninja Bubble

    That's as may be, but not for PCH car deals. All you need to do is go in with some form of i.d., a bank account, and bingo you have a car. It's these sales to ninjas that are going to 'balloon' This same principle can be utilised to sell just about anything, not cars..._
  13. Ninja Bubble

    When cheap, easy money, flows freely, a liquidity crisis soon follows. Debt bubbles bursting is nothing new. The latest wheeze with car leasing, 'is a good plan that can be expanded Stan'. The reports of ninjas obtaining new vehicles struck me as 'silly season' MSM reports. But it is all real.....the reason being that these plans are not loans. If they were, then loans could only be offered after checks as to the borrowers suitability to repay. It is the equivalent of a non returnable advance rental/deposit being paid, followed by a monthly rental, with the option to exercise a 'right to buy' option at the end of the rental period. All fine 'n dandy if the liquidity don't evaporate.https://www.moneyadviceservice.org.uk/en/articles/leasing-a-car Just imagine what could happen if this brilliant wheeze is utilised in the housing market. BLT sharks will be in like fleas on dogs..._
  14. My dealers of choice are Atkinsons, Sutton Coldfield..._
  15. Meanwhile, in the hear and now, Germany gets the gold it wanted repatriated ahead of schedule.......and pog uk stays above £1000.00 per troy..._ http://www.zerohedge.com/news/2017-08-23/german-central-bank-completes-gold-repatriation-new-york-paris-three-years-ahead-sch