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stargold

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About stargold

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  1. Is it me or do things feel like they might be bouncing back a bit too quickly? Talk of Green Shoots, Housing market activity picking up, retail spending picking up, improving stock market (sort of), and improving business confidence? I firmly believe that the press feeding frenzy over MPs Expenses actually may have given sentiment a lift as the press were doing to death that story, instead of depressing the Public over the Economy. Is this the real deal? A temporary blip, or completely artificial response to Government stimuli which will ultimitely lead to massive inflation? Your collective wisdom is sought and appreciated....
  2. I notice that the premiums being fetched for gold coins and bars on ebay (see http://bullionsupermarket.com ) appears to be returning to some degree of sanity following the crazy premiums we were seeing in the past. I am wondering if this is down to some of the people who bought "at any price" when financial armagedon seemed likely are now selling back as the perceived risk receeds. Ironic really as I feel that looking forward, the inflation driver will probably take over and push PMs higher. Ebay is now looking to me like a viable market to buy gold coins again. Just after some insights...
  3. The last Gold spike was in the early eighties when it reached around $850 but the current "spike" looking at the long term chart is more sustained. Gold bulls will also point out that the $850 peak inflation adjusted is the equivelent over $1500 we are n where near yet.
  4. http://www.bullionsupermarket.com shows all the ebay silver (& gold) items and their premiums against the Gold Price. It gives a pretty good indication of what the prevailing market premium is. I have noticed that the premiums especially on silver are pretty erratic & jump around a fair bit.
  5. I have seen alot of talk about the safety of Ebay. I have been buying coins (gold and silver) on ebay for 4 years and have never had a problem. The Post Office once lost a sovereign but later traced the package and delivered. I always buy from people with good feedback or a dealer (most of the big boys do some selling on Ebay.) Never had an issue. I did used to have problems working out the premium I would be paying on ebay items, but since have been using bullion supermarket to do this for me. I summary. Buy from a seller with good feedback, pay for special delivery, pay by paypal, you shoud be OK
  6. dr ray, A very astute question. Basically, my thinking at the time was that things in the economy were going to deterioriate pretty badly pretty soon. Even in 2005, the signs of spiralling consumer debt were there, the housing market showed no signs of slowing, inflation was being held artifically low, and things just felt (to me at least) "toppy". I started reading a few contrairian investing blogs, including this one, and noticed a few people had started to tout gold. Gold appeared to have put in a bottom a year or so earlier, largley thanks to Gordon Browns "genius" pre-anounced sale of Half the countries gold reserves. I wanted an Insurance policy to act as a hedge against my other portfolio areas, which at the time was largley property & equities based. I purchased the first coins through Bullion dealers in Blackpool and London, but since then have been purchasing on ebay using http://www.bullionsupermarket.com to find the best deals. I am a stong advocate of Gold but I am not a GoldBug. Back in 2005 I anticipated the main driver of the Gold price to be runaway inflation, I was wrong, to date it has been financial instability. But I feel that looking forward, with goverments racing to devalue their currencies by effectively printing money to be spent in "Fiscal Stimulus" programs and Financial Sector bailouts, the inflation driver will come back to the forefront.
  7. I have been using http://www.bullionsupermarket.com to find the best value items on eBay. It is a free service that tracks the premiums on bullion coins and bars in UK, US, Australian & Canadian eBay sites. It doesn't see everything as they filter out alot of the junk, but it is very useful tool.
  8. I have been using http://www.bullionsupermarket.com to find the best value items on eBay. It is a free service that tracks the premiums on bullion coins and bars in UK, US, Australian & Canadian eBay sites. At very least it will give you an idea of what you should be paying.
  9. I own Krugerrands, Maples and Soveriegns. I have bought them in 2005 against the advice of my IFA, or indeed anyone else I spoke to about it. Four years later they have been consistently the best performing part of my portfolio. I believe it is still worth buying. With dealers short on stock, I buy a coin a month through eBay. I have been using http://www.bullionsupermarket.com to find the best value items on eBay. It is a free service that tracks the premiums on bullion coins and bars in UK, US, Australian & Canadian eBay sites.
  10. I think that owning gold coins / bars is the best way to hold gold. You eliminate the counter-party risk that exists with any "paper" asset. With the coin dealers struggling on the availability side recently, I have been using http://www.bullionsupermarket.com to locate the best gold and silver coins on ebay. It is an excelent tool for finding the items for sale at the lowest premiums over the Gold/silver price.
  11. Yes. I'm in the same boat. This has been the case for a while. Last time I called a large Bullion dealer in London, they admitted to me they had just one Krugerrand in stock!!!!!! I use a http://www.bullionsupermarket.com which is a tool that searches ebay and compares prices to the Current gold fix to identify the best value stuff. It covers lots of other alternatives to Krugerands too. Maples etc
  12. The gold eBay secondary market is bigger than one price comparison site. we use this one: http://www.bullionsupermarket.com We find it easier to use
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