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  1. Excuse my ignorance ... If the COMEX price of gold is diverging from the physical price ... what will happen to the price of bullionvault gold ? I guess its always set by the COMEX price right ? ... so if the COMEX market blows up what happens to bullionvault prices ?
  2. So as I understand it COMEX price of commodities does not represent the true value of the commodities in the real world. The difference is getting greater and greater and physical gold is harder and harder to get hold of. From information I've read, contracts can be settled in cash rather than the commodity iteself. Of course the cash spot price doesn't buy you an equivalent amount of the commodity, therfore, why would anyone want to be a buyer ? Still, financial institutions can continue to 'sell' on the COMEX without actually owning the commodity ... futher supressing the price and widening the gap between COMEX price and true price. Basically, sellers still want to sell but increasingly buyers are unwilling to trust the market. Hence the low price of gold at a time when it should be a safe haven. If COMEX is about to default ... does that mean the spot price will drop to almost zero ???? and who prices physical gold then ? Bullion vault .... worthless, unless you fly over to zurich to get it, right ?? and would you even be able to get hold of it or the COMEX spot price in cash ?
  3. RMB is pegged to a basket of currencies (they seem to change the weightings frequently too) ... its appreciated against the dollar until recently when USD started its rebound.
  4. only took me 20 years ... you see ... the trick is to click randomly, buying multiple properties at the same time, hoping for the best. ... in true BTL spirit
  5. just tell us for god's sake man ... what did she say ?????? .. such a cliff hanger!
  6. Ha .... love it ... "4 bedrooms - 3 reception rooms - 4 bathrooms - Garage - 2 parking spaces If you have other questions about this property, please telephone 0845 402 9510 (low call rate). " LOW CALL RATE !!!! like you'd give a sh*t if you had 3 mil to waste on that
  7. The interest rates are increasing because the Japanese are beginning to have an appetite to spend again. Recovering economy ?
  8. What do people think of the Japanese housing market? Its been tipped in Money Week recently and theres an LSE AIM listed security (Japanese Residential Investment Company JRIC) that looks quite interesting. Surely there cant be much downside given this market has been on its knees for some time ... extra potential for upside with the appreciating Yen. Could a global property sell-off (starting in the US and later Europe) affect Japan? Any thoughts?
  9. LL - where in docklands? - i'm renting in Canary Wharf and my Landlord has been trying to sell the property for 6 months now (silly price £370k for 2 bed flat). He recently uped it from 360k BTW
  10. Lets face it - BTL'ers in the current climate are your average joe (last dormant f**kers pilling in when the boats already sailed) - most of whom probably have no idea what SIPPS are.
  11. but surely all these job cuts increase the likelyhood of a rate cut - leading to more HPI
  12. I'm currently arguing with my flat mate (trader at DB) that interest rates are looking increasingly likely to rise while he believes there will be a cut. I know we've been through it all several times, but I'd like to compile a set of bullet points in favour of both directions .... can you add/amend anything you can think of as a factor or possibly change the order based on items that place most pressure on BoE. Interest Rate Increase: 1) Sterling v low 2) To Cool the housing market again (reported to be rising again by VIs) 3) Threat of Importing inflation from US, Europe etc 4) Rising factory gate prices Interest Rate Decrease: 1) Rising unemployment Ok - I admit i dont have very many so far
  13. Ha - its typical. I've said before that so many people are blissfully unaware of how their payments may change over time with increasing interest rates. This guy doesn't even know if he will ever 'own' his house or not - although i'm sure he's first to say it beats renting. People should be given better advice when making the largest purchase of their life.
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