endgame Posted October 16, 2009 Share Posted October 16, 2009 Strange how gold threads get moved to the gold section except Realist Bears gold negative threads that are rediculous and have been wrong many times. What is this guys problem with gold? Go get a life FFS! Quote Link to comment Share on other sites More sharing options...
winkie Posted October 16, 2009 Share Posted October 16, 2009 Hey....I can't get my head around what gold does or can do for you, excuse me for my ignorance, at least you can live in a house, pounds can buy you a brilliant lifetime experiences such as traveling, living and learning...it is wise to protect your future but better to live for today...when will you sell your gold? and what would you do with the proceeds taking that you can/able to? Quote Link to comment Share on other sites More sharing options...
scepticus Posted October 16, 2009 Share Posted October 16, 2009 care to elaborate on your views, some timescales and price predictions would be nice no thanks on the timing. gold is a political hedge, not inflaton hedge. political risk is subsiding. as an inflation hedge it is overprice even were serious inflation to occur. Which it wont. however if it looks like the tories have won the GE and not changed their policies, I'll be back in gold before GO has a chance to utter a word as chancellor. Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted October 16, 2009 Share Posted October 16, 2009 Im planning to buy a single sovereign. Any advice? Quote Link to comment Share on other sites More sharing options...
Errol Posted October 16, 2009 Share Posted October 16, 2009 The fact that they are gold 'traders' gives you a big clue. They are idiots. Trading gold in the current environment is just silly. Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 16, 2009 Share Posted October 16, 2009 Trading gold in the current environment is just silly. No, it's just very profitable, about as hard as shooting fish in a barrel. Quote Link to comment Share on other sites More sharing options...
1888 Posted October 16, 2009 Share Posted October 16, 2009 Im planning to buy a single sovereign. Any advice? buy a modern coin not an old Victorian one as you can see the buy/sell prices have quite a difference Great Britain Name: Gold Content: Buy Price: Netto Price: Brutto Price (incl. VAT): <a href="http://www.coininvestdirect.com/main.php?a=11&id=58" target="_self" onmouseover="javascript: document.images.category_image10.src = 'thumbnails/036.jpg';">1 Sov. Victoria 7.32 Gramm £150.00 £169.48 £169.48 1 Sov. Edward VII 7.32 Gramm £151.42 £162.33 £162.33 1 Sov. Elisabeth 7.32 Gramm £150.68 £159.24 £159.24 1 Sov. Georg V 7.32 Gramm £151.42 £162.33 £162.33 Quote Link to comment Share on other sites More sharing options...
geoffk Posted October 16, 2009 Share Posted October 16, 2009 Will the gold stocks crash along with the stock market just like they did in 1929 ?? Quote Link to comment Share on other sites More sharing options...
Georgia O'Keeffe Posted October 16, 2009 Share Posted October 16, 2009 (edited) im pretty sure gold would have crashed like everything other asset class other than cash due to deflation but actually it didnt because the price was fixed through the depression edit (soz didnt see you said gold STOCKS) i think June 08 thru december was pretty good heads up that if deflation happens gold stocks will tank (and really what is realist bears obsession with hating gold, did your parents smack you round the head with an ingot when you were a nipper or something) Edited October 16, 2009 by Tamara De Lempicka Quote Link to comment Share on other sites More sharing options...
wren Posted October 17, 2009 Share Posted October 17, 2009 Is it possible that some of these traders are short? Midgets. Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 17, 2009 Share Posted October 17, 2009 Written in 2006. http://www.gata.org/files/CheuvreuxGoldReport.pdf Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted October 17, 2009 Share Posted October 17, 2009 Will the gold stocks crash along with the stock market just like they did in 1929 ?? Why do you think the stock market will crash? It did in 1929 because that was a stocks bubble; this time it was a property bubble. There's only one crash coming. Quote Link to comment Share on other sites More sharing options...
MrPin Posted October 17, 2009 Share Posted October 17, 2009 Why do you think the stock market will crash? It did in 1929 because that was a stocks bubble; this time it was a property bubble. There's only one crash coming. Hi Mr Hovis! I think I pointed out on a another thread that the world isn't running out of gold! If somebody hoards it, people think it's rare, and the price goes up! It's only pretty, and you can make pen-knibs and earrings from it ! Quote Link to comment Share on other sites More sharing options...
Justice Posted October 17, 2009 Share Posted October 17, 2009 I still think gold is the ultimate ponzi play though. wot compared to fiat paper or the recent bank bailout i think not Quote Link to comment Share on other sites More sharing options...
Justice Posted October 17, 2009 Share Posted October 17, 2009 personally, I'm more bullish on silver long-term, but hey... you pays yer money you makes yer choice Did you know that once silver was valued at the same price as gold and europe and the USA pegged the price at one stage at a ration of 14-1 Silver is an industrial metal and as such a lot of it is destroyed so that the amout of silver above hte ground is no bigger then the total gold above ground. yes i think Silver is a good bet but what i can not understand is why is it that both silver and gold did not go to the moon a year lasat september when we were on the edge of a meltdown ? my take is they just pump out more paper stuff even if they take a haircut on the deal as fiat paper must be preserved at all cost as we have seen from the banksters bailout but sooner or later industry will need the real physical stuff so then we will see if anyone is swimming without clothers on. Quote Link to comment Share on other sites More sharing options...
endgame Posted October 17, 2009 Share Posted October 17, 2009 Hi Mr Hovis! I think I pointed out on a another thread that the world isn't running out of gold! If somebody hoards it, people think it's rare, and the price goes up! It's only pretty, and you can make pen-knibs and earrings from it ! Gold is money. It was abandoned for ww1 as the mass slaughter could not have been financed with honest money. The great fraud of stealing the peoples gold in exchange for paper continued after the war. The paper money could be devalued so that the people had no store of their wealth and efforts outside of the system. Most of the people forgot that gold and silver is money and foolishly think of it as only jewelery. Quote Link to comment Share on other sites More sharing options...
Carabansity Posted October 17, 2009 Share Posted October 17, 2009 Im planning to buy a single sovereign. Any advice? Male or Female? I would avoid the British Royals as they are all chavs. I have no idea how much they might be these days, but, I think in general the European royals cost less than their British equilvalents. If you are looking for a cute female soveriegn can I suggest Princess Victoria of Sweden, she is HOT! If it is a lad you are wanting to despoil then perhaps her brother might be what you are looking for Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted October 17, 2009 Share Posted October 17, 2009 Hmmm, but will Princess Victoria of Sweden hold her value in 10 years time? Quote Link to comment Share on other sites More sharing options...
Minos Posted October 17, 2009 Share Posted October 17, 2009 Why? Not being critical. Just interested. It will just about buy you a one way airline ticket out of the UK but as a store of wealth one is almost pointless. But you are right to start with one if you might get more. Try London Mint Office - they will sell you one as a loss leader for £139-even a nice 2009 UNC. After you get it email them and tell them you don't want any more otherwise they send you another a month later for £350 odd. Get all your family to do the same (different addresses needed) and you can get more at the same price. You tight b*stard. I like your thinking. Quote Link to comment Share on other sites More sharing options...
dr ray Posted October 17, 2009 Share Posted October 17, 2009 Im planning to buy a single sovereign. Any advice? Why? Not being critical. Just interested. It will just about buy you a one way airline ticket out of the UK but as a store of wealth one is almost pointless. But you are right to start with one if you might get more. Try London Mint Office - they will sell you one as a loss leader for £139-even a nice 2009 UNC. After you get it email them and tell them you don't want any more otherwise they send you another a month later for £350 odd. Get all your family to do the same (different addresses needed) and you can get more at the same price. Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted October 17, 2009 Share Posted October 17, 2009 I just want to own a coin, feel it in my hands. Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted October 17, 2009 Share Posted October 17, 2009 Why? Not being critical. Just interested. It will just about buy you a one way airline ticket out of the UK but as a store of wealth one is almost pointless. But you are right to start with one if you might get more. Try London Mint Office - they will sell you one as a loss leader for £139-even a nice 2009 UNC. After you get it email them and tell them you don't want any more otherwise they send you another a month later for £350 odd. Get all your family to do the same (different addresses needed) and you can get more at the same price. Hehe, Chards rip into them over this. http://www.goldsovereigns.co.uk/londonmintoffice2009proofsovereign139pounds.html Quote Link to comment Share on other sites More sharing options...
dr ray Posted October 17, 2009 Share Posted October 17, 2009 (edited) Hehe, Chards rip into them over this. http://www.goldsovereigns.co.uk/londonmintoffice2009proofsovereign139pounds.html Chards p!ss me off. They seem to think they are the only people who should be allowed to sell coins. He rips into the Royal Mint, ebay, London Mint Office and anyone else with the cheek to try and steal his customers. I just bought a rare 4 coin set of 2005 proof sovereigns for several hundreds of £ less than Chard sell them. I never had a problem with London Mint Office. The odd time they did send a second coin I phoned them and they sent me a label for free return special delivery postage. Never any arguement. Even when they found out I had applied half a dozen times they just told me I should't really have done it but sent another to my work address! Edited October 17, 2009 by dr ray Quote Link to comment Share on other sites More sharing options...
dr ray Posted October 17, 2009 Share Posted October 17, 2009 I just want to own a coin, feel it in my hands. I'm afraid a sovereign is a bit of a disappointment if this is what you want. £150 doesn't buy a very tactile lump of gold. You need a Krugerrand or a gold £5 for this or else some silver dollars or British silver crowns which are a nice chunk of metal with a metal value of around £7-8. Very occasionally you can get them for £10 or less on ebay Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 17, 2009 Share Posted October 17, 2009 (edited) wot compared to fiat paper or the recent bank bailout i think not Fiat is worse, just about good enough to be used as wallpaper IMO. That's why I have quite a bit of gold despite my many reservations. Edited October 17, 2009 by williamdb Quote Link to comment Share on other sites More sharing options...
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