hollogramme Posted September 20, 2007 Share Posted September 20, 2007 (edited) Ah. I meant, what mining stocks did you buy? GF take a look at these funds ML Gold and General probably best also take a look at Merry Lynch World Mining investment trust and also Investec Global Gold here:http://trustnet.com/ut/funds/?fund=6352 http://trustnet.com/ut/funds/perf.asp?sort...ll&type=all Edited September 20, 2007 by hollogramme Quote Link to comment Share on other sites More sharing options...
Wlad Posted September 20, 2007 Share Posted September 20, 2007 (edited) $736 now, anybody reckon $800 by the end of the month. It will soon be at the level of about 18 months ago, which means that in the 18 months gold hasn't been a good hedge against inflation (you'd have been better off buying property). Compared to sterling it has got a long way to go to match it's level of 18 months ago. So it looks as much like weakness of the dollar rather than necessarily strength of gold so far. How this will change in the next 18 months is another matter... Edited September 20, 2007 by Wlad Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 20, 2007 Share Posted September 20, 2007 (edited) It will soon be at the level of about 18 months ago, which means that in the 18 months gold hasn't been a good hedge against inflation (you'd have been better off buying property). Compared to sterling it has got a long way to go to match it's level of 18 months ago. So it looks as much like weakness of the dollar rather than necessarily strength of gold so far.How this will change in the next 18 months is another matter... Yes. However, with Sterling's recent weakness we could see bigger moves anytime soon. 12-May-06 725.75 382.739 561.378 20-Sep-07 727.75 362.570 518.451 Well, gold has retreated a little. Good that we're not in a full blown mania yet. Edited September 20, 2007 by Goldfinger Quote Link to comment Share on other sites More sharing options...
Pluto Posted September 20, 2007 Share Posted September 20, 2007 (edited) I couldn't find a little picture of a rocket - but this isn't too shabby for a day's gain: Goldcorp IncNYSE:GG Last: 30.46 Gain: 1.50 5.18% Edited September 20, 2007 by Pluto Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted September 20, 2007 Share Posted September 20, 2007 $737, and going like a helium-filled scalded rat up a drainpipe in a zero-gravity environment with a jetpack driving GF's space shuttle on speed. ... explain please. Gold has done so well in the last 3 weeks, that I have may have to worry about capital gains tax, on my Bullion Vault account in the next few months If I am constantly spread betting, can I avoid capital gains? Or, do I just need to buy britannias = no capital gains, but large spreads (I'm a real noob sorry ) Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted September 20, 2007 Share Posted September 20, 2007 (edited) It would be prudent to put a small short position for gold, for those good at spreadbetting - just incase to "net" any retracement. To hedge your position - there will be profit taking soon, as nothing goes up in a straight line. Edited September 20, 2007 by notanewmember Quote Link to comment Share on other sites More sharing options...
Pluto Posted September 20, 2007 Share Posted September 20, 2007 It will soon be at the level of about 18 months ago, which means that in the 18 months gold hasn't been a good hedge against inflation (you'd have been better off buying property). Compared to sterling it has got a long way to go to match it's level of 18 months ago. So it looks as much like weakness of the dollar rather than necessarily strength of gold so far.How this will change in the next 18 months is another matter... Very true, sterling has been very strong up until a month ago (it was tracking the Euro within a 5% band) , but that all changed when the The HMS UK Subprime started to spring a leak. Now UK's subprime is there for all the world to see. Thanks to NR, the books of these companies are being examined and they, quite frankly, stink like a bad turd. As a result of recently events, the UK property market has stalled, and now the BTL crowd are wondering around with their leather filofaxes wondering what hit them. The confusion will turn to panic and then the whole strong pound, Bob the builder and Mewing Malinda economy is going to come crushing down. Expect sterling to bear the brunt as it is right now crashing against Gold and diving against the Euro. Quote Link to comment Share on other sites More sharing options...
cells Posted September 20, 2007 Share Posted September 20, 2007 Very true, sterling has been very strong up until a month ago (it was tracking the Euro within a 5% band) , but that all changed when the The HMS UK Subprime started to spring a leak. Now UK's subprime is there for all the world to see. Thanks to NR, the books of these companies are being examined and they, quite frankly, stink like a bad turd.As a result of recently events, the UK property market has stalled, and now the BTL crowd are wondering around with their leather filofaxes wondering what hit them. The confusion will turn to panic and then the whole strong pound, Bob the builder and Mewing Malinda economy is going to come crushing down. Expect sterling to bear the brunt as it is right now crashing against Gold and diving against the Euro. this goverment has a trump card up its sleve that almost no one expects (iinc me). this is a get out of jail free card and if done right could make this nation people rich again in real terms and that is....... property soon as the HPI gravy train is done (about now) the goverment can relax planning so much that everyone plus dog can build a property in an empty space (excluding some cases, but very very relaxed compared to now). that will give this country a MASSIVE boom in construction. The spanish with a population of 40mil build 800k homes a year, while us with a population of 65mil build 200k a year. just imagine 800k more homes being build per year, how many more direct jobs is that? 2.5mil? more? how many indirect jobs will benifits from that, hard to say, but its going to be far more than 2.5mil. it would be a massive boom. keeping the people in jobs. for at lest 5 years and on. if i where gordon, i would not worry too much about a housing bust, as long as the nation is in jobs they will be relatively happy! Quote Link to comment Share on other sites More sharing options...
brendan Posted September 20, 2007 Share Posted September 20, 2007 Today was good for gold and it's on a nice looking up trend I think tomorrow will be even more bullish I wouldn't be surprised to see $770/oz. How are you all investing in it? I am spread betting do some of you actually have Gold bars? if so where can you buy them and how many oz's are they per bar normally? Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 20, 2007 Share Posted September 20, 2007 ...if i where gordon, i would not worry too much about a housing bust, as long as the nation is in jobs they will be relatively happy! Cells, you really, really shouldn't smoke that stuff. Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 20, 2007 Share Posted September 20, 2007 Today was good for gold and it's on a nice looking up trend I think tomorrow will be even more bullish I wouldn't be surprised to see $770/oz.How are you all investing in it? I am spread betting do some of you actually have Gold bars? if so where can you buy them and how many oz's are they per bar normally? Some here have accounts for allocated physical bullion with Goldmoney and/or BullionVault. If you want to buy coins (possibly the better choice) you could check out taxfreegold (Chards) or goldline (Bairds). They send it by mail, fully insured. If you only bet on gold (or buy paper gold), you suppress the price as you don'y buy the actual stuff and increase demand. Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted September 20, 2007 Share Posted September 20, 2007 ... explain please. Gold has done so well in the last 3 weeks, that I have may have to worry about capital gains tax, on my Bullion Vault account in the next few months If I am constantly spread betting, can I avoid capital gains? Any profits realised from spreadbetting are tax free. The transaction costs are lower than buying physical gold too. The security is better too. Also, you don't have to put all your money up front, so you can earn interest on the rest, effectively giving your gold holding a 5% yield. In fact I can't see any advantage in holding physical gold. Quote Link to comment Share on other sites More sharing options...
cells Posted September 20, 2007 Share Posted September 20, 2007 Cells, you really, really shouldn't smoke that stuff. create a massive job boom, so that the average person is earning more money in real terms and the majority will not care what house prices are doing. by relaxing building laws in this country so that we can build 800k to 1mil homes a year will create 2.5million new jobs directly in construction. Will create at lest another 1million indirectly. will increase the wages of a lot of people directly (via these 3.5mil new people spending into the economy). at the same time, the tax berdon per person would go down some 10% (since workforce is increasing 10%). That will mean we could whipe off national insurance tax, or lower the basic tax to 10%. That in turn will get even more spending into the economy. it would be a boom compaired to no other, would last a decade, and enrich the people via better wages and cheaper homes! Quote Link to comment Share on other sites More sharing options...
cells Posted September 20, 2007 Share Posted September 20, 2007 (edited) Any profits realised from spreadbetting are tax free. The transaction costs are lower than buying physical gold too. The security is better too. Also, you don't have to put all your money up front, so you can earn interest on the rest, effectively giving your gold holding a 5% yield. In fact I can't see any advantage in holding physical gold. can you rub a spread betting account all over your body and get blisters, if not, gold bugs are not interested! Edited September 20, 2007 by cells Quote Link to comment Share on other sites More sharing options...
brendan Posted September 20, 2007 Share Posted September 20, 2007 Surely however you buy it you reduce available supply. I would have thought that if I make a long bet the broker I use would hedge it by buying Gold futures and that would have an impact down the line on supply when that contract becomes due? I read somewhere that you can make Gold now as well as mine it is there any truth in that? Is it more expensive to produce artificially than to mine and does anyone know if that might have a meaningful impact on the supply picture? Also is there a good place to see the open interest on the futures market for free on the web so that I can get a better idea of the volume I am not used to looking at a chart without volume and I feel handicapped. Quote Link to comment Share on other sites More sharing options...
gravity always wins Posted September 20, 2007 Share Posted September 20, 2007 Any profits realised from spreadbetting are tax free. The transaction costs are lower than buying physical gold too. The security is better too. Also, you don't have to put all your money up front, so you can earn interest on the rest, effectively giving your gold holding a 5% yield. In fact I can't see any advantage in holding physical gold. Your talking derivatives but isn't this what has got us in to this mess in the first place? How can the security of a derivative account with some overleveraged shark organisation be compared to holding physical gold? Neirther is perfect both have drawbacks do a bit of both. The point of physical gold is it is a hedge against a serious meltdown of derivatives. Quote Link to comment Share on other sites More sharing options...
cells Posted September 20, 2007 Share Posted September 20, 2007 I read somewhere that you can make Gold now as well as mine it is there any truth in that? Is it more expensive to produce artificially than to mine and does anyone know if that might have a meaningful impact on the supply picture? you can make any element if you really want to, some elements where discovered by making them as for making gold, it would be unviable, for now, and for the forseable future unless someone can discover a "atomic catalyst", then gold bugs are in shit. although such a discovery would change the world. could potentally use it to turn anything and everything into a supernuke. Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted September 20, 2007 Share Posted September 20, 2007 The point of physical gold is it is a hedge against a serious meltdown of derivatives. The point of spreadbetting is that you can make money. Real money. You know. The stuff with the Queen's picture on it. Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted September 20, 2007 Share Posted September 20, 2007 Cells is back... having read the enite gold thread... I can't wait to hear what you come out with now Quote Link to comment Share on other sites More sharing options...
kilroy Posted September 20, 2007 Share Posted September 20, 2007 Any profits realised from spreadbetting are tax free. The transaction costs are lower than buying physical gold too. The security is better too. Also, you don't have to put all your money up front, so you can earn interest on the rest, effectively giving your gold holding a 5% yield. In fact I can't see any advantage in holding physical gold. not quite. You are not betting on spot gold (well you can, but you ahve to pay daily funding and bidoffer), you normally do it on futures. As a result, if you have USD in cash, the interest earnt on those would be offset by the difference between spot gold and the gold future. One thing I do liek about spreadbetting is that payout can be quantoed directly into sterling. As a result, I benefit twice from USD weakening. Firstly I benefit as gold goes up in dollars, secondly I benefit because the % gain is paid in sterling. So for example, if gold went up 1% and dollar weakend by 1% against sterling, I actually make 2% whereas if I were holding physical, I would only make 1% (clearly the opposite applies). Quote Link to comment Share on other sites More sharing options...
cells Posted September 20, 2007 Share Posted September 20, 2007 Cells is back... having read the enite gold thread... I can't wait to hear what you come out with now dont test me i might say gold is a good idea as money Quote Link to comment Share on other sites More sharing options...
kilroy Posted September 20, 2007 Share Posted September 20, 2007 Your talking derivatives but isn't this what has got us in to this mess in the first place? How can the security of a derivative account with some overleveraged shark organisation be compared to holding physical gold? Neirther is perfect both have drawbacks do a bit of both. The point of physical gold is it is a hedge against a serious meltdown of derivatives. If hedging a derivative meltdown is the only reason for holding then would it not be better to hold physical and sell via derivatives. You get no mtm gains or losses and if things go into meltdown then the derivative will be worthless. As a result, you receive the full perceieved benefit of holding the physical but without the mark to market volatility. If you hold it a store of wealth against normal inflation, then clearly this is not the trade for you. Quote Link to comment Share on other sites More sharing options...
Belfast Boy Posted September 20, 2007 Share Posted September 20, 2007 (edited) dont test me i might say gold is a good idea as money Are you and Magpie related, by any chance? Is he/she your older sibling? Edited September 20, 2007 by Belfast Boy Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 20, 2007 Share Posted September 20, 2007 The point of spreadbetting is that you can make money. Real money. You know. The stuff with the Queen's picture on it. Do you mean these here? Quote Link to comment Share on other sites More sharing options...
Goldfinger Posted September 20, 2007 Share Posted September 20, 2007 Are you and Magpie related, by any chance?Is he/she your older sibling? BB, seriously, don't get them started again! Quote Link to comment Share on other sites More sharing options...
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