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  #101  
Old 28.09.2010, 14:49
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Re: Gold Buying

may be you can buy gold very esay as much as you want from here if

you think you will be there



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  #102  
Old 28.09.2010, 14:56
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Re: Gold Buying

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Good point. One of the reasons for the inflation in gold price is surely due to the weakening of the dollar. But 25% is not a bad return.
weakening of the dollar also good point
Yes 25% is about 10 years (or more) better than you get from Banks or Post office
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  #103  
Old 28.09.2010, 15:25
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Re: Gold Buying

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weakening of the dollar also good point
Yes 25% is about 10 years (or more) better than you get from Banks or Post office





Gold has risen against the Swiss Franc over the last two years so having gold was better without doubt than Swiss Francs
Gold has risen substancially more against the dollar becuase the dollar has got weaker.

The question is; will gold continue to rise against the dollar?
I would say yes because:
1) Total uncertainty
2) 2nd lot of Quantative Easing (printing money to you and me)
3) Ireland will default and have to be bailed out by IMF and EC (well Germany at the end of the day)
4) UK will have to also have Quantative Easing.
5) There is an actual physical shortage of Gold
6) I think the ETF's are the next financial instrument to go bang.

I would also expect the Swiss Franc to rise against the Euro, US Dollar and GB Pound.
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  #104  
Old 28.09.2010, 16:04
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Re: Gold Buying

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Gold has risen against the Swiss Franc over the last two years so having gold was better without doubt than Swiss Francs
Gold has risen substancially more against the dollar becuase the dollar has got weaker.

The question is; will gold continue to rise against the dollar?
I would say yes because:
1) Total uncertainty
2) 2nd lot of Quantative Easing (printing money to you and me)
3) Ireland will default and have to be bailed out by IMF and EC (well Germany at the end of the day)
4) UK will have to also have Quantative Easing.
5) There is an actual physical shortage of Gold
6) I think the ETF's are the next financial instrument to go bang.

I would also expect the Swiss Franc to rise against the Euro, US Dollar and GB Pound.
I agree with 1.
2. - this has been openly discussed so is likely
3. News from Ireland does not look good but not so sure bail out will be needed but then I am no expert.
4. Not sure, pretty soon they will be hitting hyperinflation as the price of imported goods aligns with the new exchange rates.
5. Really? I know the central banks have pretty well stopped selling.
6. I hope so because then would be a good time to transfer physical gold into CHF; it needs somebody to buy a lot of physical gold & enough ETFs so when they call for the metal then the market goes bang - they could make a lot of money from their physical gold but it is a risky strategy.....
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  #105  
Old 29.09.2010, 10:21
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Re: Gold Buying

Re point 6. it has been reported that big hedge funds were actually selling gold futures vs. their exposure in the GLD ETF....

Hmmm....?


P.
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  #106  
Old 29.09.2010, 10:26
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Re: Gold Buying

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Re point 6. it has been reported that big hedge funds were actually selling gold futures vs. their exposure in the GLD ETF....

Hmmm....?


P.
More paper to protect paper.....

Reminds me of the story about a group of people who were trading in boxes of herring. One of them opened a box & complained the fish were bad - reply was "they are for trading not consuming".

Interested to see what happens if somebody opens the gold box.
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  #107  
Old 29.09.2010, 11:24
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Re: Gold Buying

Also keep in mind, commodities like gold can become Bubbley more likely, compared to currencies like CHF.
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  #108  
Old 29.09.2010, 12:22
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Re: Gold Buying

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More paper to protect paper.....

Reminds me of the story about a group of people who were trading in boxes of herring. One of them opened a box & complained the fish were bad - reply was "they are for trading not consuming".

Interested to see what happens if somebody opens the gold box.
Re. the herring ... LOL...that's a very famous jewish joke there :-)

re the gold futures sold short vs. GLD. It will be interesting to see if/when they have to deliver the gold and try to get their 400 oz bars from World Gold Trust Services, LLC (424 Madison Avenue, 3rd Floor
New York, New York 10017). Apparenty there is a contractual clause whereby the aforementioned cannot guarantee the origin, quality, etc of the bars stored in the various storage facilities. There will be plenty of brown stuff flying IMHO!!

P.
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  #109  
Old 29.09.2010, 12:27
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Re: Gold Buying

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Also keep in mind, commodities like gold can become Bubbley more likely, compared to currencies like CHF.
Nahh not really. Bubbles can form everywhere. Especially on swissie because there are much less Sfr in circulation vs. say USD or EUR.
Add derivatives positioning - currently at around 1.8 bln swiss francs, according to the exchange - which can be built against a minimal nominal collateral, and you can indeed get into situations where the market gets totally skewed to one or the other extreme. Especially when investors get jittery and/or hysterical (maybe it's the same thing, after all, haha...)

P.
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  #110  
Old 30.09.2010, 08:48
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Re: Gold Buying

Courtesy of Mr Beat Siegenthaler (UBS):
Quote:
-The Swiss franc will be a major beneficiary of any
additional QE measures. Together with gold it is the
ultimate safe haven currency in a world that fears
currency debasement and competitive devaluation.
-The franc is now fundamentally expensive and the SNB
hopes that an inevitable economic slowdown will lead to
a natural correction. However, safe haven flows may be
largely indifferent to fundamental valuation.
-Positioning is not heavy, except for speculative flows,
which suggests that following a short-term correction,
any QE measures could push the franc stronger still.
...
If someone needs the full analysis, pls drop me a PM.

Ciao

P.
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  #111  
Old 30.09.2010, 10:45
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Re: Gold Buying

UBS out in full force today :-)
The following excerpt courtesy of Dr. Edel Tully (emphasis in italic underscored is mine)
Quote:
Currency Wars and Gold
Expectations that major central banks - the Fed, BoJ, BoE, ECB - will resume quantitative easing over the coming months have moved up a notch this week, giving greater importance to gold's role as a hedge against currency debasement, and greater force to safe-haven demand for the yellow metal. On the other hand, the spectre of competitive currency
devaluation worldwide raises the possibility of a move towards protectionism and trade barriers in emerging markets; threatening deflation and slow growth, which are not ideal conditions for gold strength. Based on our conversations at the annual LBMA conference in Berlin this week, we do not believe the gold community is concerned about the potential for deflation, but rather that it looks for the monetary policy tools used to head off deflation to ultimately drive gold higher.
This should remind us that the expectation of an event is quite
often more price-influential than the reality.
.....
Etc, etc.

'Later

P.
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  #112  
Old 30.09.2010, 11:00
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Re: Gold Buying

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UBS out in full force today :-)
The following excerpt courtesy of Dr. Edel Tully (emphasis in italic underscored is mine)


Etc, etc.

'Later

P.
I actually hope this statement makes the price of gold fall so I can buy some of the reall Gold.

I don't see the relevance to his statement and trade embargos would make very little difference to the real hard stuff Gold (not ETF and other bits of paper).
Gold is purely driven on supply and demand and there is not much of it and a lot of demand for it.
The uncertainty of the governments and economy is the driver of the demand for gold; nothing else.
Anyone with the real Gold will probably be very reluctant to part with it(most people who possess it will not need to spend it in the near future) even if it falls and it will not fall a lot because of this; however the real value of money more than likely will.
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  #113  
Old 30.09.2010, 13:47
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Re: Gold Buying

Just some cons of holding golds:

http://finance.yahoo.com/banking-bud...d=bb-budgeting
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  #114  
Old 30.09.2010, 16:39
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Re: Gold Buying

Gold bullion dispensing ATM's [NBC Miami] are being installed in Miami & Las Vegas.
Apparently, they already exist in Europe. Anybody seen one?
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  #115  
Old 30.09.2010, 16:58
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Re: Gold Buying

Apparently one has been installed at the Orio Al Serio airport (Bergamo, northern Italy).

Is it the sign of an impending top in bullion....?

Paul
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  #116  
Old 01.10.2010, 22:56
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Re: Gold Buying

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Is it the sign of an impending top in bullion....?
I don't see the slightest reason why bullion should be anywhere near a top.
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  #117  
Old 04.10.2010, 09:42
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Re: Gold Buying

Newspapers are reporting a rumour today that JPMorgan have re-opened their New York vault (closed in the 90's) which implies a growing demand to store the actual metal!

I would be cautious about buying gold from ATMs - might be difficult to re-sell; I mean proving the quality.
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  #118  
Old 07.10.2010, 14:50
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Re: Gold Buying

Also sprach Dr Edel Tully (UBS):
Quote:
...There have also been countervailing signals for gold: over the past 24 hours we have seen more interest in downside protection, and the fact that gold is now being discussed in a tabloid newspaper (The Sun) indicates that it is being watched by the masses and suggests gold is due a correction in the short term....
Now back to the other brands of bubblegum

P.
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  #119  
Old 07.10.2010, 15:58
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Re: Gold Buying

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Apparently one has been installed at the Orio Al Serio airport (Bergamo, northern Italy).

Is it the sign of an impending top in bullion....?

Paul
That depends on whether you believe we have reached a top in government and central banking madness? I doubt it. But the volatility in gold will certainly increase.
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  #120  
Old 07.10.2010, 16:20
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Re: Gold Buying

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Also sprach Dr Edel Tully (UBS):

and the fact that gold is now being discussed in a tabloid newspaper (The Sun) indicates.....

Now back to the other brands of bubblegum

P.
Gold was discussed in Blick as well -
Easy job at UBS Just read the newspapers
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