safebetter

Just pulled the rock back from over the hole to load up the truck! Long & Strong people - you know it makes sense. Try not to stress -it has been and is going to get even messier. I'm ~95% out of the banking system, feel much better for that. Take it easy all, SafeBetter

An ISA is tax free, no CGT to pay on any profit, yearly limit is restrictive but with good gains you can keep it all shielded. SafeBetter

Physical can present other issues if you ever want to swap assets. An additional option is something like holding or trading a shares ISA. On the recent dip I bought back 22% more shares than I had, you can do that at least once a year. You never lose until you sell - don't lose your head or shirt...... However you can't beat physical in ones hand, but remember a gold bugs portfolio should be balanced - in all things shiny of course!!! SafeBetter

There she blows........ Once the $1224 last high is taken out any bets on the target for this run? Jim Sinclairs $1278 or $1369? Long and strong people.......this could get messy! SafeBetter

Be very diligent if you use this as a source, here is an example: http://cgi.ebay.co.uk/1-TROY-OZ-999-100-MI...350159576513211 This seller states it is not pure gold: "IT HAS A STUNNING COLOR AND IS MIRRORED WITH AN AMAZING SHINE & FROSTED GOLD FEATURES. THIS BAR IS NOT SOLID GOLD AND IS COMPOSED PARTLY OF ANOTHER METAL, HOWEVER IT DOES CONTAIN 100 MILLS OF GOLD. I AM UNSURE AS TO HOW MUCH EXACTLY THAT IS, BUT IT SURE CONTAINS GOLD!!" This seller does not state it is not pure gold, therefore it looks like a bargain: http://cgi.ebay.co.uk/1-TROY-OZ-100-MILLS-...0QQcmdZViewItem DYOR!! SafeBetter

Not sure if this site has been posted before: http://bullionsupermarket.com/Default.aspx Some interesting prices on there, anyone used it? SafeBetter

More news reiterating the short term direction of gold and the long term direction of the dollar. As ever timing is anyones guess Au in GBP looking good anyway Right here is where gold test your betting blood Yellow metal likely to decline further - most see these declines as buying opportunities - but keep some powder dry. Gold prices "The recent gold correction represents a longer-term buying opportunity for the metal and the associated miners—skyrocketing U.S. federal debt is the catalyst. Gold fell to a one-month low of $1,090 per ounce today as a stronger U.S. dollar reduced the impetus to buy the precious metal as a hedge. (Gold typically moves inversely to the U.S. currency.) The greenback rallied to a 10-month high against the euro after the French and Germans said any package to bail out Greece would likely involve help from the IMF. The news of any IMF involvement is undermining confidence in the European Union and has investors questioning the long-term viability of the euro. The euro also came under pressure in reaction to Fitch Ratings {having lowered] Portugal's credit rating. While the U.S. dollar could rally and take gold down further in the short run, due to current troubles in Europe, it is unlikely that the U.S. currency will strengthen and gold decline on a consistent basis over the long run. BMO expects gold to be firm over the next two years, with considerable upside risk owing to the massive increases in the U.S. budget deficit. The growing public obligations imply a risk of monetization, which could result in a lower dollar and higher inflation—catalysts for gold investment demand." I like 'considerable upside risk' :lol: Gold Again Slips Sub-$1100 But "Don't Sell" Says SocGen, as "Long Emergency" in Western Debt Beckons SafeBetter

Agreed GF - long way to go yet before this bull runs it course. I think the hardest time for gold bugs is during these choppy consolidation periods where it pulls hard on the emotions, but the big picture says it all Gold firms as Euro steadies SafeBetter

Short term bearishness for the Gold price BTW Good to see Dale Winton cashing in on the mania - you aint seen nothing yet Dale!! SafeBetter

Perhaps the plan is for the markets to spook the gold price down, China buys the IMF gold, then off we go! Anyway, take heart: Time is running out for the US Dollar As Armstrong says, it's only time SafeBetter

Caveat Emptor: http://www.kitco.com/ind/Conner/mar242010.html Checkout the section on gold, could be in for a rough ride - tin hat time again LOL :lol: "I’m expecting the correction in stocks will also correspond to the final leg down in what now looks to be a D-wave decline in gold that will most likely test the $1000-$1025 level. The left translated character of the current daily cycle is also confirming this." Long and strong people, long and strong SafeBetter

A few more classics from the Wilson's: http://www.dailymail.co.uk/news/article-12...es-sale-go.html They seem to be moving rapidly down the Sunday Times Rich List, if they get out of this without debt then fair play to them. "Now, if they sell their portfolio for the £180million asking price, after paying off their meagre borrowing debt (£45million) and taxes, they will retire with a cosy nest-egg of around £100million." Whats £70m amongst friends - it was worth £250m, damn our market timing Fergus! "They made the decision to sell up after the recent resurgence in the property market, but stress they will strive to ensure their tenants keep their homes. Mr Wilson also wants to spend his retirement mentoring other landlords." What on how to mis-time the market OR is it negative rental yields! They might be good at maths, but god are they detached from the real world "Mr Wilson intends to take part in TV property programmes to mentor 'buy to let' buyers and people purchasing their own homes." I think Phil/Katie/Sarah+other C listers have this market cornered, don't they know Carol Smiley is at the front of the queue! http://www.dailymail.co.uk/news/article-12...let-empire.html "Judith and Fergus Wilson, proud owners of a £180million property empire. In fact, their fortune probably peaked at a staggering £250 million - although that doesn’t stop property experts labelling them Britain’s first buy-to-let billionaires." :lol: Typical property rampers estimates - so £180m = £Billionaire hmmmmm "Yes, property prices are up almost 8 per cent since March, and estate agents are urging budding landlords to buy now to cash in on rising rental prices - but the Wilsons have had enough." Read "It's just dawned on us this sucker is going down!" "The difference between interest rates and rent prices will never be as good as it is now so if we sell, we’ll make more profit than we will any other time in the near future." Read "If we don't sell now Fergus there's a good chance prices will never recover in your lifetime" These kind of quotes always come back to haunt you: http://www.dailymail.co.uk/sport/otherspor...-outsiders.html "But Fergus believes that their intolerance to outsiders and their attitudes stems from not seeing beyond their noses," Shame he couldn't see past his when he missed the market top! Not like these guys: http://www.guardian.co.uk/business/2007/ma...ket.houseprices Perfect timing http://news.bbc.co.uk/1/hi/business/6330661.stm And finally one more clever dick who has gone down the tubes: http://business.timesonline.co.uk/tol/busi...icle6881640.ece Wondering who he is? Was one of the cocky interviewers on The Apprentice: SafeBetter

Are we right at the "Bull Trap"? Given we are 12-18 months behind the US I believe the current excitement about rises will wither along with all those green shoots as we bounce along the bottom of the barrel for several more years to come. My call is a bottom 2012-13 SafeBetter

Hold on CIGA's - we're just warming up! http://www.goldalert.com/stories/Gold-Pric...rinflation-Risk Long and strong, I've never been so sure of anything in my life! SafeBetter

The break above $1000 is getting lots of attention with the talking heads, anyone else see this below: GMT 20:17 - Mary Ann Bartels (BoA/Merrill Lynch) talking to Carol Massar (Bloomberg News - US) "Gold is forming a head and shoulders BOTTOM" - WOW never thought I'd hear that - should we be worried - NO - masses just playing catch-up! A few more articles quickly up there, they are usually slow to acknowledge the good news: Gold jumps to 18 month high on.... US Stocks rise for a 3rd day as gold tops $1000 The masses finally pulling their heads out of their a$$e$?! Hang on, stay long and strong - you can't read this market with TA SafeBetter