Schaublin

A disgraceful example of partisan moderation. Fitkid is a great contributor - to prevent him posting is an insult to everyone here.

Yes, but that is where your gold is kept in 'safe' custody not an actual contract to deliver a gold coin.

Looks like all the online PM dealers are on lock down. Edit: So for a short period of time, physical is not available at any price!

Pity the poor buggers that are selling though!

Agreed, brilliant fitkid! The temporary alchemy which enables turdling and other exhausted fiats to be changed into gold will not last too long.

Waiting for corrections is a mugs' game. Go back and see people waiting for corrections in 2005 2006.... The desire to get more ounces tomorrow is actually a misplaced faith in fiat currencies. Of course there are corrections but looking at the accelerating trend lines it really is like trying to pick up pennies in front of a steamroller - not particularly greedy as only pennies are involved but is it really worth it?

Looks like the Indian rope trick! Debt ceiling nonsense perhaps. Looks like more printing (what a surprise).

The guy seems to only have just realised that property should be sold - 4 years too late to take full advantage of the fact. As for the rest of the advice, well, keeping the house makes more sense as at least you will still have something left as opposed to nothing. ETFs government and corporate bonds - banks and insurers - yeah! He says that America will not default or devalue. Eh? The default will be de facto by devaluing - all the way down to zero. Edit: And when did precious metals become 'rocks'? Why am I reading such drivel when I could be out on my bike!

Yes, you have summed it up succinctly but the wannabe rentiers do not want to shatter their dreams by listening and the current leveraged BTL crew think that nanny Central bank will bail them out forever.

It is unclear to me whether the tail is wagging the dog or the dog wagging its tail but there is no disconnect between paper price and real price at the moment - at least as far as small quantities are concerned ( a side effect of this is that physical gold can still be bought at stupidly low prices). I do not understand the delivery mechanisms regarding the LBMA and do not know what level of fraud is going on at the CONmex but I base my reasoning simply on arbitrage - If physical sales price started to creep above paper price, whatever physical existed in paper markets would leak out into the real world - perhaps it already is. I keep my eye on CID and similar and ebay and I believe that when a disconnect in price between these real world prices and spot price starts to happen, the spot price will fall quickly - perhaps down to zero as FOFOA has written. That will be an interesting day..

Yes, that is right but activity in the real world - of bullion being acquired for fiat and put into storage must affect the CONmex.

Gold within spitting distance of 1000 GBP - probably only take someone to order half a dozen Sovs to take it there.

That is their buy back price. Cannot buy an ounce under a thousand now - Krugerrands are £1020

That looks good - 1/2 OZ? It sounds as if you are having a good time. Solar panels are getting reasonably cheap now - be interesting how you get on with actual output vs claimed.

God forbid that we should mis-allocate intellectual resources I would imagine trying to understand what AAK is on about may fall into that category. BTW, how is your gold panning going?