GOLD

[Carlton]

I prefer the term awarded rather than the suggesting he won it, that insinuates he actually did something worthy of the award...

 

Of course it was based on the fact he was the first black president...

Because you say so? That's a claim totally without a basis.

 

The rest of your sentence doesn't really doesn't have any logic to it for me to rebuff.

You just don't want to see it.

 

[warpig]

Come on he was inaugurated less than two weeks before the nominee deadline. He was supposed to signify change, partly because he is the first black president and people hoped he would unite the people of the world in peace. That didn't really go to plan did it..?

 

No it's because it suffers from a logic failure.

 

This is getting way off topic now, why don't you start a thread to debate this?

 

Because you say so? That's a claim totally without a basis.

 

You just don't want to see it.

 

[Hooloovoo]

JP Morgan announced today that from now on they will accept physical gold bullion as collateral.

 

They will not accept ETF trust gold as collateral.

 

http://campaign.r20.constantcontact.com/re...k0DDATlX7E_4%3D

 

Seems to me that they will:

[d2thdr]

Indeed, a tiny number of people in the West who have understood the complex dollar/oil/gold merry-go-round have been able to accrue gold at a fraction of its real value.

 

We would not thank the owners of a rigged casino if we noticed that a certain roulette wheel came up with zero more often than it statistically should do - we would just take advantage of it.

 

RPG. Here it comes. It is going to hit us, irrespective of whether we like it or not.

[fitkid]

WHY DONT THEY JUST TELL THE POOR SODS THE TRUTH .!!!!

YOU ARE SELLING THE ONLY THING OF REAL/DE-JURE VALUE DONT BE SILLY TAKE IT HOME AND KEEP IT SAFE IT WILL SAVE YOUR BACON SOON.

 

 

http://www.bbc.co.uk/news/business-12446901

 

 

Gold-buying firms told to improve by OFT

Three companies that buy gold from consumers by post have been ordered by a watchdog to improve their treatment of customers.

 

CashMyGold, Cash4Gold and Postal Gold agreed to make changes after an Office of Fair Trading (OFT) investigation.

 

The high price of gold has meant that companies that exchange people's gold for cash have grown in popularity.

 

But the OFT found that a handful were locking customers into accepting the offer made for their gold items.

 

Sometimes customers' jewellery was melted down on the assumption that they had accepted a quote.

 

Concerns were also raised about two other companies, which have ceased trading following the year-long investigation.

 

Growing sector

 

CashMyGold, based in Manchester, Cash4Gold, based in west London, and Postal Gold, based in Douglas in the Isle of Man, all accepted they must change their business practices.

 

Case study

 

Mark Turner was initially offered £106 for 32g of gold by a gold-buying company in September 2009. He challenged the offer, which was increased to £160.

 

However, a High Street jeweller said he would have offered £224.

 

"Good God!" Mr Turner said on discovering what the gold was actually worth.

The two that ceased trading were CashYourGoldNow, based in Newbury in Berkshire, and Money4Gold, based in St Albans in Hertfordshire.

 

A Cash4Gold spokesman said: "We have, and will continue to be, clear with our customers as to what they should expect, and appreciate the OFT's efforts to ensure our competitors adopt some of the same practices that have been part of our service offering from day one.

 

"Unlike some other gold buyers who shut up shop, we were pleased to work closely with the OFT to fully resolve all concerns."

 

The OFT had raised concerns with all five about the way offers were made for people's gold, such as jewellery.

 

The watchdog found that some businesses were sending customers a payment for their gold, which if not rejected and returned within a very short period of time by customers, was taken as consent for the payment. That meant the gold was then melted down.

 

Gold-buying companies have become much more prominent in recent times, with many advertising on television or appearing on temporary stands in shopping centres.

 

 

Robert McDougall, OFT: "We were concerned consumers were being treated unfairly"

Consumers sent in their gold by post to be assessed, then received payment back in the post. Unlike the High Street, where people could immediately walk away from a deal with the gold in their possession, the postal service meant the companies had the gold and customers had to reject the payment quickly to get the items back.

 

Previous research for the consumer organisation Which? showed that some gold companies that advertised on television offered an average of just 6% of the gold's retail value, compared with an average of 25% offered by pawnbrokers and high street jewellers.

 

The OFT does not have the power to order companies to change their prices, or offers of cash, but it can ensure that businesses provide "clear and transparent" information.

 

Reforms

 

 

The three firms agreed to make changes to the way they worked, including:

 

Providing people with the option of a quotation for their gold - which the customer would agree to, or withdraw from the deal - or just a payment

Clear information on the prices offered, including the weight and carat of the gold

Details on whether gemstones can be accepted, and explaining the risks to the customer of sending them

Making sure when referring to a "high price" on offer, that they are referring to the scrap price of the gold

Heather Clayton, of the OFT, said that the watchdog would intervene early if new industries grew without proper consumer protection.

 

She added that distance selling could be good for consumers, but only if the businesses operated fairly.

 

In January 2010, CashMyGold was criticised by the Advertising Standards Authority for a misleading television advert.

 

In addition to the postal gold businesses, consumers can sell their gold to some High Street jewellers, to pawnbrokers, to other businesses or money shops which provide a range of short term loans or pay day loans to consumers, and in specialist jewellery quarters.

 

Supermarket Tesco has also just entered the market, but the OFT said it had "not identified any reasons to be concerned with its business practices".

[InternationalRockSuperstar]

If you have to use Obama's color against him in order to attack him that must mean that he's actually a pretty good president.

 

he is a very good president.

 

(bearing in mind that the job of president basically involves being a lying, thieving, mass-murderer).

 

PS. the 'logic' in your above argument is f***ing retarded.

[fitkid]

he is a very good president.

 

(bearing in mind that the job of president basically involves being a lying, thieving, mass-murderer).

 

PS. the 'logic' in your above argument is f***ing retarded.

 

IRS as usual 100% correct.

 

But PLEASE can we take the PUPPET show of the PUPPET show onto its own PUPPET thread and leave this as the REAL GOLD THREAD.Thanks.

[Fortune]

Looks like a 'Swiss-stair' in gold right now - some big boys are accumulating.

[G0ldfinger]

 

If this leads to a proper short-squeeze, we could finally see some real action in the PM stock.

 

http://jsmineset.com/2011/02/15/dont-help-your-enemies/

Don’t Help Your Enemies

Posted: Feb 15 2011 By: Jim Sinclair Post Edited: February 15, 2011 at 1:08 pm

 

Filed under: General Editorial

 

My Dear Friends,

 

A major well known US brokerage firm has sent out packages to investors in a precious metals company. This is unusual, and one of the few times I have witnessed an attempt to borrow shares from cash investors.

 

In the stock loan system there are few if any shares available to borrow.

 

This initiative is an attempt to borrow shares to accommodate a major legal short seller in this company to satisfy delivery to the buyer.

 

Although it will always be your choice, facilitating an enemy of a company is counterproductive to your interest.

 

Personally, I will not lend one share.

 

Respectfully,

Jim

EDIT: Anyone know what stock this is?

[G0ldfinger]

http://www.reuters.com/article/2011/02/16/...E71F1MO20110216

China gold demand growing at "explosive" pace: ICBC

...

ICBC (1398.HK)(601398.SS), the world's largest bank by market value, sold about 7 tonnes of physical gold in January this year, nearly half the 15 tonnes of bullion sold in the whole of 2010, said Zhou Ming, deputy head of the bank's precious metals department on Wednesday.

 

"We are seeing explosive demand for gold. As Chinese get wealthy, they look to diversify their investments and gold stands out as a good hedge against inflation," Zhou told Reuters.

...

"Unlike the property market, investment in the gold sector is something the government is encouraging," he said.

 

Beijing has encouraged retail consumption and announced last August measures to promote and regulate the local gold market, including expanding the number of banks allowed to import bullion.

 

"China has a centuries-long cultural attraction to gold and because we have started at such a low base, I think demand growth will likely stay strong for quite some time," he said.

 

Zhou said there was also voracious demand for silver, with the bank selling about 13 tonnes of physical silver in January alone, compared with 33 tonnes in the whole of 2010.

 

http://gold.approximity.com/since1981/Gold_CNY.html

[Errol]

BTW, I am still here. You would not believe the trouble i've had with BT the last 2 months. Broadband has been done most of that time!

[azazel]

BTW, I am still here. You would not believe the trouble i've had with BT the last 2 months. Broadband has been done most of that time!

 

Good, I missed your posts.

[Quest]

BTW, I am still here. You would not believe the trouble i've had with BT the last 2 months. Broadband has been done most of that time!

 

Good to see you back Errol.

[Garincho]

What price could I expect to get for a 1oz Britannia coin at the moment? Looking on the 'net £820 seems to be the going rate, does seem about right? I'm not selling, just wanting to know the difference between what you pay for coins and what you can sell them for.

[Errol]

What price could I expect to get for a 1oz Britannia coin at the moment? Looking on the 'net £820 seems to be the going rate, does seem about right? I'm not selling, just wanting to know the difference between what you pay for coins and what you can sell them for.

 

Should be around £862. That's what coininvest are offering.

[andrew]

What price could I expect to get for a 1oz Britannia coin at the moment? Looking on the 'net £820 seems to be the going rate, does seem about right? I'm not selling, just wanting to know the difference between what you pay for coins and what you can sell them for.

 

I spoke to ATS Bullion a few of weeks ago about selling gold coins and was told that supply and demand at the time of your sale would be a factor, so if dealers are finding stock hard to come by you could get a price closer to spot than otherwise.

 

Will a time come when it will be possible to sell at spot plus X%, the dealers would load the margin onto the buyers.......

 

Sov's when your selling them seem to not do as well as Brit's or krugers despite selling for higher margins over spot when you buy them, makes you wonder how many buyers know about the CGT advantage.

 

Getting £820 for a Britannia when spot is £853ish does not sound a great deal to me though, the dealer is getting approx 4%.

[andrew]

Should be around £862. That's what coininvest are offering.

 

Ha...... So you can get over spot already !

[signofthetimes]

Ha...... So you can get over spot already !

 

yeah, but.....

 

you have to send your coin(s) to Germany, presumably insured shipping that YOU have to pay for

 

 

[Perishabull]

I had a buy signal generated on my proprietary indicator for Randgold Resources (GOLD) on 16th February.

 

[signofthetimes]

hello again $1400

[electroweak]

:lol: :lol:

 

[fitkid]

Whats changed in 2 years since Mark Dice made this video...............................

 

ABSOLUTELY NOTHING EXCEPT THE GOLD PRICE HAS INCREASED BY OVER $300 AN OZ .

 

 

From: http://www.youtube.com/watch?v=Gk5aRIz17fk

 

 

Whats changed in 2 years since Mark Dice made this video..................

 

ABSOLUTELY NOTHING EXCEPT THE GOLD PRICE HAS INCREASED BY OVER $300 AN OZ .

 

 

From: http://www.youtube.com/watch?v=yJSNq8nox-o

 

Whats gonna change in the next two years.......YEP you got it NOTHING except the gold price will have increased to .........00,00000?????

 

 

THAT 'GROUP THINK' IS A REAL KILLER .WHAT DO YOU THINK.? :lol:

[G0ldfinger]

...

 

THAT 'GROUP THINK' IS A REAL KILLER .WHAT DO YOU THINK.? :lol:

The chick with the sun glasses: "38 cents"!!! Mwuahahahahah.

 

These are the kind of people who will pay north of $10,000 for the ounces that I will sell to them in a few years time. Because they are clueless. (Yeah, I do think gold will become expensive at some stage. Bubble, so to speak. But we are FAR away from that.)

[Fortune]

Scary rumour alert. The jackboots are coming..(maybe)

 

Roger Wiegand sent out a RED ALERT email to other metal experts/analysis, due to information from multiple high level inside sources of his, of the potential of confiscation of gold and silver from the American Public, this year for a new world currency.

 

Roger and I have exchanged a couple of emails regarding this Red Alert, with my asking permission to publish it. He has given me the green light to release this to the public, as long as I made sure to say this is not absolute, but a potential from his high placed inside sources. This is the email sent out - without any changes and exact!

 

RED ALERT

 

Editor: There is a plan to use the IMF (AKA US Treasury and Wall Street) to be the front man for the new world order and one currency. We also got disturbing news yesterday from an impeccable source that when gold touches $2,000 it will be confiscated in the USA for about $200. Then it's to be reissued by the Treasury for $10,000 per ounce to back the new IMF world currency using SDRS in 2011. Large physical gold is being moved to Canada. money.cnn.com/2011/02/10/markets/dollar/index.htm

I very much thank both David Morgan and Roger Wiegand for allowing me to post this information as I believe it will help all who read it to become aware of what is being discussed as a potential of future events.

 

The article in the email links to the IMF calling for a new trading currency in place of the U.S. dollar. The writing is on the wall. I just have to ask, has everyone been paying attention? Also when an email like this goes out from a very well respected metals expert to other experts in the field, everyone should sit up and pay attention!

 

http://www.marketoracle.co.uk/Article26409.html

[Schaublin]

The chick with the sun glasses: "38 cents"!!! Mwuahahahahah.

 

These are the kind of people who will pay north of $10,000 for the ounces that I will sell to them in a few years time. Because they are clueless. (Yeah, I do think gold will become expensive at some stage. Bubble, so to speak. But we are FAR away from that.)

 

One must begin to divorce oneself from the idea of valuation of an ounce of gold in terms of dollars. I agree that the purchasing power of gold will increase considerably in the future - especially in terms of housing and land and that there will be a 'sweet spot' where:

 

People with cash want to preserve wealth.

 

People who do not understand that the system is FUBAR will see the rising dollar price as a speculative opportunity.

 

Forced sellers of property/land/businesses will not want any residue sitting in cash.

 

But many of the above will buy into ETFs/remote storage and will lose everything anyway.

 

The lack of trust between countries is what will keep gold as the ultimate form of wealth. In the future, those Western nations wanting oil or rare earth metals or anything else for that matter will have to settle in gold because their credit notes will not be accepted.