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Pound Breaches 1.45, Next Stop - Much Lower
First the euro, now the cable. Europe is openly capitulating. And as the flush in the GBP is what caused the late day sell off, watch for active central bank currency purchases tonight, or else a very unpleasant market open tomorrow. The only question now is which PM dealer still has any inventory left (incidentally that is a legitimate question - if readers can recommend European PM retailers, please note them).
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a half pound?
No, the British Ounce
....is 8 ounces or 1 cup or 236 ml or 227 grams :)
im good with 3.5 grams, thx
28 grams to the ounce, as any pothead will tell you.
BGN - Bulgarian Levs?
Obviously, it hasn't gotten quite that bad yet.
At this writing, 1 GBP = 2.2790 Bulgarian Levs. Phew!
Next Stop Parity...
Byahhhhh!!! screaming baby!!
Amazing how this currency crisis really kicked into high gear the moment GS was facing a criminal probe. Considering that they were 10/10 trading I have little doubt this is a "watch the birdy" push GS out of the spotlight attack on sovereign nations.
Incredibly Ben must be losing it watching the dollar appreciate because of his "friends". The scorpion and the Frog Benjiman. Give it a read and NEVER invite the vampire into your home.
Gold Verses Goldman
Place your bets...
But who does Mothra represent?
But who does Mothra represent?
But who does Mothra represent?
Seems to be an echo in here.
i dont get it?
i dont get it?
You've earned a gold star today. Cheers and chuckles, many thanks.
I dunno, with an icon like that, worth saying thrice!
That would be Bernanke, dropping off money from the discount window.
Gold is so Godzilla.
My money is on gold, thank you.
My money IS gold, thank you.
:D
ouch
Goldmanites of cause. GS rules- and for those who does not like GS ( like me) - GS rulez.
http://www.youtube.com/watch?v=Mk0xmCZQWmk
miles, is like an entertainment center.
I like Miles. He's a sweetie. Jumped out of planes and hurt himself doing it. Also worked for the department of justice. He is a sleeper on this site. I always enjoy it when he weighs in. He has DOJ insight the rest of us plebes never could. Look into his sceen name if you want to know more. I took the time to see the movie with my husband because I think a lot of him.
Her dog hates the smell of stupidity and he will never go back for anything!!!
Hmm,so we are heading to parity among euro/dollar/gbp.
One world currency anyome?
Hmm,so we are heading to parity among euro/dollar/gbp.
One world currency anyome?
What do we need parity for that for? Hmmmm? The math doesn't need to be easy.
BO-"after consultation with the leaders of the EU regarding the sovereign debt crisis, we have all agreed that the wild currency fluctuations have created an environment which is too volatile for the conduct of trade among our globally intertwined economies. after much discussion and debate, the leaders of the EU, their central banks, Chairman Bernanke and myself have agreed that it is of the highest global importance to prevent these currency fluctuations from further disrupting trade. we will be taking coordinated steps to stabilize the dollar, the pound and the euro into a state of near parity. this will be the first step towards the creation of a stable, sustainable environment for our respective economies to flourish."
then a few years later you get the proposal for the Bancor to be currency of the euromerican trade zone.
Fiat as we know it is dead, but it doesn;t mean the TPTB won't come up with some new and improved fiat.
This is madness (and exciting); gonna see wild actions in the basis trade space sooner rather than later (hello california)
Tyler, as requested - people can try these guys for silver/gold/palladium/platinum bars; http://www.guernseymint.com
(phone orders - UK time (GMT +1 as it's BST now ;) )
Don't expect coin though for ~3 weeks as there's a bit of a supply problem (refineries currently not taking any more orders apparently).
HTH
Would someone be willing to explain to me why the price of PMs does not go up more than this when we are hearing stuff like "they are not taking any more orders." I know the paper gold price dilutes the street physical price, but come on... if you can't get it, the price should go up, up, up...
Yeah, its messed up aint it..They will go up, probably in premiums high as hell..
depends where you go.. scottsdalesilver still has stock (easy way to find out is to put 999 in the cart and see what they have to sell...)
they might be higher than most, but maybe that is why they still have most items stocked
It means several things: 1) they are able to sell to serious buyers still, they just aren't advertising the fact, 2) there aren't that many actual buyers, mostly institutions who won't let themselves be jacked around, and 3) this is an orderly drive to the bottom in PM, the Big Boys are getting theirs thanks, and the little guys are sniping like dogs and nobody at the top really cares.
PM is a flight, but an orderly one. The chaos will not be in buying your PM, it will be in buying bread at the market.
This is not the crisis folks. The crisis is coming.
I've done a lot, but I'm not ready coug.
My husband is great but I have been watching this thing for so long, he has what I will call a kind of "burn out" about it. Dangerous. He thinks I'm a tiny bit nuts. He quietly told me yesterday I have been watching this for over 2 years now. I asked him if he had been humoring me and he said "no" but that he thought I was too engaged with it.
Hell.
Take breaks. Take a vacation. You are in it for the long haul.
Wise.
I was going to take a vacation next week, but then the last big dip in silver happened. I couldn't resist.
Luckily we are having a company retreat in a couple of weeks, so I guess that will have to pass.
Remind him that Rome didn't burn in a day. But burn up it did, in the end, and 400 years of darkness followed.
I bet it was fascinating to watch then, too. History has that enduring quality, and appeals to the brilliant and the insane alike.
Much better than reality TV. This story has it all.
Don't want to misrepresent my hubby. He has arms and communications under control. But then again, the kinds of toys most wives complain about their husbands buying, I totally support. I think in that regard he thinks my lil' obsession is a win/win. Maybe with more media around, some of it will transmit to future generations and the latest and greatest depression/die off won't just be a story.
Ms., you wouldn't happen to have a sister, relative that thinks like you do? I have been searching for someone like you :)
In tough economic times, people turn to polyandry...
After Money
[...]
Thanks Boop. That stimulated some brain cells that have not fired that way before. Never fail to learn stuff at ZH.
Regress is progress.
I try. You're welcome.
Boopster, not giving references makes you look like a plagiarist.
For full article, please see:
http://www.energybulletin.net/52787
But I did, I did refer to the full article! (Cleverly disguised as a link from the article's title)...
MsC,
I don't comment much here but this seems too good an opportunity to pass up. I sense a need for people close to us to start waking up and engage instead of you and me to disengage. There is a point of apathy showing here. It needs to be squashed! Just my opinion. I have gotten a few friends to buy some gold and pull money out of NY banks. But more has to be done. We need hard skills and insane resourcefulness like people acquired during the last Depression - or they died. Something like that will be needed now, going forward until it blows over, maybe 10-20 years of hard work. Do you or I or people we know have what it takes? Perhaps start thinking (and acting) Amish-like. Do you have a faith like they do? One can start there. Or if not spiritual, then start by finding a practical project around the home that can impress your husband that learning how to be more and more resourceful has great benefits - demonstrate why this is more important than the latest American Idol episode. Maybe then he will see why this matters! Just my opinion......
I used to meditate. I have often thought I would take it up in earnest when TSHTF as a coping mechanism. Might be now is the time. I have projects that are not getting done well because I have to work, so everything is started, but half assed. I won't tell you how weedy my garden is...My late 2010 food is unpacked, but I have yet to put up the later dates I have purchased.
My husband is not a TV watcher. He is just dead calm and worries about nothing (cept maybe his wife). Thanks for your reply.
Interesting. When I mention any of this, I get the raised eyebrow why aren't you earning money instead of paying attention to those nuts kind of look. I wonder who is right.
I am lucky enough to have a good paying job, but the university is ponzi. I hate it. Going through gestures anymore. I hope you like making money. One benefit of the Obama health care crap is that I won't have my kickassed insurance to keep me so tied to this job anymore. :-/
Hope you are able to bring your values into your life. That is my challenge I think. Often I catch myself, in tiny dribs and drabs, selling out to the paycheck. Not good.
P.S. Page is a guitar god. Led Zep is in my top 10.
I am anxiously waiting for some kind of collapse because I look forward to music having meaning again. I haven't seen much said about it but British rock form the 60s and 70s is intense because them kids who made were either born during the war or just after it. When you parents were bombed by Nazis...it has an effect on your youth...Zeppelin doesn't reflect it so much lyrically, but man WW2 is all over Pink Floyd and The Who...
More seriously though I have a number of friends with MBAs and CFAs and they all think it's business as usual... and they've read their history books... It's like to admit that there is a serious problem with the whole system would someone reveal their entire lives to be a lie so it's better to just go down with the ship. I've been convinced the whole shindig is a sham since the '97 crisis...for the entire naughties I just couldn't fathom why proper recessions were constantly being suppressed. And this was without having the slightest clue how any of it functions. It's always been a gut feeling... I'm a musician..I don't do math. But it doesn't take a rocket scientist to smell a fart before it reaches the sphincter and the one that's coming will be supremely toxic...
The Who. Thx.
http://www.youtube.com/watch?v=DeLEo318Yec
yep, my religion ROCK AND ROLL.
i was probably at that concert.
i have been through so much loss in my life, music and the bike were my meditation/medication.
i hear you sister, the husband and all. when my guy went off the top of the mountain, just thought don't ever want to love someone like that again. stayed single, and it really works for me.
My husband is really healthy and 57. I am 45. I can't know your world but I think I have a whiff of it. Since falling in love this deeply, I know I would just date around, if at all. He got me into biking Velobabe. I had never spent $2,700 on anything, but I got that Serrotta so I could be with him. I am doing this and working too hard and neglecting him. I feel understanding the collapse is so urgent to protect us and he won't do it. And work is the paycheck and insurance. I may be fucking up bad, wizewoman. But there are only 24 hours in the day. Gotta strategize.
I hope you love like that or something else, anyway. Or just love. Peace Babeness.
Roger Waters is touring this fall.
He is doing the enitre WALL album!
20 18-wheelers hauling the gigantic stage, largest PA System ever. The latest quadrophonic sound system and 100 stage hands to build the wall during the show.
Should be EPIC!
Roger Waters Jim Ladd Interview Part 1http://www.youtube.com/watch?v=rWU5M3QU0sE
I may be totally off base here, but is your avatar the Hammerskins icon?
marching hammers from pink floyd's 'the wall'
it was also the nazi like logo in 'the wall' movie
ahhh. its all comin back...
http://farm1.static.flickr.com/162/394325753_5b20c0acd0.jpg?v=0
back in high school, we had a huge wall in the cafeteria with the cover of Dark Side of the moon album (one of my fav complete albums ever made), that was the only cool thing about HS.
Money, it's a hit
Don't give me that
Do goody good bullshit
I'm in the hi-fidelity
First class traveling set
And I think I need a Lear jet
Money, it's a crime
Share it fairly
But don't take a slice of my pie
i can sense youth†
You of course Ned.
Go with the in-stinct.
ditto on the skillz thing...
i just got my 1st welding Cert (TIG)...
Investment Bankers "may" still be in demand though...
http://www.youtube.com/watch?v=onBVYB_M6bo&feature=related
Don't click it. You were warned.
http://www.churchofeuthanasia.org/e-sermons/butcher.html
It is a most difficult challenge to stick to your guns, without alienating those around you.
Humour has a way of carrying truth without weakness. Self-deprecating humour even more so. Mixed with a bit of nonsense, viewpoints can be held without anyone feeling really threatened, the message gets across in its own time and you'll seem like a sage in the end.
The alternative is to just sit quiet and wait for the STHTF because hard facts tend to arrive suddenly and unambiguously without assistance.
Your last sentence is what keeps me transfixed. I won't take the blue pill or drink Koolaide. Thanks.
Since you seem to be wondering I know you aren't going back for anything either. You are going to be your self regardless since being fake ain't your gig. I don't see you as being all wound up in epic loss and disaster, but simply embracing the moment for what you perceive it to be. And trying to do so completely. To the advice you got about the long haul I would add patience & pace. To Life!
Just buy gold every month for the rest of your life. If the world doesn't blow up, your kids will get a ton of gold. If the world does blow up, you planned ahead. You really can't lose.
There may not be many dips to buy on huh?
MsCreant
Let us know if you decide to start accepting applications for a new partner OK?
Ms, other things that you can do that won't upset your husband, well not too much. Boycott; Citibank, JP Morgan, B of A, & Wells Fargo, pay for everything in cash. Start bartering with friends, go to your local farmer's markert. Boycott the MSM, use and protect the internet, read using a critical mind. Boycott the modern military, I've had family in every conflict going back to the revolution so no misplaced heros need respond, dissuade any new family member from joining or reoping. Boycott the energy companies, get off the grid if your in a detached house, insulate and conserve even if you're not by purchasing a high miles per gallon vehicle, walk or ride a bike for local errands, if you need to drive combine trips into as few trips as possible, you'll save money. And finally, reject the political system, particularly the highly emotional charged, single issue type. We're being played against each other so don't encuorage them. Slowly down size your needs starting now, don't wait unit you've no choice.
I'm happy to say I have done most of the things on your list. Not off the grid. Do still have a card I use (I need to rent cars to travel long distances or the occasional plane for work). Great list!
Good on you.
"stop that train, I'm leaving. It won't be long before I' m right or wrong."
Damn chant's been in my head all day.
you were busy last night, girl†
you had them all eating out of your hand.
i think it was a good idea to back to your sexy look.
you had me ..................@ )(
Since we are chicks, I think it goes like this }{
LOL!
MsCreant in the two dimensional world? And funny as shit. See what happens when you smoke? lmao
The dealers are exposed to market swings and have to make a decision as to how much to hold in inventory. Suppose they can get a 5% markup over the futures price. Big deal when the darned inventory value is moving that much in a couple of days and is at an all time high. How much inventory do you want to add at the all time high for a commodity when it is all yours on the downside? Hedging is not free for the local shop with a few hundred ounces on the shelf. It may not be so much a reflection of the availability of the physical but more a reflection of the risk that the shop wants to take on.
This is what I needed to hear to understand. Thanks.
or here http://www.sarniasilver.com/firstmajesticcoins.html
got some a few weeks back they send them individually to avoid uk vat.
Seems the US has lost a key export advantage (weak dollar vs. euro) that we have had since late 2003. Funny thing is we have gained no commodity advantage one that wasn't debasing their currency would gain from a stronger currency. Also seems international corps bringing cash back to the states will get hurt on the FX. Lose / lose / lose? Any upside? Maybe US corps can go on a buying spree in EU for assets?
Thats a fuck of a drop. Am a sick bastard for wanting this whole global financial system to come unglued?
It is becoming unglued and it does not matter how you feel about it.
Our combined spiritual maturity has not kept pace with our scientific prowess. Even tho many will suffer, we will grow from the adversity. This is a worst case scenario
oil in gulf, bees disappearing, volcanoes and earthquakes on the upswing, species die off, no jobs,and no good leaders in the entire suicidal human race. Frankly, i am diisappointed.
There is actually a longer list, but i dont want to go there. Safe in Oregon for now.
There is now such a thing as a former way of life. It was subsidized by easy FIAT and nearly free energy (free energy in comparison to the epochs of history and this was a first). The change will be massive.
ughhhh...I ask myself that all the time but it is what is in the best interest of future generations. If it is not stopped now then ultimately we will reach a point of no return. Otherwise we are trading temporary safety under veil of threat and forcing our children to become enslaved to the offspring of these evil men who are nothing more than stealth dictators.
You are a good man.I assure you there are other good men. Let us hope the will of good men is enough to counter the terrible strength of this thing that was put in motion.
Im sick to, because its taking some freakin long..I compare it to like watching the movie Titanic, that damn thing was over 3 hours long wasnt it, thats to damn long when you know whats going to happen, bring on the freakin water already!!!!!!!!
On an honest note, I love my country and I said { along with my classmates} a prayer, the pledge, sang god bless america, then went out and raised the flag on the school lawn every school day until grade 7..When you dont have that, what have you got?
I happen to think wanting this putrid system to fail is the best thing for us. It's NOT America and it represents NOTHING of what America is supposed to be. This system needs to be flushed so we can put it back together as it was meant to be; free of the looting, pillaging bastards. There is a reason TWO central banks were abolished. What made anyone think a 3rd would be any different is beyond me.
Gotcha covered, brother.
http://www.youtube.com/watch?v=OuSdU8tbcHY
Even covered likes that covered, Riff Raff.
silvertrain,
several ++++ for your thoughts.
No, you are not a sick bastard for wanting that - as long as your motive is to start building it the right way sooner, rather than later.
Short answer: Yes.
Long answer: Yes you are a sick bastard.
Polite answer: I have said before on this forum; the global economy is destroyed and many will perish and never understand why. But this is how human history resolves imbalances and dislocations. It is ugly and it is wasteful and many will perish, and for their sake perhaps next time we'll remember and tread more carefully on the way to the market.
Many will perish has been repeated by a few of us. Paint a verbal scenario if you would please, for those of us with a different imaginary outcome, recognizing we are not privi to all the factors. Different people know different parts.
Thank God Zerohedge is a better vehicle for truth finding than the market is for price finding
ps my view is states breaking into fiefdoms and roving large gangs. Mad Max.
One outcome would be the complete return of the Socialist state. You can read about how that worked in this recent article at City Journal:
http://www.city-journal.org/2010/20_2_soviet-archives.html
Another possible outcome is something of the sort that operating in the Congo now. Zimbabwe is only a very few degrees above that situation. News from Zim is much more sparse than a few years ago, but they had people claiming and defending a particular tree as "their tree" because there was some fruit dropped from it. Considering the difference in the level of arms and ammunition in the US vs Zim, the resolution could be difficult.
politicians are the lowest lifeform on the planet
what happened to all the antiJew vitriol you used to spew?
Since you asked, a scenario for you (likely given current trends, in order, no particular timeline):
- Major liquidity issues at banks, followed by run on banks, followed by liquidity failures across retail sectors;
- Spot shortages of non-essentials like clothing and durable goods;
- Fuel shortages, rationing, hoarding;
- Spot food shortages as liquidity crisis spreads and hoarding turns to essentials;
- Fuel riots;
- First vital communications failures;
- First signs of societal collapse, martial law, revocation of rule of law;
- Beginnings of internal migration as people begin seeking essentials and not finding them;
- Collapse of media and communications;
- Food riots;
- Federal government recalls all military units from foreign assignments;
- Widespread collapse of state-level governance;
- Total and permanent collapse of health care system;
- Rise of organized crime, open criminal operations;
- Disintegration of national borders;
- Widespread refugee crisis across former national borders;
- First signs of generalized starvation;
- Widespread warfare, mostly domestic, often organized by criminal syndicates;
- No signs of local, state or federal governance;
- Widespread starvation and disease;
- First attempts at creation of a world government (fails);
- First signs of mass murders and suicides;
- Huge human migrations within and across continents;
- First signs of human population collapse;
- Second attempt at creation of a world government (succeeds);
- Human population numbers less than 1 billion globally;
- Return of the 100% solar economy, based on animal labor and farming.
That should be enough. Nothing in there that requires anything other than a collapse of the monetary system, a failure of confidence, and chronic fuel shortages. The rest follows. I'm not the first to come up with a list like that. Books are written on it. I'm one of the few can rattle it off in a post without consulting notes. I am a fiction writer and have a very fertile imagination, but I don't need it for this stuff. The above is just logic.Orlov in 2006 - that's when I started to take notice!
http://www.energybulletin.net/node/23259
Kitty! You are such an optimist! People don't learn, silly!
They don't have to learn.
But they need to remember, when the time is ripe, what the warning was. A friendly warning when we are relaxed and can laugh about it might move someone fast enough later to avoid a tight situation, or a dead-end, or a noose.
Yes, I am laying mental barbed wire. It's a cat thing. Thank me later.
"First of all I would like to say David Cameran inherited the problems." said Barry Obama.
Does anyone have any idea what kind of opinions are circulating within the military? They must have gossip? What are their contingency plans? Very little at all about the internal machinations of the Army..it's all Iraq and AfghPak... Is there a ZeroAmmo? "On a long enough timeline all ammo drops to zero"!
The Generals say we will need to be there for decades to achieve objectives and Special Envoys say if we are not winning by the summer we need to pull out. So in that sense there is double speak. The military must be asking themselves how they can afford the wars. At some level they must!
no they aren't. the military gets weapons they don't want forced down their throat by the MIC. stupidity of politicians may worry them, funding not so much.
I wonder what will US do with a strong dollar and rising trade deficit?
Give up more money to the Chinese? Ah shucks BS, that isn't the plan!
Why, have Uncle ben print more greenbacks of course.
Is the USD the contrarian trade of the year or what? New 52 week high today.
If Mervyn King has faith in David Cameron, I guess this means that no one has any faith in what Mervyn King says, and assumes exactly the opposite.
Ummm... excuse me... while I think Cable will breach 1.45, it is a big figure away - so why the headline? Just askin'!
coininvestdirect still seems to have plenty of bullion - nuggets, maples, eagles, pandas in 1oz and plenty of others in smaller denominations...
a 100kg maple for a cool 3 million GBP too...doubt that one is stocked somehow :p
The only thing contained from the actions over the weekend was the hot air bubbling out of D.C. We are in for a wild ride before the summer pause that refreshes.
Unless of course you live in one of the major U.S. cities with lots of 99ers which will probably burn this summer.
UK halts use of 500 EURO notes!
http://edition.cnn.com/2010/WORLD/europe/05/13/britain.euro.note/?hpt=T2
do they need to keep them to print a zero at the end?
Someone in Euroland please post a picture of Northern Rockesque customer lines queuing up at the local coin shops.
Got Liquidity in your Money Market or Fiat Currency Bank Holdings?
Thanks, can you imagine the breadlines if we did not have food stamps. incognito poor.
I so want to give the invisible hand the highly visible finger.
Check out how many people in that congo line of humanity was using a walker...
I'm not terribly opposed to a form of food stamps. What I don't approve of is that they don't have to do anything to get them.
So what if they cannot spend as much time looking at porn, or shagging the thirteen year old boy next door, shine my shoes and launder the shirts. Light starch and no scorch if you want to keep working in the air conditioning.
Amen.
Workfare. Do something, anything, to help society, and food stamps are fair.
http://www.muenzenmueller.de
http://www.coininvestdirect.com
These guys still have some bullion.
The Wizard of Oz (ZimBen): And I hereby decree that until what time, if any, that I return, that Mervyn King, by virtue of his highly superior Brains, shall rule in my stead...
Pounding the pound into paltry parcels as parliament promises end to precarious pecuniary puzzle.
Not just European gold is short. APMEX is out of several gold categories. No krugs, phils, buffs...
Tulving still has stock of most configs.
This is the way the world ends, not with a bang but a whimper.
The world will end to thunderous applause.
If I want to get an idea of the market price for AU/AG I usually check here http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0 or the soonest ending auctions on ebay.
Nikkei futures off almost 1%
Guys you know why those all ubber crazy "10 years in 10 minutes" currency swigs have not make implode some companies on the heavy weight derivatives arena?
Looks like all those 600 Trillion in notional value and 100X leverage in some currency derivatives are not working his magic on the finacial system, yet.
Any idea?
the biggest derivative playground is central bank interest rates. we are forced into ZIRP or bust and the free money ends up blowing bubbles everywhere you look. euro has a confidence problem and a correction overdue but now that it was their turn to print a tril you can consider it news priced in. they reached into their pockets and pulled out an extra zero and you can be damn sure they will pull out another one for third time the charm just to show us people who try to vote with our money and get killed by banker parasites in the process
5 year chart of the Euro against the Real - BRL (the brazillian currency scarce in my pockets):
http://finance.yahoo.com/q/bc?s=EURBRL=X&t=5y&l=on&z=m&q=l&c=
I'm thinking about traveling to Europe! Euro is so cheap now!!
You might make an ash of yourself though. Are you willing to boat back?
You had to say it
my GF is six weeks in Scotland right now...it scares me
at least I sent her with some Au fractionals, you know, just in case
By the way, just kidding in the other thread, no offense.
Transatlantic cruises are fairly cheap. If I was going to Europe and had a couple of extra weeks to kill, that's how I would go.
We are all Numenor now.
I'm happy to recommend a PM bullion dealer in London, Jewellers Trade Services Partners. I've been buying gold and silver from them for the past 3 years. They are able to offer low premiums over spot for investment coins and bullion bars. The service provided by Sara Esposito-Santo at their offices in central London is exceptionally high. I would buy from no-one else. Check out their website, from which one can order directly: coininvestdirect.com (I faithfully assure you my only connection with this retailer is as a most satisfied customer). I have never in these 3 years as a PM investor seen their inventory approaching anything like as low as it stands today, but the company has excellent connections with various Mints(partic Heraeus, i believe) and vastly experienced buyers, and i suspect if anyone can help meet public demand it is most likely this company. All the best. PMs rule!
second that - very good company to deal with, especially for people in the UK where there are more limited options for buying physical PMs. premiums are about as good as we'll get on these shores, although that is a bit higher than our counterparts in the states. the perth and austrian mint coins are generally the best value there, as well as canadian maples.
Bow Tie or GoldenBoy
Any recommendation on bank storage within the U.K.? I'm in the U.S. and looking for offshore storage.
not sure about holding it through actual banking institutions - i.e. you already have the bullion and want to send it overseas for storage. this would not be ideal imo. for offshore storage/ownership i would certainly recommend using either bullionvault or goldmoney. so perhaps if you already have some metal in mind, sell it and use the proceeds to fund the new, vaulted stuff. these services are about as fully allocated, insured and audited as one could get without having it in your hands. i personally have an account with bullionvault with gold in zurich and some silver in london (the only vault for silver).
bullionvault - vaults in london and zurich, real-time markets for buying and selling where the spreads can narrow and widen at different times. buy metal at close to spot.
goldmoney - slighter higher premium to buy-in but no commission on selling. vaults in zurich, london and soon hong-kong too. offer platinum as well as gold and silver and more currency options. also easier and cheaper to withdraw gold than with BV.
their sites have all the details. the coininvestdirect people also have an allocated, vaulting service called goldinvestdirect that seems to be customised to each customer's needs than the two i mentioned above. hope that helps :)
Equities are taking hits, Asia is on the ropes, where will the money run to?
WEEEEEE DOOOOO
WEEEEEE DOOOOO
I was a temporary Stonecutter, after I went into space.
Sigh...
Wow, that was a fast trip down (3% in one month!). Time to roll my FXB 152/147 June put spread down another 3%. No rush though, doesn't look like its likely to rally. When you base your economy on FIRE you've got to expect to get burned.
Waiting for the Euro to break 2008's 1.23 range low.
1.2515 is putting up a good fight during the Asian session, China rumoured to be supporting 1.2500 area.
Source: forexlive.com
Asia splitting equities for PMs still.
So, will the Chinese be selling their dollars and TBills to fund the buying of Euro? If they are Dollar sellers, will they still be auction buyers? And, if there are not Chinese auction buyers, will the Talib's suggestion of a failed US bond auction occur?