[jas25t]

I'm looking at buying some silver.

But not sure in what physical sizes to buy in......

any preference why I should choose larger or smaller sizes?

[wulfgar]

jas25t, on 25 November 2009 - 11:21 PM, said:

I'm looking at buying some silver.

But not sure in what physical sizes to buy in......

any preference why I should choose larger or smaller sizes?

I'd choose bar sizes from 1 kg to 5 kg. Quite a large spread on silver however. Ohay if you plan to hold for a few years.

[wulfgar]

Quote

The U.S. Mint said on Wednesday it will suspend sales of the popular American Eagle 1-ounce bullion coins as rising demand depleted its inventory.

In normal language that means they don't wish to order gold and drive the price up.

[jas25t]

wulfgar, on 25 November 2009 - 11:43 PM, said:

I'd choose bar sizes from 1 kg to 5 kg. Quite a large spread on silver however. Ohay if you plan to hold for a few years.

smaller spread on gold?

size for that?

[tor]

wulfgar, on 25 November 2009 - 11:45 PM, said:

In normal language that means they don't wish to order gold and drive the price up.

And it does seem to happen every few months.

Each time a bunch of people promise that _this_ time is the time to be rocking with the guns and sealed rice.

Well pshaw I say to them, rice is bland and boring, I keep soup. Oh the flavours! Pepper Steak, Chicken & Corn. Man, what a future that will be...

Oh and Stagg Chilli, I figures when Mad Max comes to the door if I make him a nice plate of nachos (sorry about the lack of guacamole - that nuke strike buggered them) he'll be all "okay tubby, you can ride with us and we're gonna call you old cooky".

Then who'll be laughing? Me that's who! all those gold talking freaks will be dying to join the band and get some of my famous tex mex in a tin.

Of course when I run out of tins of stag I am going to have to learn to make nachos using kangaroos or something and I guess the abundance of cumin will be woeful and chillis don't grow on trees you know[1]. Hopefully by then I will have figured something out.

[1] it is bushes they grow on I think.

[cobran20]

Swai, on 25 November 2009 - 11:01 PM, said:

$1192,30

Another new high by Gold in $ and in €.


The sad thing is, I intended to order another small physical amount soon...probably going to wait until next year now.


From the news front:

[/font]Wasn't me. I only purchased some Silver Eagles, recently.


Greetings

A bit of historical perspective...

Attached File(s)

•  gold-price-performance+multiple+currencies+-+2004-2009+goldprice-org+site.png (3.84K)
  Number of downloads: 19

[cobran20]

The Precious has began a very steep climb. IMO, it will most likely need to take a rest. But on the other hand, if it does what the base metals did in 2005-6 (like Zinc), it could rise to US$2K. Gold in $A (which is what really matters to the locals) is also rising steeply.

Attached File(s)

•  3.jpg (148K)
  Number of downloads: 5
•  2.jpg (249.6K)
  Number of downloads: 8
•  3.jpg (224.11K)
  Number of downloads: 6
•  3.jpg (222.68K)
  Number of downloads: 6

[Mr Medved]

cobran20, on 26 November 2009 - 08:31 AM, said:

Gold in $A (which is what really matters to the locals) is also rising steeply.

13% in a month... spot is current 1309 AUD. It's up around 4% YoY so has fared reasonably well against deposit rates in that time (up almost 50% in USD YoY, much better than their deposit rates!).

I can't see myself buying any more precious this year. RBA statement of Assets and Liabilities out this arvo, will be interested to see how much Christmas paper Stevens has been printing.

[wulfgar]

Mr Medved, on 26 November 2009 - 11:38 PM, said:

13% in a month... spot is current 1309 AUD. It's up around 4% YoY so has fared reasonably well against deposit rates in that time (up almost 50% in USD YoY, much better than their deposit rates!).

I can't see myself buying any more precious this year. RBA statement of Assets and Liabilities out this arvo, will be interested to see how much Christmas paper Stevens has been printing.

Well it appears to be taking off. The best I knew it was going to happen time between the middle of this year and middle of the next. All that QE is just putting fire under the rocket, it was going explode at some point. If the Fed raises interest rates, then that will stop gold dead in its tracks.

If they don't raise, gold will continue heading to 1500 or 1600 USD. And it looks like this will be before easter at this rate.

With Gold it's the rates you watch.

[Mr Medved]

Mr Medved, on 26 November 2009 - 11:38 PM, said:

I can't see myself buying any more precious this year. RBA statement of Assets and Liabilities out this arvo, will be interested to see how much Christmas paper Stevens has been printing.

Perhaps the wrong thread, but does this mean the RBA has been buying government debt in the last week? If so is that our own version of QE?

Liabilities:
Australian Government +3,634
Assets:
Australian Dollar Securities +3,784

[wulfgar]

Mr Medved, on 27 November 2009 - 06:16 AM, said:

Perhaps the wrong thread, but does this mean the RBA has been buying government debt in the last week? If so is that our own version of QE?

Liabilities:
Australian Government +3,634
Assets:
Australian Dollar Securities +3,784

Sorry I meant the US FED....gold could still fall in Aussie, if the USD drops somewhat. We are a drop in the ocean. Or if the US FED ups rates, gold will fall.

Yes it is true, we have our own QE, Almost 40 billion in the dollar securities. But the RBA isn't buying Federal debt. Its buying bank debt.

[cobran20]

cobran20, on 26 November 2009 - 08:31 AM, said:

The Precious has began a very steep climb. IMO, it will most likely need to take a rest. But on the other hand, if it does what the base metals did in 2005-6 (like Zinc), it could rise to US$2K. Gold in $A (which is what really matters to the locals) is also rising steeply.

Gold in $US might be starting an overdue correction after its sharp rise. Our currency is also correcting and hence gold in $A is still rising, though that sharp rise may correct as well.

Attached File(s)

•  1.jpg (261.11K)
  Number of downloads: 11
•  2.jpg (246.47K)
  Number of downloads: 19
•  3.jpg (223.57K)
  Number of downloads: 13

[crashe]

Wow big spike in gold. Fell just a few dollars short of breaking through 1200. Giddyup!!!

[cobran20]

China Prepares To Increase Its Gold Holdings Tenfold

Quote

...We just came across a Bloomberg News article quoting an official from the state-owned Assets Supervision and Administration Commission (Ji Xiaonan, the Chief) as saying “we recommend China increase its gold reserves to 6,000 metric tons within three-to-five years and possibly to 10,000 tons in eight to 10 years.” China’s reserves, after a 76% buildup since 2003, currently stand at 1,054 tons, so we are talking here about the prospect of some pretty heaving buying in coming years....

[firehawk]

Gold's poking above US$1200/ounce. Cool.

[Bernard L. Madoff]

Rosenberg: A pullback then $2600

http://www.zerohedge...rosie-2600-gold

[Solomon]

In our local rag a claim that gold is rising on the back of speculators, and no longer those who purchase simply for a safe haven.
Would be interested in your views on this.

[Bernard L. Madoff]

Probably more Wulfies thing but IMO it was probably being suppressed if anything in the previous months (Morgan Stanley I believe). Its dollar weakness unfolding. I've read that many short positions on the futures market are being covered and some paper speculation is unfolding.

I think there will be an ugly correction based on this sharp rally to overbought heights but long term its up there (as the USD is down there). $2000+ ($5,000???) is an eventuality, the problem is what will the AUDUSD be then?

[Bernard L. Madoff]

Solomon, some links...

http://jessescrossro...kly-upated.html

Quote

Despite a very recent surge in popularity, gold and silver are hardly mainstream investments, and few understand them. This will change. But it has not changed yet.

We want to emphasize that 1225 is NOT our ultimate price objective or a top call. This is a minimum measuring objective from the breakout from an ascending triangle of 1225 on the weekly chart. IF you accept that an inverse H&S pattern can be a consolidation pattern, then 1275 is the minimum measuring objective.

What is our ultimate price? Well, to answer that, we would have to know how thoroughly the Fed and Treasury intend to debase the dollar. Further, we would need to have a honest accounting of the gold holdings of the US, and any allocations or encumbrances on them from leasing activity.

Without such knowledge forecasting a 'top' is difficult.

and...

http://www.zerohedge...-counter-1224oz

Quote

Gold is now the primary beneficiary of any and all dollar weakness (much more so than stocks or any other asset class) and any and all incremental excess liquidity. We hope members of Senate who read this post present the charts below and ask the Fed Chairman at what point will his debasement of America end.

Finally, on paper versus physical...
http://jessescrossro...r-physical.html