get a 0% credit card (or lots of them)

then buy up the full balances with gold coins.
wait 6 months.

cash in the gold, pay the balances, keep the difference.
possibly 20% +

where do you see gold going??

what £ price will be the top and when?

Will silver be the thing to buy next as that will be all that the masses in the USA
can afford when the $ goes tits?

what will the top for silver be and when??

gold will easy ride to $1600 oz by end of summer.
BUT inflation adjusted from the last crisis peak in the early 80s (which wasnt as bad as this one) is $3000oz +

all the investors are bursting for the door getting out of disaster ridden credit pulp and into hard commodities.
commodities leave no doubts. all this leverage and fog and utter banking ******** WHICH IS REAL - not and EXERCISE is making leaving money on paper very risky.

we may even see a return to gold backed currencies after this, if its get really serious (and it looks really serious).
im plowing EVERYTHING i have into gold (aside from a back up of euros).

im considering cc option, but i have my own cash so prob wont, but if i was a regular type person with hardly any savings id be lining up the cards and buying gold pronto.

It might well work.

But giving people that as an idea is irresponcible.

How easy is it to speculate like this?
You mean buying 'virtual gold' , not actually holding gold.

Dealing/transaction costs? Which broker do you recommend?

i havent got silver although i hear its as good, if not better. wheat even better than that.
in fact anything that isnt mortgage backed securities, hedge funded or otherwise a malestrom of financial hogwash is good to go.

its not gold rising, its the realisation of the actual worth of paper is falling.
sharply and daily.

and you can feel it already in the price of your meals.

i've been considering gold for a while and the evnts of the last week or so may well have pushed me into buying some

go to chards in blackpool.
search google for chards, blackpool gold coins. you will find them.

established gold dealer. buy physical coins or bars. they do specific gold investment packages and can offer advice.
i think they have been in business for over 30 years. old school.

Need to think about VAT if you buy gold coins and physically hold them in the UK you will almost certainly incur VAT and when you sell you will not get the VAT uplift, so you waste the VAT.

Might be an idea to buy gold from small traders not VAT registered, some eBay sellers are selling gold coins at very small margins over its bullion price and you can pay with pay pal so there may be an angle here.

You could use your cards to make a cash withdrawal and buy gold coins from private individuals but its a bit of a drag as your time and transport costs need to be factored into it and the credit card company will charge interest on these type of transactions and also may effect your credit rating as they may think you are in trouble. As some have noted on this site cash withdrawals and buying essentials with a credit card has made some card providers review credit limits

I think Gold will rise but your idea needs a little more thought

A steep and sharp correction could occur at the time you want to sell it. I would advise extreme caution.

Will have a look, cheers.

Edit:
Arr, you mean physical gold. Don't fancy holding coins............

i bought in nov and have made 20%+ and the crisis hasnt even got going really.
(anecdotal - while i was in collecting coins someone was in there buying on a cc card AND debit card. seemed to be maxing them out. he looked at me crooked cos i was pretty scruffy as usual, only when they brough my bag of coins over it made his paltry investment look like beads. then i got back in me mercedes and went. thats him sold on gold i reckon !!)

i can almost feel the cashing in of billiions of funds as we speak, while joe public is still being foled into buying failed financial products, only so they can draw out even more and put it into commodities. before it all goes rapidly tits up.

It's gambling, and all gamblers lose in the end.
This is no better than speculating house prices

You are risking life and limb here RFD. The deflation gang will be along soon to give you a good beating.

im happy to listen to you provided you can show me evidence of why people would suddendly get back out of commodities and back into failing (massively failing) financial products ??

please tell me ??
id cash my gold in if you have any ideas that stand up to scrutiny. i.e. not just a wacky guess or a personal opinion based on nothing fundemental.

This is a fuggin dumb idea.


1 - Most gold outlets do not accept credit cards, only debit cards.

I'm surprised you dont know this. Credit card payments can be reclaimed, the vendors know this and so dont accept them.

2 - Its only a stones throw from borrowing money to speculate on house prices.

3 - you should NEVER borrow money to speculate. If you havent got the cash on hand then you cannot afford to gamble it on financial markets.

4 - I hope you are qualified to dispense, and have indemnity insurance for, this information RFD.


RFD the a4se has fallen out of your credibility with this one......

Buying any asset with 100% leveredge is on of the most stupid ideas ever. Especially one thats riding on a wave of massive hype and speculation.

They do not take credit cards because of the transaction costs and fraud risk; I'm not aware of any dealer who does.

Virtual gold might well be different

thats ok cos im ready with my nail studded gold standard currency failure cosh.....

Use credit card.

Keep money, you created it, it's yours.

thats what it seemed. you have to register also before you buy. unless its deposits. either way he was "put this on that and this amount on this one"

cant cos you have to pay it back in full.
you need it to make something in the 6 months and doing this into gold is a good bet for the low savers, but cc card holders.

one in the eye for the bank to, makes a change them fueling their own doom fo ra change.
like BTL but in total reverse !!

It's going to be very interesting to see what happens at the major resistance point of $1047, which could well be approached very quickly. It if flies through that then I can see a strong upside.

but thats all the major banks have done for the last 4 years !!!
just like northern rock.

its no different to what they were doing.
gambling on a financial guess.

it goes wrong when you start believing that its your talent and not chance thats making the money.
- like northern rock.

Nobody knows when gold will crash, but one thing to realise is that sooner or later it will.
Buying in now would only be something I would be prepared to do if I had lots of cash I would be willing to potentially lose.
If I lose cash now by it being inflated away, then there is nothing I could do about it so I wouldn't feel like the loser had I GAMBLED and LOST.

gold is VAT free.

silver is not.

BUT i believe you can get some silver coins with no VAT

its not 'virtual gold'

this banking crisis is for real. this would be about 3 credit cards worth. 10k.
ive only got a little money and i think its safer with me and in gold.....

How quickly can you sell those gold coins once the market turns?

Who's going to be buying gold in a falling market?

You got a picture of the gun and cans of baked beans?

Im looking at 2 krugs right now :-) also have sum sovs. stashed.

and i concur with your sentiments.

I feel as the usa falls to sh1te that domestic US demand from people waking up will drive
gold and particularly silver to the moon.

Silver is next for me.

its only an investment. thats all. its less than the cost of a new car, but its earned me £1200 already.

Bowlers, trafford park,staturdays ...computer fair..but there is a stall with a guy who sells crossbows.

20-50 quid.

Do not stand in front of a barnet phantom when fired!

All this monetary stimulus being pumped into the banking system may create a euphoric feeling over the next few months. You may find people moving back into financials as they realise the US will not allow them to fail.

Whilst inflation is going to continue to rise, people will start to have some faith that the economy is moving out of a resession around election time.

There maybe some brief rotation from commodities back into stocks at some point in the near term. Be careful.

What a dumb idea. Many of the sharp drops in the markets lately have also included sharp drops in gold. If things get really nasty (stock market crash) all the speculative money, and any profitable positions will be sold instantly to cover losses in other areas. $500 gold within days is perfectly possible in my mind. Probably the safest investment to be in at the moment is Yen, and even that isn't nearly as cheap as it was. Putting everything into gold at this point is simply stupid.

im thinking, with the heads up i get from the site i will know when its leveling and go 3/4 of the way up to the peak in 2009.
it is a gamble, but im doing the gambling this time, not my bank.

this is the most irresponsible nonsense I have read for a long time.

This is precisely the type of mentality that lead us into this mess in the first place.

i dont think so. i think with the repeated mess of financial products over the last 30 years has done it for most people now.
this is why they plunged in property because they cant even be trusted to manage a simple pension fund without levering it up to ****.

all the gold i have is less than sun canada lost out of my own pension fund before i could cancel it.
my dads retired and his fund is a crock. his payouts a joke.

seems all his paying into pensions and finacial products that turned out shite would have been better placed in a simple bank account and left alone for 30 years.
they go up when you cant get at them, and down shortly before you get them back. it seems. or am i being too cynical ??

Whilst I believe there will be some severe corrections over the next few years, particularly where house prices are concerned, I do not feel the financial system will tank - it won't be allowed to. Cash is convenient to the masses, gold isn't. If anyone really thinks the dollar or any other main currency is finished, they need to think again. I can just see people here in a few years time claiming that they had been conned by people for letting them believe they should be getting involved with gold, silver, you name it. Just let things be, things will sort themselves out in the end.

good. then it will work.

they fonked up my chances of owning a simple cheap fair house, im taking MY money out of their hands.
now IM the speculator. see how htey like that with their liquididty crisis.

10k of gold is 100k less they can bail out with.
let em fry.

What are the coins and who manufactured the 100g bars ?

to me, this seems like what the banks would say, as they plunge 100bln of taxpayers money (through inflated products) into the failing banking system.
what favours has the banking system done for me ?

why should i support it ?

all its done is fiddle me and take a big housing shit on me right when i needed a fair priced home the most.
they lie, pump vi spin all over the place. nothing is at it seems and on top of that pay out million pound bonus's for people who devise schemes that rely on my generation getting shafted to the max.

i only wanted a home, not gold.

krugers and credit suisse bars

good london bars. nice work.

Do you?

Why are you paying them twice?

I didn't.

and herraus bars.

what do you mean ?

The only way I can see to buy physical bullion on a credit card is via a cash advance. Then you're looking at the cash handling fee on top of the gold dealer's spread, and with the whole thing is financed at an eye-watering interest rate. So inadvisable unless you have firm grounds for believing you won't be paying the credit card bill, IMO

i paid cash for mine.

you can deposit the cc card into paypal and use paypal to pay for coins off ebay.
there are sellers taking paypal on gold.

there a lots of ways to get cash from a credit card to then buy gold with.

Oh dear... the old "they won't allow it" argument. I heard that a few months ago regarding house prices. Apparently prices wouldn't drop "because it was really horrible last time we had a price crash so the government won't let it happen".

If the only reason you have for why the financial system won't collapse is "it won't be allowed to" then I think you really have to ask yourself how confident you are of that view.

On the other hand your view that there will be a crash in the price of gold also seems to have no substance.

Remember: each day there are more dollars then ever before in circulation.... the price of *everything* in dollars therefore increases over time. Don't view a high price of gold in today's dollar as a bubble. It's more symptomatic of the dollar's increasing weakness.

Money is created out of thin air when a credit card is used.

Banks can make no loss, nor be owed anything under such a scheme. It's 100% fraudulent.

I asked for certain proofs - those of actual money changing hands, proof of loss, where the money came from and so on and so forth. Upon reciept of such proof I was happy to pay any debt I lawfully owed.

And like that >poof< they were gone.