Just watched the BBC Breakfast news and cought the tail end of some gold ramping on the BBC!

SELL! SELL! SELL!

.

Yeah, I was just about to post that......

Article on BBC breakfast news today about gold going to 1000 "because its a safe haven and has been valued for thousands of years". Followed with a piece on how to buy gold. Either side of it were news of emergency fed rate cuts and banks going bust in the US, oh and "millions struggling to pay their mortgages in the UK"

The beeb has certainly switched camps.

This is the next leg up - look forward to selling into strength! [not for a while though!]

Haha yeah it's hilarious. Time to get ebaying I think.

Even more ammusingly radio 4 now appears to have started talking about a coming economic depression.

People are paying over 30% premium over spot price for silver --????

Why are people doing that?

There's still time.

Remember this a Kondratieff winter.

Old news, Radio4 has done a story on this last week

It really is embarrasing - they have some bloke 'panning' for gold at some theme park to trail the piece.

They have turning into the British Bubble Corporation, and will jump on any bandwagon going, rather than give intelligent, reasoned analysis. The drive to keep every topic to 45 secs means they will never properly discuss what is a complex subject.

Now that they have all offloaded their BTL empires & have accounts with BullionVault, it's time to start the whole process off again.

Still, plenty of opportunity for Goldfinger to get his Burtons suit out & start a "Gold Inside Track" to fleece the sheeple (assuming they have any cash left to buy gold in the first instance)

i m buying tulip bulbs, and i ll just wait my turn

Yeah I was going to post this but new somebody else would.

I think the real way to view this sort of article, is when the presenters chip in wit hteir little comments at the end of an article such as this- some are showing extreme concern- vocal presentation and body language gives it all away..

He just said "this isn't investment advice and the price can go down too"

After a good bit of ramping too about buying it on the high street

BBC Special guest next week - Cgnao and Goldfinger!!

People only ramp something publicly when

1. They have loaded up and want everyone else to take the risk and buy, pushing up the price.

2. They intend to sell, [and are going the way!]

Yep. Once the BBC muscle in, get the ****** out of there!

They just ran the same feature again: "There's gold in them thar hills", "Could your jewelry be worth a fortune?" and other rubbish.

He spends 5 seconds at the end with "goldcandownaswellasupdontblameusifyouloseyourshirt"

As an anecdotal: I was on the treadmill in the gym yesterday, the screen in front of me was describing the Bear Sterns implosion. I commented to the guy next to me that it was all looking a bit grim to which he replied "yeah but what are you going to do, buy gold?".

I've been tempted to put some of my cash reserves in gold for a little while now (pretty much since I joined this site and started learning about fiat and fractional reserve banking). Looks like the bandwagon is already halfway down the hill though.

And Dale Winton is presenting for new24 from the stock exchange today - where do they find these people?

When the goverment finally announce they will be buying gold - BUG OUT!


Goverment is your contrary indicator
[think Northern Rock buy out, Gold selling at bottom]

on the other hand, the beeb did ramp property like mad for a few years all the way tio the peak, so maybe gold will follow ?

Exactly. If you sell now then you miss the top of the bubble. I think you can infer that if the BBC start ramping Gold then it's only midway through the bubble rather than the end.

Personally if I had any money I would have bought some other precious metal that had industrial uses that are not dependent upon the consumerist 's need to own more gadgets. For me though it's good news if gold is being ramped as it means property prices are going to fall faster (which also makes gold a more attractive alternative). The more familiar people become with the idea of buying gold, the more likely they are to move their equity from property (if they can!).

If they start ramping gold,can we look foreward to a whole new set of BBC programmes? Gold in the attick,Gold owners abroard,Gold in the country,celelbrity gold makeover,peep through the truseau keyhole........cant wait,do you have to pay to dispose of the old TV set coz I won't be needin' mine!!!!!!!!

on a more serious note,dont they reckon that burgularies have ,in part,reduced because electronic goods are so cheap,and once the depression hits and the message gets through that GOLD is worth a mint,i think we will see a rise in armed/un armed robberies for your jewellery

SELL SELL SELL SELL

I would have liked to get on at $400 but was ignorant of gold. I looked at $650 and thought it looked expensive. I took the plunge at $690 and now I realise it is actually still quite cheap even at $1000. It will still be cheap at $2000.

I doubt we are half way.

kb

Is this the new gold thread?

Anyone recall what happened to Gold when Ben did his last cut? I seem to remember it fell back for a few days as stocks moved upwards. This could be a time to buy and set a stop loss. But I ain't rsiking much on this - suspect bringing Gold to heel is the next big target for the Fed once it has shot its latest IR bullet.

It may take a while, the sheeple are getting spooked with all the bad news.

i think so -
someone's bought and parked commoditybubble.com, but the co.uk is still available...

buying gold is good for the country.

i guess he's the right colour - gold

You've just talked me out of it!

simple

unlike gold, silver is subject to 17.5% vat.It is also subject to import tax ect.

As silver stocks are very low in the uk because of these rules, much silver has to be imported.

i imported tubes of silver eagles, and was hit by taxes to the tune of 42% of the buying cost.So any silver that does become available in the uk is seen as already tax paid hence the mark up over spot.


The government destroyed any market in the uk in silver with these stringent rules, they did the same to gold at one time too, but the banks forced them to make it tax free.silver is rarer in the uk than gold is because of this.


a genuine scam is to go to the isle of man, there you can purchase silver just over spot, then smuggle into the uk, there is very little checks on declerations on the ferries.You can then sell your silver here in the uk with the usual mark ups.A lot of the guys selling silver regular on ebay i suspect do this hence why it makes it viable as a buisness.

When i went over 2 years ago on some political activities i must admit i slipped 10 x 1 kg bars in my suitcase

Any ideas why gold isn't taxed? Does this suggest that the government want the chance to seize it in the future with olibgatory purchase orders?

well, there is CGT excpet on sovereigns and other legal tender.

I wish I'd been more observant when the last HPC started to become the current bubble.

I wonder what year the BBC (along with all other media companies I assume) starting to talk about property being a good investment? '97, '98?

if you want gold i have found istanbull mint to be the very best.

the charge is 10 usd per ounce over spot for all the gold you require.they also charge 70 usd per delivery of any amount via fed ex

i was a little wary at first dealing with them, so i took a delivery of 600 pounds worth for the first time, paying by bank transfer which cost another 10 pounds fee.


i actually made good money on this selling on ebay, i was buying 1 gram novelty bars and selling at near double the gold price i paid.people buy them to say look i got a little bar of pure gold.

i dealt with them many many times after this for higher amounts then sold over 600 items a year on ebay, didint make that much but it paid my rent and unlike other things the ads once made just repeated themselves again and again.


my pm saved consist of

18 tubes of 20 x 1 ounce silver eagles
7 x 1kg bars of silver
400 usd face of 90% junk silver us coins

32 x full soveriegns
6 x half sovereigns
3 x 10 usd gold eagles

box of scrap gold jewellery ( just bought on ebay from few sellers) which has 18k,9k,10,14k mixed.no idea of the weight perhaps 1kg in total.


thats enough for me

Thanks, but how do you TEST that what you get IS gold. I dont have enough to fill a bath.

well first the gold has assay marks

you can buy a tester, but this is a very large mint you are buying direct from.no-one else has complained that it aint genuine.

for this experiment:

get two beakers and an asbestos mat.
fill them to 200ml with boiled, then cooled water.

put 1 genuine krugerrand in one beaker.
the suspect coin in the other beaker.

they should both read 202ml


plus, if it floats, its a dud.
ignore all this. i made it up.

Which country?

You sound more and more like that idiot ,dogbox.

how come your following me round the forum with these bitter quips all the time ?
post your own !!!

Because I hate rampers, especially the ones who spend time downtalking property to uptalk gold.

well why dont you go and hate them underwater for half an hour.

Shouldn't take that long to get the job done.

Noones forcing you to buy any. In fact, we're happy you aren't. More ounces cheaper for the rest of us..

for anyone else who actually might be interested, hard assets (gold/commodities) follow an inverse cycle to paper assets (stocks/and houses, strangley enough), so its perfectly reasonable to talk one down while the other up...

http://www.nowandfutures.com/images/dow_go...current_rev.png

after all, isn't the goal of investing to buy when value still has upside potential, and sell when there's only downside potential left?

Nice idiotic answer.

Definitely time for a sharp exit I'd say





Because you have to buy it in quite large amounts to get somewhere close to spot with silver, especially at the moment-but yes it is getting a bit mental.

I did not observe that this site has changed the name into goldpriceboom.co.uk

Why do you think that people are interested in your investments?

Noo, quite-just thought Id say thanks for the accreditation in your sig Mindless; Im flattered really although Mimi Maguire? Not really a fair comment is it-Im WAY harder than her mehehe