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Well turns out over the past 3.5 years fiat would have been the best investment. Westpac in January 2010 I got in 5 year term deposits at 8.25%. So to date that would be about a +30% return and 100% of capital in tact.

go on a holiday and buy big ass chunky gold chain necklaces and walk right through customs. you can buy 18kt or 23kt chunky necklaces or bracelets in places like thailand etc for spot plus less than 5% of i remember correctly!

Friend of mine in Hong Kong said today when she went past the bullion dealers in Kowloon is was bedlam. She didnt know what all the crowds were about.....she does now!

Did they? Are Ainslie selling them? Out of interest, not that I'm buying. 200k was the mintage and if they have them all I hope they hedged!

It goes like this. If the Sov is a common year and in fair condition, as close to spot as you can get it BUT remember on the flip side when you go to sell, the buyer will equally try to buy it from you as close to spot as possible. So if you can buy one for say spot +2% then when you go to...

Using Elliott Wave to analyze of gold reveals the most likely path that prices will take after the precipitous decline seen on Monday April 15. The bottom line is there is more downside ahead. Let us start with the weekly chart. By drawing Fibonacci grids from two significant lows to the...

I wonder if the 1oz Privy Snakes will even get minted? I havent seen any yet and its mid April.....

I'd still be in the green pretty comfortably in metals. My Telstra shares I bought in 2010 are doing quite nicely as an aside :)

The number of analysts and investors prepared to believe that the bull market in gold had ended was growing late last week, but nobody expected the precious metal to fall 15 per cent in two trading days, and by 9.1 per cent on Monday in New York, the biggest one-day loss in percentage terms...

Gold sales from Perth Mint, which refines nearly all of the nation's bullion, have surged after prices plunged, adding to signs that the metal's slump to a two-year low is spurring increased demand. "The volume of business that we're putting through is way in excess of double what we did last...

I just checked and they have spot at AUD $22.92 and the sell prices are: 10oz AUD 250.20 1kg AUD 770.90 100ozAUD 2,373.00 Thats spot +$2.10 an oz on the 10oz bar......seem pretty steep to me ???

$1,200 would be considered a tough resistance point because in part due to the cost of production being about this point. Can gold go below $1,200? Yes of course. $1,200 may not be the bottom, perhaps $1,325 was but at this point I'm waiting a week or two to see if gold holds about $1,325...

At the moment there might be a supply problem but assume prices stay at these new levels supply will pick up in a couple of weeks as the market shakes out.

no great loss. had a couple of bad experiences with them so never again for me.

If you are holding for years, I mean like 5+ then I wouldnt be too concerned. If you are planning on selling within that time then, yes I would be concerned.

^ Margin calls, panic selling and trend selling. Remember they say "the trend is your friend" and many (I'm talking here the paper players not actually phyzz buyers) just trade the trend. Although with primary gold mine costs at about $1,200/oz that I think would provide a very solid...

If this is a deadcat bounce then expect to see $1,200 as the next stop. Gold would have to hold above its recent bottom of about $1,325 for the rest of the week to reduce the chance of lower lows.

^ I doubt it. What happens is a fund is forced to sell some of its position that causes an initial price drop. The price drop then triggers margin calls in other funds and before you know it you're down $100/oz and panic selling sets it.

I think you will find in the coming days/weeks news will emerge about a hedge fund or two that miscalculated their positions and were forced into margin selling. We dont know who yet but the news will emerge that a fund or two will have blown up and had to liquidate thus causing a run on the price.

Got my usual email from the Perth Mint that their coloured numi's are "selling fast" :lol: Still sticking to a price of $104 for the 1 ounce coins. When silver was last at this price (around $22) back in mind 2010, Perth Mint collectable coins used to be in the $70's from memory. I'd...