Wt Phys Gold � Discussion Threads

[digg3rme] 20/9/2012 09:40

I bought PHGP from TD Waterhouse now known as TD Direct Investing. www.tddirectinvesting.co.uk

[scotbucks] 20/9/2012 09:16

Thanks for the pointers orangesunset and mallorca. Problem I have is my broker Selftrade doesn't handle PHGP. Any idea who does??

[mallorca 9] 15/9/2012 10:45

Agreed ,

I recently had large gains in phau swallowed up by the exchange rate spread.
Now prefer phgp for a sterling bank account.

[orangesunset] 20/7/2012 21:14

For a sterling bank account better to buy and sell in £s - with phgp.
Otherwise a hefty conversion charge each time you trade in usd - with phau.
Worth opening a usd bank account if you often trade shares priced in usd.

[yam114] 21/5/2012 10:22

is it best to buy gold in USD or £?

[freddie ferret] 24/10/2011 16:51

There is a lot of rubbish circulating at present both in the press and elsewhere much is smokescreening, there are genuine problems out there but there is no desire to acknowledge them or try to resolve them. UK inflation is a red herring, the level of sovereign debt is a red herring also the level of personal debt is a red herring. Resolving these issues will do nothing to sort out the fundamental underlying problems which are now urgent.

Read Nicholas Shaxson "Treasure Islands"

Read Gordon Brown "Beyond the crash"

Read Steven Sora "Secret Societies of Americas Elite"

Read Jack London "The Iron Heel"

Read these books for the information they contain not for the political complexion of the writer. The problem is to return to stable capitalism, at the present time it is unstable and self destructive. A while ago Pendragon was discussing "How much do you now have to be worth to be wealthy?" he thourght 30 million. In actual fact you are wealthy if you pay no tax, the really wealthy have the option of paying no tax, the same also applies to the companies they control. The reality today is that the reason countries are in debt is that they are no longer able to tax effectively, they have to tax the small guys to death and the big guys get away with murder. The problem in the banking sector has been in the offshore banking sector which is now huge beyond belief. It is in the offshore banking sector that the majority of the excess liquidity was created, and in turn it is the tightening and loss of inter banker trust in the offshore sector that has caused contraction of money circulation now. This is why QE is not and will not be inflationary for the present.

Anyway read the books then think hard for a long time. This story will run and run until it becomes political and the world legal framework is changed. The alternative will be the end of the nation state as we know it either to a globalised "One world government" or to some kind of libertarian stateless anarchy. Read all the above books carefully and think........


PS.
One of the big drivers toward offshore has been that companies can borrow money far more cheaply offshore than onshore making their cost of capital lower than onshore based companies. So not only do offshore companies have lower regulation and reporting and less tax they also have lower costs of capital. This has made offshore based companies more competetive thus they have grown faster and outcompeted onshore based companies. This means that onshore based companies have been smaller and consequently have paid less tax. Richard Branson has said that his company would be only half the size it now is if he had chosen to base it onshore.

[notanewmember2] 23/10/2011 22:01

The price is set by what the buyer is willing to pay. There must be a seller for every buyer. The same rule applies. I have some doubts in such a collapse, these derivatives will be as attractive as the underlying asset, so beware of divergence especially in a disorderly market.

[lizzie ii] 05/9/2011 18:19

After a slight relapse the gold price is again a few cents above US$1900.

Smith99, a collapse in the dollar would seem to imply that the price of gold, in dollars, would go up.

[smith99] 25/8/2011 14:31

Hello Board, Im new to this one, what happens if the Pound Collapses, or rather When the dollar does and takes sterling with it.

How would that affect this price ?

Thanks in advance

[lizzie ii] 23/8/2011 07:10

Live gold price now a few cents above US$1900.

[notanewmember2] 01/6/2011 20:00

Next stop £1000/oz

[notanewmember2] 30/4/2011 07:07

I am for hire FOR YOUR HEDGE FUND. Weekly bars.


A weekly close above the donchian channel, confirms a possible uptrend, so long only trades. I.e Sept 2008

Buy a small position on that break out.

Any pullback to the lower donchian channel, add to position to average in (green circles). The stop is any weekly close below the weekly channel. If you add to position (average in), a stop triggered will be mitigated.

You may take some profits when the price is near the upper donchian channel.

[notanewmember2] 06/4/2011 21:24

Disappointing performance with sterling gold price, but still up nether the less. Dollar goldprice making new highs.

[fasteddy] 14/2/2011 18:25

Cheers for those tips chaps as it happens i had a punt on BP for a short term trade to fill gaps in the chart, but now im fully back on board with PHGP, lets hope 2011 is as good as 2010 was

[dasv] 14/1/2011 17:28

Chart looks a bit weak finally. I wonder if this the big correction for gold and silver?

[notanewmember2] 09/12/2010 19:20

Er I do have Krugerrand receipts, costing £500 each a couple of years ago. Now they are asking fifty quid under £1000 (each).


Take a look at Venezuela Boliva gold price.






"Gold is the Hitching Post in the monetary universe" James Dines.

[traderabc] 06/12/2010 17:09

Correct me if I'm wrong but if this chart made it to 10K by mid January it would mean that sterling had halved in value against Gold in the space of 1 year?

[notanewmember2] 06/12/2010 16:50

We're finally through, wonder if it'll hold above this level past friday.

[fasteddy] 28/11/2010 17:37

Certain etfs do allow delivery as long as you have a certain type of account. Sorry to be so vauge but there was a piece in the news a week or so back about an investor who had actually taken delivery. You can always contact the etf provider and get the information regarding holdings etc and how to take actual delivery of the physical metal.

[fasteddy] 28/11/2010 17:32

Usually about 5% which is high but its handy actually having something physical that you can hold in your hand. i recommend finding a jeweler who doesnt really deal in them who might have some at a low price to spot ratio i bought a few for 200 quid a go only last week. The lowest dealer price at the moment is around 220.