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Buying and selling gold?
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Originally posted by BrilloPad View PostNot as well as it has in dollar terms though.
Of course when the pound rallies.....Comment
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sorry Brillo, I think you are not understanding how this stuff works
it's not if the pound rallies, it's rather,
you either need au to rise in general
or
you need the pound to fall
so please, forget about the pound rallying, if you want the au price in pounds
to rise then you need the pound to fall
furthermore, you will know that earlier in 2008 au was touching 1000 usd, this was because the usd was weak, as you will see now that the usd has strengthened the usd au price has fallen
to conclude, if you are in pounds and thinking of betting on au, then you need
either
pound to fall
or
au to rise in general
or both
but you do not want the pound to rally
here endeth today's lesson
all the best with your investments
Milan.Comment
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Originally posted by bobhope View PostYou forgot to add the 'golden' rule:
don't tell anyone (IRL) you bought it / hold it either."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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To the OP, I used Bullionvault to store my CT a couple of years back. Made 10% over the 9 months it was held and the Bullionvault service was very good. The buying and selling process is easy so I can recommend them...Older and ...well, just older!!Comment
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