I've just sold most of my gold and silver

[AtW]

I suppose if anyone cared they could log DP's posts about buying/selling and plot his success on a graph. Then we'd know...

And that would be like fantasy gold trading, which is exactly what our esteemed deluded crustacean is doing here.

[Paddy]

A mixture as the contracts were met.

Here's one of them:

- - - This is an automatic notice. There is no need to reply to this email. - - -

In accordance with the order instruction 126695356 on your BullionVault
account 'XXXXXXX' we advise you of the following deal:

Security: Fine gold kilos in London vault Instruction: Sell 0.753kg @ GBP 32,797.00/kg

Deal time: August 3, 2011 2:52:04 PM BST
Consideration: GBP 24,696.15
Commission: GBP 169.48
Total received: GBP 24,526.67

In this deal BullionVault was acting as agent.

Your order has not yet been completed within the limits you instructed. It
remains on the BullionVault order board and further deals may occur. You will
receive your contract note covering the entire order either when it completes or
is cancelled.

* Fine gold is the 100% pure content of an actual assayed bar
which may contain impurities of up to a maximum of 1 part in 200.

This is where reality comes in. You didn’t actually own Gold; you bought paper gold. The company you bought it from probably only holds stock of 10% or 20% of the actual Gold for its investors. The rest is just faith. If every investor wanted to cash in his paper gold for real gold; there would not be enough to go around. Remember what the US did to De Gaul when he cashed his in.

[TimberWolf]

Shall wait for the inevitable correction and then buy back in for even more tasty profits.

Gold went stratospheric again last week

[OwlHoot]

Gold went stratospheric again last week

So did this, although I imagine Gold is less likely to crash so fast.

Boy, I'd hate to have been in a nearby yacht, or cruise liner for that matter, when that thing crashed into the Pacific at 13,000 MPH.