Gold

[NickFitz]

How the &%£^ is stuff like this allowed to happen? How can they open paper positions for twice the permitted amount of physical available? have they learnt nothing over the last 4 years?!

Too big to fail, old boy. They can do whatever they damn well please and they know it

[AtW]

How the &%£^ is stuff like this allowed to happen? How can they open paper positions for twice the permitted amount of physical available? have they learnt nothing over the last 4 years?!

I agree.

It's gross incompetence that is.

How the **** they only opened twice as much positions? They'd make FAR more money if they oversold it 10 or 20 times at least.

Sack them bankers I say.

[DaveB]

have they learnt nothing over the last 4 years?!

You're funny

[Waldorf]

Never understood the fascination with gold as an investment - it pays no income, it costs money to hold it and it has no real value other than peoples perception.

I would rather invest in companies that do something that turns a profit etc.

Mind you I could see an advantage if the British public are stupid to vote in labour again, one way of keeping your cash from the grabbing hands of Ed Balls.

[KentPhilip]

Never understood the fascination with gold as an investment - it pays no income, it costs money to hold it and it has no real value other than peoples perception.

+1
But people have been perceiving it as being valuable for the past 5000 years. So they are rather likely to carry on thinking it so.

[d000hg]

Gold is widely used outside of jewellery so it does have a real value. Though how low that value would be if it was the only use...

[Doggy Styles]

Never understood the fascination with gold as an investment - it pays no income, it costs money to hold it and it has no real value other than peoples perception.

On the contrary, gold is widely used and very valuable in the electronics industry.

IIRC it is also used in medicine.

[MyUserName]

And I think that there is a German beer that uses it - although this might be bollucs

[Robinho]

And I think that there is a German beer that uses it - although this might be bollucs

You're thinking of Goldschlager, it's a spirit and is Swiss, but it's true, there's tiny amounts of gold in it.

[MyUserName]

You're thinking of Goldschlager, it's a spirit and is Swiss, but it's true, there's tiny amounts of gold in it.

That's the one!