Reply to: Gold

[TimberWolf]

Gold has dipped in sterling if anyone is interested. Just bought another £10K worth, awaiting further bigger falls.

Did you buy from BullionVault? Looking at the graph, you may have caught the bottom of a little trough. I may think about buying some next week, again.

[DimPrawn]

Next you'll be telling me I can't trust our bankers!

[RichardCranium]

Not to worry, the companies holding paper gold on investors behalf would have run off with it long before the government can confiscate it.

You know, they probably did ages ago. They've probably used it as a form of futures market and sold it multiple times and re-invested the income into something else.

It'll probably turn out the chavs wearing £15 Argos jewellery have more gold than most serious investors!

[TimberWolf]

Not to worry, the companies holding paper gold on investors behalf would have run off with it long before the government can confiscate it.

[RichardCranium]

I trust our government not to take other peoples wealth in the name of "fairness".

You don't need to worry about that. I take it your gold is in one of those nice, safe, gold deposit places?

If you leave it in the bank, there's every chance the Government will nationalise it

the Government of the country that happens to be holding the gold you 'own', or the Government of registration of the company that holds the ownership certificates

[DodgyAccountant]

I trust our government not to take other peoples wealth in the name of "fairness".

That is either tongue in cheek or you are mad.

[DimPrawn]

DP, do you walk out of the bank with your gold and bury it in the garden?

If you leave it in the bank, there's every chance the Government will nationalise it, just as President Roosevelt did during the depresion in the US.

Article here

I trust our government not to take other peoples wealth in the name of "fairness".

[OwlHoot]

DP, do you walk out of the bank with your gold and bury it in the garden?

If you leave it in the bank, there's every chance the Government will nationalise it, just as President Roosevelt did during the depresion in the US.

Article here

[DimPrawn]

Everytime there's a bit of "good news", gold will fall.

The truth is most of the western world is ****ed. See every dip as an opportunity.

Trust me, I'm a computer programmer, I know these things.

[stingman123]

I have a bad feeling about this......

[DimPrawn]

Gold has dipped in sterling if anyone is interested. Just bought another £10K worth, awaiting further bigger falls.

[ratewhore]

Where Plawn leads, China follows.

Edited for dialect

[Mich the Tester]

Always believe in your soul.

[moorfield]

Always believe in your soul.

[HairyArsedBloke]

... the rising powers of Asia are shifting a chunk of their fast-growing hand-outs from western taxpayers, especialy from Britain, into gold ...