Reply to: Gold

[TimberWolf]

Sell gold, gold falls, buy some other tulip, the other tulip goes up, sell the other tulip, the other tulip falls, buy gold, gold goes up....


Welcome to the world of the financial big boys.

Yeah, almost too easy.

Though there is another unconventional strategy: Say you are going to sell a shed load of tulip, wait for tulip to drop, sell tulip, tulip goes up. Proclaim yourself a financial genius who saved the world (twice).

[DimPrawn]

Pretty steep and sustained decline going on. Is all well in the economics world?

Sell gold, gold falls, buy some other tulip, the other tulip goes up, sell the other tulip, the other tulip falls, buy gold, gold goes up....


Welcome to the world of the financial big boys.

[TimberWolf]

Pretty steep and sustained decline going on. Is all well in the economics world?

[Mich the Tester]

Maybe, but what's the chance of that? Do they look dumb or something?

On the one hand, they may need to to service debts, but I also know that it's not really Italian culture to sell off the family assets.

[TimberWolf]

I suspect that if Italy were to sell just 5% of it's gold, the price would collapse.

Maybe, but what's the chance of that? Do they look dumb or something?

[Mich the Tester]

Gold is starting to get feisty again.

At least with all this talk about Italy and Greece the UK is off the radar for a bit. Can't see that lasting long, I don't think we'll be getting the deficit down or paying back our debts. Not without some more major trashing of the pound anyway.

I suspect that if Italy were to sell just 5% of it's gold, the price would collapse.

[TimberWolf]

Gold is starting to get feisty again.

At least with all this talk about Italy and Greece the UK is off the radar for a bit. Can't see that lasting long, I don't think we'll be getting the deficit down or paying back our debts. Not without some more major trashing of the pound anyway.

[KentPhilip]

A sharp move down in the last 24 hours. As Jimmy Savile's jewellery is sold..

[MarillionFan]

Hefty move in equities last week. FTSE upto 5717 up from 4800 just a few weeks earlier.

Volatile to say the least.

[TimberWolf]

Up she rises.

[SantaClaus]

Gold looking bullish again:

Gold daily chart

[OwlHoot]

Just went skyward for some reason. Expect some economic news.

Could it be something to do with this ?

[Paddy]

I like to drill mine out and fill them with lead and then sell them back.

Ratners used to do that. Also ther used to be coin clipping.

Coin clipping

[KentPhilip]

I 'heard' that too and I 'heard' that they worked in cigarette machines back in the days when fags were £1.50 a pack.

I also 'heard' that you could mould 50p pieces from ice and put them in the gas meter and electricity meters in your student flat and I 'heard' that you could use a hair dryer on the base of the coin box to evaporate said ice 50p making your fraud untraceable (other than using lots of gas/elec and there being no money in the coin box). I only 'heard' this though.

Wouldn't the hair dryer use 50p's worth of electricity rendering the whole process rather pointless?

[TimberWolf]

Just went skyward for some reason. Expect some economic news.