Gold

[ellal]

BTW Wish I had the foresight to buy gold when he sold it - bet I was not alone !!

 

[JohnD]

Surely all the people who blamed Gordon Brown for selling it cheap must have bought gold at the time?

 

[JBR]

As a true Yorkshireman, I don't see why we can't use brass for wedding rings.

yep just use a 22mm olive.

I would but my wife's finger is 23mm. Curtain rings are just a bit too big, too.

 

[JohnD]

Gold suffered another drop today to £777 per Ounce, its lowest level since August 2010.

 

[gregers]

oooo ive got about 6-7 ounces.

 

[gas112]

http://theinternationalforecaster.c...ster_Weekly/Looking_in_Fort_Knox_for_its_Gold

 

[JohnD]

dropped again, now £759.6067

 

[pred]

Always wondered why gold was revered so much, ok it's a great conductor of heat and electricity, but (not quite so good) alternatives are available. You can't eat the stuff and it's only intrinsic value is its rarity, but then rarer metals are available, such as antimony, just a shame antimony is very poisonous.

It doesn't rust or tarnish, if you put it in the sea for a million years it will be the same as when you put it in, mussels and limpet's etc don't stick to it, its used for miniscule electrical contacts due to its pure properties, I think you'll find a few grams in your mobile phone.

 

[JBR]

And you can beat it out to very thin layers - gold leaf.

 

[JohnD]

OOI, still dropping, now £746

http://www.bullionbypost.co.uk/gold-price/3year/ounces/GBP/

 

[longdogs]

Damn!

I just can't get rid of all that bullion in the shed

 

[ladylola]

OOI, still dropping, now $746

History repeating itself? Falling price and a new move to sell the gold?

http://www.independent.co.uk/news/b...uts-its-gold-bullion-up-for-sale-9747554.html

 

[ellal]

OOI, still dropping, now $746

History repeating itself? Falling price and a new move to sell the gold?

http://www.independent.co.uk/news/b...gold-bullion-up-for-sale-9747554.html[/QUOTE]
But do they actually have the gold to 'sell'?

 

[ladylola]

perhaps I should have quoted the bit about the mint storing the gold even after purchase
Quote:
The gold will be stored in the Mint’s high-security vault and guarded by Ministry of Defence personnel. The initiative is designed to overcome some of the key objections to investing in physical gold,including worries about shipping, storage and finding a trustworthy broker.
Gold – but not silver – coins can be kept at the Mint’s vault, in return for an annual storage fees of 1 per cent of the market value of the gold being held, plus VAT. Alternatively customers can take delivery of the coins through an insured postal service.

When investors want to sell, the Mint will offer a buy-back service on gold coins stored in its vault, quoting a price pegged to current market prices.

Sounds a bit like an increase of the paper gold market

 

[ellal]

No 'MOD personnel' will be observed standing guard as none are needed...

Bottom line is...

The physical gold is not actually there!