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[ZEN archer]

sell aud/usd at 1.0453 stop at 1.0479

closed at 1.0450 +3

 

[ZEN archer]

sell gbp/usd at 1.6092 stop at 1.6111

closed at 1.6091 +1

 

[ZEN archer]

I don't want to leave open trades overnight & pa is rubbish

 

[Lord Flasheart]

Morning all

 

[Knell]

What would the price of Gold have to be to support all the Fiat money in the world?

Over $25,000/ounce..

 

[Knell]

morning,

looking to long EU at 13062'ish

 

[Knell]

Over $25,000/ounce..

The problem at the moment with Gold price is that it's being driven by paper trading in gold (ETF's) as apposed to buying physical gold and taking actual delivery, so it's much like the banks, if everyone with ETF's turned up and asked for their physical gold then the whole system would collapse because they're selling more ETF's than they have physical gold...

 

[justtrader]

Eur/jpy restesting highs
sold @ 10785 stop 20 points

Adding to my jpy sells
selling usd/jpy @8246 stop 25 points

 

[Knell]

Long EU at 13064, SL-40, sorry for late post, I had this set as a limit order and just seen it got filled...

 

[justtrader]

The problem at the moment with Gold price is that it's being driven by paper trading in gold (ETF's) as apposed to buying physical gold and taking actual delivery, so it's much like the banks, if everyone with ETF's turned up and asked for their physical gold then the whole system would collapse because they're selling more ETF's than they have physical gold...

Yes agree I was not taking into account ETF's and more than likely 25 k is probably more like it .
Just the FIAT money systems of the major reserve currencies would give it a value of 7k.
There is not even a chance in hell of even looking at ETF's as you say the system would simply collapse.

 

[Knell]

Yes agree I was not taking into account ETF's and more than likely 25 k is probably more like it .
Just the FIAT money systems of the major reserve currencies would give it a value of 7k.
There is not even a chance in hell of even looking at ETF's as you say the system would simply collapse.

absolutely, but I still day trade gold & silver as I find it an easy trade (touch wood!!) but would never "invest" in ETF's.

I buy physical gold and silver coins every couple of months just for that day (remote I know) you wake up one day and find out that the money in your bank account is worth less than toilet paper...

 

[Lord Flasheart]

absolutely, but I still day trade gold & silver as I find it an easy trade (touch wood!!) but would never "invest" in ETF's.

I buy physical gold and silver coins every couple of months just for that day (remote I know) you wake up one day and find out that the money in your bank account is worth less than toilet paper...

yep relatives of mine have been buying since the 1000 level a few years ago.I think you can buy 10k worth a year without the taxman being on your case in the uk

 

[Lord Flasheart]

like the euro shorts

 

[justtrader]

Aud/usd sell @10486 stop 20 points

 

[Lord Flasheart]

short eur/usd at 1.3079 sl 1.3109

 

[justtrader]

yep relatives of mine have been buying since the 1000 level a few years ago.I think you can buy 10k worth a year without the taxman being on your case in the uk

Has anyone tried to sell gold ?
Bought the misses a ring a 6 years ago, when gold was less than half it current value,
had it revalued last month, it was just about the price we paid 6 years ago!

 

[be-positive]

Has anyone tried to sell gold ?
Bought the misses a ring a 6 years ago, when gold was less than half it current value,
had it revalued last month, it was just about the price we paid 6 years ago!

are you planning a new model ? -- think I will take a world cruise and maybe by the time I come back this flicking eur/usd will have moved 10pips catch up with you all in December 2013

 

[Knell]

yep relatives of mine have been buying since the 1000 level a few years ago.I think you can buy 10k worth a year without the taxman being on your case in the uk

I buy all my coins through coininvestdirect.com, they're based in Germany and seem to have best prices, excellent service as well. Not been flagged to hmrc as yet from them...

 

[Lord Flasheart]

Has anyone tried to sell gold ?
Bought the misses a ring a 6 years ago, when gold was less than half it current value,
had it revalued last month, it was just about the price we paid 6 years ago!

that must be the retail markup.Need to buy the sovereigns etc. These gold places just rip you off

 

[Knell]

Has anyone tried to sell gold ?
Bought the misses a ring a 6 years ago, when gold was less than half it current value,
had it revalued last month, it was just about the price we paid 6 years ago!

9ct? Bunch of sharks in the gold jewelery market..