IMO, no..... they will move, up or down, depending on financial and world affairs..... and the degree of movement will be in proportion to the events. Cheers, RickO
I don't know the answers. I just play the cards I'm dealt. And the downer they go, the lower the buy price…. No matter the range, the market stays open.
<< <i>Kinda like staying on the Titanic at this point! >>
At least on the Titanic they got a cold bath at the end I'm staying on board until I hit my goal. Slow and steady, all the while diversifying in other areas.
<< <i>Yes, the paper price is in the range that the Banksters have decided, for now.
They will take it lower, they promise. >>
??? So if you don't buy physical metals with paper money, what do you buy it with?... Anyone here or know of anyone that can't buy any physical metal with cash, check, wire, mo, etc?... From non bankers?...
<< <i>??? So if you don't buy physical metals with paper money, what do you buy it with?... >>
There is no way that you actually thought this is what he meant. >>
Lol, if you had an original thought or could think outside a straight line, you might be able to at least have a quarter intelligent post, lol, but then again your dangerous now more than ever...
By the way which bankers exactly set the phyzz price?... And what time do they do it?, oh and where?.... And your insinuating I personally have to go by it?....
There's a floor and a ceiling, mates. If you haven't seen it since the 70's, you ain't been in the room. Every once in a while there's a spike as it trends upwards, in time.
<< <i>??? So if you don't buy physical metals with paper money, what do you buy it with?... >>
There is no way that you actually thought this is what he meant. >>
Lol, if you had an original thought or could think outside a straight line, you might be able to at least have a quarter intelligent post, lol, but then again your dangerous now more than ever...
By the way which bankers exactly set the phyzz price?... And what time do they do it?, oh and where?.... And your insinuating I personally have to go by it?.... >>
<< <i>Thanks so much for Such an intelligent response ...lol >>
Friday, 20th March 2015.
The LBMA Gold Price today replaced the historic London Gold Fix. The first LBMA Gold Price settled at $1,171.75. ICE Benchmark Administration (IBA) administers the “LBMA Gold Price”. They provide the auction platform, methodology as well as overall independent administration and governance for the LBMA Gold Price. The LBMA holds the intellectual property rights.
Background
The London Gold Fix pricing mechanism has been replaced by a new electronic LBMA price-discovery process from Friday, 20th March 2015. The price continues to be set twice daily (at 10:30 and 15:00 London GMT) in US dollars. Sterling and Euro prices are available but they are indicative prices for settlement only. The new LBMA Gold Price is operated and administered by an independent third party provider, ICE Benchmark Administration (IBA), who were chosen following consultation with market participants. IBA provides the price platform, methodology as well as the overall administration and governance for the LBMA Gold Price. The IBA's platform provides an electronic, auction-based, tradeable, auditable and fully IOSCO-compliant solution for the London bullion market. For further information contact the LBMA at Au.Consult@lbma.org.uk or the IBA at iba@theice.com.
Accredited Price Participants
There are seven price participants who have been accredited to contribute to the LBMA Gold Price: Barclays Bank, Goldman Sachs International, HSBC Bank USA NA, JP Morgan, Societe Generale, The Bank of Nova Scotia - ScotiaMocatta and UBS.
I don't know of any bullion companies that have ever used the London fix and I doubt that any use this current price discovery for London as the barometer for their retail bullion prices, and I can almost guarantee that no individual would....or make that an intelligent individual that deals exclusively in precious metals ...
<< <i>I don't know of any bullion companies that have ever used the London fix and I doubt that any use this current price discovery for London as the barometer for their retail bullion prices, and I can almost guarantee that no individual would....or make that an intelligent individual that deals exclusively in precious metals ... >>
Does your intimate relationship with all these bullion companies provide you with info on how they do price their retail bullion products?
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>I don't know of any bullion companies that have ever used the London fix and I doubt that any use this current price discovery for London as the barometer for their retail bullion prices, and I can almost guarantee that no individual would....or make that an intelligent individual that deals exclusively in precious metals ... >>
Does your intimate relationship with all these bullion companies provide you with info on how they do price their retail bullion products? >>
No, just common sense, if you find one who does please let us know...
<< <i>I don't know of any bullion companies that have ever used the London fix and I doubt that any use this current price discovery for London as the barometer for their retail bullion prices, and I can almost guarantee that no individual would....or make that an intelligent individual that deals exclusively in precious metals ... >>
Does your intimate relationship with all these bullion companies provide you with info on how they do price their retail bullion products? >>
No, just common sense, if you find one who does please let us know... >>
So, as usual, you are guessing?
By the way, the US Mint uses the London fix to establish prices on its silver bullion.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Julio
Posts: 2,501 ✭
Comments
Worry is the interest you pay on a debt you may not owe.
The persistently weak economy is keeping them both in check.
<< <i>It seems to me that yes, interest and inflation rates are range bound.
The persistently weak economy is keeping them both in check. >>
Knowledge is the enemy of fear
Cheers, RickO
<< <i>PM's at this point, appear to be DOA....
Just wait til the burial... Fun times...
<< <i>Kinda like staying on the Titanic at this point!
At least on the Titanic they got a cold bath at the end
They will take it lower, they promise.
Yes, I do believe that they are. Silver has support at 15 and resistance at 19; Gold has support at 1100 and resistance at 1300.
Liberty: Parent of Science & Industry
<< <i>Yes, the paper price is in the range that the Banksters have decided, for now.
They will take it lower, they promise. >>
??? So if you don't buy physical metals with paper money, what do you buy it with?...
Anyone here or know of anyone that can't buy any physical metal with cash, check, wire, mo, etc?... From non bankers?...
<< <i>Are PM's range bound?
Yes, I do believe that they are. Silver has support at 15 and resistance at 19; Gold has support at 1100 and resistance at 1300. >>
It's support til it ain't ... After all how much support can you get with paper?...lol... And 2 dimensional lines?...
<< <i>??? So if you don't buy physical metals with paper money, what do you buy it with?... >>
There is no way that you actually thought this is what he meant.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
I think rawteam1 is serious with that.
Whelp, I've done my work here...cya later
I knew it would happen.
<< <i>
<< <i>??? So if you don't buy physical metals with paper money, what do you buy it with?... >>
There is no way that you actually thought this is what he meant. >>
Lol, if you had an original thought or could think outside a straight line, you might be able to at least have a quarter intelligent post, lol, but then again your dangerous now more than ever...
By the way which bankers exactly set the phyzz price?... And what time do they do it?, oh and where?....
And your insinuating I personally have to go by it?....
<< <i>
<< <i>
<< <i>??? So if you don't buy physical metals with paper money, what do you buy it with?... >>
There is no way that you actually thought this is what he meant. >>
Lol, if you had an original thought or could think outside a straight line, you might be able to at least have a quarter intelligent post, lol, but then again your dangerous now more than ever...
By the way which bankers exactly set the phyzz price?... And what time do they do it?, oh and where?....
And your insinuating I personally have to go by it?.... >>
Dont forget to take your meds
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>Thanks so much for Such an intelligent response ...lol >>
Friday, 20th March 2015.
The LBMA Gold Price today replaced the historic London Gold Fix. The first LBMA Gold Price settled at $1,171.75. ICE Benchmark Administration (IBA) administers the “LBMA Gold Price”. They provide the auction platform, methodology as well as overall independent administration and governance for the LBMA Gold Price. The LBMA holds the intellectual property rights.
Background
The London Gold Fix pricing mechanism has been replaced by a new electronic LBMA price-discovery process from Friday, 20th March 2015. The price continues to be set twice daily (at 10:30 and 15:00 London GMT) in US dollars. Sterling and Euro prices are available but they are indicative prices for settlement only. The new LBMA Gold Price is operated and administered by an independent third party provider, ICE Benchmark Administration (IBA), who were chosen following consultation with market participants. IBA provides the price platform, methodology as well as the overall administration and governance for the LBMA Gold Price. The IBA's platform provides an electronic, auction-based, tradeable, auditable and fully IOSCO-compliant solution for the London bullion market. For further information contact the LBMA at Au.Consult@lbma.org.uk or the IBA at iba@theice.com.
Accredited Price Participants
There are seven price participants who have been accredited to contribute to the LBMA Gold Price: Barclays Bank, Goldman Sachs International, HSBC Bank USA NA, JP Morgan, Societe Generale, The Bank of Nova Scotia - ScotiaMocatta and UBS.
Here ya Go!
<< <i>I don't know of any bullion companies that have ever used the London fix and I doubt that any use this current price discovery for London as the barometer for their retail bullion prices, and I can almost guarantee that no individual would....or make that an intelligent individual that deals exclusively in precious metals ... >>
Does your intimate relationship with all these bullion companies provide you with info on how they do price their retail bullion products?
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <i>
<< <i>I don't know of any bullion companies that have ever used the London fix and I doubt that any use this current price discovery for London as the barometer for their retail bullion prices, and I can almost guarantee that no individual would....or make that an intelligent individual that deals exclusively in precious metals ... >>
Does your intimate relationship with all these bullion companies provide you with info on how they do price their retail bullion products? >>
No, just common sense, if you find one who does please let us know...
<< <i>
<< <i>
<< <i>I don't know of any bullion companies that have ever used the London fix and I doubt that any use this current price discovery for London as the barometer for their retail bullion prices, and I can almost guarantee that no individual would....or make that an intelligent individual that deals exclusively in precious metals ... >>
Does your intimate relationship with all these bullion companies provide you with info on how they do price their retail bullion products? >>
No, just common sense, if you find one who does please let us know... >>
So, as usual, you are guessing?
By the way, the US Mint uses the London fix to establish prices on its silver bullion.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Edit to add- in other words that I do believe would be considered a wholesale transaction ...