cancel
Showing results for 
Search instead for 
Did you mean: 

Dilemma

Moderator
Moderator
Posts: 25,755
Thanks: 1,120
Fixes: 47
Registered: 14-04-2007

Dilemma

This must be something of a dilemma for some people.
Customer and Forum Moderator.
Product of the Tyrell Corporation
7 REPLIES
Community Veteran
Posts: 7,906
Thanks: 588
Fixes: 8
Registered: 02-08-2007

Re: Dilemma

Not for me I do not possess  one single Gold Item !
The price of Gold varies so I wonder what these shops buy and sell it at ?
Must be making some money if they can set up next door to each other.
pwatson
Rising Star
Posts: 2,468
Thanks: 8
Fixes: 1
Registered: 26-11-2012

Re: Dilemma

Look at the picture again...  Wink
Community Veteran
Posts: 1,850
Registered: 11-08-2007

Re: Dilemma

pop into the place that's selling it and get some, then nip next door and offer it to the place buying it.  see how much you lose.
Moderator
Moderator
Posts: 25,755
Thanks: 1,120
Fixes: 47
Registered: 14-04-2007

Re: Dilemma

Buy some......get on the mobile for metal prices.....nip next door when the price goes up and make a killing Smiley
Not going to happen Sad
Customer and Forum Moderator.
Product of the Tyrell Corporation
Community Veteran
Posts: 16,820
Thanks: 1,112
Fixes: 13
Registered: 06-11-2007

Re: Dilemma

Seems like the price of gold is dropping....  several reports on Google  " Gold Price"  search indicate gold price "plumeting" on the indian market, and west africa is feeling the crunch too...
http://www.reuters.com/article/2013/10/25/us-africa-investment-gold-analysis-idUSBRE99O0S320131025 ; Analysis: Gold price drop jolts West Africa from mining dreams
http://www.financialexpress.com/news/gold-silver-prices-fall-in-delhi-on-profit-selling-weak-global-...; Gold, silver prices fall in Delhi on profit selling, weak global trend
Quote

SummaryGold of 99.9 and 99.5 per cent purity plunged by Rs 220 each to Rs 32.350 and Rs 32,150 per ten gram, respectively.


However... all  is not lost, because on the same page as the last report......
Quote

Wholesale vegetable prices in September surge by 89 pct:

Moderator
Moderator
Posts: 25,755
Thanks: 1,120
Fixes: 47
Registered: 14-04-2007

Re: Dilemma

Quote from: shutter
Wholesale vegetable prices in September surge by 89 pct:

Better trade in my gold for carats then Lips are sealed
Customer and Forum Moderator.
Product of the Tyrell Corporation
Community Veteran
Posts: 5,314
Thanks: 462
Fixes: 1
Registered: 21-03-2011

Re: Dilemma

Gold is currently under-priced, buy some now.  Historically  one barrel of crude oil is about 17 times the price of one troy ounce of gold.  On that comparison  gold should be about $1666 an ounce. This morning's midpoint price for gold was $1350.
Obama can print unlimited US$, sorry Quantitative Easing, whereas the supply of gold is decidedly limited.  Buy gold sovereigns as there is no capital gains tax, stamp duty or VAT on them, but expects to pay about 5% of the spot price as transaction fees.
Now Zen, but a +Net residue.