This deserves a thread as it revolutionises the way Gold can be traded.
Starts trading on L.S.E.on Dec 9.rgds aj

I don't know if you could explain the attraction of buying into something like this as against buying into a gold share like OXS, AVM, BEMA etc.? I can't quite see it, but I might be missing something.

Hi Scottie,
I think it is Much better and safer.There are an ever increasing number of
companies often located in politically unstable states e.g.Russia,China,Africa,
South America.As I mentioned on another site : why invest in Russia which is
a Mafia run dictatorship e.g.Putin rigged the elections ref international
observers rgds aj

I don't think your argument about not investing in any companies located in Russia holds any substance. It's like someone who likes watching football saying, I won't buy a satellite dish and subscribe to Sky Television because I don't like Rupert Murdoch. Safer? Like putting your money into a pension plan that an Independent Financial Adviser has recommended - I don't think so.

Hi Scottie,
I suggest you read gfs post on my GOLD thread -- mining stocks down and gold
bullion dealing up.rgds aj

Have read that post ajren and think it was predictable that gold bullion was always going to have some initial success - there has been quite a lot of publicity about it. I think mining stocks generally are having a retracement because the price of gold has pulled back. Personally I think the dollar is having only a brief revival, and when it goes down again then the price of gold will climb.

Hi Scottie.Why invest in mining instead of gold bullion ? rgds aj

Well if I take Oxus as an example, you could have bought the shares at 10.25p on 19th March this year - and they closed last night at 91p to sell. I think by any standards that's quite a return for an investment. There was a very interesting article about gold bullion in a weekend newspaper which said it all far more eloquently than I could. I will see if I can find it - it was either in The Daily Telegraph on Saturday - or The Sunday Times.

Scottie,

Well said, and please post the article here if you can find it, or even just the link to it.

Hi Scottie.
I hope you can find it as would be delighted to read it.
I agree about Oxus.How many oxus ??? The article - not me - said
mining was down and interest in gold bullion.rgds aj

Gold Bullion dealing - no worry about a particular mine.

Mine dealing.Worry about the world view in relation to Gold AND the mine ..etc
rgds aj

ajren,

Your deramp of Oxus is not so subtle, it's blatantly obvious!

As has been demonstrated by Scottie's post, you stand to gain far more in a miner than just in bullion, and good examples of this are the percentage increase in the price of bullion over say the last year, and the percentage increase in price of, say, Avocet, Peter Hambro, and of course, not forgetting Oxus itself, over the same period.

Oxus has minerals in abundance, and their value on the world market is increasing, so short away, I'm holding firm.

I suggest you check out the Oxus website for yourself, you may be surprised what you find!

Hi Andy,

I am not trying to deramp anything.I wish everybody the best of luck with all
Gold companies.Please note I started the bullion thread because it is new
and as an alternative investment to mining.I,personally,prefer direct trading
but that is a separate issue.rgds aj

aj,

Ok, apolgies if that's the case, it just seemed as if you were looking to knock Oxus.

I would be very surprised if anyone would short Oxus with the gold pour just around the corner (we hope!)

I do feel demand will be there, at least until the dsitribution of the free Marakand shares, then obviously the price may dip a bit, unless they can accompany it with some good news.

Hi Andy,
Thank you for your apology.I am an honest person e.g.please see Wiggins thread
where I declared my interest.rgds aj

aj,

ok seen it, and fair comment.

Cheers.

Ref 1st day trading i.e.yesterday.
........................
Simon Village,joint Managing Director of Gold Bullion Securities :-Quote :-

This has been a phenomenal success.The interest from private and institutional
investors has greatly exceeded our expectations.It is indicative of a
STRONG INTEREST IN GOLD IN THE MARKET GENERALLY - my Capitals .
rgds aj

Gold has always been a refuge in times of uncertainty.

The new Gold Bullion Securities now allow small investors to take that refuge.

This would have been very useful just over 10 years ago when the pound dropped through the floor as it fell out of the ERM & Norman Lament played silly games with interest rates & kept on wasting billions of our gold reserves trying to prop it up.

Meanwhile George Soros borrowed billions of pounds & dumped them on the market in exchange for whatever currency took his fancy.

When the pound bottomed out, he bought back some pounds to repay the borrowings & kept the rest.

Us small investors could have taken refuge in Gold Bullion Securities & then bought our pounds back when things had settled down, we would have made a fortune in pounds with hardly any risk.


Of course the pound eventually recovered & we would have benefited from that & that is when our gains would become real.

If we had bet on another currency then that would have been far more risky than gold.

In fact, when the pound was plumetting it would have been more risky not to do it.


Sooooooooooo, the next time the pound plumets, go for Gold Bullion Securitie.

Don't know if anybody else has noticed this,but according to the GBS price on moneyam,its "suggests" its about 40p,but ofcourse,its more like..............................40 bucks !!!!!!!!!!!!!!!!!!!!!!!

phobos,

yes you're right, and I think this has casued some confusion, as I have seen comments on other BB's reagrding this too!

I have to admit I thought it was 40p too at first, and couldn't work out how it was arrived at, until I realised the price had to be in $US.

well I made a "trial" trade of GBS on Comdirect "buying" a few at 40p so I thought,going to press the cancel button ofcourse..........anyway it told me not enough funds (only had 50 quid in cash) not surprising really when they told me later it was Dollars not pence.........I had read earlier in GBSs info,its based on 1 tenth of price of gold.


Also,CD DON'T do online trades in this 'course its price in US$$$$$$$$