A thread for all those who wish to discuss GOLD - the investment of and related discussions that can effect GOLD as an investment or simply how to invest in it. All welcome from other websites.

http://patriotsurvivalplan.com/video.php?v=5&cid=102b3ba160c3610347375bdbac480a&affid=AP-1080&c1=b300x250&c2=&c3=

squirrel,

Have just listened to the above and it sounds too good to be true. Have you subscribed to this?

mabel

Mabel - morning,

No I did not subscribe. I call it "sticky advertising". People who genuinely want to help society & community be sustainable do not charge folk.

I don't charge folk but I have published 3 books & run a website for free. Not for these forums.

Who wants to live in an inhospitable world where we lose freedom, love & community spirit at the hands of dictators & meglamaniacs.

My readership are encouraged to be frugal, have PMs, some collectables & to create their own sites & products. I do not sell information other than the books which the internet online bookstores take care of.

I don't have time for cons, apathy, spins.

This becks character seems to be a spinner.

I think gold could bounce at any moment.

It sounds like the Coop is about to be Cyrused?

The Co-op Bank will this week announce plans to fill a 1.5bn-pound hole in its finances. The rescue, brokered with the Bank of England's Prudential Regulatory Authority, will see 5,000 investors take a haircut on money they lent to the bank...

http://news.sky.com/story/1104599/co-op-bank-seeks-to-fill-1-5bn-capital-hole

http://www.independent.co.uk/news/business/news/troubled-cooperative-bank-unveils-rescue-plan-8661275.html

Good find swan.

Glad I didn't put money into the co-op. Got my £1 membership fee back when I exited the UK. Sold my premium bonds too - thats another questionable "investment".....

squirrel,

I mistakenly thought that by providing the link, you were endorsing it. I personally am suspicious of this type of advertisement, however, it can be a fine line between providing a genuine service and taking advantage. We have to make the decision for ourselves.

mabel

A bit more on the CoOp here:
http://hat4uk.wordpress.com/2013/06/17/banking-scandals-cooking-up-the-hook-ups-that-turned-into-fk-ups-and-britains-first-bailin

Mabel - agree.

Co-op first. Tesco/sainsburys next? Why would anyone bank with a supermarket chain?

Are the supermarket banks wobbly?

I wouldn't trust them. It's another accident waiting to happen Max. Get your money & all your shopping data/habbits. Loan out your money & then the defaults start pouring in. Who is going to bail them out so customers don't lose everything?

Not sure why you think Supermarket "Banks" are another accident waiting to happen - their lending practices aren't as risque, their interest rates not as competitive from what I can see. They're also less prone to the kind of dubious activities that most banks engaged in - why? Because they can't afford the reputational damage to their main business,namely the sale of groceries.

They simply wont get into the position where they need a bailout is my view...

So what happened to the co-op then - just for clarity's sake?

I think the perception may well be that 'supermarket' banks are completely clear but it is not the case. Supermarket are capitalising on their brand strength and the publics general mistrust of the banking brands. However, once you look behind the branding you will more than likely find a banking institution behind it whether on a jv basis or as processor. On the surface the supermarket bank looks as though it's free from toxicity but it is only as good as the clearer and all institutions are connected in some way to a third party. If a default occurs with a third party it ripples though the whole sector. In 2008 Tesco purchased RBS's 50% stake in Tesco Bank for £950m, it was sold as a buyout for public consumption but in reality it was a bailout for Tesco Bank.

Co-op is hardly a Sainsbury or Tesco now is it Squirrel. And it's the CO-OP PIBS holders that are suffering - similar to RBS/Lloyds shareholders. Depositors being safeguarded.

I expect, but haven't followed the situation closely that other parts of The CO-op will be bailing out the bank side. Not sure why they've got into the trouble they have because I neither invest in the CO-Op nor use any of their services.

Sainsbury, or Tesco banking is a different kettle of fish as they have serious reputational damage to avoid - the Co-op , imo, is a pile of shite..

"In 2008 Tesco purchased RBS's 50% stake in Tesco Bank for £950m, it was sold as a buyout for public consumption but in reality it was a bailout for Tesco Bank."

Looks like a buyout of the other 50% shareholder to me, namely RBS - how do you get to "bailout" for Tesco Bank out of interest Yik?

Re banks in trouble (Biiii-iiig Banks)

Posted comment re several....inc...Barclays ???
- across on Silver

Squirrell
- not looked up Becks big disclosure
- just assumed it was..... re that given in the article immediately before ...your dissapointed no update query

(post no 62.....interesting imo - especially taking into account...the subsequent..event)

Gaz - excellent content as usual. Read silver thread.

Yik - ty for info re tesco. Clearing houses being the key. I like to know which clearing/transaction houses are being used for which front facing "shop". Having worked in a bank after I finished my schooling. Highly boring it all was. Now - I'd probably die of shock not boredom. In those days we'd get bags of 25k cash. Today I think those bags contain much more paper............thanks to inflation.

On a supermarket only basis I'd agree that Sainsburys leaves ttroubled tesco behind who have had to pull out of the USA & cr8ppy co-op who have just stung a group of pensioners.

I like Waitrose best for it's non-gm approach.

I won't mention any others but a certain household name may be scooped by a certain gulf state.

http://blogs.marketwatch.com/thetell/2013/06/17/get-back-into-beaten-down-mining-stocks-j-p-morgan/?source=email_rt_mc_body

Get in.

With what?

Many have lost their shirts on the way down I suspect.
And those that haven't are very wary of buying for one reason or another.

That's before you consider many have decided that they're never investing in AIM again due to the shenanigans of numerous BOD's.

MML looks interesting, as does HGM and CEY (political risk huge here)
As to smaller goldies, too risky, especially if they need any financing. Same for silver companies. Go for producers, preferably those not needing to raise cash in any form.