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Pound Against The Dollar

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Valued Member
habiru001's Avatar
United States
236 Posts
 Posted 04/06/2006  4:34 pm Show Profile   Bookmark this topic Add habiru001 to your friends list Get a Link to this Message Number of Subscribers
I am reasonably sure that most of you are aware of the british pound against the dollar- This current ration gives the Brit a definite advantage on your auction(those of you who run ebay or Yahoo auctions) so be aware that you don't get your feathers plucked. Yet, there is a paradox to this- and I haven't solved it as yet- That is if you go to ebay and check up on British Gold being offered- There is boo-coo hundreds of listings- and of course at good old US dollar prices (some of them) This tells me the Brits do not think gold will hold at current prices and they want to cash in. Yet by accounts given by the C E O of the world's largest Gold Mining company which is British owned, He says that gold will definetly go to 800.00 before end of this year.This C E O IS headquartered in Denver, Colo. They hire 14,000 people and obviously can watch the demand better than any of us. What say you my Coin Community Friends? What do you think?
Pillar of the Community
wrk4lvg's Avatar
United States
756 Posts
 Posted 04/07/2006  03:57 am  Show Profile   Bookmark this reply Add wrk4lvg to your friends list Get a Link to this Reply
I say, I remember the first time I went to England. Back in 1994. I was only 16. Knew nothing of the currency exchange. So lets say, I didn't have near the $$$ as I thought I would need for a months trip.


However, on your topic. Insider trading? Not sure what to take from the CEOs comment. Could be trying to artifically inflate prices or not.
Edited by wrk4lvg
04/07/2006 05:14 am
Valued Member
Ętheling's Avatar
United Kingdom
438 Posts
 Posted 04/07/2006  04:31 am  Show Profile   Bookmark this reply Add Ętheling to your friends list Get a Link to this Reply
I don't think alot of Brits think much about Gold for investment purposes to any great extent, undeniably some do, but there's very little hype around investing in bullion round these parts. It's all stocks & shares & ISAs and stuff like that round these parts. If I do a google search (on .co.uk variant), most gold investment pages (nearly 90 odd % of them) are US based.

Thus the stuff on ebay is probably just coin dealers selling them as coins rather than as bullion. Most dealers only check the spot prices for their gold stocks every 2-4 weeks if that. Common date sovereigns have been selling between £58-£68 for about 6 years now. As gold goes up the prices tend to stay the same at the dealers.



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