Gold price?

[crankedup]

So what the hell happened to the gold price over the past few days. Or more accurately why did it drop so dramatically and then rise just as quickly? Speculators? Can't be down to all the noise from Italy.

[elster]

It hasn't really dropped much.

In October it dropped significantly.

[limpsfield]

As elster said, it hardly moved - Weds close around $1789, Fri $1788. It's trading at its best levels for about 6 weeks.

[sparkythecat]

Thanks OP for drawing attention to the current price of gold.

I've just pushed another needle through the heart of my Gordon Brrown voodoo doll

[Jackleman]

sparkythecat said:

Thanks OP for drawing attention to the current price of gold.

I've just pushed another needle through the heart of my Gordon Brrown voodoo doll

THIS ^

[shauniebabes]

sparkythecat said:

Thanks OP for drawing attention to the current price of gold.

I've just pushed another needle through the heart of my Gordon Brrown voodoo doll

So how much Gold did you buy then when the price was so cheap ?

[Bing o]

shauniebabes said:

So how much Gold did you buy then when the price was so cheap ?

Not as much as that blind sold, that's for sure.

[crankedup]

Yup, had another look and I had, through bleary eyes, misread the bloody chart! Still as suggested a good time to get those pins out again, make mine large size please. Selling off the U.K. gold stock at that time must rank as one of the biggest of all past Chancellors catastrophes of all time. What an idiot.

[BERGS2]

it was only a few quid

well, about £220 for every man, woman and child in the UK....

[BOR]

How much did Gideon sell when it hit $1950 ? I assume he bought back in at $1650 ?

[shauniebabes]

BERGS2 said:

it was only a few quid

well, about £220 for every man, woman and child in the UK....

That's still pretty insignificant compared to the amount lost by selling off council houses for a third their true value. Or selling off nationalised utilities for two thirds their true value (which make several billion pounds profit for their new owners every year). And tiny compared to the oil revenue that was spent on tax cuts in the 1980's which could of been invested to provide free pensions forever (like Norway)

[Trommel]

BOR said:

How much did Gideon sell when it hit $1950 ? I assume he bought back in at $1650 ?

It's supposed to be a reserve, not a trading fund.

Post-Brown, we have about as much left as Lebanon do ...

[DJRC]

shauniebabes said:

BERGS2 said:

it was only a few quid

well, about £220 for every man, woman and child in the UK....

That's still pretty insignificant compared to the amount lost by selling off council houses for a third their true value. Or selling off nationalised utilities for two thirds their true value (which make several billion pounds profit for their new owners every year). And tiny compared to the oil revenue that was spent on tax cuts in the 1980's which could of been invested to provide free pensions forever (like Norway)

Norway can afford to do that, due to the size of the natural resources they are exploiting compared to its population. The UK couldnt.

Id like to know how you priced the true value of our national utilities before they were sold aswell. Im not sure if you can remember, but the service they used to provide was absolutely bloody woeful!

[crankedup]

shauniebabes said:

That's still pretty insignificant compared to the amount lost by selling off council houses for a third their true value. Or selling off nationalised utilities for two thirds their true value (which make several billion pounds profit for their new owners every year). And tiny compared to the oil revenue that was spent on tax cuts in the 1980's which could of been invested to provide free pensions forever (like Norway)

I am one of the last in here to support the Council sell off policy from the 1980's. The very least that should have happened was the building of new stock from the sales fund. Unfortunately all the best quality houses were snapped up very rapidly leaving the 'tumbledown shacks' under the ownership of Councils. Lots of non owners made tidy profit from the policy, regulation was so loose it was a charter for fraud.

[madala]

....Gordon Brown should be shot.....that makes my piss boil.

[micky g]

DJRC said:

shauniebabes said:

BERGS2 said:

it was only a few quid

well, about £220 for every man, woman and child in the UK....

That's still pretty insignificant compared to the amount lost by selling off council houses for a third their true value. Or selling off nationalised utilities for two thirds their true value (which make several billion pounds profit for their new owners every year). And tiny compared to the oil revenue that was spent on tax cuts in the 1980's which could of been invested to provide free pensions forever (like Norway)

Norway can afford to do that, due to the size of the natural resources they are exploiting compared to its population. The UK couldnt.

Id like to know how you priced the true value of our national utilities before they were sold aswell. Im not sure if you can remember, but the service they used to provide was absolutely bloody woeful!

A reasonable indicator was the share price increase on issue. tidy profits for the punters on day one due to the significant undervaluation.

Oh, and they're worse than woeful now.

[DJRC]

micky g said:

DJRC said:

shauniebabes said:

BERGS2 said:

it was only a few quid

well, about £220 for every man, woman and child in the UK....

That's still pretty insignificant compared to the amount lost by selling off council houses for a third their true value. Or selling off nationalised utilities for two thirds their true value (which make several billion pounds profit for their new owners every year). And tiny compared to the oil revenue that was spent on tax cuts in the 1980's which could of been invested to provide free pensions forever (like Norway)

Norway can afford to do that, due to the size of the natural resources they are exploiting compared to its population. The UK couldnt.

Id like to know how you priced the true value of our national utilities before they were sold aswell. Im not sure if you can remember, but the service they used to provide was absolutely bloody woeful!

A reasonable indicator was the share price increase on issue. tidy profits for the punters on day one due to the significant undervaluation.

Oh, and they're worse than woeful now.

Er was that not because everybody thought that they would be run properly now and therefore actually be worth something?

How are they worse than woeful now? You can select from multiple tariffs, competition and there actually has been some investment in the infrastructure?

Now dont get me wrong, Im not completely happy with them all, for a state I fail to see how it can ever be a good idea that a foreign company is allowed to own and run some part of another countries infrastructure. I just remember how shocking they all used to be without any rose tined facial wear.