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  #41  
Old 10-20-2010, 09:33 AM
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Any eurolanders buying or selling at these prices?
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  #42  
Old 10-20-2010, 12:38 PM
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UK slashes 490,000 jobs amid deep budget cuts

Shouldn't this make eurogold drop?
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  #43  
Old 10-20-2010, 02:10 PM
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Originally Posted by Nevermore View Post
Any eurolanders buying or selling at these prices?
just bought 2 roosters (napoleons - actually 1909 & 1912 20 francs) at a shop near the Bourse (Stock Exchange) today. 377 euros total for both. Can't beat that premium... No "paperwork" to fill out, no ID - just cash at the window, and a detailed printed receipt. If I want to purchase in $US though, first I'd have to go through the currency exchange rate... not very favorable...
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  #44  
Old 10-20-2010, 02:43 PM
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Any eurolanders buying or selling at these prices?
Just ordered some fractional krugs (1/10th oz), I'm going to put them in a little pouch and hang it around my neck
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  #45  
Old 10-20-2010, 03:39 PM
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Originally Posted by Metaljacket View Post
Any of my fellow europeans buying the miners lately.

I have bought miners on the nyse but the way the dollar is going my gains are erroded big time.
Yes, got into some miners awhile back and though profits were high, all bought on canadian markets and so profits reduced when loony dropped relative to the Euro, but holding out long term. Some bought via Frankfurt. ( all through european broker/bank).

Fíréan
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  #46  
Old 10-20-2010, 03:56 PM
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Originally Posted by Nevermore View Post
UK slashes 490,000 jobs amid deep budget cutsShouldn't this make eurogold drop?
Was a change of 1.5cents in favour of GBP, and POG in UK hardly changed.

But that's today in the UK, ask us after the next print run!
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  #47  
Old 10-20-2010, 03:57 PM
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Fíréan are you irish?
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  #48  
Old 10-20-2010, 04:01 PM
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What do you guys think is the long term trend of Eur/Gold, I think it will be up, but I just sold all my gold in Euros.

Ill be buying back later.
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  #49  
Old 10-20-2010, 05:46 PM
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Originally Posted by DiggerUK View Post
Was a change of 1.5cents in favour of GBP, and POG in UK hardly changed.

But that's today in the UK, ask us after the next print run!
Funny that you mention printing. It seems widely conceived that QE resulted in lower sterling. But if the effect of QE is to support asset prices and bank balance sheets, generate growth and inflation (or prevent deflationary collapse) then it would appear it becomes positive for the currency. Sterling was collapsing due to the collapsing banks and housing market. It reversed that from March '09.

How it plays out in the end I have no idea but so far it looks like QE is supportive so a second run could make gold cheaper in sterling terms.
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  #50  
Old 10-20-2010, 05:50 PM
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Originally Posted by Medina View Post
What do you guys think is the long term trend of Eur/Gold, I think it will be up, but I just sold all my gold in Euros.

Ill be buying back later.
Sold it because you needed the cash or sold it because you thought it would drop?

As I'm writing this, I could buy gold at 970.47€ an ounce (buying mex pesos, premium included - cheapest kruger I can find is 979.82€/oz). I thought about pulling the trigger at 970€/oz as target, but the sideways trading has left me uncertain about the possibility of a further drop in eurogold, especially with the publicity surrounding the UK slashing government spending and what not.

Any thoughts on this, anyone?
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