Thread: Buying Gold with my Thai savings?

If you want a gold stock to take a punt on have a look at Angel Mining (ANGM) listed on the AIM, currently massively oversold due to delays on their first gold pour which should have been done by now, closed at 3.625p yesterday. The mine is in Greenland, they also have the Black Angel Mine which should come into production 2012/2013 mining lead and zinc, anyway i'm looking at 8-10p sort term when first gold pour, shipping and sale is made and 25-30p a share when Black Angel Mine gets into production. I hold best part of half a million shares here so better come good!!!!!!!

well, if they don't, you can always beat your wife up

Originally Posted by DrAndy

well, if they don't, you can always beat your wife up

Calling you the forum bore is really being too kind.

Originally Posted by buriramboy

I hold best part of half a million shares here so better come good!!!!!!!

putting all your money into one stock ? you are raving mad,

Originally Posted by Butterfly

Originally Posted by buriramboy

I hold best part of half a million shares here so better come good!!!!!!!

putting all your money into one stock ? you are raving mad,

I'd never put all my money in one stock or anywhere close to it, very rare if i hold over 15-20% of my portfolio in any one stock at anytime.

you might be better off buying gold, buying gold stocks usually lag in performance

Originally Posted by Butterfly

you might be better off buying gold, buying gold stocks usually lag in performance

The Black Angel Mine will be the payoff with Angel mining when they start mining lead and zinc, so a 2 year hold although i'll top slice along the way as i'm expecting a large spike in the share price within the next 2 weeks when hopefully first gold pour, shipping and sale are confirmed. Have a look, they are massively undervalued, they ain't looking for gold or years away from production, they have the gold and should be in production anytime now. The share has been oversold due to delays, gold production was supposed to start back in January, sp was 6-7p then, currently 3.5 - 3.75p.

Angel Mining - Welcome

^ it looks like the market has already priced that one as a loser,

putting 20% of your money is like taking a bet on a horse from a tip you heard in a bar,

buy Gold if you want the full exposure, not some stocks with accounting issues

Originally Posted by Butterfly

^ it looks like the market has already priced that one as a loser,

putting 20% of your money is like taking a bet on a horse from a tip you heard in a bar,

buy Gold if you want the full exposure, not some stocks with accounting issues

As i said it's been massively oversold due to people losing patience with the delays in the first gold pour and the resulting drawdown, but it's a bargain at current sp if you believe all the problems are sorted and gold production will be starting any day now, check back in a month and see what it's trading at then. It's the way it is with stocks traded on the AIM, they are volatile as fok, any sniff of good or bad news and the sp can shift 50-100% in a day.

Originally Posted by buriramboy

any sniff of good or bad news and the sp can shift 50-100% in a day.

trying to sell some of your share methinks.

Originally Posted by The Master Cool

Down 50b today to 20,400.

22050.

7.5% in 2 months is alright with ya?

^ for that level of risk ? no it's not alright

Suppose the worst happened for the Americans whatever that could be. How high do you think gold could go per ounce?

Do any of you see this boom ending and gold going down ever again to say $600/ounce in the future?

it will go down, that's for sure, when ? impossible to say,

if Bernake is to raise interest rates again this summer, you could see a nice correction across the board

Originally Posted by Butterfly

it will go down, that's for sure, when ? impossible to say,

when is the most important factor

Originally Posted by Butterfly

^ for that level of risk ? no it's not alright

ha ha ha.

It is the least risky asset out there you stupid fuck.

risk.....

Originally Posted by Hampsha

Suppose the worst happened for the Americans whatever that could be. How high do you think gold could go per ounce?

Do any of you see this boom ending and gold going down ever again to say $600/ounce in the future?

That has never happened in history. The run up to $850 in gold in the 80's started at $35. Nobody seems to remember that. Then the rock bottom was $260 in 2000, the bottom never gets near the starting price.

Originally Posted by Butterfly

if Bernake is to raise interest rates

Can the US afford an increase in interest rates with all their debt?

Originally Posted by OhOh

Originally Posted by Butterfly

if Bernake is to raise interest rates

Can the US afford an increase in interest rates with all their debt?

No they can't. Everyone is refinanced at 4 or 5% now so if the commercial banks cant get their money from the central banks at under 3%, they are insolvent.

Originally Posted by Butterfly

it will go down, that's for sure, when ? impossible to say,

if Bernake is to raise interest rates again this summer, you could see a nice correction across the board

Look at what happened to gold when rates where rising in 2004 to 2006. Unless rates are ahead of inflation, it does not matter. And they have to be ahead of inflation for a long time to sterilize inflation.

Forget about interest rates and the value of the Dollar.

Ben Bernanke has clearly bought gold himself (well, probably a good friend has done so on his behalf). Ben isn't talking the Dollar down...he's talking gold up. Jeez even I bought gold on 3rd April when I realised what was going on.

Madoff wasn't the only crook.

It really seems like the 'conspiracy theorists'/end-of-the-worlders have been right about gold and the US. Maybe the dollar will be devalued. Should we buy Ameros as some of them suggest?

Originally Posted by OhOh

Originally Posted by Butterfly

if Bernake is to raise interest rates

Can the US afford an increase in interest rates with all their debt?

the decision of raising interest rates is not the decision of the US Treasury, but only the Fed. Raising interest rates will actually help them, the US Treasury, raise more debt, even though it will be more expensive.

Even Greece was able to sell more of their bonds even though they are close to bankruptcy. With the right interest rates, you will always find a market for it.

Originally Posted by Butterfly

Originally Posted by OhOh

Originally Posted by Butterfly

if Bernake is to raise interest rates

Can the US afford an increase in interest rates with all their debt?

the decision of raising interest rates is not the decision of the US Treasury, but only the Fed. Raising interest rates will actually help them, the US Treasury, raise more debt, even though it will be more expensive.

Even Greece was able to sell more of their bonds even though they are close to bankruptcy. With the right interest rates, you will always find a market for it.

How does a bank stay solvent if they lend at 4% and borrow at 5 ?