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Early Morning Riser
01 Apr 10 21:41
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Date Joined: 12 Jan 02
| Topic/replies: 9,127 | Blogger: Early Morning Riser's blog
i was advised to buy gold stock during 1999-2002. should i sell them now just incase the price crashes if them nasty tories get in or keep them and hope the price goes up after the election. i could make one hefty profit if i sold them now as i invested well over 200k back then. any advice from you financial forum boys would be handy.
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Report Sir Denis Eton-Hogg April 1, 2010 10:09 PM BST
presuming u paid about £250/oz back then and its £730 now i guess u would make about £380k profit. minus 20% tax = about £300k. nice!!

if u want to spend £300k on a nice house now then why not cash it in - u cant take it with you! however i cant see any way going forward that sterling will increase in value relative to gold
Report Sir Denis Eton-Hogg April 1, 2010 10:33 PM BST
p.s. thinly veiled 'didnt i do well' fred
Report Biodiesel April 1, 2010 11:54 PM BST
sell half of it and put into natural gas & bank stocks.
Report backandlayboy April 2, 2010 8:47 AM BST
200k and you want advise on a forum mmmmmmm let me see SELL
Report lobby ludd April 2, 2010 1:51 PM BST
Why don't you ask 'Our Great Leader'.......immaculate record in selling gold at the bottom of the market.
Report Sir Denis Eton-Hogg April 2, 2010 7:46 PM BST
i suppose u bought loads at the same time as it was obviously 'the bottom of the market'??? mug ^^^^^
Report V4 Vendetta April 2, 2010 7:51 PM BST
No. I did a fuller answer on the politics thread.
Report Pastie April 3, 2010 1:04 AM BST
It seems that you may have bought it on the cheap off clueless one-eyed Gordon.

I think you should give it back gratis as the old dear didn't know what he was doing.
Report FINE AS FROG HAIR April 3, 2010 2:11 AM BST
Why would you sell now after waiting 10 years to be right and, more importantly, just when things are getting very interesting ?
Many pundits are saying that this is the right time to be out of paper assets and into commodities, energy etc.
Don't lose your nerve, unless you of course have an alternative use or need for your money.
Report Ghostdog April 3, 2010 12:51 PM BST
The old adage is that record highs mean something important has changed, and it could go anywhere.

Put a stop in below major support and hope to get something spectacular.
Report bobby2424 April 3, 2010 2:52 PM BST
Bobby George or Dale Winton should offer you a good price ;)
Report Clueless1 April 5, 2010 9:39 PM BST
how much is a gram of gold now please??
Report Sir Denis Eton-Hogg April 5, 2010 9:47 PM BST
depends who u buy it off!! about £23 spot price
Report Mrben April 8, 2010 7:53 AM BST
did you sell your gold? its gone up a fair bit since the original post.
Report taffy April 8, 2010 8:50 AM BST
If its physical/bullion keep it.

http://www.huffingtonpost.com/nathan-lewis/its-ponzimonium-in-the-go_b_519893.html

If its not flog it and buy bullion
Report taffy April 8, 2010 12:48 PM BST
http://www.zerohedge.com/

Theres nothing in the vaults.
Any at Fort Knox??
Report Early Morning Riser April 9, 2010 4:10 PM BST
not sold it yet. i'm thinling of buying a property abroad. i'm off to lanzarote in a few weeks just to see wots on offer out there and wot the surrounding area is like.
Report lehmanbrothers April 10, 2010 2:49 AM BST
sell when everyone is buying, buy when everyone is selling
Report Sir Denis Eton-Hogg April 10, 2010 12:28 PM BST
er....you need a seller to have a buyer
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