Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: bigegg on 10 February 2013, 23:48:16

Title: Who is buying the gold?
Post by: bigegg on 10 February 2013, 23:48:16
We have a plethora of companies advertising "we buy gold".

Now, if they're buying, they must be selling to someone.
But who?

I'm hoping it's the UK govt buying it to boost our currency.

Or is it some foreign country? Like china? 

 :-[
Title: Re: Who is buying the gold?
Post by: kevinp58 on 10 February 2013, 23:59:42
chinese  :'(
Title: Re: Who is buying the gold?
Post by: bigegg on 11 February 2013, 00:02:25
chinese  :'(

looks like it:

http://www.forbes.com/sites/gordonchang/2012/01/29/why-are-the-chinese-buying-record-quantities-of-gold/ (http://www.forbes.com/sites/gordonchang/2012/01/29/why-are-the-chinese-buying-record-quantities-of-gold/)
Title: Re: Who is buying the gold?
Post by: Lazydocker on 11 February 2013, 00:15:07
I hope it's not our government buying gold at a record high ::)
Title: Re: Who is buying the gold?
Post by: Sir Tigger KC on 11 February 2013, 00:18:34
The Indians are quite fond of gold as well.  ;)
Title: Re: Who is buying the gold?
Post by: bigegg on 11 February 2013, 00:23:38
I hope it's not our government buying gold at a record high ::)

Not neccessarily a bad thing - the govt can always print more fivers.
They can't make more gold - and we might need the gold to guarantee our new currency
when sterling goes t*ts-up
Title: Re: Who is buying the gold?
Post by: plym ian on 11 February 2013, 00:42:27
I hope it's not our government buying gold at a record high ::)

Not neccessarily a bad thing - the govt can always print more fivers.
They can't make more gold - and we might need the gold to guarantee our new currency
when sterling goes t*ts-up
Gordon brown sold half our gold back a while ago >:(

and he only got 3.5 billion for it. today the same amount of gold would be more like 19 billion >:(

look up brown bottom on google
Title: Re: Who is buying the gold?
Post by: dbug on 11 February 2013, 01:07:49
I hope it's not our government buying gold at a record high ::)

Not neccessarily a bad thing - the govt can always print more fivers.
They can't make more gold - and we might need the gold to guarantee our new currency
when sterling goes t*ts-up
Gordon brown sold half our gold back a while ago >:(

and he only got 3.5 billion for it. today the same amount of gold would be more like 19 billion >:(

look up brown bottom on google

You saying Gordon is an rsol ?   ;D ;D ;D ;D ;D ;D
Title: Re: Who is buying the gold?
Post by: omega3000 on 11 February 2013, 08:29:45
I hope it's not our government buying gold at a record high ::)

Not neccessarily a bad thing - the govt can always print more fivers.
They can't make more gold - and we might need the gold to guarantee our new currency
when sterling goes t*ts-up
Gordon brown sold half our gold back a while ago >:(

and he only got 3.5 billion for it. today the same amount of gold would be more like 19 billion >:(

look up brown bottom on google

 ;D ;D Funny you never hear anything of him now  ::) guess he's sitting on a nice little retirement fund  >:(
Title: Re: Who is buying the gold?
Post by: bigegg on 11 February 2013, 11:08:59
I hope it's not our government buying gold at a record high ::)

Not neccessarily a bad thing - the govt can always print more fivers.
They can't make more gold - and we might need the gold to guarantee our new currency
when sterling goes t*ts-up
Gordon brown sold half our gold back a while ago >:(

and he only got 3.5 billion for it. today the same amount of gold would be more like 19 billion >:(

look up brown bottom on google

Yep.
That's what I mean.
Is the govt trying to replace that gold by buying up people's jewellery?
Or is it all going abroad (effectively, half the population doing what Brown did?)
Title: Re: Who is buying the gold?
Post by: Field Marshal Dr. Opti on 11 February 2013, 12:57:19
I'll wager that the funeral parlours have a ready supply of "Cash for gold " bags handy...... ::) ::) ::)
Title: Re: Who is buying the gold?
Post by: cem_devecioglu on 11 February 2013, 12:57:56
china and iran
 
they have depleted the gold here :-\
Title: Re: Who is buying the gold?
Post by: 2boxerdogs on 12 February 2013, 18:06:48
Sold some a few months back, just tat that neither of us ever wore, packed it into a pre paid bag and got £1200.00! Paid for the roof repair on the house, a colleague at work whose brother is in the jewellery trade reckons that £1200.00 worth when smelted is probably worth about £3,000.00 so the companies do well out of it.
Title: Re: Who is buying the gold?
Post by: tidla on 12 February 2013, 23:06:17
(http://i1114.photobucket.com/albums/k536/tidla1/Mr-T-As-BA-Baracus-Wallpaper-WallpapersWWEcom_zps92cd3344.jpeg)

Or does he get his money from snickers these days.