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[bigegg]

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? 

 

[kevinp58]

chinese 

[bigegg]

chinese 

looks like it:

http://www.forbes.com/sites/gordonchang/2012/01/29/why-are-the-chinese-buying-record-quantities-of-gold/

[Lazydocker]

I hope it's not our government buying gold at a record high

[Sir Tigger KC]

The Indians are quite fond of gold as well. 

[bigegg]

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

[plym ian]

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

[dbug]

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 ?   

[omega3000]

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

  Funny you never hear anything of him now  guess he's sitting on a nice little retirement fund 

[bigegg]

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?)

[Field Marshal Dr. Opti]

I'll wager that the funeral parlours have a ready supply of "Cash for gold " bags handy......

[cem_devecioglu]

china and iran
 
they have depleted the gold here

[2boxerdogs]

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.

[tidla]

Or does he get his money from snickers these days.