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What are your price thoughts?

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What are your price thoughts?

Post by Dirtbikepilot on Wed May 16, 2012 12:47 pm

First topic message reminder :

What do you think? Will we see a drop into $26 or even further?
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Thu Jun 07, 2012 10:33 am

Thanks rainman, but itd take along time to break even either way
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 10:43 am

Yes it would, but you are going to pay a premium on any fractional gold. Not everyone can
afford to go and purchase oz's at a time. Outside of my super I don't really have much in the
way of gold, mainly silver. I do wonder if in 2 or 3 years time we would be sitting back thinking,
'glad I didn't pay a $100 premium per oz back then'. I doubt it.
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Thu Jun 07, 2012 10:56 am

Did you get an accountant to swap your super into gold?
I cant find an easy service that does this. Its a complicated process.
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 11:06 am

No, just used ebroking. It was pretty easy, they did all the work in setting it up.
They even setup your bank accounts and trading accounts.

Once your super is transferred you use it as you wish, as long as it is in accordance with
the super rules. Buy shares, PM's, fixed term deposit, property etc... You cannot do collectables
with esuper, but if all you wanted was shares, cash and super it is fine and very easy.
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Re: What are your price thoughts?

Post by fukushima on Thu Jun 07, 2012 11:46 am

Dirtbikepilot wrote: You cannot do collectables
with esuper,

Who says? Smile
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 12:27 pm

esuper says.
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Re: What are your price thoughts?

Post by fukushima on Thu Jun 07, 2012 1:30 pm

Dirtbikepilot wrote:esuper says.

Check your esuperfund trust deed mate, in particular section 6.1.1.12 "Any other investment allowed by superannuation law that the trustee thinks appropriate." Collectables are allowed.

Smile
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 1:57 pm

Mate I read it somewhere. Not sure if it was in some of the paper work they sent out or on
their web site. I will find it and send you the link or scan. It basically said these are the things
that we don't do, if you wish to invest in them you will need to use someone else. Not verbatim.

Will find it and let you know.
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 2:07 pm

You can invest your Super Benefit only in “Allowed Investments”
as detailed in the Investments Section of the ESUPERFUND
website.
You cannot invest your Super Benefit in “Disallowed Investments”
as detailed in the Investments Section of the ESUPERFUND
website.
If you use invest in a Disallowed Investment ESUPERFUND
reserves the right to terminate you as a client in accordance
with the Termination Clause below.
ESUPERFUND clients are permitted to trade CFDs with CMC
Markets or CommSec. If you trade CFDs with another Broker
ESUPERFUND reserves the right to terminate you as a client
in accordance with the Termination Clause below

Step 7: Do not invest in "Disallowed Investments"

To ensure
that our services can be offered at a fee significantly below market
and to reduce audit risk certain Investments are not permitted under the
ESUPERFUND Platform. Listed below are Investments disallowed under the
ESUPERFUND Platform.
Investments in Private Companies or Private Trusts
Investments in Overseas Property
Loans to any Person or Entity
WRAP Accounts
Investments in Collectables

Further details including the rationale for disallowing these Investments is detailed here. ESUPERFUND
will not be able to act for clients who invest in any asset that is not
listed as an Allowable Investment, unless approved by ESUPERFUND.
Unfortunately if you are a client of ESUPERFUND and subsequently invest
in any asset that is not listed as an Allowable Investment (unless
approved by ESUPERFUND), then ESUPERFUND will immediately cease acting
for your SMSF and you will need to find a new Accountant to act for your
SMSF.



Was having trouble finding it but here it is.
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Re: What are your price thoughts?

Post by fukushima on Thu Jun 07, 2012 2:24 pm

Well fuck me. I'll have to go through my trust deed to see if there is any mention of that. That sucks. The terms on their website are in contradiction to the trust deeds.

Have had a look through and The trust deed makes no mention of that statement in the website - only what the Trustees consider appropriate and in line with superannuation law.

i am confused because the trust deed is the legal document. Fuck fuck fuck. A phone call to them tomorrow. Cheers mate.
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 2:32 pm

I had to call them to and wrote the tax office to get a private rulingre collectable status. It depends on what you have. There are ways around
some things. If you have face value coins (Perth Mint bullion) and you trade them above their metal value they are considered collectables.
If you decide you will only sell them at spot they are no longer collectables. I suppose you would need to record this.

Not sure you would want to do this with a $500 Panda.

When I spoke to ebroking they were happy with the fact that I had contacted them, said they would record it
and that it should not be a problem. Again I suppose it depends on what you have.
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Thu Jun 07, 2012 10:28 pm

good info.
can you convert your super to gold and keep it at home?
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 10:45 pm

Yes you can convert it to gold. Where you keep it is up to you. Bank, unallocated, allocated, vault, home, bury it, sock draw, in your display case.

As long as you are able to present it if/when audited. You do not need to declare where it is (for security obviously).
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Thu Jun 07, 2012 10:46 pm

Here's my business idea.
A one stop shop - bullion dealer/ self managed superfund adminstrator.
you do it all online.
Click a link saying - want to convert your super to gold and silver? click here.
And they set it up for you.Hold your hand all the way. Semd you a safe and some gold. Every month convery your super contributions into silver/gold and post it to you.

I figure there's a huge market for this. The financially savvy market is gone, but the numpty with compulsory super funds , dont even think about their super. If they realise they can have it in gold at home , without using any brainpower or hassle. They'd do it.

You'd have millions in turnover in a few weeks
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 10:56 pm

I don't know about send a safe and their gold. The crooks would have a ball with that. Every second house with a safe full of PM's.
Obviously if people want it, it's theirs. Most would probably go for an allocated/unallocated storage if it was marketed properly.
This would be similar to what they are used to, no care or responsibility for their retirement funds.

I think that the Government will slowly make SMSF's harder to manage and set up as time goes on, not easier, especially if they
become more popular. Have to protect the big boys profits for mishandling peoples super.
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Thu Jun 07, 2012 11:03 pm

Id prefer to risk catburglars than the banks and the stockmarket.
But maybe they would prefer storage.
Either way I think there's big market untapped. Just by putting it all in one shop.
I know a few people who I told to put their super into gold. I didnt know the process but said check out goldstackers.

I had convinced them it was a good idea. But when they tried to do it, seemed too complex and said they couldnt be arsed.

I'm confident there are alot of people like that with super they dont even worry about.

As far as the governments concerned,they havent done it yet make hay while the sun shines.
There are also freeman avenues to pursue anyhow.

Whose interested? I need a front man.
I actually think itd be pretty simple to do.
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Re: What are your price thoughts?

Post by Dirtbikepilot on Thu Jun 07, 2012 11:14 pm

You know the hardest thing at this time would be convincing people that PM's are the way to go.
You would have a hard time selling the concept to many.

Many people cannot be convinced to put a couple of dollars into PM's let alone their dwindling super funds.
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Thu Jun 07, 2012 11:48 pm

I wasnt aware of this.
I was thinking about the days when i made a dollar from the plethora of vacuous housewives hopped up on spending the easy money from equity in their houses rising value on renovations to fill the void in their souls.

And I figured those same housewives might be seduced by the glitter of gold and use the easy money of their untouchable super the same way

Assuming the suburbs are still stricken with an un-nameable neediness that only the spending of money can satisfy.
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Re: What are your price thoughts?

Post by fukushima on Fri Jun 08, 2012 6:26 am

Dirtbikepilot wrote:I had to call them to and wrote the tax office to get a private rulingre collectable status. It depends on what you have. There are ways around
some things. If you have face value coins (Perth Mint bullion) and you trade them above their metal value they are considered collectables.
If you decide you will only sell them at spot they are no longer collectables. I suppose you would need to record this.

Not sure you would want to do this with a $500 Panda.

When I spoke to ebroking they were happy with the fact that I had contacted them, said they would record it
and that it should not be a problem. Again I suppose it depends on what you have.

I sent them an email this morning, will PM you on how I go
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Fri Jun 08, 2012 8:52 am

I dont know if anyones noticed but the spot is tanking.
Its supposed to be flying to $40
I cant believe ive misread the situation.
My spot prediciton antannae are usually perfect
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Re: What are your price thoughts?

Post by Dirtbikepilot on Mon Jun 18, 2012 8:04 am

If the silver keeps falling like this I might have to buy some more soon
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Re: What are your price thoughts?

Post by Dirtbikepilot on Wed Jun 20, 2012 8:09 am

Well prophasisers. Where is silver heading now. Are we going to see a drop to low 20's
or is this the bottom and we are about to bounce. Perhaps sideways with a bit of up
and down to keep it mildly interesting. Graphs to back up your predictions would be good,
don't worry if they are ultimately irrelevant to what you say. Most of them may as well have
been drawn by a preschooler.


Last edited by Dirtbikepilot on Wed Jun 20, 2012 8:53 am; edited 1 time in total
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Wed Jun 20, 2012 8:34 am

silver is still pretty solid, its the US dollar thats hurting us. I predict $34 silver by next wednesday (US)
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Fri Jun 22, 2012 7:01 am

Ok Ill revise that to- who the fuck knows
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Re: What are your price thoughts?

Post by Apocalypse prettysoon on Fri Jun 29, 2012 1:39 am

Here it is- franklin saunders . chart analysist and good christian on the barrier silver is reaching. This is his blog from last week, which he's revised since. Wouldnt it be nice to buy silver at $22?


Long and short is this: If the GOLD PRICE
doesn't hold $1,525 and silver 2615c, they will drop much further, as
low as $1,450 and 2250c. You will know as they unfold next week, because
if they intend to continue falling, Monday and Tuesday will be painful
days. On the other hand, physical demand at these prices is huge. I
nearly didn't write a commentary this evening because I am so washed out
from trying to help all the callers. For silver and gold to fall much
further, those buyers would have to disappear. However, if metals do
fall, expect even more buyers to crawl out of their hiding places.

Nothing significant has changed for those who follow the primary trend. SILVER and GOLD
are correcting. So what? They've been correcting since April 2011 and
August 2011. Corrections can last up to 18 months. Stop panicking. Has
the Federal Reserve stopped inflating? The rest of the world's central
banks? Has common sense, honesty, and financial probity suddenly seized
the world's leaders and shaken some backbone into them, like a terrier
shaking a rat? Sorry, no. And as long as their idiocy, treason, and
parasitism continues, silver and gold will remain in a primary trend,
and we are following NOT the daily or weekly fluctuations, but the LONG
TERM PRIMARY TREND which hath yet years to run.
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Re: What are your price thoughts?

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