cyclepro posts again!

[touchring]

Re: cyclepro posts again!

However both BullionVault and GoldMoney should be fine for bullion holdings. In GoldMoney accounts you can seamlessly trade between real audited silver holdings in either gold or silver and so buy one or the other depending on how overbought or oversold either of them is. You can park funds in cash of several denominations any time.:rolleyes:

Thks, how does goldmoney and bullionvault differ from ETF?

[GRG55]

Re: cyclepro posts again!

JK -

Thanks very much for posting this. Superb, clear summaries.

I don't know where I've been as I had not heard of CyclePro.

I have two theories:
1. Couldn't see anything because of all the smoke (therefore we'll excuse you). Glad to see you made it through that OK Lukester; hope TET is the same.

or...

2. You've been hanging around the patio of the Del Coronado again. Time just slips away when you're having fun in the warm California sun...

[GRG55]

Re: cyclepro posts again!

Nothing but creative accounting, profits are being moved to haven subsidiaries, we don't like CONgress looking into high profits. Yet, you can't bankrupt Joe Sixpack in one swell swoop, it is about keeping him laboring…

Before you all get carried away with more conspiracy theories this posting (of mine) may cause you to think about the refining business a bit differently.

http://www.itulip.com/forums/showthr...18982#poststop

[GRG55]

Re: cyclepro posts again!

Thanks Lukester. I'll go back and look again at BV - I didn't see any way to trade silver there, but I didn't spend a lot of time searching either.

There's a closed end fund called Central Fund of Canada that trades on Toronto and New York that contains a mix of gold and silver physical bullion vaulted in Toronto. I think it's about 45% Ag/65% Au, so not a pure play. However every unit is backed by bullion that is not allowed to be lent out of short sellers, and is audited twice a year as I recall.

You indicated you wanted something for "trading" in your first post, so a "paper" entity like this on a big board exchange may be more suited than taking delivery of your own silver (you probably need to check out tax implications). However, Lukester's comments are valid if you are looking for investment vs trading. I regard Central Fund as a cut above the ETF's since it is physically backed, audited and they won't lend it out to anyone. It's been around for many years; much longer than the ETFs. Finally, some in the USA may prefer to have their bullion outside the country.

[Sapiens]

Re: cyclepro posts again!

Before you all get carried away with more conspiracy theories

LOL, There is no need for conspiracies when you know which way is up.

In refenrence to your post, the dynamics of the oil business were different in 1997-1998 than they are today, Exxon merged with Mobil because OPEC killed the oil price with increased production.

Today there are 6 major retail refiners, i.e. Exxon-Mobil, Shell, Texaco, BP, C-P and Sunoco. How is it that they can't send their profits to their overseas units?

[WDCRob]

Re: cyclepro posts again!

Thanks GRG.

This is another case of me not knowing the language causing confusion. I'm not 'trading' anything. I'm buying and sitting still.

[GRG55]

Re: cyclepro posts again!

LOL, There is no need for conspiracies when you know which way is up.

In refenrence to your post, the dynamics of the oil business were different in 1997-1998 than they are today, Exxon merged with Mobil because OPEC killed the oil price with increased production.

Today there are 6 major refiners, i.e. Exxon-Mobil, Shell, Sunoco, BP, Hess and Valero. How is it that they can't send their profits to their overseas units?

The original question was about pump prices and refining margins. The margins are getting squeezed because refinery capacity owners have a business that is "short" physical crude and always get squeezed on the price rise. As for what they do with their accounting that's between the companies, the IRS, Congressional and Senate lawmakers and the conspiracy theorists.