TESCO Buying Gold! omg they are tin foil hatters too!

Graham_Devon

WhiteHorse wrote: »

Could it be that Tesco is a little short of cash? That it's not quite the profitable enterprise that it would have the stockmarket believe?

You could be on to something there. £1.6bn profit for 6 months is chicken feed when you think about it.

bengalknights

WhiteHorse wrote: »

Could it be that Tesco is a little short of cash? That it's not quite the profitable enterprise that it would have the stockmarket believe?

They have £2.8bn in the bank plus a further £30bn available in credit line on top of the £3.4bn profit (http://ar2010.tescoplc.com/en/downloads/build-your-own-report.aspx) based on there report so i doubt there not profitable.

Really2

Is the best time to bail not the time when every man and is dog are getting in to it?

Sounds like the peak must be here or near?

nearlynew

Really2 wrote: »

Is the best time to bail not the time when every man and is dog are getting in to it?

Sounds like the peak must be here or near?

Yes.

But "every man and his dog" are not buying.


The time to bail out is when tesco start selling gold.

Really2

nearlynew wrote: »

Yes.

But "every man and his dog" are not buying.

I would say that they are not traditional purchasers.

I would say they are selling it also, I don't think they are going to make a tesco gold mountain.

Buy it at a lower cost, sell it to the open market straight away. Tesco are not the kind of company to hoard.

They can see every man and his dog are doing it and getting in on the action.

halight

vivatifosi wrote: »

Of all the posts on this thread, this is one of the most telling. If scrap gold is worth more or less the same as that which has been turned skillfully into artefacts, what does that tell you about the state of the market? If the market has reached a point at which people are no longer willing to pay a premium for items produced from gold, rather than for holding gold, then why hold gold? If this viewpoint is replicated, it suggests to me that gold may be close to its ceiling.

Very Good post mate, its made me think.

Thanks

chucky

vivatifosi wrote: »

Of all the posts on this thread, this is one of the most telling. If scrap gold is worth more or less the same as that which has been turned skillfully into artefacts, what does that tell you about the state of the market? If the market has reached a point at which people are no longer willing to pay a premium for items produced from gold, rather than for holding gold, then why hold gold? If this viewpoint is replicated, it suggests to me that gold may be close to its ceiling.

if you had said silver in your post i would have said 100% agreed.

but (IMO) gold is a little bit different, it's virtually become a currency in itself so i don't think what you would say would apply.
i'll let the purch's or generali's comment more on this point though.

julieq

Sorry to disappoint the nutters, but:

"Tesco Gold Exchange is being operated for Tesco’s by Ramsdens, an online cash for gold operation and chain of high street Pawn Brokers.
Looking at the prices being quoted on their gold calculator, it appears they are paying roughly 70% of market value for scrap gold. This is a lot higher than many TV advertising companies, but still falls way short of the rates paid by specialist gold buyers, such as Gold-Traders."

So no Tescos gold hoard, it's just a joint venture (as Graham pointed out).

Do tin foil hats remove the ability to operate Google?

Cleaver

julieq wrote: »

Do tin foil hats remove the ability to operate Google?

Tin foil hatters don't use Google on account of it being a joint venture between the Rothschilds and the lizard people. I would have thought that someone with your knowledge would have known this Julie.

System

Google as well! Damned lizard people are infiltrating everything