Martin1983

Looking to buy some gold coins or bars, who is selling?

I will if it continues to drop and lands around £1200

Well, of course I just bought a lot of gold and it’s dropped a further £10 per once since my purchase yesterday 

The market seems to be in free fall at the moment but why

I don't think it will tbh, but i just bought 500g of gold and typically it just drops even more ha, but i plan to hold long term anyway so i am not bothered it's just a bit frustrating 

Any small amounts I've purchased this year are now trading roughly at parity. So if it drops, it might be worth picking up a few fractions to DCA down

Im thinking along those lines.
Not bought any gold since last year (excluding miners).  

Surely if a company holds large amounts of gold or silver and the price keeps dropping, then they are not going to be selling their stuff if it starts impacting on their bottom line. Likewise, on here, anyone who has bought and held sovereigns, etc.  over a long period of time will be able to sell at cheaper prices and still do ok, however, if you bought recently, then unless you need the money, you’re going to hold on.

You should buy some more...

I will if it continues to drop and lands around £1200

Lesson learned?  

Well, of course I just bought a lot of gold and it’s dropped a further £10 per once since my purchase yesterday 

Well, of course I just bought a lot of gold and it’s dropped a further £10 per once since my purchase yesterday 

I think gold has found its new level around the 1450 price but for house long, last time I bought above 1300 it went down to over 1200 so who knows, just to let you all know, I am about to make a bigger purchase tomorrow so gold will most likely collapse after that ha 

I think gold has found its new level around the 1450 price but for house long, last time I bought above 1300 it went down to over 1200 so who knows, just to let you all know, I am about to make a bigger purchase tomorrow so gold will most likely collapse after that ha 

I think gold has found its new level around the 1450 price but for house long, last time I bought above 1300 it went down to over 1200 so who knows, just to let you all know, I am about to make a bigger purchase tomorrow so gold will most likely collapse after that ha 

Are you trying to say that you will eat a dozen used hoover bags if it drops back to £1300 even momentarily 😚

I don't think so. The geopolitical and macroeconomic conditions are different now. 
I can not see gold again under £1400. 
I think will go up again soon over £1500. 

I'm literally crying with laughter 🤣🤣🤣🤣🤣🤣

Premiums on Silver still bonkers high though. And sadly, silver is down 11.7% over past three months…

Why not just buy uta already hovering around that price, I’m looking to buy some 1Kg bars and more gold soon I think gold has further to go down

Harry dent stuff ha 

400 dollar Oz due any day now I here on the grapevine 

I'm looking at the best deal for a monster box of 2022 silver Britannia's and the prices from Sharps Pixley look to be about the best, followed by Chards and Tavex.  The issue is timing! I've taken the gamble that spot would drop to the £16.00 mark and had it in mind that as this is a clear support level I would buy when it got there. Now that it has, I'm hesitating! There are three factors that are causing this, so I thought I'd share them here to see what other members think: is my reasoning sensible or waaaaay off track? Here goes. . .
1. The Ukraine war. Spot price rose at the start of the conflict but failed to breach the Feb' 2021 high - let alone the Aug' 2021 high before that. As and when we hear talk of a settlement - hopefully soon (please god!) - I think that will have a negative impact on price as the threat of nuclear war recedes. Safe haven - risk on : risk off principle.
2. I expect that inflation and recession to get much worse, which will result in a worldwide downturn in economic activity, i.e. a falling demand for PMs - along with everything else. Falling demand will be reflected by a falling price.
3. Looking at the weekly spot chart below, we can see that price has flirted with the £16.00 level repeatedly over the past year or so, with relatively few bullish moves, so downward pressure appears (to me) to be dominant. 
Taking the three points together, I'm now thinking a move even further down is more likely than a full blown reversal that sees spot sky rocketing. I think that will happen eventually but, in the meantime, I'm inclined to sit tight and wait and see what happens. As I say, I'd be interested to hear your thoughts?!
 

https://www.bairdmint.com/products/100oz-silver-cast-bar
 
Might finally be able to get a bit of silver below £20