Cityman1

£1660 by the end of the day ! 
To da'mooooooooooooonn!! 

UBS’s bid is 0.26 per share, where as CS is trading at 2.0 ish.  An 87percent discount to the last traded price on Friday evening.
What does this tell us?
- UBS think CS are in a bigger mess than the market knows
- If a deal doesn’t go through ahead of market opening, trading could be pretty volatile….money to be make here trading but you need nuts the size of basket balls to trade CS over the next few days.
What will this do to Gold in GBP?  Open in 7.5 hours will give some direction I guess. 
 
My guess is gold hitting GBP1645

You’re thinking about it all wrong. With a devaluing fiat currency there is no point converting gold into pounds at any price. “At what point would you exchange your gold for real assets?” should be your question here.
For example at the current conversion ratio you could swap about 100 oz of gold for a small two bedroom house. That’s a lot of gold for only a small house. As asset prices drop and gold prices go up that ratio will improve considerably. At it’s peak we are likely to reach a point where we will be able to swap just 10 oz of gold (or less!) for a small two bedroom house. This means that at the current price gold is still a long way off its peak ‘real world asset’ to gold ratio value.
The gold price to fiat currency ratio is irrelevant. The gold price in real asset terms is all that matters. How much ‘real stuff’ can I buy with gold. When I think we’ve reached the peak gold to asset exchange ratio that is when I will sell my gold and not before. Wait until that ratio peaks then temporally exchange your gold into a currency and use that currency to buy the real assets that you want at a massive discount.
This global currency collapse is a once in a lifetime opportunity. Don’t waste it be selling your gold early before everything has crashed.

In simple terms mate, if you can still afford to buy gold then keep on buying it, even over a short period of time it really makes no difference what you paid for it, I saw loads belly aching when it hit £1000 per oz and they said they would wait until it went back down, we are now at £1,600 looking at longer term projections even £1,600 will look cheap in the coming years. 
 
 

Here's my honest view, buy whatever the spot price says "within a reasonable premium" it will average out long-term, this has to be a long term view as you know.
Reason? If I believe gold will break £2k GBP within 5 years, then why wouldn't I buy at £1600+ ? We can't have our cake and eat it. We can't wish gold up from the sidelines, so to speak!

There it is folks.
£1,634.77 - weekend close
£1,636.38 - new ATH

Na, I'm just gonna eat the vegans.  

£1617 smashed through ............ADD TO BASKET .................ADD TO BASKET .........................ADD TO BASKET 

@James32 used to buy a sovereign a month day soon itll be one every 6 months other day 

£1,600 breached! Pic for posterity 

Counseling? No way.
If we break £1600 I'm ordering champagne, coke and strippers and inviting everyone to a party at Wonga's house.
 

Three years ago, 'covid' entered our lives and I wasn't too bothered, i'd been through other scares and had the same attitude as you...bring it on!
The trouble was, the virus wasn't the problem, I had no bother fighting that, the problem was the government and their reaction to it.
A thread was dedicated to it by @augur and later revived by  @sixgun
'Coronavirus (SARS-CoV-2) information; no need to be panicked by the virus – but be by your police state! (Part 2)'
Would you consider the crash, or the government's response to the crash, the real issue here?
😊

im afraid of your hoover  

We need trump to do some tweeting to get us through £1600 and on the way the £2000oz +

China just brokered a peace deal with iran and saudi. 

Silver's conductivity and corrosion resistance make it necessary for conductors and electrodes; nearly every electrical connection in an EV uses silver and, in total, the auto sector uses 55 million ounces of it annually.
This is for 2021

Make that three... been skint ever since 😆

Well done @BackyardBullion

@James32 bought it by accident, to fend off potential competition 

I'm sure there's been more than a few dips there too.

I am not giving up yet, I am sure there will be another one soon😎

James selling would be a paradox which would probably implode the universe.
Should we survive this, then gold would plummet in price. So the question is James, when are you selling? 😁

Me buying the week before!!

@James32

Good afternoon,
Erin here. I've been a member for about a week and have managed to make a few transactions already, thanks to the knowledgeable people of this forum.
I'm a silver stacker and like them nice and round, so coins is what I'm after.
I hope we can get along well; thank you for having me here.