SidS

1 hour ago, Sovhead said:

Now it's passed 1817, I suppose the gold price could be represented by sovereign photos for most prices. Not much you can do for 1933-1956 mind. 😁

Gosh. I went to bed it was £1870 and I wake up to £1903!

I'm looking forward to Titanic year... 1912 not far away.

2 minutes ago, James32 said:

Na you're just kinky through and through. 

Shush you're not suppose to tell everyone! 😁

2 hours ago, Agaupl said:

He’s getting mean in his old age someone said 🤣 

I read that as "he's getting mean in his sausage..." - dammit, I swear I'm dysleksik. 😉

46 minutes ago, bobski said:

It was definitely the inner workings of their dodgy algo waking up. The first thing it does is display how many leaves are in the nearest tree, then it gets back to business

Reminds me of My Cousin Vinny...

6 minutes ago, katyc said:

That's like predicting the lottery numbers after they've been announced!

It's getting like Play Your Cards Right on here, HIGHER... LOWER...

4 minutes ago, katyc said:

Awww...

9 minutes ago, Gruff said:

In the UK, I expect that Labour will go on a spending binge, fueled by deficit spending and then in 18 months time, look to jack up taxes all over the place, blaming Conservatives whilst doing so.

I wonder if the Tories still have that note that was left to them by Labour in 2010 that said, "we've spent all the money". Might as well leave it out on the desk for the incoming Labour chancellor.

FOMC - Fear of Metals Committee. 😁

26 minutes ago, bobski said:

Not me. I had to google 'FOMC' 😂

 

It's one of those things I've heard and seen before but can never remember what it stands for. I'm bad with acronyms generally anyhow.

I always seem to read it as FOC'M - hmm fok 'em indeed... Probably how they view the plebs.

That's when I'm not confusing it with FOMO.
 😁

1 hour ago, Dom said:

Why 1200? Quite a random number lol

100 Troy pounds exact.

Just now, theman73 said:

Yep, my knowledge of selling silver is limited...

 

 

I wasn't questioning your sales of silver. I was just refuting the statement that we had only small amounts of silver because we had sold it. I haven't sold an ounce, I'm still buying silver. I suppose I'll stop when I get to 1200 ounces... It's going to take a few years though.

17 minutes ago, theman73 said:

Because no one had any more silver, they all sold it and bought sovereigns. The ones who have silver, have it, but in small amounts.

Hahaha! 🤣

Little you know...

Silver's actually cheap.

12 hours ago, bluemoon said:

This comment on LinkedIn was interesting. Anyone done this? I assume you would need a way to get Russian rubles?

"If you hate buying gold at the top, change your money to Russian Rubles and buy your gold at 20% below the high point. It’s still early."

https://www.linkedin.com/feed/update/urn:li:activity:7183112077811552256?updateEntityUrn=urn%3Ali%3Afs_updateV2%3A(urn%3Ali%3Aactivity%3A7183112077811552256%2CFEED_DETAIL%2CEMPTY%2CDEFAULT%2Cfalse)

When I went to Russia in 2015, I ordered them through the Post Office. 😁

There wasn't a war on then though.

The small head shields are by far prettier of the two types.

Dammit, dammit, dammit!!! Go down you son of a *****. 😄

14 minutes ago, ArgentSmith said:

what's google?

It's like Altavista and Ask Jeeves, but more successful.

6 minutes ago, Bratnia said:

Canada stores many millions of tons of gold ... in the ground. Could dig it up and lock it away in a fortress, surrounded by guards etc. but decided that natural security was the easier/better choice.

I was referring to vaulted reserves... not gold ores.

1 hour ago, GoldDiggerDave said:

How many oz of gold can the average person buy per year now?   Take the nuclear family or close to it they may have a net income of 50-80k  if they are doing well......with all the outgoings  mortgage cars, credit cards, wife buying on amazon 16 times per week, kids hemorrhaging money I would not be surprised  that families outgoings  is 4-5k per month...........Doesn't really leave much for the stack.   

If people are like the above how much gold will you need to live, 2.5-3oz per month?    You are going to have to have the mother of all stacks if you think you can cash it in and live well for a good number of years.   gold rising is a poison chalice for the numpties who have not managed to work this scenario out as gold will always reflect inflation.

For myself, at an all out push with no other projects on the go and a bit of overtime, I could manage 2 sovereigns a month, maybe 3 absolute maximum. This is based on sovereigns being £400-£450 per coin.

So with an average of two per month, I'd be looking at 24 sovereigns over a year, which is just over 5 ounces a year. Not a lot then in the scheme of things. Better value held than fiat I suppose.

But I'd rather put that money into silver at this time... I feel it has further to go. I'm not sure how I feel about gold at this time. I totally agree that the overall trajectory is upwards, but that said, the price rises over the past month have been manic. It feels like 2010 all over again to me. It going to go up some more and then at some point over the next month, it's going to drop. It's got a bubble feeling for me.

1 hour ago, HonestMoneyGoldSilver said:

I worry gold will have a big Monday and catch another wave upwards. Adding 4.3% in a week and 8% in a month is unsustainable in the medium term in the absence of a major catalyst like rate cuts and war. Long term gold is still golden but I'd rather not be forced into overpaying this summer if it's not going to pump big in Oct-April 2024/25 and 25/26

Bubble territory. It does feel that way.

I don't know about Fort Knox, but I know most people have more gold than Canada.

10 hours ago, stefffana said:

To the box of shame with you!

Hey get outta here, there's not enough room for two of us. 😄

Just now, Xander said:

It's the same in Scotland. Sturgeon's Grandmother, Margaret Sturgeon, was English. 

I've found it to be the case many times over of someone with three English grandparents and one from elsewhere, to identify themselves as being 100% the other place other than England. There seems to be some English shame going on.

I've never understood it.