SidS

Wrong side of the Pennines, he were over thur. 😁

You are funny ... You really are ...
Reported.

I heard someone say we'd never get above  

Also, unless I have missed it, we don't seem to talk much of the gold to silver ratio anymore?
With circa £1,900/oz looking like the new level for gold to only climb from, does this not mean that the once coveted 1:40 gold to silver ratio is a thing of the past?
If May acts like April, we'll be into £2,000/oz territory... Imagine explaining to yourself at Christmas 2023 that you'd pay £500 for a bullion Sovereign not long after Easter.

When I read that Fred Dibnah’s voice read it out in my head for some strange reason.

No, he got a written warning for wearing budgie smugglers on the forum. 😁

Anyway GOLD. Not doing a whole lot on open but we really don't want it to. If gold accelerated past $2471 then it would hit the 80% RSI and start setting off alarm bells that people should be selling. The current price is pretty much at the 70% RSI (Relative Strength Index) of $2380. A rating above 70 means a stock/commodity is overbought and might be in line for a correction. The higher the number goes, the more likely a correction becomes
So we chill at this price level comfortably above £1900/$2300 for a while until we consolidate our gains before the next leg up. There was a discussion about this a few pages back between @SovereignBishop and @SidS that covered most of it. As stackers and long-term holders we definitely want the price to go up but we don't want massive volatility, that doesn't suit us at all, high volatility suits traders and the ultra wealthy. Our ideal scenario is to be the turtle, slow but steadily accumulation in a sustainable fashion. Booms and busts make buying physical gold riskier as failure to time the market (timing the market is theoretically impossible) may lead to losses if you happen to be unlucky when making a large purchase.
We want things to be easy and for our decisions to buy gold, DCA or large purchases, to be straight forward. You buy, hold, number goes up, great, job done. We can see the recent volatility has had a negative effect on sales and premiums, depending on your POV. A slow, steady rise with steady premiums suits the dealers/sellers and the buyers
XAUUSD - Gold Forex Trader's Cheat Sheet - Barchart.com
Gold: Technical Analysis Chart | | XAUUSD | MarketScreener
You can use the cheat sheet linked above or if you prefer visual tools, a chart like the one linked to view the nominal price, RSI, Vol, Fibs, Bonnies, etc

I do understand your viewpoint, but if, like you, I was hoping for increased returns, I would hope that they would be gradual and sustained.
Massive price swings are not good. It's all very well having a pile of gold (or silver in my case) which you're well positioned on, but if the economy begins to collapse properly, it's not good news. Whilst you are weathered from the storm somewhat, a 1922-23 event as in Germany would be catastrophic for all of us. No good getting paid if that very afternoon your wages don't cover your living expenses. Then you have to use your gold, what's left when it's gone? Gold going to the moon isn't always a good thing. Gold tortoising is the best... Slow and steady.

I'm with you on this.

It's even better because the numbers you see, James32 is typing in on his terminal at the other end. 😁

It's even better because the numbers you see, James32 is typing in on his terminal at the other end. 😁

It's even better because the numbers you see, James32 is typing in on his terminal at the other end. 😁

I'm waiting for 1/64 sovereign.
A....a...a.... 🤧
Wait where did it go? 😁

It's even better because the numbers you see, James32 is typing in on his terminal at the other end. 😁

It's even better because the numbers you see, James32 is typing in on his terminal at the other end. 😁

Sovereign is someone standing on his feet, a ruler - even of one's fate
Fraction of a sovereign is...just not sovereign, is it?🧐

I'm waiting for 1/64 sovereign.
A....a...a.... 🤧
Wait where did it go? 😁

I do understand your viewpoint, but if, like you, I was hoping for increased returns, I would hope that they would be gradual and sustained.
Massive price swings are not good. It's all very well having a pile of gold (or silver in my case) which you're well positioned on, but if the economy begins to collapse properly, it's not good news. Whilst you are weathered from the storm somewhat, a 1922-23 event as in Germany would be catastrophic for all of us. No good getting paid if that very afternoon your wages don't cover your living expenses. Then you have to use your gold, what's left when it's gone? Gold going to the moon isn't always a good thing. Gold tortoising is the best... Slow and steady.

I do understand your viewpoint, but if, like you, I was hoping for increased returns, I would hope that they would be gradual and sustained.
Massive price swings are not good. It's all very well having a pile of gold (or silver in my case) which you're well positioned on, but if the economy begins to collapse properly, it's not good news. Whilst you are weathered from the storm somewhat, a 1922-23 event as in Germany would be catastrophic for all of us. No good getting paid if that very afternoon your wages don't cover your living expenses. Then you have to use your gold, what's left when it's gone? Gold going to the moon isn't always a good thing. Gold tortoising is the best... Slow and steady.

I'm a numismatist, I collect coins. I'm not bothered about them going up in value every year. I simply enjoy them for what they are. Many of my coins have premiums in excess of the bullion value. When bullion does make big moves though it makes it harder to purchase dates/types that I'm still after as they tend to rise in value as well.

I do understand your viewpoint, but if, like you, I was hoping for increased returns, I would hope that they would be gradual and sustained.
Massive price swings are not good. It's all very well having a pile of gold (or silver in my case) which you're well positioned on, but if the economy begins to collapse properly, it's not good news. Whilst you are weathered from the storm somewhat, a 1922-23 event as in Germany would be catastrophic for all of us. No good getting paid if that very afternoon your wages don't cover your living expenses. Then you have to use your gold, what's left when it's gone? Gold going to the moon isn't always a good thing. Gold tortoising is the best... Slow and steady.

@bobski never checks it. 

I do understand your viewpoint, but if, like you, I was hoping for increased returns, I would hope that they would be gradual and sustained.
Massive price swings are not good. It's all very well having a pile of gold (or silver in my case) which you're well positioned on, but if the economy begins to collapse properly, it's not good news. Whilst you are weathered from the storm somewhat, a 1922-23 event as in Germany would be catastrophic for all of us. No good getting paid if that very afternoon your wages don't cover your living expenses. Then you have to use your gold, what's left when it's gone? Gold going to the moon isn't always a good thing. Gold tortoising is the best... Slow and steady.

I do understand your viewpoint, but if, like you, I was hoping for increased returns, I would hope that they would be gradual and sustained.
Massive price swings are not good. It's all very well having a pile of gold (or silver in my case) which you're well positioned on, but if the economy begins to collapse properly, it's not good news. Whilst you are weathered from the storm somewhat, a 1922-23 event as in Germany would be catastrophic for all of us. No good getting paid if that very afternoon your wages don't cover your living expenses. Then you have to use your gold, what's left when it's gone? Gold going to the moon isn't always a good thing. Gold tortoising is the best... Slow and steady.

I do understand your viewpoint, but if, like you, I was hoping for increased returns, I would hope that they would be gradual and sustained.
Massive price swings are not good. It's all very well having a pile of gold (or silver in my case) which you're well positioned on, but if the economy begins to collapse properly, it's not good news. Whilst you are weathered from the storm somewhat, a 1922-23 event as in Germany would be catastrophic for all of us. No good getting paid if that very afternoon your wages don't cover your living expenses. Then you have to use your gold, what's left when it's gone? Gold going to the moon isn't always a good thing. Gold tortoising is the best... Slow and steady.