SidS

Come on follow the TSF motto, get selling it now! 😁

Come on follow the TSF motto, get selling it now! 😁

Double reported, we won't have any of the s**tcoin here thank you. 😁

Double reported, we won't have any of the s**tcoin here thank you. 😁

When gold floors and stabilises, that's when you buy. It will go back up, hopefully more measured this time.

Double reported, we won't have any of the s**tcoin here thank you. 😁

Double reported, we won't have any of the s**tcoin here thank you. 😁

Double reported, we won't have any of the s**tcoin here thank you. 😁

1. If an airplane's black box is indestructible, why don't they make the whole plane out of it?
2. Why is there a 'D' in 'fridge' but not in 'refrigerator'?
3. If you try to fail, but succeed, which did you do?
4. If a tomato is a fruit, is ketchup a smoothie?
5. Why do we call them "apartments" if they're all stuck together?
6. Why do we say we 'slept like a baby' when babies wake up crying every few hours?
7. If one synchronized swimmer drowns, do the others have to follow?
8. If you had your arm amputated, would it still be there in spirit when someone asks you to "give them a hand"?
9. How can something be 'new and improved'? If it's new, what was improved? If it's improved, how is it new?

RM quality control working from home 

Mine came like that, straight out the box... 😁

Mine came like that, straight out the box... 😁

Its over folks. Time to swap all that worthless metal back into regulated fiat where banks will look after your money and keep you safe from conspiracy theorists telling you to gamble with gimmicks outside the official monetary system. If gold was so good, the BBC and government would be recommending it through their officially regulated media channels. The don't do so because they know better than we do about economics. We ran away from our parents, now it's time to run back and never leave their bosom again.

When gold floors and stabilises, that's when you buy. It will go back up, hopefully more measured this time.

When gold floors and stabilises, that's when you buy. It will go back up, hopefully more measured this time.

And you'll have more to be worth more if it goes back up after you bought.

And you'll have more to be worth more if it goes back up after you bought.

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.