GoldenGriffin

Pass me the sick bag, we're going back up on the roller coaster ride again!! 🤣

You can choose which way round, I normally say 'Queen face down' but I think you're right, I like it the way it is. Really nice coin.

Absolutely stunning coins. They're definitely for keeping!! 😍

I'd have a guess with £1,752.33. I think the speed of it's trajectory will increase approaching 2030 or there abouts.

That could very well be the next reserve currency!

Beauty is in the eye of the beholder.... It's a beautiful coin and I'd pay £670 all day long for that. Some coins I wouldn't though.

Good question! I would say, if fiat currency is in circulation, it's worth 'something'. If fiat currency is not in circulation, it can still be worth 'something', but what it buys you is less over time, but never absolute zero, surely! It probably depends on what it is, what it stands for, condition, history etc. It could be worth 'something' to a collector or for sentimental reasons. Collectors grade old fiat currency notes. I really like the designs on some of the old notes... Like this one!!! I'd pay 'something' for one in good condition!

Well... a question that is on most minds on here. It could surprise us and go back up again? It's an intriguing roller coaster ride is this!! I just hope I don't get off where I got on!! 🤣 My aim is to stay on the ride as much as possible without reaching for the sick bag!! 😫 🤣

Thanks @Centauri167 If the suppression of the gold price was to unravel more so than ever before, it'll be after all the gold has been mined (that is financially viable to mine). I just hope I can 'dodge' as much 'unwanted' inflation as possible during the next 10 to 30 years, but I'm sure that will be really hard, and in some cases totally impossible. The small increments of inflation that I welcome is, gold inflating and steadily going up!!

Very nice!! I like that alot! 😁

If gold did go to $100,000 an oz, I'd have to find $25,000 for 1/4 oz, $10,000 for 1/10 oz, or $2,500 for 1/40 oz. Still possible to buy, but for the majority, it would be very little and for the very few, it would be on par with the amount the majority of us are used to buying today. If I was to guess, my 'conservative' guess, is that it would reach anywhere between $15,000 and $25,000 from 10 to 30 years from now. But, who knows!!

If gold has the potential to increase 100 times, but actually goes up 20 times in a lifetime, who would pass their gold down to the next generation, so they could see their wealth increase 20 times or so in their lifetime? Or would you just sell it?

Will gold go up to $100,000 per troy oz, or equivalent in value to what you can buy today for that amount? Absolutely, yes!! But probably not in my lifetime. In my lifetime I strongly believe it'll be much, much higher than where it is now. What has gone up the most over the average lifetime of say, 80 or 90 years? For example, the value of houses - what was the biggest gain from 80/90 years ago to now? Could you buy a house for £1,000 90 years ago and it is now worth over 100 times more today?? Anything else that has gone up higher to gage what is possible??? The potential for gold to go much higher is so strong... What's the total global debt, including shadow banking debt (non conventional banking debt) and the total gold mined, used in society or sat in vaults etc. How much does gold have to revalue, to wipe away all that global debt? I'd say $100,000 is there or thereabouts. When will that global debt start to be wiped away, over what time frame / how quickly? When will all the gold be mined, that can be feasibly mined? 2030's? Could that be when gold starts to really 'shine' and reflect more towards its true value? My 2 cents / pennies worth.

I have the same sentiment. I think that gold has been and still is suppressed (to a dregree), but there are times when that suppression (or at least some of that suppression) has to unravel and it won't go back down to where you think it might - I think that time could be now. When gold started to rally upto ATH's just before the start of the pandemic, I thought it would come back down again and it did, but it didn't settle back down as low as I thought it would. The tragedy that is happening now, together with the pandemic, we're going to see new, higher lows, so I'm psychologically preparing for that.

On the video it shows the population in Russia as 145 million compared to other countries in the east and west. Could it be that the World Gold Council is there to oversee how much gold each eligible country should own based on their population? Some countries, like China have over 1 billion population and have a high proportion of gold. Russia has significantly increased their gold holdings since 2014. Do they need to increase their population, so they can hold onto what gold they already have? Have world policies changed with regards to how much gold countries can hold? I read the other week that the UK imported gold from Russia - has this stopped? Possibly so. Can Russia use their oil to gain control of their agenda? Possibly so. Thanks for sharing @Paul

The smallest coin minted (that I know of) in my collection is the 1 gram panda, which is incredibly small and difficult to see the design. I have 1/10th oz gold proof Britannia's as part of the 3 coin set and at the time, I thought, why bother, but now I've come to accept them and like them (they grow on you), but I personally wouldn't want anything smaller (with exception to the 1 x 1g panda), but I may have to buy smaller if gold becomes too expensive.

Thanks @modofantasmafor USD and GBP ATH's! 👍

I tried to laugh @James32 on the emotions, but I'm the same!! 😅😅

Cheers, I'll add that site to my favourites!!

Cheers!! 👍 And thanks @Ukbullionfan😁

I had £1,560 or there abouts in my head. I searched online and it's in USD. Where did you source £1,574 for my reference please?

Is the sudden increase in value stealing some of gold's thunder? I think someone said in the "gold thread" that it would be interesting to keep an eye on other markets in relation to the gold price. That's very interesting.

Or if we have any more turmoil in the world, 1/100 oz gold flecks!! I'd still buy. 😅

I just hope we manage to buy what we want when bigger players start to take note. Maybe RM will increase their mintages for collectable coins if demand picks up? If it does settle above an ATH, part of me will be sad, as it'll cost me more money, but another part of me will be reassured that I'm buying something that I truly believe in and that will push me through when I'm entering my credit card details, paying £1,000's more for a gold coin!! 🤣

I'm going to say yes. I believe gold has always been suppressed, but it reaches a new level, only when it has to!! And I think that time is imminent. If so, the new level I think it will go to is £1,700, and if higher £2,000. Wow. I'd still buy at that price, crazy, but I would. If it hits £2,000 then a new 1oz proof gold coin from RM will be about £3,800 each....ouch!! Then watch the bigger players take note and take interest!!