CaptCaveMan

Smackdown Friday as predicted.
Gold price consultations are available.
PM for pricing
Use code SF7June for 10% off your first session
😂😅

And that's a wrap, folks!
Come tomorrow for new episodes of JAMES WORLD.
Will James buy some gold and silver tomorrow?
Will he buy a new car or not?
Will he be grounded by his mum for staying up late on TSF forum?
Will he finally manage to guess the closing price for gold?
This and more exclusively on BBC!

Group order @Gruff?

Hey there!
It’s Honor from Tavex Bullion! I can confirm that @Gruff is not affiliated with Tavex 😉 @James32
But I also wanted to tell you about our recent competition that you might be interested in…
We are organising a giveaway of some of our best-selling gold and silver products this month, such as our 5g Valcambi Gold Bars and 1g Tavex Gold Bars. All you need to do is sign up on the form below, and you are entered!
If you fancy checking it out head to our Tavex page here.
Happy entering and good luck!
P.s @Gruff we are happy to give you a little discount... message us!

I'm working from home today so expect more than the average number of "booing" memes and "moon" comments today 

This is kind of me too, except for the 6 figure part, I'm still stuck way down in the 5 figures
I used to waste my money on all sorts of c**p until I started buying metals a few years ago. Buying physical is the ultimate savings account

Target reached on silver 
Still got another 28oz of gold to go..

Suspect there's a few in that category on here then @HerefordBullyun


... Sorry @James32 😆

Suspect there's a few in that category on here then @HerefordBullyun


... Sorry @James32 😆

I was watching a video the other day on how much in ozs of gold and silver do you need to own to be in the top 1% per person in the world.
Surprisingly is 500oz of silver by retirement 
And 40oz of gold by retirement.
Interesting I thought.

Amazing deal on this 2019 watch, its immaculate, with box and COA, watch supplied on a OEM rubber strap. Original bracelet can be added to the sale for a further £350 faint mark on clasp otherwise immaculate. Grab a bargain. Postage of choice/cost/risk or may be willing to meet face to face with established members.

Nice addition to the graded collection.

A. Join the queue.
B. Return to A 
C. Look at B.
D. Reported!

TL:DR - The global economy and major currencies are in a level of turmoil not seen since the 1930s (Great Depression). Rising geopolitical tensions and various canaries are the inevitable consequence of intractable economic problems. The media and general population are more acutely aware of these factors than at any time in the recent past. Both macro and technical analysis leads to an inevitable conclusion of a commodity super-cycle and boom of precious metals. All of this has come into focus in the past couple of weeks combined with the canaries chirping and a greater expectation of (premature) Fed rate cuts alongside increasing political pressure both in the UK and US to make those cuts.
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If gold breaks £1956 today at 4pm UK time then falls off a cliff and drops £55-70 before weekly close, we should all be very suspicious!
There are numerous reasons why gold is going up from macro to technical, we're still well short of the nominal ATH never mind inflation-adjusted ATH (>$5000)
If you're asking why specifically this week and today, well, many reasons. Let's start with a simple one - the general pattern is to buy on Thurs-Fri to protect yourself over the weekend when markets are closed. Check the gold charts from April 11th-19th. Nobody wants to be in the situation where they need gold but can't buy it. Selling often resumes on Monday as traders transition to more risky assets to seek returns during the week before fleeing to safety again at the weekend
No single factor like war or regulatory changes in China but a trifecta of recession fears, global macros and central bank actions:
1) Just about every major company is laying off staff, slashing prices, divesting commercial real estate, including crucially the Magnificent 7 (Tesla, etc) and other mega-cap firms like McDonald's, Walmart, Tesco, etc. All reporting a slowdown in sales. We have Buffett recently selling billions of Apple shares, the richest men in the world and the CEOs of major firms cashing out stock like they're expecting an apocalypse. There are a number of indicators that the market has peaked and now is the best time to sell risk-on assets. You have to do something with your money and your choices are between Treasuries (US) and Gilts (UK), Yen, Swiss Francs and precious metals. IDK why people still consider Yen a safe haven when her destruction is being orchestrated. Historically gold (and silver) outperform all of the aforementioned. If we were to retake the 2024 ATH in gold that would yield better returns in a short period of time (this week perhaps) than the annual return on government securities
2) Various global macro factors - global recession, anaemic growth even in EMDE (Emerging Markets, Developing Economies), banking fears, bankruptcies and delinquencies amongst both commercial and retail customers. A decline in hiring/increase in lay-offs along with divestment of commercial real estate will crank up the pressure on the banks exposed to these sectors - mostly low and mid-cap banks in the US and Europe. A few banking wobbles is always positive for risk-off assets with precious metals being the premiere choice, gold being the benchmark
3) Fed rate cuts/US election/civil war in the USA. The expectation for rate cuts has shifted from November to September. That may not sound like much but it's not so long ago that November (68%) was seen as optimistic if you were yearning for cuts, now the CME figures are September (68%) and November (80%) for odds of easing. Some people worry about Trump but this is mostly media hype and lefty jealousy/vengeance. The figures even from CNN watchers show the American public have more faith in Trump when it comes to the economy than Biden. The Biden - Obama - Clinton Administration is the worst thing that's happened to the planet in decades. 
CME FedWatch Tool - CME Group
Here are some charts that give context to the global slowdown, recession and war (or black swan/major geopolitical event) fears:
1) Consumers are tapped out. This is an horrific graph for the consumer and corporations that rely on robust consumer spending like the Magnificent 7. The canaries are going bananas about these two graphs, toxic fumes accumulating:
 

 
 

 
2) Concentration of largest stock vs 75th Percentile compared with the Great Depression (major canary):

 
3) Banking fears across the globe including the US and China:

 
If we remove the BTFP (Bank Term Funding Program) then small banks have insufficient reserves to meet regulatory requirements/stress tests:
 

 
Commercial debt is fast approaching shitshow status posting the worst figures since 9/11:
 

 
4) Anaemic global growth, worst for 30 years:
 

 

 
5) The largest market in the world (Chinese real estate ~ $50 trillion vs USA's ~ $30 trillion) is in freefall. A 2008 event is happening in slow-motion in China and has been unfolding for several years now (Evergrande, etc):
 

 
6) Prolonged and significant yield curve inversions - The yield curve has been inverted for +500 days. This has only happened 3 times since 1920; • 1929 • 1974 • 2009. Each time markets declined MORE than 50%. Massive canary:
 

 
7) Black Swans/major geopolitical events are often predicted by the charts above and reflected by the chart below. We're currently running well above 100. Basically when the economy is toast and all other options have been explored, the final solution (excuse the pun) is war. The Great Depression of the 1930s, which some indicators today are mirroring, was "solved" by WWII, it did not resolve itself via regular economic forces:
 

 
CONCLUSION:
The why this week and why today is essentially the sheer volume of different canaries all chirping at the same time combined with the media recognition of such. It's getting harder and harder to hide the fact the global economic system is in turmoil. The primary cause of all of the problems is the borderline insane fiscal and monetary policies being pursued by the USA, Europe, China and Japan. They have destroyed the major currencies by emptying the tank to delay the inevitable major recession and market corrections for shot-term political gains.
The last of their stimulus lost its effectiveness when inflation in the west started to go crazy. There are no more tools in the box to stop the collapse of major currencies except for keeping rates high and allowing a controlled recession to re-balance the unjustified growth and liquidity we experienced since 2008 but more acutely, since covid.
Nobody wants to be left holding the bag if and when the major currencies tumble (like the Yen in Japan) and when the stock market bubble pops. The concept of de-dollarization is global and it refers to the collapse of ALL sovereign currencies with the USA being the LAST domino to fall. We've witnessed this by gold taking ATHs in other major and minor currencies before the ATH is mirrored by the USD. When the music stops the only seats you want to be sitting on are defensive stocks (farming, healthcare, consumer staples, utilities, weapons) and PRECIOUS METALS/commodities.
We have entered a commodity super-cycle that is set to last for a decade or more. This is just the beginning of the ascension of hard currency which will mirror the collapse of fiat and digital currencies which have arbitrary and manipulated valuations. Gold and silver sniff out the BS and provide a stable metric of spending power and wealth. It doesn't matter what a nice suit and pair of shoes costs in USD or BTC terms, we know a smart business outfit + accessories for a man costs an ounce of gold, just as it has done for centuries and millennia, since the time of the Romans
The recent price action in metals is merely a reflection of the chickens (canaries) coming home to roost and people/markets opening their eyes to these realities
 

I think the spat between the US and Israel is also playing on prices...

I think the spat between the US and Israel is also playing on prices...

I think the spat between the US and Israel is also playing on prices...

I think the spat between the US and Israel is also playing on prices...

Cheaper than TRM 😆

Cheaper than TRM 😆

Oooooooohhhhh golds taken it's morning Viagra I see 
Now, let me remember how it goes again...... ? 🤔 😕 
To da'mooooooooooooon 🚀 🚀 🚀!!! 

Hell to the the mother flippin yeah!

January 1933 US compulsory purchased all American's investment gold, shortly thereafter ramped the price up by 70% or suchlike. UK in 1966, to stop the decline in the pound, the UK government banned citizens from owning more than four gold or silver coins and blocked the private import of gold. The ban was only lifted in 1979. The ban was an attempt to restrict the amount of money leaving the country, as gold was seen as a stable store of value. However, this policy had the opposite effect, and it caused the value of the pound to plummet. https://goldconsul.com/ban-on-gold-in-history/ In 1968 Roy Jenkings (then Labour) had the bright idea of increasing top rate tax to 130% (retrospective tax) - money (David Bowie, Rolling Stones ...etc.) flighted the country. The 1960's were the years when the Beatles released 'Taxman' "19 for you 1 for me" in reflection of their 95% taxation rate.
Policy seems to have changed however. Issue inflation bonds and if inflation rages they can revise the taxation rate, as good as partial defaults without having to declare a actual default. Similar for other things, when you can direct money printing, taxation and define inflation rates there's no need for direct confiscations instead you can grab peoples money in a more progressive/gradual manner to similar overall effect.
Basically diversify gold holdings across multiple forms, coins, BullionVault ...etc. If you can then if necessary rather than attempting to smuggle gold to safer pastures (overseas) instead liquidate, electronic transfer the sale proceeds and repurchase at the target location. Being in hand ownership is also more opaque, not mine, I gifted it years ago and here's the paperwork for that.

Welcome aboard!