Maxx546

As long as you view it as a longterm hedge, then you will do OK. Things could simmer for years or they could change rapidly like the past two months have shown. 

How about a time travelling queen Victoria. https://www.ebay.co.uk/itm/156132147814

I hope you're not under false understanding the main stream press are there to present news 

Who honestly genuinely believes now, that voting actually makes meaningful difference? And your vote counts? 
How many different generations of  coloured tied mouth pieces does it take for the penny to drop?  before we realise we don't have elected representatives, we have selected representatives for vested interest special interests globalist groups ?
We have to now pay our tax online, renew our passport online, renew our driving licence online, do any tax.credits or benefits online
Yet we can't vote online on issues of our country, legislation or local areas micro issue
 
" It's a big club and we ain't in it " George Carlin 

Yep yep. The USA crushed the British Empire as the British were the only force on earth who could challenge them (War Plan Red, etc). How the Americans today probably wish the Royal Navy was still slapping the Chinese about and scaring the Russians witless like in the good old days
100% on the debt but hey one thing that never gets enough attention is that WWII was the "solution" to the Great Depression. If we find ourselves in that situation again where Europe and the USA are in economic freefall with no light at the end of the tunnel ... guess what's gonna happen? 

I'm not sure the West is as free as you think it is, Julian Assange and Edward Snowden are testament to our so-called freedoms.
Oh! and be careful not to misgender someone next time you're in Scotland.

I don't disagree with much of what you say but I think its far more likely the West collapses first.

If my maths is correct then 2p has 4.75p of copper in it.
So £1 face value of 2 pences is worth £2.37.
An old £1=240 pence would have copper worth £15.52.
My old Grandfather always said decimalisation was a con.

The first two weeks of March we saw a huge uptick in selling, and buying slowed down a lot. As the month has continued the selling has slowed down a bit, as most people that wanted to sell at £1,700 have now done so, and anyone else is still holding on, but a few people are still trickling in. Buying has picked up in the last two weeks as those who hoped for a dip back down have continued to see it rise.
We've also seen quite an uptick in people buying silver. Not massive purchases, people picking up 10 - 15oz here and there, but in much bigger numbers than previous months.

There wont be no rate cuts and they have no credible data

Why the recent spike in the price of gold? Because the EU have declared that its OK to repurpose central banks money/assets (redirect Russian central banks money/assets) elsewhere. A major central bank doing that wont go down very well with other central banks. Euro's dropped 4 or 5%, those puling out of/reducing Euro's have to redeploy that capital elsewhere, of which some in gold is a reasonable/sound choice. 

A superior lambo will do me

The interesting thing about the way this is described, is that the 8-1 voting ratio is 8 for no change and 1 for a cut.  But.... the 6-3 split as it's described last month, would better be represented as 2-6-1.   That's because it actually represented  2 votes for a rise!!! 6 for unchanged and 1 for a cut.  Calling it 6-3 made it sound to the casual observer like we were much closer to a cut, when in fact they hadn't even become properly neutral yet.
Sneaky messaging really.  It was all about delaying any cuts for as long as possible and hoping that expectation can hold things together for as long as possible.  The cuts will come in advance of the General Election.  The ruling elites wish to appear that they are good at this economy thing... so it will be given the shot in the arm about 4-5 months before the GE to try to boost things a bit and add a thin veneer of competency to the incumbent crooks.
 

Recently I was deleting some old photos from my phone to free up space and I found this from 2018.
Its a screenshot from Hattons website 25/6/2018.
I’ll leave this here to show how far gold has gone since then.
Anyone want a ‘best value sovereign’ for £233.07?’ 😬
 

Sir Queer Starmer might not know what a woman is but he does know how to sell out the UK to Brussels. The top priority for Sir Queer is to get the UK back into the EU, who will welcome us back with open arms. It's exceedingly difficult for that to happen as the UK has signed mutually exclusive trade deals with other nations, but it's not impossible. Markets would react very favourably to the UK re-joining the EU and if that were to happen, the GBP-USD rate could revert to what it was before Brexit (1.4+). There's also a narrative that if Trump gets into power and the Fed aggressively cuts rates, that the USD will drop faster than GBP even with a Labour government
All sounds like a good excuse to buy more precious metals regardless of how it shakes out

Well who knows, historic things happened last time Trump was involved. The Fed and wider Fed banking system heavily favour the Democrats, with the possible exception of Powell himself. Last time Trump ran for POTUS and lost to Biden, the big tech and finance CEOs openly boasted about manipulating the election in favour of Biden - they de-platformed Trump and ran a propaganda campaign for the Democrats. It was the first time in the history of the United States that a VP (Kamala "The Cackling One" Harris) hadn't given a press conference prior to the election. Biden did very little public speaking too. Hmm, I wonder why? 
When Trump succeeded Obama it was after the longest period of dovish Fed policy in living memory. When Trump got into the Oval Office the Fed immediately reversed course and went hawkish. Another historical precedent was set when Trump called out the Fed on TV over their abrupt U-turn. This pressured the Fed into going back to money printing mode
I'll be surprised if the Fed doesn't cut rates at least twice before the election (quarter points) and it might be later than June. Powell and the Fed have tied their hands so if inflation is still above 2% and the labour market is tight, they can't cut in June without destroying their credibility (which they imagine is still in tact). Powell doesn't want to cut so he will resign first. 
The Fed will do everything they feasibly can to stop Trump getting into the Oval Office. There's no point in them trying to hide their bias after what they did last time and their subsequent actions under the Biden Administration. Everybody knows the state apparatus in the USA is targeting Trump for political reasons, highlighted by the fact Joe Biden hasn't been arrested yet and we don't hear about Hunter, Russia and China 24/7 the way we hear about Trump's court cases
Opinionated I know but I think it's corrupt as it gets. They don't want Trump because Trump will be anti-globalist and anti-war, hurting the prospects of America's richest CEOs who rely on China and overseas manufacturing for their operating margins (all of the FAANG+). There's the military-industrial complex who plainly want a perpetual war with Russia. There are hawks (neo-cons) who want to start a new war with Iran and who are itching to get involved with China. Trump's first move as POTUS will be to end the Russo-Ukraine war and he won't start any new wars. That is the opposite of Obama - the only person in history to win a Nobel Peace Prize and drop a bomb on another Nobel Peace Prize winner (Doctors Without Borders in 2009). It's the opposite of Biden too, under whose Administration the Ukraine war was provoked and allowed to develop, with overtures of peace declined (Boris Johnson acting on behalf of the MIC)
The big picture is about American billionaires making more billions and the American war machine making more wars. Trump is the enemy of both and there's no limit to what they will do to stop him. As Tucker Carlson asked Trump directly to his face, "Aren't you worried they will assassinate you?". Trump should be worried IMHO

Joe public's a right ****. Mind you, his brother Derek is even worse.

...but still not as gullible as today's Joe Public in the Western world.

This is the GOLD thread my friend. When you sell GOLD of the CGT-exempt variety, you don't have to declare anything to anybody, zero taxes are due. When you sell BTC to someone you are legally obliged to record that transaction and the P/L in your tax self-assessment, which you have to fill in every year. With GOLD if you are in the same room as me I can just chuck it at you and job done. If we are in the same room and you want to send me BTC you have to pay the gas fees and/or wait longer than the average RMSD delivery time
BTC isn't a currency and it's never been money. If you want MONEY then you buy GOLD and SILVER, everything else is credit or magic internet money
Key point: With BTC you must declare both yourself and your trading partner to HMRC every 12 months and pay CGT or income tax depending on the nature of the transactions. What an absolute nightmare. You rely on the network, on connectivity, that you don't make a mistake and send your coins to Mars or North Korea, and your privacy is totally invaded. 

On a serious note, congratulations everyone ( both big and small stackers ) it's great to see, irrespective of where it goes next. Justification that we are on the right road at least.

If folks are exiting and have been stacking for a decade or longer then sure they can liquidate now and make a good return. Depends on individual circumstance I guess. 
 
Still a long way to go and I reckon it will dip again soon. As far as purchasing it won’t bother me to purchase now or tomorrow. 
 
The only way is up - long term objectives! 

Gold's New High Signals Central Banks Fear Inflation:
https://www.zerohedge.com/markets/golds-new-high-signals-central-banks-fear-inflation

"And then there are rallies which are profoundly strong and of a high quality - bulls have high conviction and are entities not readily spooked into reversing their position. Quite possibly this might be one of those. I'll explain"- Ross Norman 


.."https://www.linkedin.com/pulse/ross-norman-gold-hits-all-time-high-stealth-rally-loses-ross-norman-fophc/?trackingId=0DlXNvmtT5ycoVFVvr8Bkg%3D%3D

Apparently the USA economy is strong. UK are doing great. The world is pretty much fine and dandy.
If that's true, why is gold going up? Do the people of Wall Street know something 🤔
Maybe they've become as wise as we are 😉

We've been aware of New York Community Bank in the doldrums since February, but look how much the share price dropped yesterday. Perhaps they're going under soon. Certainly will be bullish for gold.