StackerBritt

fixed that for you mate😄

Hope the gold price goes up for the year of 2024 for all stackers and collectors enjoy the roller coaster. Wishing you all a Happy new year especially to
@James32 @katyc @Gruff @GoldDiggerDave @stefffana 《my bert 
@Lyrinn @Darr3nG @Silverlocks @ChrisSilver @ZRPMs  @Charliemouse @MickBand all members of NBS even though I've retired.
Shout out to mr @LawrenceChard also.
@BackyardBullion and the other forum sponsors.
And especially to all the other forum members and contributors who also make it the best metals forum in the world.
Happy new year and look after yourselves your families health, kindness  mental health, show love and prosperity. Wishing you all the best for 2024
PS Wen moon
Best HB 
 

Space-ship.... duh!!!!! 😉

Space-ship.... duh!!!!! 😉

Gold and silver are very heavy.  Careful if you go on a boat, lots of unlucky accidents happen around here.

Space-ship.... duh!!!!! 😉

Space-ship.... duh!!!!! 😉

Gold and silver are very heavy.  Careful if you go on a boat, lots of unlucky accidents happen around here.

Space-ship.... duh!!!!! 😉

Space-ship.... duh!!!!! 😉

Space-ship.... duh!!!!! 😉

Space-ship.... duh!!!!! 😉

Don't think he'll be taking a boat to the moon 😂 

I'm in tears writing this, feel like pure sh*t just want 10p freddo back.

What if you have mortgage eyes. one fixed and one variable.
 
 

Said monster has made an enemy for life!

Ive just finished watching this after it popped up in my YouTube suggestions about "Black Wednesday" and the collapse of £ sterling out of the ERM 
I cant recall seeing viewing it before on my internet travels before.  Quite well put together as made by the BBC and explains what happened well.
Listen to the terms of billion being used as huge numbers, compared to the trillions thrown around today 
Whilst I knew these events, I was in my late teens when it happened.  Thought id share it up here, sorry not 100% gold related but seems to be the thread with most traffic going on here today 
Enjoy  
 

All I know is I need to go back 3 weeks ago

So we've gone from speculation about gold price to speculation about what time it is. 😆

( Photographer Credit : (c) @James32 / Getty "Emerald-Isle" Images) © 2016 BLOOMBERG incorporated as "No forum Bargains" PLC

Or a dab of super glue and two full sov for £770 makes a lovely piedfort 😆

“More than 50% of the $2.9 trillion in commercial mortgages will need to be renegotiated in the next 24 months when new lending rates are likely to be up by 350 to 450 basis points”
So many commercial mortgages will easily double (or more) in repayment costs. A huge percentage of Commercial properties are still empty due to the adaptions of hybrid working during Covid. So the building valuations will have crashed (commercial valuations are based on their rentable value). So even if a landlords could afford the huge hikes in repayments (unlikely for many), then most banks will refuse to continue the loan based on the LTV now being off. This means masses of repossessions. Those landlords that can continue their loan and can afford repayments will have no choice but to hike the rent, causing small businesses to fail (who can't afford their rent - especially since non essential sales are plummeting). That means even more empty Commercial properties, hence further collapse in valuations and so on.
In America the banks are selling off tonnes of Commercial properties right now (literally dumping them for huge losses) because they see what's coming. Let's not forget there's been more gold buying in the last year for banks in around 50 years. I'm predicting more bank failures - probably this month (but don't hold me to that or I'll become the new Wonga of the forum!) 
This is huge. The 2008 Financial Crisis looks like a mouse compared to this.... (in my opinion). It will probably damage residential property value too (hopefully not as much). I see rental demand for residential property to be on the up because many homeowners will lose their houses due to unaffordable mortgage hikes (thus causing home values to plummet). However there will also be more tenant rent payment defaults due to job losses - of which the courts won't be able to handle. Terrifying times ahead.
Car industry is crashing too (I still can't believe how many didn't - and still don't - see how that bubble was bound to explode).
The above is based on USA's current situation, but likely most other countries will have the same issue. At the end of the day, USA is (currently) the reserve currency - so what happens there is more important for gold (and silver).
All this is my long winded way of saying.... Gold is going to da moon!  Although I wouldn't be surprised if gold does plummet down first quite a bit more - as there is a liquidity crisis (which happens before every major collapse). However if lots of banks collapse tomorrow then that stage may be skipped completely and it could just go up and up. Impossible to say. But that doesn't bother me, we just need to be patient. The future is not bright for the global economy, but it certainly is for gold.