WDeranged

Lower than I expected, it seems a lot of people had high hopes for WW3

Not impossible, probably quite likely.
Personally I'd like to see a few months consolidation in the £1900-£1920 zone.

Well, gold went up £50 and everyone was excited and now it’s back down and everyone’s depressed. 

Today high £1,863.22

Love this place..
Gold goes up...yayyyy
Gold goes down..yayyy
Nuclear war....yep, yayyy

It's not about gold making us rich, but rather wealth preservation against the inflated away FIAT currency. Plenty prime examples out there scattered throughout history and also in very recent times.
Weimar republic
Zimbabwe
and more recently:
Turkey
Argentina 
Venzuela

All have had steep inflation curves (read that as currency debasement curves) 

No just watching it rise 😅

£1704 as I type.
Whist the fat lady has not yet sung, it’s been a good week for Gold. 
- 5 days with no mysterious slam down
- Price increment has survived todays US employment number release (see the temp spike earlier)
- Ditto for 2 days of Powell pronouncements in the US
My guess is that we will see further highs next week.  There seems to be “momentum”. 

The key question is what is driving the upward momentum.  Lots of “experts” are keen to opine, but I suspect multiple factors are at play.  Are people looking for safety?  If so what has gold sniffed out?
Hope you are enjoying the action as much as me.

Lads r we going out or what 

I wouldn't bother. If you've locked your price by the time they arrive they'll be worth about eighty thousand percent more than whatever Chards have got available now. Probably a bit of coronation silver or some old shillings. You might get the widow Twanky version of Victoria if you're lucky with a very unlucky premium or a Mr Men teacup. Leave the brick-a-brack and wait for your prize. Practice mindful breathing ... in ... and out and in .... and out Daniel-son 

Some crazy price fluctuations this week but currently I'm happy to still buy at this rate. Good thing it has ended below 1600 this weekend for me to add a few more bits to the basket. Happy coronation weekend everyone! 😀
 

I'd say all of the UK's current issues can be laid at the doorstep of three eras.
1) The Atlee government came to power after WWII. The country was broken and close to bankruptcy (but then so was Germany - who took a different path to us).
A bold vision was taken by the new Labour Government - wholesale nationalisation. Their ideals were genuine and sincere, to improve the lot of the working classes (and everyone else too - trickle up if you like). The NHS etc. 
But as good as it might have started out, it had an unintended consequence.
The complete nationalisation of all those industries left them in a position where they could rely on Government funding and assistance to survive rather that having to innovate and stay competitive.
Megoliths like British Leyland became zombie companies relying on state aid.
The other consequence was that bringing politicians into running companies brought in opportunities for them to either make a mint on the side or call in the bean counters and cut, cut, cut. See Dr Beeching, Ernest Marples or the fact that Harold Macmillan became known as Mack the knife.
2) The 1970s saw loss after loss, so then came Thatcher in the 1980s and decided to sell off all our industries and utilities to foreign investors. It was cheaper, quicker and easier to cut the dead wood and just buy it from abroad. Rather than actually identify areas for growth, support and invest in those and build new industries.
Unfortunately, closing down or selling off all these companies, also meant that we became a service sector economy - a nation of bankers, shopkeepers and middlemen - buy from abroad, whack on a profit and sell on. You can't run an economy long term like that. Any issues in the country you're buying from and you are directly affected with little control to stop it. See Germany's current problems with buying all their gas from Russia.
3) 2007-2008 saw the banking crisis and the creation of quantitative easing and vast currency creation. Turning the UK into a zombie economy.
The other day on the TV there was a politician saying, "we need to make credit easier for people to get, so they can pay the bills". Now if you can't see what's wrong with that, then there's no hope really is there?
So everything these days is based on debt and obtaining credit - so no real growth or assets then? No actual wealth creation?
This is before we get to uncontrolled immigration and housing/NHS pressures (another unintended consequence of the Atlee government making the welfare state and NHS so appealing).
I don't really see any answers to these problems and the politicians are the greatest instrument in all of this.