Paul

@Petra I notice you use the whale emoji a lot and wondered why.
Is this the reason why you use it in the gold price thread? 😆
 

Trolly for myself, god knows what it costs those with a brood of crotch goblins 👺 

Is that Wongers dog 🐶 🐕? 
( Asking for a friend) 

Trolly for myself, god knows what it costs those with a brood of crotch goblins 👺 

Is silver still £50 oz like it was promised to be in 2011
( asking for a friend)

Is that Wongers dog 🐶 🐕? 
( Asking for a friend) 

Is that Wongers dog 🐶 🐕? 
( Asking for a friend) 

Is that Wongers dog 🐶 🐕? 
( Asking for a friend) 

Are we there yet 😂

Jocasta's and Felicity's pony simply can't abide Aldi value straw, the butler told me 

Jocasta's and Felicity's pony simply can't abide Aldi value straw, the butler told me 

Speaking as an old bitter and twisted stacker, even when silver went sub £10 the price of an actual physical 1oz delivered isnt much less than today,it hasn't  deviated too much at all to be fair.
If I had my stacking life again, play the silver percentages on bullionvault/gold money/ETF
Physical in UK = dead duck for common bullion

Jocasta's and Felicity's pony simply can't abide Aldi value straw, the butler told me 

Reported for causing me too much stress ...

Trolly for myself, god knows what it costs those with a brood of crotch goblins 👺 

Trolly for myself, god knows what it costs those with a brood of crotch goblins 👺 

Jocasta's and Felicity's pony simply can't abide Aldi value straw, the butler told me 

Trolly for myself, god knows what it costs those with a brood of crotch goblins 👺 

Forget Waitrose, go to Aldi!
Just sayin'...

Jocasta's and Felicity's pony simply can't abide Aldi value straw, the butler told me 

I think somebody already posted a similar article, sounds like something @Chronos would post but if you haven't already read it:
China’s updated trading rules for gold and silver squeeze speculators, but quality purchases are rising -  Metals Daily CEO Ross Norman | Kitco News
The recent dip seems to have been mostly the result of hiking margin requirements in China to cool the gold market
Why would China do this? Like the Americans, they want to suppress the price of gold but for different reasons - the single largest buyer of physical gold in the world is the PBOC along with the wider Chinese financial system. They are doing this to hedge against the largest physical market in the world - Chinese real estate - and are being joined by regular citizens and businesses hedging against currency debasement and slow downs in both the real estate and manufacturing sectors.
India is also an important player with similar motivation. India + China and the wider Asia-Pacific region now account for 55%+ of global precious metals trading. When Kitco and others claim the west has lost control over precious metals pricing there's the proof, the Asia-Pacific region is driving more of the price action than the collective west combined
 

🤔getting a bit deep😮🐳

As we get a bigger gold spot price,
at £500oz a 3% gold move is just £15 in fiat (a take a way meal)
At £1000oz a 3% gold move is £30 
At £1500oz a 3% gold move is £45 quid 
At £2000oz a 3% gold move is £60quid 
What was neither a nowt nor something move at £500oz is now a trolley of groceries move, yet the % change is the same 
#carryOnStacking

As we get a bigger gold spot price,
at £500oz a 3% gold move is just £15 in fiat (a take a way meal)
At £1000oz a 3% gold move is £30 
At £1500oz a 3% gold move is £45 quid 
At £2000oz a 3% gold move is £60quid 
What was neither a nowt nor something move at £500oz is now a trolley of groceries move, yet the % change is the same 
#carryOnStacking

We need to stop thinking in fiat pounds and pence, when it looks like gold has thrown a wobbler and it's hell on earth if it tanks £100oz in the terms of how many freddos it will buy us
Trust the percentages, it's adjusted a few % nothing more
We are learning and experiencing 'new normals'
Stay the course, carry on stacking
Ignore short term noise in price movements
Inspirational sponsored quote brought to you today by "whippet and gravy Yorkshire pies" Est. 1819