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Skyhawk747
Reputation Activity
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Skyhawk747 got a reaction from MonkeysUncle in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?
Thanks Mr Monkey 🙂
I'm going to go very slow, today I just bought 3 Britannia 1 oz gold coins.
I did look at the King Charles Full Sovereigns but the premiums seem a bit high right now at around 5-10%
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Skyhawk747 got a reaction from monkey in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?
Hi all,
I was wondering if it's worth buying about £10,000 of gold in GBP whilst the USD is strong against it? Once the GBP strengthens won't that hugely affect the price of gold as the value of the USD will drop?
Cheers
Phil
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Skyhawk747 reacted to Abyss in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?
Lets run through some hypothetical scenarios see how it impacts the number of oz of Gold you can accumulate having £10k (no premiums buying at spot)
1. Current situation £/$ 1.22 Gold $1848 = 6.60 oz
2. GBP stronger £/$ $1.50 Gold price same $1848 = 8.11 oz
3. GBP stonger £/$ 1.50 Gold Price weaker $1600 = 9.37 oz
4.Weaker GBP £/$ 1 Stronger Gold price $2000 = 5.00 oz
Anyone can run through additional scenarios but as you can see the most beneficial scenario for UK citizien holding GBP and buying Gold when $ price of Gold is falling and the exchange rate £ is getting stronger vs $. I have some ideas about the price of Gold in the short, medium and long term as well as the exchange rate £ vs $ but these just my opinions nobody can predict the future price of Gold or Exchange rates unless their name is Wonger.
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Skyhawk747 got a reaction from GSW in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?
Hi all,
I was wondering if it's worth buying about £10,000 of gold in GBP whilst the USD is strong against it? Once the GBP strengthens won't that hugely affect the price of gold as the value of the USD will drop?
Cheers
Phil
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Skyhawk747 got a reaction from James32 in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?
Hi all,
I was wondering if it's worth buying about £10,000 of gold in GBP whilst the USD is strong against it? Once the GBP strengthens won't that hugely affect the price of gold as the value of the USD will drop?
Cheers
Phil
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Skyhawk747 got a reaction from Aldebaran in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?
Hi all,
I was wondering if it's worth buying about £10,000 of gold in GBP whilst the USD is strong against it? Once the GBP strengthens won't that hugely affect the price of gold as the value of the USD will drop?
Cheers
Phil
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Skyhawk747 got a reaction from ChrisSilver in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?
Many thanks
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Skyhawk747 got a reaction from Dankanugget in Worth buying £10,000 of gold in GBP whilst the USD is strong against it?
Hi all,
I was wondering if it's worth buying about £10,000 of gold in GBP whilst the USD is strong against it? Once the GBP strengthens won't that hugely affect the price of gold as the value of the USD will drop?
Cheers
Phil
