silversky

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.

I stopped reading it as soon as I recognised the smell of Chatgpt. But I recognise that it's like a parody on the negativity surrounding gold in certain circles. But it could equally serve as a parody on the fallibility of chatGPT. It can sound persuasively authoritative, while being totally and completely wrong...

So I'm hearing that savings rates have actually turned positive now in real terms after inflation, for the first time in some teenagers' whole lives... Will this dampen the urge for god's zero yielding bond? Or is there still too much to go bad again just around the corner? I'm strongly ambivalent, but it's interesting to see gold just steadily pushing its way upwards. I didn't think I'd be seeing £1738 this week. Where will it end? Perhaps this melt up is set to continue... Must be devastating the shorts, no real pullbacks to escape into.

Yeah but that's why the monopoly guy is rich. He keeps his own weight in Silver!! When it moons to a 30:1 gold/silver ratio, and gold pushes up to £3000 an ounce, Silver will be up at £100 an ounce. A moderate male weighs approx. 80kg or 2572 troy ounces. Times that by £100 per ounce and it comes out at a cool quarter million. Enough to pay off a small flat and free a man from paying a mortgage just to have somewhere to sleep. But if the gold silver ratio collapsed to 15:1 as some believe it might in a serious financial crisis, then that would mean £200 an ounce of Silver and a cool half mil. Enough to pay for a moderate sized family home. But for pie eating chunkers who weigh closer to 120kg or 3858 ounces, that takes it all the way to a sweet three quarters of a million pounds, which is enough to pay off that oversized house he bought when measuring peacocks with the guys in the bank. Of course, this all relies on Silver continuing to be viewed as precious rather than crypto or the like, and that gold doubles from here, which it will more than likely do in any real financial crisis. 100kgs will certainly see some life changing results when the big day comes again for silver. And the way things look, it will come, it's just how many decades do we have to wait in the meantime?

Your own weight in kilos is a good start.

Quiet in here... Just touched 19...

Nothing wrong with selling a bit if you need to purchase real world things, it's just money after all. Just don't forget to buy it back for the long run...

Clive, here is a link to some trading view charts embedded on a dealers webpage. You can manipulate them and select different candle durations as well as play with a number of indicators such as moving averages and Fibonacci retracements etc. The trading view charts are a good representation of the live spot price with bid and ask prices being displayed as well. https://vongreyerz.gold/why-gold#gold-charts So we've bounced off ATH today. We've approached the crazy weekend spike from back in December, but this time at a slightly more measured pace over a number of trading days. USD high 21.46.56 today 2141.86. GBP high 1688.16 today 1687.62 The Euro is similar with it just exceeding the ATH in Euros. It's beginning to look like the zone between £1650 and £1630 represents two strong support lines for any retracements in the future, and good entry points after a retracement from higher up than here. I can see this having a pop at some blue sky in USD, before retracing to set up a new floor over the next month or two.

I think there's still a bit of revaluation from all the inflation pushing this up. Insurance premiums for car insurance are through the roof. I know two people who just had 50% increases!! Obviously that's nothing to do with real accidents going up... more to do with the rise in the price of champagne and hookers for the brokers. But it indicates that there's a delayed revaluation of fiat still underway. The inflationary forces are still real, it just takes time for each step in the realisation process to sink in. I'm expecting gold to run through this top, and then this price to become a new floor

Yeah probably push all the way to 2200 before any new shorts start to get adventurous. Its above ATH in a lot of currencies. Only the spike weekend to go in Dollars... Currently above any close in GBP

Are you looking for the 2017 20th Anniversary limited edition? It's like the normal 2017 but with a trident mark in the field next to the B in Britannia.

Any update?

The 4 hour chart shows that we are close to the same level as the Friday night before the chaos weekend at the start of December. We have closed above that, so this setup could be another repeat on Sunday!!! But I kind of doubt that they'll manage to pull off a repeat of that crazy stunt though.

Here is the weekly chart in GBP Seems like we are forgetting the third week of Oct. £1655.30 was that weekends close.

But what would people do on the Gold monitoring thread if they didn't look at charts and discuss the minutiae of little highs and little lows? A prohibition on charts, would run the very real risk of a complete topic meltdown, and the re-emergence of everyone's love to hate subject... the TV licence... Before long the thread would be renamed the official unnofficial tv licence thread and poor gold monitoring in GBP would be confined to the dustbin of history. Far safer to stick with the charts and furtive little snapshot monitoring remarks such as this one. Gold £1586 😉👌

Your analysis is superior. And I concur with you that the upper and lower bounds are likely to be far larger. Breaks in either direction could see little resistance for several hundred dollars. This pause before the storm will come to an end soon, but it could be in either direction....

Glad to hear that the Santa Maria worked out well for you with the German dealers. Pretty cheeky of your local shop to be offering 75% of melt value for a legal tender coin with only 100 mintage. Absolutely insane.

Any reason for the white PMs leading the charge today? I suppose Silver has lagged gold for quite some time, so maybe its just about being its turn.

Gold has reacted by less than a £

Looks like a slightly weak close to me coming up. Maybe another little drop is inbound next week

Perhaps a current occupier thread?

I'm assuming that you're not "western" and that you don't subscribe to quotes "western values". Which values do you subscribe to out of interest? Other than gold of course which we're all keeping a keen eye on in this thread of course.

In the above shtf example, gold is only useful for your children. It's for long after "the disaster", when new governance and monetary accounting starts to establish again. It time travels wealth. Land is important, but land is riskier under certain circumstances. It's easier to confiscate because it's not exactly mobile. Gold on the other hand can easily be hidden in amounts that denominate serious future wealth, with the intention of one day recovering it for your children. We keep finding little stashes from different eras where that game has been played. Just imagine how many anonymous stories have gone untold, of familial gold recovered by children, and quietly used to buy land or influence. Gold is the ultimate insurance policy. Gold's other purpose is to keep the accounting of all fiat honest. By holding in Gold, one is no longer dragged backwards through fiat devaluation, but the same can be said of many limited quantity resources such as land. You don't get rich in gold, society just gets poorer around you. Gold bounced off the big $2000 mark, £1582 double bottom from the 12th. Is the dip over? Or is a real £100 dip to come? I'm pretty neutral on it at the moment.

It's like American football. Little moves forwards and backwards. Pretty dull, but people enjoy drinking beers and discussing those few yards each way, imagining that any moment an impressive break for the the other end of the pitch is about to happen. And just like precious metals, the game takes ages....