SpacedMarine

14 minutes ago, vand said:

No, quite the opposite. Gold is strong today even despite a firmer USD, so that means the true price of gold is very strong today and gold priced in other currencies will be even higher than its nominal USD change.

Wrong.Down 0.1% in dollars up 1.1% in pounds.The pound has had a bad day.Admittedly gold has been quite strong recently but look at a GBP/USD chart.In dollars it's just bumping along in pounds it's having a breakout.Needs to pass about£1100 for some serious action but that means we're having some serious inflation.

Seem to remember the "special relationship" being called in to question somewhere yesterday.

It's a currency thing not sure why but USD price is only £2 change.blame Brexit as that's what all the economists and politicians do.

1 hour ago, HawkHybrid said:

I think mass measurable currency deflation is a myth.

if currency deflation is too many goods/services chasing

too few currency in circulation,

and banks can use fractional reserve banking to balance

currency flow by the use of assets(goods and services),

then won't banks be able to balance the flow of currency

indefinitely?

(this is very different to money deflation where you need

time to mine and mint the gold coins in question)

 

HH

I'm not talking about banks I'm talking about investors with capital.Yes banks can create as much currency as they like but without people willing to borrow and rising interest rates who would be fool enough to borrow?

It's the world we live in,we don't use gold and silver as money it's a "reserve asset"/"tradeable commodity" whether you believe it or not!

Ok you could set up a private exchange using gold Vs whatever you want to trade but as a general rule it isn't money at the moment.

What happens when a state or government defaults on its debt?It causes a massive deflation as the debt was an asset on the bank/central banks books.Ok they can roll it over but that money/currency has vanished and means the banks can't count it as an asset.This then means the bank has to call in loans to reduce its reserve ratio unless the rules are changed.Which is what usually happens.

Also the fact that interest rates are so low and money has poured into real estate.What happens when people can't afford their mortgages and house prices tumble as a result?How is that not deflation? It's by definition deflation expressed as a housing crash.

Again the rules could change.In Greece there are people who haven't paid their mortgages for years yet they still live in the same house.

I put him in the same category as Bo polny baloney.He also said the stock market going to crash a million times but people keep buying his books.Dont take it personally but in my opinion he's a bit of a charlatan.Kind of a stopped clock scenario.I did use to listen to these kinds of people myself at one point but these days I don't waste my time.

On 26/11/2018 at 23:25, HawkHybrid said:

https://www.gold-eagle.com/article/analysts-totally-wrong-about-gold-price-top-gold-miners-production-cost-still-provides-floor

 

interesting gold price chart(the update to harry dents resistance

trend). it shows that we could currently be trying to not break

back into the old down trend. if the price holds on this breakout

re test then this could be a low point for higher prices.

fed rate decision is on 18th dec. in anticipation of a rate hike,

buying before this decision usually gets lower prices.

 

HH

Sorry but Harry dent is a pillock

4 minutes ago, SpacedMarine said:

Capital flows to America Dow up 400pts.The riots in France have probably got anyone invested in Europe spooked.Plus Trump got concessions out of China at G20 so US is probably a safe haven ATM.

There's probably a variety of reasons tbh take your pick.

Capital flows to America Dow up 400pts.The riots in France have probably got anyone invested in Europe spooked.Plus Trump got concessions out of China at G20 so US is probably a safe haven ATM.

There's probably a variety of reasons tbh take your pick.

On 28/07/2017 at 22:28, BackyardBullion said:

But if spot is higher than your first order and you are still saving for the long term it is still fine in the long run. 

Waiting for the right prices is almost impossible to do - no-one knows where things will be in the future. USA could nuke north Korea tomorrow and PM's could skyrocket

I reckon if that happened the peice of silver would be the last think on your mind.Just saying.?

5 minutes ago, silversky said:

I see that gold just closed its 3pm afternoon fix in USD terms above the recent highs in April.  I imagine that if there is anything short of an outright conservative win on Thursday the pound will fall pretty hard.  I personally think they will manage the win but if you have any doubt that the Tories can pull off a win then now is probably the last chance to pick up some gold at a decent price in pounds.  I'm actually surprised at how robust the pound has been this last two weeks leading up to this but it is now starting to look like just a bearish correction on the daily chart vs the USD.  It looks to me like it's teetering on the edge of indecision and any further polls that suggest a hung parliament or similar might just kick off a rout.

Yeah i think a lot of people still think brexit wont happen hence the pound strength just a guess.

On 26/05/2017 at 13:11, Paul said:

why is it we have spiked nearly £20 higher ? in 24 hours

Bitcoin has had a near $500 variance spike in a day

Is the gold rocket setting off for the moon ??

I f corbyn wins the stock market will drop because of anticipated higher taxes people are just a bit nervous as the pound would probably drop also whereas May is in the cabal being ex bank of england so i guess she would be good for the pound and stocks but not so much for gold although any number of international factors could be affecting gold.

Id say its more to do with the qatar spat than anything else.I'd say it would be more beneficial for gold than silver.

Just landed today thanks to Rebnah ???

2 hours ago, Bumble said:

The $20/ozT rise in gold price over the last week has set up a nice battle between the bulls and bears. The physical price in Shanghai briefly touched $1300 on Friday. If the price holds at this level or rises for another week, the momentum traders will come in and drive it up further. If geopolitical events calm down, it may well return to $1260 or lower. I would far rather be on the long side. In two recent interviews with King World News, Andrew McGuire has said that shortage of supply of physical gold has reached the point where there is serious competition for buyers and availability of the physical has started to determine the price. If he's right, we should see higher prices later this year.

They've been saying that for years.Not saying that it won't move higher still as the big shorts must be crapping their pants at the minute and one thing a short is,a GUARANTEED BUYER when they have to cover!

12 hours ago, vand said:

$1290 is the key level that needs to be taken out for confirmation of the end of the long term bear market.

 

 

Think we may be disappointed for now which is good as I want to buy some more!

3 hours ago, JSILVER said:

Isn't this this point though? Safe haven assets, I can't say I was collecting back then, I was too young to know any better. Did gold and silver go up during the recession? 

No but stock market PE ratio went to 120 in 2009 at height of crisis!So people saying the stock market will crash are full of crap in my opinion.If the value of fiat goes down how could assets such as gold,blue chip stocks not go up?Sovereign debt is the problem.Hedge funds won't buy lots of gold as imagine trillions of dollars going into gold!The market couldnt absorb it whereas the stock market can.Everyday people with savings can buy gold and silver if you have a pension in gilts or sovereign debt good luck.The only way stock markets crash is if we go full mad max its the money thats the problem not assets.Gold went up because they were printing money and everyone expected massive inflation which didnt happen because the money they printed went into the banks and they parked it as extra reserves at the central bank so the money never entered the real economy.Now theyve supposedly stopped doing as much qe the money is slowly seeping into gold and the stock markets.Thats tge way i see it anyway.

1 hour ago, sovereignsteve said:

Not much happened for weeks. Everytime it goes up somebody knocks it down or the exchange rate jumps about.

I can't believe it's profit taking that keeps knocking it back, not enough up movement for that to happen.

Pinned at or below £1000 looks like to me.Like you say the exchange rate keeps it one way or another.As for profit taking if your leveraged 100-1 a $1 move is $100 multiply that by a few million and it doesn't take much for a small move to make big bucks $$$

16 hours ago, forgottenmemorie said:

Gold and silver increasing.. 

Wonder what will happen when they trigger article 50..

Up because the pound down?In dollars probably not much different?

Gold to $1000 silver to $10 markets all time highs and interest rates 10%!Just watch ??? ................  Then the moon shot!When Brexit finally comes and the left realise theyre stuck with trump and a collapsing EU the euro hits the skids and gold vanishes!Keep stacking!Just my opinion.

I've said this previously its kind of hard to explain but whenever gold gets to £1000 the dollar loses value vs the pound look at today £ up 3% vs dollar means gold down £20 yet up $15 us.Theres also a strong inverse correlation between yen/usd and gold in dollars.Yen seems to take away the "safe haven" bid from gold.Seems when gold getting to big for its boots dollars are diverted.Anyone who denies collusion between central banks on gold price at this moment isn't looking at the facts.

On 01/12/2016 at 12:18, Paul said:

Gold now at £924 {sob, sob}

Who wishes they had cashed in some to take some profits just one month back when it was £100+ higher ?

 

We've been here before.You could look at it as a buying opportunity however it could be a falling knife for a while.Depends who you listen to.The thing is we all know that paper money is doomed at some point in the future otherwise we wouldn't do what we do.On the other hand the majority of people aren't aware of this fact.Most people don't even know how "money" read euros,pounds,dollars etc. Is created so until a significant number of people wake up and no longer accept monopoly money we are in a paradigm of government backed central bank issued paper.The fact that they have used this "money" to buy politicians,media,etc. Means at least for now the majority know something is wrong with the way the economy is but can't put their fingers on it.You can't blame them as when was the last time the gold standard or money creation was taught in schools,colleges or universities?The mainstream news won't discuss it as,as we have seen with Brexit,Trump etc they have their bias and will continue to peddle the fact that debt doesn't matter and if the government stopped defecit spending noone would vote for them!So I'd rather have some than not because at some point in the future it will be "worth a lot more than it is now" when that point is who knows?I can't see it being more than a decade but thats just my opinion.If your looking at making a quick buck look somewhere else other than gold.If you want to preserve a bit of wealth for the inevitable destruction/reset of the money sytstem we have coming put a bit of gold/silver away somewhere safe and don't think about price in paper as sooner or later it will be measured by a different yardstick maybe,possibly,could be,who knows.

If you just like collecting then fine do that just for the fun of it!

Spanked!

12 hours ago, SilvergunSuperman said:

Welcome to the White House Mt/Mrs President.... and good luck with the stock market crash.

The stock market cant crash Its not like 1929 there are circuit breakers.If it falls more than a certain amount the market closes.The plunge protection team comes in props up the market plus all the people who are short take profits and buy the stock that crashed pushing prices back up.They will keep printing money to prop it up there will be hyperinflation of the currency supply but no actual hyperinflation as the only thing being inflated will be the stock market and the banks will own all of it.Do you think they would sell and take a loss at that point?Not on your life!Its the only game in town!

13 hours ago, SilvergunSuperman said:

Welcome to the White House Mt/Mrs President.... and good luck with the stock market crash.

The stock market cant crash Its not like 1929 there are circuit breakers.If it falls more than a certain amount the market closes.The plunge protection team comes in props up the market plus all the people who are short take profits and buy the stock that crashed pushing prices back up.They will keep printing money to prop it up there will be hyperinflation of the currency supply but no actual hyperinflation as the only thing being inflated will be the stock market and the banks will own all of it.Do you think they would sell and take a loss at that point?Not on your life!Its the only game in town!Bonds would be worthless in that situation as the bonds are denominated in the currency thats being inflated causing a sell off and interest rates will skyrocket meaning governments everywhere would go bust!Of course the banks could just buy those too but if they don't taxes will rise dramatically and the government will try too squeeze every last drop out of people which will be the real problem.A despotic world government!If it sounds scary thats because it is!its a bit more complicated than that but thats what I reckon.Think of the whole economy as a casino and the banks are the casino bosses.Buying gold is like taking your chips off the table.Gold will go up because people will lose confidence in the money in a situation like that and try to hide it "off grid" so to speak a kind of run out of cash into anything but!What would set that kind of situation off at this moment in time with all the B.S. thats going on in the world?Take your pick!

P.s. I do have too much time on my hands ???

44 minutes ago, K_theepan said:

if you willing to take 450 for 2 Sov i will take 2015 & 2016

Pm'd

2 x 10g baird gold bars £340 each posted

1 x 10g pamp gold bar £345 posted

1 x 10g pamp platinum bar £345 posted

1 x 5g pamp platinum bar £175 posted

3 x Carded sovereigns(baird & co) £240 each posted 2016 all 3 sold.

Open to reasonable offers payment via paypal.

Still for sale!