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Reputation Activity
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5huggy reacted to TommyTwoShots in Gold Monitoring Thread $ (USD) only
Yer I told her to buy little and often. It’s hard though as prices have fallen and gold is tempting.
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5huggy got a reaction from TommyTwoShots in Gold Monitoring Thread $ (USD) only
seems to be "waking up" - probably with respect to $1.9 trillion injection!
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5huggy reacted to Charverdude in Today I Received.....
today I received these two lovely mirrors lol my daughter says I look like an eagle so at least now when I look into these I will be able to see myself in high definition lol
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5huggy reacted to Bars in Gold Monitoring Thread £ GBP only
Once people realise that things are not normal and the economy is screwed. It probably gets repeated 100x, but they cant be printing ridiculous amounts of money without anything happening.
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5huggy reacted to Nugget in Gold Monitoring Thread £ GBP only
Hey I'm happy if it falls to £1200 ish, I can just buy more lol
I try and buy something each month. Last month sovereigns, month before was an ounce (£1383 I paid) this month, probably an ounce as they are out of Sovereigns lol
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5huggy reacted to Fivepoundfred in Today I Received.....
From the 2021 annual set that was released a couple of months ago.
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5huggy reacted to Connor in Gold Monitoring Thread £ GBP only
I'm probably wrong but that's maybe the lowest it was going to go
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5huggy got a reaction from Foster88 in Gold Monitoring Thread £ GBP only
Its getting close to my "back up the truck level" 😉
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5huggy got a reaction from trp in Gold Monitoring Thread £ GBP only
Its getting close to my "back up the truck level" 😉
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5huggy reacted to stefffana in Gold Monitoring Thread £ GBP only
Hi, @Connor,
Probably it as a good idea in this moment. The gold price is undervalued now, and physical silver is still strong. Even from the waves of silver on sale last two weeks on forum you can see that almost all are doing the same.
I am really impressed how quick are selling all the gold coins with a low premium on here and at bullion dealers. For example, this evening are out of stock almost all of them with 2021 full sovereign.
So, if you can put in your stack some gold at max 5% over spot, just do it.
Cheers,
Stefan.
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5huggy reacted to MickB in Today I Received.....
Today I received the South African 5 shillings from @DuncanWylieWilson. On top of that is the 1938 half crown and a QE2 Cunard 1977 World cruise silver medal which I won on ebay recently.
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5huggy reacted to Pete in Why is gold so precious?
Historic reasons from coinage, jewellery, gilding of ornate furniture, buildings etc.
This is a malleable, highly electrical conductive inert, non toxic metal with a nice colour.
Gold plated onto electrical connectors ensures optimum long term connectivity because it does not oxidise.
It does not rust or tarnish and will not dissolve in anything but aqua regia.
It has only a few industrial uses so is not consumed in any quantity compared to other metals.
It can easily be bashed to such a thin layer ( gold leaf ) that you can actually see through it.
Platinum is a similar precious metal and was until fairly recently considered even more valuable as a coin or jewellery.
Credit cards were rated according to status like medals - silver / gold / platinum with platinum being the top.
As for gold price, because it is traded as a commodity, its price reflects the market which in turn is also determined by the amount of gold that exists and the cost of obtaining more out of the ground. Most metals are priced according to scarcity and cost of mining and refining. Many metals are much more expensive than gold some up to $5,000 per gram.
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5huggy reacted to Bigmarc in Why is gold so precious?
I often think the same about coins, legally we are not allowed to change the state of them (British ones at least). We buy coins based upon the metal content and spot price, yet we cannot use the metal for anything else other than being a coin. That gold just has a life of changing hands.
Throughout history nations have waged war on each other over it. It's the world's currency
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5huggy reacted to Derv in Why is gold so precious?
Enlighten me . I think I may have heard a rumbling about a sunspot but nothing on the occult, sorry climate .
I'm not Mr current affairs of late
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5huggy got a reaction from Derv in Why is gold so precious?
So you speak Japanese like me!😉👍
Honda,Mitsubishi, Sony, Kawasaki, and thankyou ! 😉🤣🤣🤣🤣
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5huggy reacted to GoldenGriffin in Why is gold so precious?
Ultimately, where does gold come from?
... it's gold in colour 🧐