Abyss

These are my charts of Gold on the 1 hour and the selling was not normal price action.. Normal price action clearly see on the charts for Gold back and forth... $90 smack down in price in less than 4 hours......

Are we sharing charts, please sir can I share my charts? I have the 1 hour chart of Gold as part of my list of instruments that I pay attention to all the time. Sometimes I go into the higher time frames only to reinforce my belief that Gold has a lot higher to go over the next 2-10 years. My current long term analysis (looking at the monthly chart) broke above all time high $2080 was rejected. Have three months downside potential (end of March 2024) then if these monthly candles have not broken below $1820 then we could have another attempt and breaking and clearing the all time high in which case my price target would be $2800 in the next two years (measured move from the impulse up). We could also have another attempt at the all time high and fail in which result prices moving between $1660 to 1760 over the course of the year. Establish support at these level then my price target would be $2575 but would take more time to achieve (5 years). This is the problem with technical analysis is that the data is always changing and your analysis has to change with it. Have a constantly moving target both at the price and time axis. I personally would love lots of turns and twists testing this level and that level on the hourly chart. I am telling you it is impossible to predict with accuracy the long time chart of any financial instrument. The Gold chart is showing you it has lots of upside potential and as a result I will be holding onto my physical gold (for investment, safety, peace of mind it provides) into the long term. I want to see likes of CNBC, CNN, BBC talk about Gold hitting $3,000, visit my local hairdressers and hear the conversation that he bought some gold and so has some of his patrons. I will then know it is time to sell my physical Gold and move into other assets.

3 oz Gold 1.8% above spot from Chards Gold 1 oz Britannia Bullion Coin - Minty total price of £4,907.85 plus postage https://www.chards.co.uk/gold-britannia-coin-minty/12650 Job done.

Million dollar question the future asset price of a financial instrument into the future is inherently uncertain especially in the current technological time living in today. I have been following the Tesla story / Optimus Gen 2 robot and the improvements made over the last three years from a man in a suit to the current technological state of the general purpose Tesla bot is unbelievable. A recent webcast with Sandy Munro (automotive engineer who specializes in machine tools and manufacturing) given unprecedented access to the Austin gigafactory during the release of the Cybertruck stated Tesla bot will be in useful production roles on the shop floor in the gigafactory by the end of this year. I believe by the end of the decade Tesla will be selling a general purpose robot first to businesses and then to consumers. If this is the case then you have to ask yourself the major ramifications of a 30 trillion dollar labour market being disrupted by AI/general purpose robot. What will major UK home builders be selling a house for in 2030 when they have replaced all the bricklayers, joiners, plumbers and plasterers with Tesla bot that works 24/7 charges on cheap off peak electricity and not part of any union, does not require wages, holidays pensions and never reports in sick? What will be the price of a barrel of oil, tonne of copper, an oz of Gold when the major mining/refining companies able to buy a Tesla bots and significantly increase production and at same time significantly reduce labour costs? Ramifications of what about to happened in the next six years (IMHO) is food for thought.

No need to actually buy a 1 oz Gold coin to get a sense of how it feels. Pop into your local Jewellery shop and ask the staff if they have any 1 oz Gold bullion coin that you could possibly hold. State you interested in buying physical gold as a long term savings instead keeping your money in the bank. You would be surprised the number of staff who work in Jewellery shops who keenly keep an eye on the Gold price and also have some savings in physical Gold. One of the local Jewellery shops near me a member of staff is also a member on the Silver Forum and has helped me identify a few coins and determine some of the coins I have purchased are genuine as well. You would be surprised when pop into your local Greggs and buy a sandwich meal and give it to member of staff working at Jewellery shop the amount of help you can receive 😀.

@Kitalon I am in the exact boat you have describe my stack is exclusively has only 1 oz Gold coins. I had sovereigns and even some 1/4 gold coins but eventually sold them all. As for quickest liquidity option for 1 oz Gold coins all you have do visit Chards/Atkinsons see which dealer offers the best buy back rate. You will find if you were to buy a single coin from a bullion dealer and then upon delivery decided to sell back to the same dealer you would lose on average 3% plus postage cost for (to & from) the dealer provided spot price not changed significantly. Reduce these costs even further purchased from reputable Facebook groups/the forum itself. I have also taken 1 oz Gold coins and exchanged them for several percent over spot in India. Already had safety deposit box to me it made sense to stack 1 oz Gold coins due to the convenience of storage (fit 10 into a single Royal Mint tube), the lower premiums (both buy/sell) and the high liquidity of 1 oz Gold coins. But in the end have you ever held a 1 oz Gold coin? I remembering holding mine and it was very special moment and I knew if I was to buy Gold this was the form factor that made the most sense to me and still does......

This is the image that will forever be remembered when inflation runs out of control........ It lead to a change in Government in Germany to the Nazi party and then to World War 2.

A side note spoken with someone recently had a single 250 gram gold bar, 4 x 50 gram gold bars that were all stolen in a burglary. Took this individual a long time to accumulate that level of Gold (16 oz) had contents insurance but it did not cover and is completely out of pocket but subsequently had several more breaks ins into his house. Buying physical Gold be very conscientious of where you are going to be storing it for long term safety and security of the metal and your immediate family.

@Roy there was one point in time where started stacking sovereigns as well I believe at the time bought dozens of them from Harrington and Bryne running an offering (limited to 3 per order but free delivery) below spot price back in 2019 paid about £224 but had to opt out of the insane marketing material unless planning converting gas boiler to burn paper… Lots of member on the forum also participated in the feeding frenzy. I did eventually sell all my sovereigns on the forum and continued to stack exclusively 1 oz Gold coins until the beastly collection had been completed… Not reached my goal still in my early 40s want to double my stack size but I am in no rush to do so.

"Christmas cracker" after it turned out to be worth £1,462. I am happy to buy 1 oz Gold Buffalo at that price all day long. I am unsure if BBC reported incorrectly on the value or if this is the value Scotland's Charity Air Ambulance received from the "coin shop" but they should have been paid at least 97% of spot £1,545.45...

$1,850 I think in 2024 at some point it will hit $2400 get everyone excited and lots of people jump onto the bandwagon and then works its way down to $1850 also I think it would be an excellent to buy after the market has flushed out the weaker hands.

10 minutes by car to the train station, 20 minutes by train to Manchester Piccadilly, plus another 15 minutes brisk walk or 40 minutes by car paying for NCP car parking. I am glad it takes some effort to visit the SD box otherwise you could view it as a piggy bank that you could dip into every so often rather than a permanent safe storage location holding generation wealth in..... Unsure about London, but Manchester is fairly safe during daylight hours.

Same here. I use the Manchester branch and it has survived two world wars. Shame they only have two branches in Manchester/Leeds they could easily expand into other areas. My dad used them when he moved to Manchester in 1992 to initially store gold jewellery and subsequently when he passed away I inherited the contents and used them in addition to store my gold collection. As a family we have utilised this company to store our physical wealth for 31 years...... https://www.stjames-safedeposit.com/

Don't listen to @Paul Silver is the best thing since slice bread. I had bought several thousand oz's of the stuff starting stacking it in 2018. I was buying 1 oz silver Maple Leaf 2016 SUPERMAN 15.64 € 2 oz silver QUEEN'S BEAST 35.18 € 10 oz silver Queen's Beasts 242.40 € Perth Mint 1 oz silver 2017 MARVEL SPIDERMAN 21.38 € From Goldsilver.be, the European Mint and group orders on the forum. Obviously before VAT on Silver and I have sold my entire stack with the exception 60 oz when GameStop reddit community moved over to the silver short squeeze. People waiting for Silver to hit $50 oz I can recall certain coins (1oz Marvel Spiderman) sold for £70. In hindsight pure dumb luck and good timing when stacking Silver and my decision to exit my position and fully transition it into Gold. Unless have a time machine to go back to 2018 @Paul is right, stack Gold, buy Silver as a hobby.