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Reputation Activity
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AuricGoldfinger got a reaction from Tortoise in Gold Monitoring Thread £ GBP only
It’s only good if the premiums follow
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AuricGoldfinger got a reaction from EdwardTeach in Gold Monitoring Thread £ GBP only
It’s only good if the premiums follow
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AuricGoldfinger got a reaction from Chandler365 in Gold Monitoring Thread £ GBP only
It’s only good if the premiums follow
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AuricGoldfinger got a reaction from James32 in Gold Monitoring Thread £ GBP only
It’s only good if the premiums follow
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AuricGoldfinger reacted to ArgentSmith in Inheritance... is it worth it?
The executor should sell the properties and divide the money? if someone wanted to keep the properties they need to buy out other parties at fair market value.
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AuricGoldfinger reacted to HerefordBullyun in Gold Monitoring Thread £ GBP only
@LawrenceChards new ski's dont pay for themselves you know!
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AuricGoldfinger reacted to Paul in Gold Monitoring Thread £ GBP only
I'll b buying this month, like I did last month and the months and months before
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AuricGoldfinger reacted to Paul in Gold Monitoring Thread £ GBP only
I also noticed a few of the UK big boy dealers paying 101% of spot for sovereigns in the last month. So the demand must be there
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AuricGoldfinger reacted to Midasfrog in Gold Monitoring Thread £ GBP only
James buy some crypto while you are ahead you can thank me at the next Lamborghini coffee morning 😉
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AuricGoldfinger reacted to James32 in Gold Monitoring Thread £ GBP only
Isn't it such a rush though? Watching everything go down the fekin pan. I've never felt so alive tbh.
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AuricGoldfinger reacted to ArgentSmith in Gold Monitoring Thread £ GBP only
sell all your gold on forum for true market value £1200 👍
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AuricGoldfinger reacted to SidS in Gold Monitoring Thread £ GBP only
I'm waiting till it gets to the top and then I'll buy.
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AuricGoldfinger got a reaction from Shogun42 in Today I Visited
Today i visited the safe deposit box. Nice to see them again. Had a little count up as wasn’t 100% on the exact amount of sovereigns.
151 sovereigns, 1 half sov and 14 1oz coins. So depending on how many decimals I’m either 2 full sovs or 1 and a half sovs away from my target for the year of 50oz.
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AuricGoldfinger got a reaction from Lyrinn in Gold Monitoring Thread £ GBP only
The Burning question is, should the Englishman sell or buy @LawrenceChard 😂
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AuricGoldfinger got a reaction from EdwardTeach in Gold Monitoring Thread £ GBP only
The Burning question is, should the Englishman sell or buy @LawrenceChard 😂
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AuricGoldfinger got a reaction from LawrenceChard in Gold Monitoring Thread £ GBP only
The Burning question is, should the Englishman sell or buy @LawrenceChard 😂
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AuricGoldfinger got a reaction from Silverlocks in Gold Monitoring Thread £ GBP only
The Burning question is, should the Englishman sell or buy @LawrenceChard 😂
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AuricGoldfinger got a reaction from James32 in Gold Monitoring Thread £ GBP only
The Burning question is, should the Englishman sell or buy @LawrenceChard 😂
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AuricGoldfinger got a reaction from Chrisplym in Gold Monitoring Thread £ GBP only
The Burning question is, should the Englishman sell or buy @LawrenceChard 😂
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AuricGoldfinger reacted to LawrenceChard in Gold Monitoring Thread £ GBP only
Gold Monitoring Thread £ GBP only
While much of the time, it makes sense to monitor gold prices, or any other commodity, in terms of pounds sterling, sometimes it makes sense to also look at gold price in US Dollars:
Here is a 12 month price graph in pounds:
Which shows gold went up from about £1280 in September 2021, peaked above £1550 in March 2022, dropped back to about £1420 in late August, and now stands near its one year high at £1525; a rise of about £245 or about 19%.
But:
Now look at the same 12 month price graph in but in US Dollars:
This shows gold went up from about $1725 in September 2021, peaked about $2050 in March 2022, dropped back and now stands near its one year low at $1660; a drop of about £65 or about 3.8%.
A big difference between the two graphs.
An Englishman and an American discussing gold prices over a beer, might never agree which way gold had moved.
Has gold gone up or down over the past year?
Is it possible to reach a sound conclusion?
I believe it is equally valid to consider that gold has not moved in value over the course of the whole year, but that the value of the USD has increased slightly, while the value of GBP has dropped by about 19%
It may be impossible to adjudicate which of the three views is correct, but accepting my "stable gold" viewpoint might just be the only way to settle the bar room argument between the English and the Americans.
😎
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AuricGoldfinger reacted to Midasfrog in Gold Monitoring Thread £ GBP only
@James32 🦄😀 from a time when gold was £27 a gram 🤔
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AuricGoldfinger got a reaction from EdwardTeach in Gold Monitoring Thread £ GBP only
I'm seriously hoping to pay my mortgage off within the next 2 years due to interest rates being hiked. selling some gold will probably make up a chunk of the money. its a dilemma when to sell! in the world we live in who knows where we will be over the next couple years.