KDave

A few 2020 gold bullion sovereigns...
Our "warehouse" team don't half complain when they have to help Doug with unboxings, then they have to get busy putting it all back where it should have been going. At least they can grab a well-earned rest this weekend, before we finish allocating and packing them.

I have sold it all. 33% profit. It will probably moon now but a 33% profit is to hard to turn down. 

This chart shows the inflation adjusted price of gold - this will be the official inflation numbers which have been fudged and massaged downwards for years but this is what we have got. 
So the gold price isn't really at $1725 - this price is in devalued dollars. What we see in the chart is the mother and father of cup and handles - we are well into the handle and then it is off to the races. From the chart the 1980 price of gold was about $900 (the real all time high). Today in full value dollars it is about $670 ($1725 devalued dollars) - using this as a metric, the full value dollars are worth about 2.5x the value of today's dollar. So if price were to match the 1980 $900 price, in today's dollars it would be 2.5x $900  = $2250. 
The handle reaches a take off point when price goes higher than the 2011 peak - which makes sense. i am sure most of us would reckon that if price can breach the 2011 high, hold (stay above) that level and then start moving up, then we can expect it to be all over the controlled media and every man and his dog will want a bit of gold (and silver). This massive cup and handle reinforces that. The bigger the base the bigger the bang. Not sure if that is a term used but it is now.

@KDave as we know the movement in price is due to shifts in the balance of buys/sells coming into the market. For every buyer there must be a seller but price will move according to which is pressing to get a deal hardest. If i am keen to buy i put in a bid - say it doesn't get taken, so i keep upping my bid until it gets filled. We see price moving higher. The opposite applies when price falls. Price is steady when the pressure from both sides balances out.

The movement in the chart snippet i posted isn't such a lot - it is $3. If the spread is $3 and the volume going through the market at that time is very thin i can imagine at situation where you could see this sort of picture.
Say a participant comes into the market with the price at X. This participant puts in the bid price, which is then matched - the price jumps up. There is no other activity in that minute. In the next minute there is a seller comes in and puts in the lower offer price - the price drops - there are no other orders going in. So over the last few minutes the price recorded jumps backwards and forwards between the offer and bid prices.
This does not explain the big move in the Bullion-by-Post chart - which i would presume is anomalous b/c we did not see the big move in my Friday XAU/USD chart. A big move in XAU/GBP that was not reflected in XAU/USD would have to mean GBP has moved down against gold as well as the USD - (so the price of gold and the USD goes up in GBP terms) or else we would have seen a big blip in the XAU/USD chart at the same time. These are all currencies - when i see gold appreciating against Sterling and and not the USD, i check the GBP/USD chart to see the pound falling against the dollar at the same time.

It's testing the waters 😛

I think its now quicker and cheaper to build houses even with the population growth , but gold is probably more expensive and difficult to mine / find . The population growth will also increase demand for gold increasing its value and making it rare.
The percentage increase figures from 1970 to 2020 reflect this.
From 1970 to 2020 the percentage increase of the gold price is 9900%
From 1970 to 2020 the percentage increase of the house price is 4583% 
From 1970 to 2020 the percentage increase of the wage is 1704%
 

In my view, nationwide average house prices only show half of the truth. Look at London house prices (link to Land registry) 
All property types (London only)
Jan 1970 £4,949
Sep 2018 £476,545
9500 % Increase (but still not as high as gold  )
Perhaps around 10,000 % in last 50 years is a realistic marker for scarce tangible assets?
I had a quick look in Seaby's (now Spink's) Standard catalogue of British coins, 1969 (I don't have the 1970 issue at home)
1838 sovereign in EF: £35 in 1969, this is quoted £3,500 in Spink's 2020 issue
1841 sovereign in EF: £250 in 1969, £22,500 in 2020
1839 £5 Una and the Lion in FDC: £100 in 1969, try to find one now for £100,000 - impossible!

i have seen these blips at the end of day quite a few times. This Friday there was erratic price movement in the last 5 minutes on my IG platform - not as big a jump as the Bullion-by-Post chart

Putting these on here on behalf of my daughter who ordered them from @SilverTrader  excellent service and items she says as always, that's that series completed now.
 




 

Another +5% on GDX. I think we have achieved escape velocity!

I've just seen a 100% move in gold since I started in PMs 😊
 
In GBP,  mind you.

I remember buying one ouncers for £300 and sovereigns for £75.

It's just a wild guess 😛

That would nearly a 100% move in gold over one year in GBP, I am not as confident as you! 

Year low £973.55
Year high £1400.17
42.92% up on the year right now. How much more has it got in it in GDP?
Soon will find out by what gold does in the dollar, whether the huge multi-year formation is legit or whether it breaks out. Are the miners significantly up yet? 

i see we broke £1,400 earlier  
next step up, £1,500 ?? or back down to $400??

1887 Quintuple Sovereign from HGM

Excellent I would say given the timeframes involved if the cup and handle pattern materialises it is time to start averaging in to the miners either way - (if you have physical already) then work your way down as chris A was saying, start with GDX > GDXJ then silver majors and so on until you are picking companies. GDX and GDXJ will do for me.

@Tn21 funny you should mention GDX and GDXJ I am trying to replicate some analysis seen on iGold Advisor YouTube channel in trading view (https://www.tradingview.com/ free to register and use) Yellow line is the Major/Minor share price overlaid onto the Gold price.
1st Chart Gold price comparison to GDX. When historically Gold hit price $1736 the major gold miners trading between $55 and $60 currently trading $30.42

2nd Chart Gold price comparison on GDXJ. When historically Gold hit price $1736 the minor gold miners trading between $100 and $150 currently trading $40

IMHO the conclusion analysis either all the combined Major and Minor Gold miners do not believe the current Gold price will be sustainable in the long term and Gold is heading lower or if we continue to see sustained higher highs and lower lows in the Gold price surpassing $1923 Gold price potential current GDX move from $30 to $60 (100% gain) and GDXJ move from $40 to $120 (200% gain).
Added both GDX and GDXJ symbols below GC (futures price on Gold) to my watch list broker account. See price of Gold up today 2.83% but GDX up 6.28% and GDXJ up 7.50%
The strategy I am looking at Gold price hit $1850 sell off back to $1750 / $1650 see chart pattern for support Gold price at this level forming then take speculative long trade on GDX/GDXJ (depends on the correlation at the time) potentially attempt break $1923 price.

on the top we see 11 krugerrand goldcoins
followed from some other gold, silver and platinum coins and medaillons 🧐

 

Ok so these are mainly generic royal mint issues so nothing rare but I start buying a few coins as I’ve always been interested in them since being young. It’s only recently I moved onto the silver bars and bigger coins.
sorry for the bad lighting but I wanted to get some photos together quickly as they are going to storage.
Split don’t into Sports | Children’s Book / Characters | Stacking | Other

 

 

Visited my safety deposit box today and put the recently acquired Gold with the rest of the Gold stack. Don't visit Safety Deposit box that often maybe once a year and took opportunity to take some photos. Gold bullion occupying 25% space in the box the remainder family jewellery. Still enough room in the box to add another 40 oz Gold in Royal Mint tubes to finish off Queens Beasts series.
Gold bullion square red box total 74.25 oz.



 
 

the higher it goes the faster it will come down.