Prophecy

Fascinating to see money going from bitcoin to gold. The iran strike was a massive investment/trade opportunity.

Iran have just announced that their action 'can be deemed concluded' against israel as a retaliation allowed by UN charter because of Israel's attack on their embassy in Syria. It's probably not going to escalate (unless Israel go nuts). As I guessed earlier - a bounded performative action.

Just now, 9x883 said:

What happens to the price of oil if this really kicks off?

America can't let the price of oil be dictated by this right now.

Sometimes Iran does this stuff performatively to keep militant factions in their political system sated but don't want it to turn into something bigger. If this turns out to be a damp squib expect gold price to be a bit weird for a while. Recent spot prices have this action priced in. If it genuinely changes the temperature in the middle east upwards then gold will tell us.

10 minutes ago, Upsidedown said:

Yeehaa get em boys 

Good old David Jdam-borough

19 minutes ago, Go65 said:

I thought gold was the thing to hold in times of war and political upheaval? I get confused 🙁

Gin and tonics too (for me at least) But, yes, gold - It is. Depends on the upheaval though... needs to be serious upheaval in the wind. Best to buy a bit when the US warns that a geopolitically important country is about to do some stupid stuff so you can cover your premiums when it happens a week or two later because gold shifts upwards faster than it's usual glacial pace.

4 minutes ago, Go65 said:

Should I be buying or selling?🙁😀🤔

You should sell yesterday. QUICK!

Buy on rumour, sell on news. Seeing it now. Whoever had inside news from Iran sold off a sh*t ton of BTC and Gold before the public headlines. It's rare to see this kind of clear movement based on rumour and news so obviously.

I smell a little Iran Israel fisty cuffs in the gold price

Finally, the cufflinks I bought in here 4 years ago are break even. HA

31 minutes ago, Petra said:

And …. once they get kicked back as per usual, or are we worried by comments coming out of Iran? They have already had their people under fire round the Syrian airports 😮

Full on offensive, I'm not talking about sporadic pot shots. Direct attack on Iran by Israel priced in. And fear of cascade. Will probably be a spike so get ready to sell

£60 / g if Hezbollah launch full on offensive.

6 hours ago, Bigmarc said:

I think you maybe a bot. 

That's like walking into a bar full of alcoholics and ask if anyone wants a drink. 

That's exactly what a bot would say to put people off the scent. At least I'm paying for the privilege of using this site for years  How's your stack doing?

Gold's a great hedge against inflation right now, what do you guys think?

So much for a hedge against inflation... a sov in summer 2020 was around £350 (e.g.4% premium)... if it had risen in value with the inflation from then it would be worth +£430 now. Ouch. Hodl.

18400p

Why is this thread still in the Buy & Sell section? 

17 hours ago, MFR said:

Sorry that I'm not as good as you at prophecies and getting things right, please master teach me 

Sure. The basics of course: Buy if spot goes lower because you get more for the same amount than you did before. Don't put money into gold that you need for living. You only lose money when you SELL lower. And... Sell higher than you buy.

Or...

You could just buy high, freak out when gold dips, sell, then jump back in when gold rises again, buying higher than you did before. Annd you're trapped in the FOMO cycle of doom.

Convert your bars to CGT free coins and forget about them until you can tame your investment emotions, if I was you.

Let us all know if you do sell, so we can all buy because Sod's law for you the price will shoot up afterwards for some reason  

Mentioned this before (and haven't read this whole thread, forgive me) but I think it's only a matter of time before PM coins are seen as a 'right wing', 'colonialist' 'oppression' thing and that will put off a vast swathe of potential newcomers to both bullion and numismatic collecting. It also something that might be stoked by a non-Conservative government to add VAT and CGT to coins currently exempt. For cheap woke voter points.

also, I can't see Prince Charles lasting long as king - the establishment will get scared once countries start to pull out of the commonwealth en masse and he will abdicate for William.

also, the current and very recent wave of anti British monarchy sentiment in countries such as the Caribbean have been fomented by Russian and Chinese business interests forcing the sentiment behind the scenes and the narcissistic Megan Markle PR campaign. I can very much appreciate a native west Indian identifying more with her and her 'tales'. Whether you are for or against the monarchy in a practical sense, Britain is massively diminished on the world stage without it and that plays into the hands of those who we would all choose the monarchy over. And I for one don't care for the monarchy but happy for it to stick around until a better alternative appears...

It's only a matter of time until a billionaire builds a mega scanner that will discover all this stuff everywhere in a heart beat. Probably a bendy eyed Bezos type, and everyone will hate them even more for it.

Buying high selling low... a commonly followed strategy

Agreed. There is no way I would buy from H Samuels. It was just an example. I am thinking of the jewellery industry as a whole. I believe their price premiums are so high, especially for boutique brands, is because their sales are so low that they need one item to cover many days of no sales. I am also looking into investment gems and am getting a good grasp on their values too. i see many boutique gold rings that have £200 worth of gems in a setting with £200 gold being sold for £2000-£4000. once you know the value of the components for anything, its hard to imagine buying anymore. Add that to the cost of melting and extracting gold from scrap jewellery alloys it's just a dumb purchase for anything other than emotions. Hard to imagine buying an engagement ring knowing I am being fleeced for thousands. Id rather learn to make my own, would be cheaper and more valuable

You're right, I am exaggerating a bit unless you look at luxury jewellers... Any idea what the gold value could be in this £1799 9k jobby from H Samuel? I was trying to compare equivalent products...

https://www.hsamuel.co.uk/webstore/d/8151393/9ct+Yellow+Solid+Gold+20+Inch+Curb+Chain/

Basically, does anyone own any of this stuff and/or have you found lower premium bullion jewellery?