Gold Confiscation UK ?

[silenceissilver]

27 minutes ago, LawrenceChard said:

Do I detect just a tiny hint of cynicism?

I too think cynicism is healthy, but only within reason. I would on balance prefer to remain optimistic.

There do appear to be many worse places in the world to be, although I am sure there are also better ones.

I'm optimistic on balance. However, first we are heading towards not so nice times. This will enable good times, afterwards, better than in any of our lifetimes. There is no automatism but the chances are pretty good, I think. The provided quote is not a joke - although it is, objectively - but it's not meant as a joke by the people who wrote it and they will do anything to achieve their goals, plus they are very powerful. I don't think all the top politicians and billionaires would gather, if I asked them to listen to my stupid ideas but they do come together with the guys who wrote this quote.

29 minutes ago, dicker said:

I think there was a thread on this some while ago.  
 

I think that governments would go after easy money first - bank accounts and pension investments, ISA’s, windfall taxes on wealth.  

Gold is probably low on their list as it is difficult to locate - unlike stock, pensions etc there are no “registers”.  

Yes, that's one reason why some of us have some gold in the first place.

[dicker]

55 minutes ago, HerefordBullyun said:

prevent weaning i believe!

Indeed.  I have seen much bigger spikes!

[Martlet]

9 hours ago, Bigmarc said:

Also I was thinking if tracking a few things (phone contracts, milk, fuel, energy cost) in real time rather than what's reported. Does anyone have any ideas of telltale signs that inflation is actually happening? My thinking behind this is it may help me to decide when and if to up my PM's budget.

You could select a group of goods and services, sensible range of things like daily and weekly shop and the bills.  Need to weight the items to reflect how much spent on them, track the prices across a range of sites each week over months.

Or just follow the CPI or RPI that does all this for you.  Your personal inflation will never match it because you dont buy an average of everything.  If you want an early indicator also look at Producer price index.