Gold Monitoring Thread £ GBP only

[mik]

These are current prices on BullionVault. Trading is 24/7

[James32]

Just now, Sovhead said:

You’re saying it’s opened at £1650 mines is at £1621….

No he's saying with the world conflict..there's a possibility of higher gold at opening..it hasn't opened yet

[9x883]

This 👆👆👆👆

[Sovhead]

Just now, 9x883 said:

This 👆👆👆👆

Ah you were speculating 👍🏻

You're previous post just said….doesnt matter.

[Richard82]

7 minutes ago, Sovhead said:

You’re saying it’s opened at £1650 mines is at £1621….

I think he meant it would rise to that when the market opens because of the information about the war in the middle east,  not what it is now.

[Bars]

28 minutes ago, Sovhead said:

Ah you were speculating 👍🏻

You're previous post just said….doesnt matter.

Skin him!

[9x883]

41 minutes ago, Sovhead said:

Ah you were speculating 👍🏻

You're previous post just said….doesnt matter.

Sorry, I wasn't being clear. Guess we'll see in 7 minutes😂

[Sovhead]

Just now, 9x883 said:

Sorry, I wasn't being clear. Guess we'll see in 7 minutes😂

I thought markets had opened when you posted £1650 🎺 

[9x883]

UK 'prepares for air strikes' on Houthi rebels following Red Sea vessel attacks (inews.co.uk)

[Bars]

2 minutes ago, Sovhead said:

I thought markets had opened when you posted £1650 🎺 

1650 would be nice, but so would @9x883 = £7947!

[Bars]

£1623 open

[9x883]

Still warming up.

We're sailing to the Red Sea

Edited January 1 by 9x883

[Sovhead]

58 minutes ago, Bars said:

£1623 open

Is that speculation or for real?

[Sovhead]

So where are we ?

[BLOOMMAN101]

8 minutes ago, Sovhead said:

So where are we ?

about 1621.47

[HonestMoneyGoldSilver]

£1630/$2076, up roughly 0.5% since open in GBP and 0.42% in USD

Silver up roughly 0.85% in GBP and 1.25% in USD

[Chronos]

The REAL Reason Costco & Walmart Are Selling GOLD & SILVER:

 

[Chronos]

China and Russia have almost completely abandoned the US dollar in bilateral trade:

https://ca.finance.yahoo.com/news/china-russia-almost-completely-abandoned-022700349.html

[iggypop]

Article From FT 

Nothing to worry about? 

Monopoly money swirling around. 
 

Billions of dollars of debt will fall due this year on hundreds of big US office buildings that their owners are likely to struggle to refinance at current interest rates.

There are $117bn of commercial mortgages tied to offices which either need to be repaid or refinanced in 2024, according to data from the Mortgage Bankers Association.

Many of those were taken out a decade ago in an era when interest rates were far lower. Since then, commercial mortgage rates have nearly doubled, while the performance of many buildings has sunk, raising the prospect of billions of dollars of losses for investors.

“It’s going to be a problem to get some of these refinancings done,” said John Duncan, who heads the real estate finance practice at law firm Polsinelli. “We’re seeing deals where even sophisticated borrowers are calling it a day and asking their lenders whether they would like to take the keys.”

Unlike US home loans, commercial mortgages are almost entirely interest- only. That means developers of large properties tend to have low monthly payments, but face a balloon payment equal to the original loan the day the mortgage comes due.

 

The expected losses at this point are on a much smaller scale than during the 2008 housing crisis. But soured loans could cause billions in losses for investors, wipe out some property developers — such as the unravelling of Austrian property owner Signa — and lead to forced sales in the already struggling office market. In December, Signa’s insolvency administrator put the company’s ownership of half of NewYork’s Chrysler Building up for sale in order to raise urgently needed cash.

[17RSB]

3 minutes ago, iggypop said:

Article From FT 

Nothing to worry about? 

Monopoly money swirling around. 
 

Billions of dollars of debt will fall due this year on hundreds of big US office buildings that their owners are likely to struggle to refinance at current interest rates.

There are $117bn of commercial mortgages tied to offices which either need to be repaid or refinanced in 2024, according to data from the Mortgage Bankers Association.

Many of those were taken out a decade ago in an era when interest rates were far lower. Since then, commercial mortgage rates have nearly doubled, while the performance of many buildings has sunk, raising the prospect of billions of dollars of losses for investors.

“It’s going to be a problem to get some of these refinancings done,” said John Duncan, who heads the real estate finance practice at law firm Polsinelli. “We’re seeing deals where even sophisticated borrowers are calling it a day and asking their lenders whether they would like to take the keys.”

Unlike US home loans, commercial mortgages are almost entirely interest- only. That means developers of large properties tend to have low monthly payments, but face a balloon payment equal to the original loan the day the mortgage comes due.

 

The expected losses at this point are on a much smaller scale than during the 2008 housing crisis. But soured loans could cause billions in losses for investors, wipe out some property developers — such as the unravelling of Austrian property owner Signa — and lead to forced sales in the already struggling office market. In December, Signa’s insolvency administrator put the company’s ownership of half of NewYork’s Chrysler Building up for sale in order to raise urgently needed cash.

Interesting insight - would be interesting to know the geographical split of where this would be in the US

[9x883]

Climbing nicely £1637💥💥💥🚀

[BLOOMMAN101]

[jultorsk]

2 hours ago, 17RSB said:

Interesting insight - would be interesting to know the geographical split of where this would be in the US

https://www.ft.com/content/4ed9e5b0-f3de-422a-9a07-a328ebf2340c

 

[Sovhead]

£1639

[Paul]

. . . . . . . weeeeeeeeeeeeeeeeeeeee

and down the snake we go