Gold Monitoring Thread £ GBP only

[Richard82]

Spot price means nothing if you can't sell it for that price.

I lean towards how the premium are moving for a better idea how things are selling. Just my opinion. 

[katyc]

1 minute ago, Petra said:

🤔so gold going up ….. are you all planning on selling (or trying to)🤔 or just sit there counting the increase in your stacks value🤔🤔we need a crash so we can carry on buying!😮😮

I have some PMs in a retail business that is held for investment/hedge during difficult times. My sales are stagnant (I sell items that are aimed at working class people - who have it hardest with food and energy prices - hence no disposable income). So I'm looking to sell some PMs while times are quiet (so I can invest in something else that generates income).

But my personal stack is patiently waiting, I intend to hold most long term. I will always sell some along the way to put towards my annual ISA allowance and I'll always have items that I keep purely because I enjoy them (e.g. unusual silver coins or date runs).

I personally think the metals will have a big sell off (e.g. over a 3-6 month period) when the liquidity crisis comes but then a long bull run for years. However, who knows what will happen when governments move the goal posts and can change the global economy with one decision overnight.

[katyc]

The Bank Term Funding Programme ends in USA in March. That would spell disaster for banks. Would they sell their gold as there's no chance of a loan? And will that cause the Gold price to collapse short term? But then a huge recession will starts and gold rockets....

Or they may just extend the programme and kick that can down the road... (wouldn't surprise me)

Edited March 1 by katyc

[katyc]

I don't know much about it, so I may be talking nonsense, but it is certainly something that's prevented contagion so far - so I wonder what will happen when they stop it.

[Chronos]

Low Volatility In Gold Is Calm Before Inflation Storm:

https://www.zerohedge.com/markets/low-volatility-gold-calm-inflation-storm

[MrStacker]

Oh my it’s gone up again. Daaamn. Nice jump within 24 hours. 

Why doesn’t this ever happen beginning of the month? 😭😂

[Spyder]

23 minutes ago, MrStacker said:

Oh my it’s gone up again. Daaamn. Nice jump within 24 hours. 

Why doesn’t this ever happen beginning of the month? 😭😂

If you see a coin you want from members mid month, why not agree to pay them at the end. I have done this many times (as a seller) and even up to two months.  A deposit should be fine.  If some members are not willing, then look for those that are.

[BLOOMMAN101]

[MancunianStacker]

🚀 

[BLOOMMAN101]

Nice recovery

[Paul]

 

up +2% for the week now  

[Paul]

15 minutes ago, MancunianStacker said:

🚀

[BLOOMMAN101]

[Paul]

1 minute ago, BLOOMMAN101 said:

[BLOOMMAN101]

maybe not the right place to post this but somebody might be interested

 

 

https://committees.parliament.uk/committee/158/treasury-committee/news/199797/bank-of-england-has-taken-a-leap-in-the-dark-on-quantitative-tightening-treasury-committee-concludes/

[BLOOMMAN101]

23 hours ago, James32 said:

£1619

One more pound and I break the neighbours windows. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Again.

 

[HonestMoneyGoldSilver]

8 minutes ago, BLOOMMAN101 said:

maybe not the right place to post this but somebody might be interested

 

 

https://committees.parliament.uk/committee/158/treasury-committee/news/199797/bank-of-england-has-taken-a-leap-in-the-dark-on-quantitative-tightening-treasury-committee-concludes/

I like this boring c**p. It's true, it is a leap in the dark and nobody knows what will happen because it's unprecedented. That didn't stop us doing unprecedented things in 1999-2008, 2008-2019, 2020-23 .... 

The BoE and Fed had their pants pulled down by inflation when they claimed it would be inconsequential and "transitory". The BoE hired the big dawg of the last 20 years in central banking - Ben Bernanke - to help them not be so wrong next time. Benny was involved in the USA's total inability to create accurate forecasts and the former Chair and current Secretary of the Treasury, Janet Yellen, is an acolyte of Ben Bernanke. She owes much of her career and her philosophies to Bernanke. Everybody got it wrong and they're now saying the recession in the UK is already over. It must have been "transitory" 😂. To be fair Bernanke is a very serious and credible economist, I quite like him 🤷‍♂️

[PapaLazarou]

8 minutes ago, HonestMoneyGoldSilver said:

Janet Yellen, is an acolyte of Ben Bernanke

She is also mendacious, incompetent and corrupt.

Granted, these are compulsory attributes at the Fed.

Edited March 1 by PapaLazarou

[9x883]

42 minutes ago, Paul said:

£10 to your prediction The afternoon is young!!

[apachebleu]

4 hours ago, Petra said:

🤔so gold going up ….. are you all planning on selling (or trying to)🤔 or just sit there counting the increase in your stacks value🤔🤔we need a crash so we can carry on buying!😮😮

 

 If we have a crash the people that say they won't buy because it's too expensive still won't buy because the price drop will just spook them. We don't need a crash, leave the boom/bust cycles to crypto and stock speculators. 

[ant1882]

£1642!

[HonestMoneyGoldSilver]

5 minutes ago, PapaLazarou said:

She is also a mendacious, incompetent and corrupt.

As opposed to ...?

Anyway gold just hit £1642/$2075 and is flirting with the ATH. I have a strong feeling we will close on Friday with a new ATH

[Paul]

1 minute ago, ant1882 said:

£1642!

8 fiat debt tokens away from my predication yesterday 

[James32]

Just now, Paul said:

8 fiat debt tokens away from my predication yesterday 

You predicted £1634?

[Earthmetal]

1 minute ago, Paul said:

fiat debt tokens

🤣 brilliant.

Can you collect them on cigarette cards to one day buy a small Italian car?