Gold Monitoring Thread £ GBP only

[Paul]

18 minutes ago, ant1882 said:

£1668

 

4 minutes ago, Thomast said:

Who got the highest screen shot? 
😎

is this good for silver 

( Asking for a friend) 

[Midasfrog]

Is Gold on the rise really ? when premiums are way down 😆

A tube of 25 mixed sovereigns cost £10,128 on the 14/4/2023 

A tube of 25 mixed sovereigns cost £10,125 on the 4/3/2024 almost a year later from the same dealer

[theman73]

9 minutes ago, Midasfrog said:

Is Gold on the rise really ? when premiums are way down 😆

A tube of 25 mixed sovereigns cost £10,128 on the 14/4/2023 

A tube of 25 mixed sovereigns cost £10,125 on the 4/3/2024 almost a year later from the same dealer

The gold brigade will crucify you for such blasphemy, gold is always raising. 

Edited March 4 by theman73

[Midasfrog]

21 minutes ago, Paul said:

 

is this good for silver 

( Asking for a friend) 

The best I could do 💀

[Paul]

We are a funny bunch gold stackers. I remember buying my lowest Oz gold I own. It's was a 1/2oz Aussie gold nugget and I paid £370. General consensus was moan moan moan gold should be £xxxx an Oz by now

Now gold is £xxxx an Oz we moan moan moan, I'm not buying at these ATHs 

I've just always bought consistently every month SOMETHING gold. I've got a much bigger pile of gold accumulations than I would have doing technical analysis waiting to pick lows etc.

Lose the fiat attachment and just buy gold. The more gold grams you got the better 

 

[CANV]

Gold is the marker of real money..   it’s May well be 6 months off the pace..  it may be fecked by money printing , zero interest rates and off balance sheet manipulation… but eventually it’s gets where it’s going..  and that’s a good bit higher    

[danieldorkins]

 

56 minutes ago, CANV said:

Gold is the marker of real money..   it’s May well be 6 months off the pace..  it may be fecked by money printing , zero interest rates and off balance sheet manipulation… but eventually it’s gets where it’s going..  and that’s a good bit higher    

 So what is the real value of gold? ever since I took an interest in owning "real money" all I have seen is it being valued by "fake fiat money" money that is described as worthless i.o.u's, constantly devalued by inflation, QE etc etc so why do we come back to valuing gold this way? spot is now 1666 but given the above what does that actually mean?

So what is the answer according to all the knowledgeable folk bandying around these figures connected to gold, I would realy realy like to know 🤔🤔

[Midasfrog]

1 hour ago, theman73 said:

The gold brigade will crucify you for such blasphemy, gold is always raising. 

I can hear the Hoover starting up now 😁

[ArgentSmith]

15 minutes ago, danieldorkins said:

So what is the real value of gold? ever since I took an interest in owning "real money" all I have seen is it being valued by "fake fiat money"

https://goldbroker.com/charts/ratio/gold/bitcoin

[apachebleu]

17 minutes ago, danieldorkins said:

 

 So what is the real value of gold? ever since I took an interest in owning "real money" all I have seen is it being valued by "fake fiat money" money that is described as worthless i.o.u's, constantly devalued by inflation, QE etc etc so why do we come back to valuing gold this way? spot is now 1666 but given the above what does that actually mean?

So what is the answer according to all the knowledgeable folk bandying around these figures connected to gold, I would realy realy like to know 🤔🤔

 That's actually a good question, ultimately we have to assign a value to it based on what we buy it with and sell it for. I know there are hardcores here that view fiat as fake but I don't subscribe to that.

 Maybe I see it as if the pound fails how many dollars/yuan/euros would your savings get you? If those pounds had been stored in gold you probably haven't lost anything.

[Tn21]

I'm paying more attention to the dealers websites waiting for terms such as "unprecedented demand" and "out of stock"

If we get that, it will be a good insight as to the appetite the UK has for the yellow metal at current all time high prices. 

[m3rlin]

28 minutes ago, danieldorkins said:

 

 So what is the real value of gold? ever since I took an interest in owning "real money" all I have seen is it being valued by "fake fiat money" money that is described as worthless i.o.u's, constantly devalued by inflation, QE etc etc so why do we come back to valuing gold this way? spot is now 1666 but given the above what does that actually mean?

So what is the answer according to all the knowledgeable folk bandying around these figures connected to gold, I would realy realy like to know 🤔🤔

The real value of gold it's the one in the now. The value of everything it's the amount of money people are willing to pay to have that thing. The value of money it's the energy,time and ideas people use and consume to create other goods that are useful for other peoples that again are doing same thing.

As Seykota said: "The price of an ounce of gold never changes. It always sells for exactly an ounce of gold".

[katyc]

53 minutes ago, danieldorkins said:

 

 So what is the real value of gold? ever since I took an interest in owning "real money" all I have seen is it being valued by "fake fiat money" money that is described as worthless i.o.u's, constantly devalued by inflation, QE etc etc so why do we come back to valuing gold this way? spot is now 1666 but given the above what does that actually mean?

So what is the answer according to all the knowledgeable folk bandying around these figures connected to gold, I would realy realy like to know 🤔🤔

I saw something recently stating - adjusting for inflation since 1980 - it should be $3300ish. 

[Dankanugget]

Due to higher demand on some sovereign monarchs I've noticed George's jump by a tenner last week at a bullion dealers website.

[katyc]

https://investinghaven.com/forecasts/3-reasons-why-the-gold-price-breakout-will-continue-to-make-all-time-highs-in-2024/amp/

 

[dicker]

 Back on topic £1666

[GoldDiggerDave]

28 minutes ago, dicker said:

 Back on topic £1666

Back on topic.......And no mention of the BBC licence fee?  

 

[SidS]

44 minutes ago, dicker said:

 Back on topic £1666

Wasn't that the end of the world number? 😉

[dicker]

Gbp1671

 

[MBTPSilver]

Holding onto the gains this morning. My Half Sov from two weeks ago is now in profit too! 🥳

[Orpster]

11 hours ago, Midasfrog said:

Is Gold on the rise really ? when premiums are way down 😆

A tube of 25 mixed sovereigns cost £10,128 on the 14/4/2023 

A tube of 25 mixed sovereigns cost £10,125 on the 4/3/2024 almost a year later from the same dealer

Until yesterday Gold was around the same in March of this and April of last year, so not sure this really indicates anything other that you co-incidentally bought tubes on separate years at a similar spot price

Edited March 5 by Orpster

[9x883]

Mooooooooon!

Wheres Paul?

[danieldorkins]

9 hours ago, m3rlin said:

The real value of gold it's the one in the now. The value of everything it's the amount of money people are willing to pay to have that thing. The value of money it's the energy,time and ideas people use and consume to create other goods that are useful for other peoples that again are doing same thing.

As Seykota said: "The price of an ounce of gold never changes. It always sells for exactly an ounce of gold".

1661 as I type, my reaction was great! then I thought post apocalypse it will be 200 rounds (insert your own figure) of ammo or maybe a sheep, certainly not 1661 bits of paper, I will offer the ammo now subject to FAC. any takers? Meanwhile back into this moment 1663 so 210 rounds offered.

[Zhorro]

10 minutes ago, danieldorkins said:

1661 as I type, my reaction was great! then I thought post apocalypse it will be 200 rounds (insert your own figure) of ammo or maybe a sheep, certainly not 1661 bits of paper, I will offer the ammo now subject to FAC. any takers? Meanwhile back into this moment 1663 so 210 rounds offered.

Now £1,672, but briefly got up to £1,675.

[Paul]

25 minutes ago, 9x883 said:

Mooooooooon!

Wheres Paul?

Pricing up cheap silver