Gold Monitoring Thread £ GBP only

[theman73]

Just now, Stacktastic said:

but the north of the island

Not the same weather

[Stacktastic]

18 minutes ago, theman73 said:

Not the same weather

Yeah defo, we stayed in the mountains on one of our trips there & it was in the clouds 80% of the time.  
Im not really into the sun I prefer the culture (not to mention miles cheaper living & eating costs). 
But its always a short drive if its a bit over cast to anywhere sunny.  

Having said that we went to the beach on the far North side in Feb every evening & it was always lovely. Americas I think?

Edited March 6 by Stacktastic

[theman73]

3 minutes ago, Stacktastic said:

Yeah defo, we stayed in the mountains on one of our trips there & it was in the clouds 80% of the time.  
Im not really into the sun I prefer the culture (not to mention miles cheaper living & eating costs). 
But its always a short drive if its a bit over cast to anywhere sunny.  

Having said that we went to the beach on the far North side in Feb every evening & it was always lovely. Americas I think?

Las Americas, the place where tourism start in the '60

Edited March 6 by theman73

[GoldDiggerDave]

Well I timed my visit to @ChardsCoinandBullionDealer to perfection 😁

[Stacktastic]

19 minutes ago, theman73 said:

Las Americas, the place where tourism start in the '60

Sorry its called Terrasitas near San Andres a very old Guanchan village - right up the north. 

On topic. I sold my gold stock today thinking it would have a pull back. Doh  
I got 5% & it was only a grand so no bother. 

[AuricGoldfinger]

6 hours ago, katyc said:

I firmly believe many small business owners feel the same as me. We may be small but with a typical VAT +Corp tax + employee tax payouts of 100k+ per year (multiplied by millions of business owners) - followed by less jobs available since we are closing down - means the UK is even more doomed. We are (were) the backbone of the economy (around half the jobs I believe).

And to think it was a CONSERVATIVE gov that pushed us out is the most baffling part of it all!

100% this.

Has gold hit £1700 yet

[katyc]

3 minutes ago, AuricGoldfinger said:

100% this.

Has gold hit £1700 yet

Well, the next possible bank collapse I mentioned not long ago is looking even more probable with a drop of nearly 50% over about an hour 😳

[Coverte]

4 hours ago, katyc said:

All this has been going on for a year or two though. Gold is reacting like that's happened just now....

I suspect it's the growing uncertainty now and going forward, banks, governments, all really incl businesses - they all fear and dislike uncertainty;

couple that with many ongoing Gov't treasuries still buying into gold in the hundreds of tons, plus significant private buyers = Gold touched $2150+ briefly today.

If above $2100 becomes assumed to be an established base, we maybe off to the races 👍

[Chronos]

It just came out that Russia bought 1,75 billion of military equipment with 2 tonnes of gold last year.

That is 27.212,5$ for an ounce!

That is no indicator, I know, but I think we are so far away from true price of gold it is just ridicolous ...

[Chronos]

Gold's New High Signals Central Banks Fear Inflation:

https://www.zerohedge.com/markets/golds-new-high-signals-central-banks-fear-inflation

[Earthmetal]

4 minutes ago, Chronos said:

It just came out that Russia bought 1,75 billion of military equipment with 2 tonnes of gold last year.

That is 27.212,5$ for an ounce!

That is no indicator, I know, but I think we are so far away from true price of gold it is just ridicolous ...

You don't say what currency the 1,750,000 (using an American billion) is in, but at 32,150.7ozt per metric tonne, then a mere 27.215 'somethings' per troy ounce.
$27 for an ounce of gold? Nah...
I assume we're not talking of a traditional British Billion, as if so, my calculator hasn't enough digits to work that out.

[Chronos]

12 minutes ago, Earthmetal said:

You don't say what currency the 1,750,000 (using an American billion) is in, but at 32,150.7ozt per metric tonne, then a mere 27.215 'somethings' per troy ounce.
$27 for an ounce of gold? Nah...
I assume we're not talking of a traditional British Billion, as if so, my calculator hasn't enough digits to work that out.

It was USD and it was 27212,5$ per ounce. I just copied the number from the calculator ...

[Earthmetal]

22 minutes ago, Chronos said:

It was USD and it was 27212,5$ per ounce. I just copied the number from the calculator ...

My mistake, I was using 1,750,000 which is 1.75 million of course, not billion. 😧
Yes, the figure would come out at $27,215.58c per ozt.

[Petra]

1 hour ago, Chronos said:

It just came out that Russia bought 1,75 billion of military equipment with 2 tonnes of gold last year.

That is 27.212,5$ for an ounce!

That is no indicator, I know, but I think we are so far away from true price of gold it is just ridicolous ...

Just came out from where🤔😮

[9x883]

closing on 1690?

[Chronos]

5 minutes ago, Petra said:

Just came out from where🤔😮

According to leaked documents:

https://www.telegraph.co.uk/world-news/2024/02/07/russia-paid-billions-gold-bullion-shahed-drones-ukraine-war/

Edited March 6 by Chronos

[James32]

2 minutes ago, 9x883 said:

closing on 1690?

Say swear...

[9x883]

swear

[gji25]

10 hours ago, katyc said:

Poland is a very good contender

You mean Russia

[9x883]

£1700 by close of Friday?🥳🥳🥳🥳🥳🥳

[davejones]

20 minutes ago, Petra said:

Just came out from where🤔😮

How many ounces per drone? XAU/DRO?

[Petra]

32 minutes ago, Chronos said:

According to leaked documents:

https://www.telegraph.co.uk/world-news/2024/02/07/russia-paid-billions-gold-bullion-shahed-drones-ukraine-war/

🤔no surprises here … Iran was hardly going to give the stuff away🤔I’m sure that wherever Russia stores their gold, apart from a couple of empty pallets, they won’t miss a couple of tons😮😁

 

 

[James32]

8 hours ago, MBTPSilver said:

£1,689.02 for today's high (so far). Anything above £1,675 tonight will be the third record close in a row this week. The fact it hasn't dropped even back to say £1,650 is encouraging enough.

£1688 will do just fine..

[Midasfrog]

1 hour ago, 9x883 said:

£1700 by close of Friday?🥳🥳🥳🥳🥳🥳

SNIPER ALERT £1750 🍻

[bobski]

1 hour ago, 9x883 said:

£1700 by close of Friday?🥳🥳🥳🥳🥳🥳

You get the SuperLove