Gold Monitoring Thread £ GBP only

[dicker]

14 minutes ago, MrStacker said:

So I finally got it right. I was hoping for 1705 at closing but we had quite the entertaining few hours this evening! 😁

There are many possibilities but in my opinion I don't think many are buying at present. March is bonus month for a lot of people. It'll be interesting to see if the gold price sustains 1700 at the end of the month.

KING ARTHUR COINS? Da fuq! I dislike that coin with a passion. I guess you were referring to the proof gold king arthur coins? Can't believe they were that popular...

Most expensive 1oz gold coin I purchased from a dealer during lockdown was £1,600 from Bleyer. It was one of the QB coins I was after.

If you are strictly referring to gold bullion 1oz coins your buddy ripped off the masses. 😂

I feel a slamdunk happening mid week next week. Going back to mid 1600 levels.

Not only bonus payment time but also HMRC tax refund season.  They take time to repay after Self Assessment. 

 

[Midasfrog]

A tube of 25 mixed Sovereigns are cheaper today than they were a year ago 🍻

14/4/23 £10,128 and todays price £10,097 

Selling your gold stack and dumping it into crypto for the past year then buying back into gold would have been a good option 

BUT 

[Bars]

1 minute ago, Midasfrog said:

A tube of 25 mixed Sovereigns are cheaper today than they were a year ago 🍻

14/4/23 £10,128 and todays price £10,097 

Selling your gold stack and dumping it into crypto for the past year then buying back into gold would have been a good option 

BUT 

Premium with dealers and on forum were quite high, but i suppose when it hit highs then it was new territory.

[Coverte]

26 minutes ago, Bars said:

Premium with dealers and on forum were quite high, but i suppose when it hit highs then it was new territory.

Very true and on the flip side of the coin (no pun intended) there were very good buying opportunities during the sub £1500 dips in July and August when some dumped coins at spot and even below.

Happy days for any of those still in peoples collections and those who bought BTC alike 👍

Not worried about breaking £1700 today due to currency distortions, it's about keeping over the $2100 level now $2000 maybe behind us which will dictate the direction of travel in the forthcoming weeks and months IMO.

[Smiler999]

4 hours ago, James32 said:

On a serious note, congratulations everyone ( both big and small stackers ) it's great to see, irrespective of where it goes next. Justification that we are on the right road at least.

What do you call a small and big stack, so I know which camp I'm in lol

[James32]

1 minute ago, Smiler999 said:

What do you call a small and big stack, so I know which camp I'm in lol

Doesn't matter as we're all winning.

[Upsidedown]

1 hour ago, Midasfrog said:

A tube of 25 mixed Sovereigns are cheaper today than they were a year ago 🍻

14/4/23 £10,128 and todays price £10,097 

Selling your gold stack and dumping it into crypto for the past year then buying back into gold would have been a good option 

BUT 

I hope bitcoin crashes to £400

[Upsidedown]

7 minutes ago, Smiler999 said:

What do you call a small and big stack, so I know which camp I'm in lol

James has a big stack

Everyone else has a small stack

[9x883]

£1695 nice close for the week👌

[Smiler999]

Just now, Upsidedown said:

James has a big stack

Everyone else has a small stack

Seamus Mulgroo aka Dyson

[ZRPMs]

15 minutes ago, Smiler999 said:

What do you call a small and big stack, so I know which camp I'm in lol

Any thing Stack over 3 inches tall is considered a big stack

[Upsidedown]

3 minutes ago, ZRPMs said:

over 3 inches tall is considered a big stack

In that case, mine is very small

[Midasfrog]

21 minutes ago, Smiler999 said:

What do you call a small and big stack, so I know which camp I'm in lol

Size doesn't matter start with something that will suck up 1/40z Britania's and go from there 

[ArgentSmith]

Bitter sweet for me this price spike, had a double eagle on here 2.5% below spot, no interest. HGM paying that but hurts giving dealers the spread. With Bitcoin you can sell closer to spot at the touch of a button if you were that way inclined.

[Midasfrog]

35 minutes ago, Upsidedown said:

I hope bitcoin crashes to £40,000

My Cousin can't take a loss like that 😆

[Upsidedown]

35 minutes ago, Midasfrog said:

Size doesn't matter start with something that will suck up 1/40z Britania's and go from there 

Wrong name

[Dalriada83]

49 minutes ago, ZRPMs said:

Any thing Stack over 3 inches tall is considered a big stack

With or without capsules?

[gji25]

4 hours ago, MrStacker said:

There are many possibilities but in my opinion I don't think many are buying at present. March is bonus month for a lot of people. It'll be interesting to see if the gold price sustains 1700 at the end of the month.

it could possibly be £1800 by the end of the month and £1700 would seem cheap

[ArgentSmith]

Retail isn't driving the price trust me 🤣

[Spyder]

2 hours ago, Smiler999 said:

What do you call a small and big stack, so I know which camp I'm in lol

You know the saying, if you have to ask, then you are in the small stack camp

[Upsidedown]

3 minutes ago, ArgentSmith said:

Retail isn't driving the price trust me 🤣

@James32 bought 47 tonnes today, might have a little impact, no?

[ArgentSmith]

13 minutes ago, Upsidedown said:

@James32 bought 47 tonnes today, might have a little impact, no?

He'll be selling it next week, the market knows this so 🤷‍♂️

[gji25]

1 hour ago, ArgentSmith said:

Retail isn't driving the price trust me 🤣

Thats correct. People are waking up to the paper ( deriatives) market and know they will never take delivery of physical as pointed out here.

 

[Agaupl]

Next week🤣

[HonestMoneyGoldSilver]

15 hours ago, ArgentSmith said:

Bitter sweet for me this price spike, had a double eagle on here 2.5% below spot, no interest. HGM paying that but hurts giving dealers the spread. With Bitcoin you can sell closer to spot at the touch of a button if you were that way inclined.

This is the GOLD thread my friend. When you sell GOLD of the CGT-exempt variety, you don't have to declare anything to anybody, zero taxes are due. When you sell BTC to someone you are legally obliged to record that transaction and the P/L in your tax self-assessment, which you have to fill in every year. With GOLD if you are in the same room as me I can just chuck it at you and job done. If we are in the same room and you want to send me BTC you have to pay the gas fees and/or wait longer than the average RMSD delivery time

BTC isn't a currency and it's never been money. If you want MONEY then you buy GOLD and SILVER, everything else is credit or magic internet money

Key point: With BTC you must declare both yourself and your trading partner to HMRC every 12 months and pay CGT or income tax depending on the nature of the transactions. What an absolute nightmare. You rely on the network, on connectivity, that you don't make a mistake and send your coins to Mars or North Korea, and your privacy is totally invaded.