Gold Monitoring Thread £ GBP only

[Orpster]

13 minutes ago, Agaupl said:

It hasn’t it’s still the same. .. the USD and other currencies are worth less. Not quite worthless… but getting there. 

The danger would be the emergence of another reserve currency, obviously one not linked to gold.

Should this happen central banks may reduce their gold holdings in favour of this new reserve currency and that has the potential to make Browns bottom look like a picnic in a sunny park if done aggresively.

[Very] unlikely though, we do not even have a candidate......yet

[Agaupl]

7 minutes ago, treetop1280 said:

As it how bad ???? So your paper money is worth less , so everything you need to buy in your life seems expensive , to be honest makes me a bit sad 👎,vast majority of the population , are struggling to pay there mortgage ,  and live day today . , and not everyone can have the luxury of a bit or lot of gold ?? if  gold becomes to expensive, won’t people stop buying it , then won’t it become hard to sell ??!!

And that sir is why people buy gold. Plenty of people have money in savings accounts… more now interest rates are higher. But this is why people buy gold … and othe real assets. Prepare for the melt-up

Edited April 1 by Agaupl

[Agaupl]

2 minutes ago, Orpster said:

The danger would be the emergence of another reserve currency, obviously one not linked to gold.

Should this happen central banks may reduce their gold holdings in favour of this new reserve currency and that has the potential to make Browns bottom look like a picnic in a sunny park if done aggresively.

[Very] unlikely though, we do not even have a candidate......yet

Who knows the future, but I can’t see it in my lifetime. Especially not at the expense of gold. At the expense of usd may be. But I can’t see third nations swapping one paper token for another unless forced to. But from here is gold doesn’t crash down $50-100 pretty swiftly then that’s crazy. Comex is open today 

[SilverDrum]

[treetop1280]

11 minutes ago, Agaupl said:

And that sir is why people buy gold. Plenty of people have money in savings accounts… more now interest rates are higher. But this is why people buy gold … and othe real assets. Prepare for the melt-up

I can only think of two real assets then , ???? Metals ?? Or property ( as long as you own it , and have no mortgage) 

[treetop1280]

26 minutes ago, Agaupl said:

Tbh i know us as gold holders are happy… but changes like this show a great instability. Quite worrying for the wider economy. 

Lol, yep , that’s what I meant 😀👍

[AdamDutton]

Is gold in a short squeeze ? 

Also what will happen if rates don't fall in June which is what the analysts are expecting? Surely that will cause gold to fall on that news in the short-term

[Agaupl]

14 minutes ago, treetop1280 said:

I can only think of two real assets then , ???? Metals ?? Or property ( as long as you own it , and have no mortgage) 

No anything real.. oil, gas, chairs, paper, coco, wool .. everything .. not silver though 🤣🤣(joking joking!)

Edited April 1 by Agaupl

[Bratnia]

17 hours ago, FriedrichVonHayek said:

My old Grandfather always said decimalisation was a con.

decimatilism started in the early 1970's. When coins worth their weight in copper, silver, gold started a transition to where you now work for payment in near worthless pieces of paper/metal.

[Goldmansacks]

All things considered going on in the world and it being an absolute $hit show this precious metal is massively under-priced in my humble opinion but is being suppressed.  

[katyc]

10 minutes ago, AdamDutton said:

Is gold in a short squeeze ? 

Also what will happen if rates don't fall in June which is what the analysts are expecting? Surely that will cause gold to fall on that news in the short-term

I'm not sure when rates will drop, but I think both US and UK will definitely drop before their elections this year as it would play a significant role in their votes.

This would be guaranteed bullish for metals.

"We promised you we'd control inflation (insert further lies here) and we have delivered! So we can now bring rates down..." (or some drivel to that effect!)

Edited April 1 by katyc

[m3rlin]

1 hour ago, SidS said:

What happens though if today's high is yesterday's much higher?

I'm not saying this is the case, but whilst most analysis focuses on the gold prices from 1974-1980 and 2000-2011, there's rarely any mention of 1981-1999. The 90s surely have lessons to teach us also in that markets are cyclic... What goes up can come back down. From our current vantage point that does seem very unlikely of course but it is not impossible.

very good point.

people have short memory. same with nikkei 225 index, it took 30 years or so to break above that high. how many people have are welling to buy each month in an 5-20 years bear market and how many will be still alive to cash out at break even or at a profit? it's all about your entry price, exit price if you are wrong or right and your time- frame.

[theman73]

1 hour ago, treetop1280 said:

Nerd question time ???? , why has gold started to go up in the last couple of weeks ??? 

Casino-like mentality.

They all talk about bets on gold, not supply and demand.

[Bratnia]

3 minutes ago, katyc said:

I'm not sure when rates will drop, but I think both US and UK will definitely drop before their elections this year as it would play a significant rolenin their votes.

"We promised you we'd control inflation (insert further lies here) and we have delivered! So we can now bring rates down..." (or some drivel to that effect!)

Fix the self-induced problem. Sunak as Chancellor wasted 100's billions that induced inflation, that as PM is seeing such unsustainably high inflation reverting downards.

[PapaLazarou]

14 minutes ago, AdamDutton said:

Is gold in a short squeeze ? 

Yes, a long-term short squeeze.

[Bratnia]

7 minutes ago, m3rlin said:

very good point.

people have short memory. same with nikkei 225 index, it took 30 years or so to break above that high. how many people have are welling to buy each month in an 5-20 years bear market and how many will be still alive to cash out at break even or at a profit? it's all about your entry price, exit price if you are wrong or right and your time- frame.

Don't bet on just gold, or stocks alone. 1980 to 1999 and the price of gold halved in nominal terms (more in inflation adjusted terms). 50/50 stock/gold yearly rebalanced saw you end with more than 6 times more ounces  of gold in your safe without having added a single additional penny. Over other periods it swings the other way around, fewer ounces of gold held, more stock share certificates held (such as across the 2000's).

[Bratnia]

7 minutes ago, Bratnia said:

Fix the self-induced problem. Sunak as Chancellor wasted 100's billions that induced inflation, that as PM is seeing such unsustainably high inflation reverting downards.

Same for Sunak saying fewer migrant boats/dinghies reaching British shores - resolved by sending out ships to meet them as they enter UK waters ... achieved "fewer boats"

[Agaupl]

11 minutes ago, theman73 said:

Casino-like mentality.

They all talk about bets on gold, not supply and demand.

On the contrary.. gold is not a speculative asset. 

[Bratnia]

18 minutes ago, Goldmansacks said:

All things considered going on in the world and it being an absolute $hit show this precious metal is massively under-priced in my humble opinion but is being suppressed.  

Don't complain, manipulation that exceeds breaking point results in massive moves. Stocks halve, double quadruples and relatively speaking the person with some gold becomes relatively rich.

[stefffana]

2 minutes ago, Agaupl said:

On the contrary.. gold is not a speculative asset. 

The spot price is a number and it is speculative. Is a bet on trading platforms, the physical gold will not move from vaults.

[m3rlin]

1 hour ago, treetop1280 said:

Nerd question time ???? , why has gold started to go up in the last couple of weeks ??? 

you will receive some good responses here and over internet im very sure, but another one is this: because of people expectations, they believe gold will be worth more in the future. at some point people expectations/believes will change and will affect the price in one way or another and that price again will affect the expectations/believes of people at that point.

you can apply this logic to every asset, every school/course you want to do. for example at some point in your life you decide to go study medicine/law/it because you want to help people and you like that field/job but deep down a small part of you in that time is thinking as well about your future: is this a good job to have in future, will you have plenty of work will be the wage good, will be the reward bigger if you choose the one field that you like more or the one that makes more sense (you see expectations about future)

 

 

[theman73]

9 minutes ago, Agaupl said:

On the contrary.. gold is not a speculative asset. 

Gold, often considered a store of value, has dual characteristics. Let’s delve into this:

1. Investment Perspective:

   • Investing involves allocating capital thoughtfully to assets that generate positive cash flows over time. When analyzing investments, we consider factors like cash flow profiles, risks, competition, management, and macroeconomic conditions.
   • Gold as an Investment: Unfortunately, gold doesn’t fit the investment mold. It produces no income, dividends, or cash flow. Owning an ounce of gold today means you’ll still have an ounce of gold in 10 years. There’s no compounding effect, and holding gold incurs costs for storage and insurance. Even gold funds or ETFs face these costs, albeit bundled with management fees. The only profit potential lies in hoping someone else will pay more for your gold in the future¹.
   • Conclusion: Gold as an investment is pure speculation.

2. Speculation Perspective:

   • Speculating involves buying an asset with the hope that someone else will pay more for it later. Speculative assets rely on predicting the behavior of often irrational individuals.
   • Gold as a Speculative Asset:
     • Gold’s price appreciation hinges on demand—someone wanting it. Since gold lacks projected earnings, its expected return is nil.
     • Gold falls into the speculative category, akin to currencies or collectibles.
   • Conclusion: Gold’s speculative nature makes it distinct from traditional investments²³.

In summary, gold straddles both realms: a store of value and a speculative asset. However, its lack of intrinsic value and reliance on others’ sentiments position it closer to speculation than investment.

 

 

3 minutes ago, stefffana said:

The spot price is a number and it is speculative. Is a bet on trading platforms, the physical gold will not move from vaults.

Thank you.

Edited April 1 by theman73

[HonestMoneyGoldSilver]

56 minutes ago, treetop1280 said:

As it how bad ???? So your paper money is worth less , so everything you need to buy in your life seems expensive , to be honest makes me a bit sad 👎,vast majority of the population , are struggling to pay there mortgage ,  and live day today . , and not everyone can have the luxury of a bit or lot of gold ?? if  gold becomes to expensive, won’t people stop buying it , then won’t it become hard to sell ??!!

It's worse than that. The plan is to slaughter the middle classes and leave only peasants and kings. So the 1g gold will fly off the shelves and the ludicrously priced stuff will fly off the shelves while all the stuff in the middle that the middle classes used to buy will be left on the shelf like a 35 year old blue-haired feminist

[stefffana]

The storm is coming...😂😂😂

[Agaupl]

9 minutes ago, stefffana said:

The spot price is a number and it is speculative. Is a bet on trading platforms, the physical gold will not move from vaults.

If you are a speculator you don’t buy gold.. you buy gold as a hedge. Investors are seeing the need for a hedge.. not a speculative asset. This alongside currency devaluation and central bank buying is driving gold price not speculation. There’s many more lucrative vehicles for that. Silver and platinum may be seen as speculative, crypto, equities definitely. Gold is different.. hence so many people have hated it for so long.