Gold Monitoring Thread £ GBP only

[stefffana]

Just now, Brit2023 said:

Intruder alert……word SILVER being used.

 

[Agaupl]

3 minutes ago, FriedrichVonHayek said:

The West owns debt and the Russians have no significant debt and vast resources.

The Chinese have a decent amount of debt but I would imagine they have vast amounts of Gold.

Who do you think is in the better financial position?

West has assets too… just is unwilling to exploit them. They prefer to buy from elsewhere to keep their hands green. Very short life on this. 

[Paul]

Keep it civil here guys, no swearing in this thread using such foul language 🤬 like the S word 

 

[gji25]

22 minutes ago, Spyder said:

Turkey has also been a major buyer. Canada the country that is run by an idiot sold off all it's gold a few years ago.

When was Gordon brown president of Canada

[Bratnia]

18 minutes ago, Agaupl said:

so I go back to the point … gold is a store of value. The reason people see it as speculative is because they think a paper token is the immovable (asset) object not the deflating liability.  

Since 1896, log linear regressions (log scaled exponential trend line slopes) relative to 50/50 Stock/Precious Metals ...

Consumer prices -4.8%
House Prices -2.7% annualised
Hard Pounds -9.1%
UK stock (price only) -4.2%
US stocks -2.6%
Cash deposit (T-Bills) -3.7%

I see gold and broad stock index accumulation funds as 'notes' that I keep in my (e)wallet. Pounds are just the common exchange/barter currency, that typically takes T+2 time to convert some into from stocks/gold.  Buy a £200 xmas gift and should I pay for that using gold notes or stock notes, will typically be decided by whatever of those two notes is the more highly valued at the time in terms of Pounds. No need to rush to spend those notes, as its not like Pounds that will are inclined to be worth less next year. Indeed the longer held and the more those stock/gold notes tends to buy.

Those that prefer Pounds, typically have to "deposit" them to hopefully negate the tendency for the value to decline. Where cash deposits in return for interest are a loan to that bank, becomes the banks money, where they get to set the terms and conditions and rates of interest and in the case of government bonds (Gilts) they can also direct the taxation and debasement rates (such as via printing/spending more Pounds that benefits the printer, at the expense of all other Pound notes in circulation that are devalued a little (or a lot when many new Pounds are printed/spent).

Edited April 1 by Bratnia

[BLOOMMAN101]

[Paul]

Do the peasants not have their own thread somewhere here to discuss their bartering of their chickens for tins of beans or silver coins ?? 

 

Edited April 1 by Paul

[Agaupl]

29 minutes ago, stefffana said:

He is the one who is the most vocal about silver's price manipulation, not only about gold...😂😂😂

And he is right, both metals are heavily manipulated.

 

Everyone knows they are… but silver much much more. I hold both. If silver moon shoted I’d be very happy. It platinum reacted good parity I’d be in the Caribbean ! I don’t get the residual profit thing. This is the cost of buying and selling anything no?

[SidS]

5 minutes ago, Agaupl said:

West has assets too… just is unwilling to exploit them. They prefer to buy from elsewhere to keep their hands green. Very short life on this. 

Plenty of coal.

[Paul]

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.

[Agaupl]

7 minutes ago, Bratnia said:

Since 1896, log linear regressions (log scaled exponential trend line slopes) relative to 50/50 Stock/Precious Metals ...

Consumer prices -4.8%
House Prices -2.7% annualised
Hard Pounds -9.1%
UK stock (price only) -4.2%
US stocks -2.6%
Cash deposit (T-Bills) -3.7%

I see gold and broad stock index accumulation funds as 'notes' that I keep in my (e)wallet. Pounds are just the common exchange/barter currency, that typically takes T+2 time to convert some into from stocks/gold.  Buy a £200 xmas gift and should I pay for that using gold notes or stock notes, will typically be decided by whatever of those two notes is the more highly valued at the time in terms of Pounds. No need to rush to spend those notes, as its not like Pounds that will are inclined to be worth less next year. Indeed the longer held and the more those stock/gold notes tends to buy.

Those that prefer Pounds, typically have to "deposit" them to hopefully negate the tendency for the value to decline. Where cash deposits in return for interest are a loan to that bank, becomes the banks money, where they get to set the terms and conditions and rates of interest and in the case of government bonds (Gilts) they can also direct the taxation and debasement rates (such as via printing/spending more Pounds that benefits the printer, at the expense of all other Pound notes in circulation that are devalued a little (or a lot when many new Pounds are printed/spent).

This is exactly how I work too. I also ‘hold gold’ for exchange in three different currencies to liquidate depending in which is best at that time where the ‘barter currency’ as you say is needed. 

5 minutes ago, SidS said:

Plenty of coal.

And oil 

[Bratnia]

12 minutes ago, gji25 said:

But they dont have 8000 tonnes of gold

https://usdebtclock.org/gold-precious-metals.html indicates 122 times more paper gold than physical gold, those who hold actual physical gold are far better placed than those that hold paper gold (derivatives). Whilst the US have issued considerable amounts of paper gold so could be said to not be the owners, push come to shove and as it holds the physical gold ... those arguing that instead it is they that should own the gold will be in a weaker position.

If it came to that then anyone holding physical gold would be far far better placed. Countering that however is that there's extreme need to avoid things ever getting that bad and as such is most unlikely to occur.

[Agaupl]

3 minutes ago, Bratnia said:

https://usdebtclock.org/gold-precious-metals.html indicates 122 times more paper gold than physical gold, those who hold actual physical gold are far better placed than those that hold paper gold (derivatives). Whilst the US have issued considerable amounts of paper gold so could be said to not be the owners, push come to shove and as it holds the physical gold ... those arguing that instead it is they that should own the gold will be in a weaker position.

If it came to that then anyone holding physical gold would be far far better placed. Countering that however is that there's extreme need to avoid things ever getting that bad and as such is most unlikely to occur.

And Ag:paper at the moment? … tbh I’m a gold bug but cheap $ilber is a buy atm for me. The lag is a gift 

Edited April 1 by Agaupl

[Orpster]

1 hour ago, Agaupl said:

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 

I would expect any emerging candidate to be digital rather than paper, but I agree

[Agaupl]

Just now, Orpster said:

I would expect any emerging candidate to be digital rather than paper, but I agree

IF it happens imvho it will be attached to a huge crisis situation. So for that alone I’m not looking forward to to. 

[Bratnia]

9 minutes ago, Paul said:

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.

I've never read any of Norm Franz's books. Would you recommend any?

[James32]

£1786

[Agaupl]

Just now, James32 said:

£1786

Sell it all 

[James32]

1 minute ago, Agaupl said:

Sell it all 

You sure? OK I will.

[Paul]

2 minutes ago, Bratnia said:

I've never read any of Norm Franz's books. Would you recommend any?

[theman73]

17 minutes ago, BLOOMMAN101 said:

 

https://silverprice.org/silver-price.html have the GBP option

 

 

 

[Agaupl]

2 minutes ago, James32 said:

You sure? OK I will.

I’m touched you’d listen…🤣

[Paul]

4 minutes ago, Bratnia said:

I've never read any of Norm Franz's books. Would you recommend any?

What's your favourite Beatles album? @Bratnia

 

[Agaupl]

2 minutes ago, theman73 said:

 

https://silverprice.org/silver-price.html have the GBP option

 

 

 

It’s like invading Poland posting that here🤣 … but yeah silver pops from here imvho. Could be explosive. Like cat in a microwave explosive 

[Chronos]

Gold's Wild Surge: Mastering the Long:

https://archive.is/JwRMe