Gold Monitoring Thread £ GBP only

[James32]

1 minute ago, MrStacker said:

I reckon you'll be right. Probably even middle of next week.

The rip off dealers are already selling 1oz gold coins for 1900+

You might be lucky and come across a listing for a battered gold krugerrand 1oz for around 1600. Would love to have it go down to 1500s for short period of time but that's wishful thinkning lol.

CGT only from now on. 💯

Here's the thing though and I've watched this over and over. If gold drops to £1500 on Monday ( which it won't) 95% of the members on here will wet themselves and still not buy. People talk about backing up trucks but in reality they s*** their pants and think it will keep dropping, then miss the dip altogether,.

Buy little and often, then you will hit every dip there is. Today's high will eventually be tomorrow's low.

[OakHeart]

Having lurked for quite some time on these forums, and having been around the block once or twice if I say so myself, I do have to say that this is starting to feel rather like a bubble. Metals are not supposed to behave like crypto, they have a much more of a heritage 🤣

I strongly suspect - and as has been pointed out by others here - that this is partly the pricing-in of a chance of future geopolitical volatility, but also the bandwaggonism of speculators jumping on the roller coaster. 

 

Edited April 5 by OakHeart

[MrStacker]

2 minutes ago, James32 said:

Here's the thing though and I've watched this over and over. If gold drops to £1500 on Monday ( which it won't) 95% of the members on here will wet themselves and still not buy. People talk about backing up trucks but in reality they s*** their pants and think it will keep dropping, then miss the dip altogether,.

Buy little and often, then you will hit every dip there is. Today's high will eventually be tomorrow's low.

Very true. I don't worry too much about the rise or dips. I use too when I was a newbie but I just have fun with it now. We would all love to have a bit of control over the timing but you just never know. Long term game it won't matter. I guess the FOMO and panic kicks in which leads to such behaviour then waiting for the trigger moment aaaaaand they miss it. 🤣

 

[katyc]

Speaking of swapping to CGT free, I swapped a 20g bar +£120 for 3 sovs (a dealer friend) last week. He was up about a tenner. I've got 3 CGT free sovs. Both happy.

Bought the bar at an amazing price originally so was all worth it.

[9x883]

20 minutes ago, James32 said:

Here's the thing though and I've watched this over and over. If gold drops to £1500 on Monday ( which it won't) 95% of the members on here will wet themselves and still not buy. People talk about backing up trucks but in reality they s*** their pants and think it will keep dropping, then miss the dip altogether,.

Buy little and often, then you will hit every dip there is. Today's high will eventually be tomorrow's low.

Yep. Wait, wait, wait before you know it the 'dip' has past you by. This ain't last summer. Up up up for the comming months and beyond!! The current price is long overdue and not even close to where it's heading🚀

[NGMD]

29 minutes ago, James32 said:

Here's the thing though and I've watched this over and over. If gold drops to £1500 on Monday ( which it won't) 95% of the members on here will wet themselves and still not buy. People talk about backing up trucks but in reality they s*** their pants and think it will keep dropping, then miss the dip altogether,.

Buy little and often, then you will hit every dip there is. Today's high will eventually be tomorrow's low.

No idea what that means, but Copper yeah? Same colour(ish)

[jackflash123]

2 minutes ago, 9x883 said:

Yep. Wait, wait, wait before you know it the 'dip' has past you by. This ain't last summer. Up up up for the comming months and beyond!! The current price is long overdue and not even close to where it's heading🚀

Agree 100% with your comments on the future price of gold being much higher than today. This commodity is going to continue to rise in value in my opinion, to the point where the common man will find it increasingly difficult to purchase.

Anyone who gets into gold ownership now, will absolutely see big returns in the future. As has been mentioned by other members of the forum, the smart play is to buy little and often, as much as you can afford without leaving yourself penniless.

Your future self will thank you!

[Xander]

9 minutes ago, NGMD said:

No idea what that means, but Copper yeah? Same colour(ish

Sell the copper to the Royal Mint to put in their Gold Sovereigns. 

[treetop1280]

43 minutes ago, James32 said:

Here's the thing though and I've watched this over and over. If gold drops to £1500 on Monday ( which it won't) 95% of the members on here will wet themselves and still not buy. People talk about backing up trucks but in reality they s*** their pants and think it will keep dropping, then miss the dip altogether,.

Buy little and often, then you will hit every dip there is. Today's high will eventually be tomorrow's low.

Wow??? Not like you  to give sound financial advice to others????  “ you must be on the drink again??? and the truth will out  when we have had a drink  ??? so you do have  a heart , after all ??😀👍

[gkoogk]

Most dealers offer their scrap price by what  it is by noon...but today it shot up after noon...watch the price they offer on monday :}

[apachebleu]

1 hour ago, James32 said:

Here's the thing though and I've watched this over and over. If gold drops to £1500 on Monday ( which it won't) 95% of the members on here will wet themselves and still not buy. People talk about backing up trucks but in reality they s*** their pants and think it will keep dropping, then miss the dip altogether,.

Buy little and often, then you will hit every dip there is. Today's high will eventually be tomorrow's low.

 Absolutely, it's a long term asset you stack up over a lifetime or for a rainy day. I cringe when I see 'buy the dip' and 'wish it would drop more so I can buy', we're not day traders moving tons and getting rich on small percentages, well maybe one or two exceptions. 

 That said if gold keeps going like this and the general public catch on I fear forums like this will be over run with speculators and this will look like a crypto forum. 

 

[Bratnia]

1 hour ago, James32 said:

Here's the thing though and I've watched this over and over. If gold drops to £1500 on Monday ( which it won't) 95% of the members on here will wet themselves and still not buy. People talk about backing up trucks but in reality they s*** their pants and think it will keep dropping, then miss the dip altogether,.

Buy little and often, then you will hit every dip there is. Today's high will eventually be tomorrow's low.

New fiscal year, where over the last year US stocks are up +28%, gold up +11%, so some profit taking out of stocks using the new years CGT allowance (all £3K of it !) to add to gold. 7% fewer stock shares, 7% more ounces of gold.

[Foster88]

6 hours ago, JamesH said:

Good for you. Often think there’s too much focus on accumulation with no desire to ever spend any of it. Never hurts to enjoy a little on the way up 👍🏼

Wise words.

We take none of this with us.

We’re merely custodians.

[Gruff]

7 hours ago, Roy said:

I'll be honest, I don't like this new all-time-high.

I was much more comfortable buying at £1500-£1600.

Would anyone like to sell me an ounce for £1550? 

Go on, I'll be your best friend 😊

Postage will be £310, is that ok?

[Gruff]

6 hours ago, jackflash123 said:

Agree 100% with your comments on the future price of gold being much higher than today. This commodity is going to continue to rise in value in my opinion, to the point where the common man will find it increasingly difficult to purchase.

Anyone who gets into gold ownership now, will absolutely see big returns in the future. As has been mentioned by other members of the forum, the smart play is to buy little and often, as much as you can afford without leaving yourself penniless.

Your future self will thank you!

It's not about gold making us rich, but rather wealth preservation against the inflated away FIAT currency. Plenty prime examples out there scattered throughout history and also in very recent times.
Weimar republic
Zimbabwe
and more recently:
Turkey
Argentina 
Venzuela

All have had steep inflation curves (read that as currency debasement curves) 

[Paul]

9 hours ago, AndrewSL76 said:

This thread is like a really confusing auction.

It like a RM silent auction, very vocal Indeed 

[Paul]

Whys gold not going up like it should??

The graph has flat lined, has it died ?? 

[Gruff]

7 minutes ago, Paul said:

Whys gold not going up like it should??

The graph has flat lined, has it died ?? 

Yep, the government forgot to pay the 'leccy bill

[AndrewSL76]

8 minutes ago, Paul said:

Whys gold not going up like it should??

The graph has flat lined, has it died ?? 

It’s taking a breather. Having a pint. Looking down at Silver and giggling. 

[Agaupl]

44 minutes ago, Paul said:

Whys gold not going up like it should??

The graph has flat lined, has it died ?? 

The guy that draws the lines on the charts has been given the weekend off. They’ve got a temp in to cover and they don’t know the new rules. 

Edited April 6 by Agaupl

[SidS]

10 hours ago, stefffana said:

To the box of shame with you!

Hey get outta here, there's not enough room for two of us. 😄

[Bratnia]

9 hours ago, apachebleu said:

 Absolutely, it's a long term asset you stack up over a lifetime or for a rainy day. I cringe when I see 'buy the dip' and 'wish it would drop more so I can buy'

Using data from https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=4Pzn6ObSKO3ZlATV5lX0v2

50/50 yearly rebalanced stock/gold would at times have seen you accumulating more ounces of gold, fewer stock shares, at other times accumulating more stock shares, less ounces of gold

1980/1990's and you ended up with more than 7 times more ounces of gold without having added a additional penny in savings (stocks did well, gold poorly). In the 2000's you were selling down ounces of gold to buy more stock shares (as stocks suffered from the dot.com bubble burst and then the 2008 financial crisis). For the last year stocks have out-run gold, so a yearly rebalance would have you selling some shares to buy more ounces of gold - could be considered as a 'dip' (across 2023 stocks gained 26%, gold rose 13%). A simple 'mechanical' trading method ... that works OK and avoids having to guess whether the present price level is a high or low.

The above chart shows only the value of the portfolios gold half, the red value line (in US$) however would be the exact same for the stock half, but the number of shares held line tends to be a mirror reflection (opposite) of the ounces of gold held line.

What matters more for most, is the red line progression.

[dicker]

12 hours ago, James32 said:

Here's the thing though and I've watched this over and over. If gold drops to £1500 on Monday ( which it won't) 95% of the members on here will wet themselves and still not buy. People talk about backing up trucks but in reality they s*** their pants and think it will keep dropping, then miss the dip altogether,.

Buy little and often, then you will hit every dip there is. Today's high will eventually be tomorrow's low.

Bang on.  Cost price averaging works and is my advice to anyone.  

[Spyder]

14 hours ago, Stacktastic said:

Its long term learning for me & more of a hobby to be honest. By the time I am 70 I will be Warren Buffet!! 😛  

Hopefully for your sake not, as I be guessing Warren Buffet would have been dead for a long time

[ant1882]

£1843 and I just picked up my first half sovereign for £235, 1908 London mint.

A half is more appealing to me these days, knocking around £450 for a full sovereign now.