Gold Monitoring Thread £ GBP only

[dicker]

Just now, Roy said:

If you had £1000 sat on the sidelines, would you buy gold, silver or keep in cash?

Gold

[silversky]

The chart in USD is just smashing it's way up.  If I were short I'd be bricking it right now.  If it gets up above the all time high, the stops are all going to get taken out and fuel another boost upwards.  After the news yesterday, all the shorts will be with stops just outside the ATH.  Dangerous.....  Crazy action in such a big liquid market during fully open trading hours.

[Go65]

3 minutes ago, Roy said:

If you had £1000 sat on the sidelines, would you buy gold, silver or keep in cash?

Cash and to the shop for champagne!

[dicker]

Just now, dicker said:

Gold

Silver has always been the equivalent of buying an Alpha Romeo.  

Looks good when you first get it.  

Tarnishes badly 

Performs less well than advertised

 

[OakHeart]

2 minutes ago, Roy said:

If you had £1000 sat on the sidelines, would you buy gold, silver or keep in cash?

I'd buy waffles. 

Failing that, silver. There's more leverage in a price rise. 

[pricha]

Is anyone going to sleep tonight?

[modofantasma]

5 hours ago, Prophecy said:

Finally, the cufflinks I bought in here 4 years ago are break even. HA

Good job they weren't silver 😏

[modofantasma]

1 minute ago, pricha said:

Is anyone going to sleep tonight?

Like a baby 

[Sovhead]

1 minute ago, modofantasma said:

Like a baby 

Reported.

[Go65]

Just now, modofantasma said:

Like a baby 

Cosseted in a golden feather down quilt attended by nubile golden concubine… 

[silversky]

8 minutes ago, Roy said:

If you had £1000 sat on the sidelines, would you buy gold, silver or keep in cash?

Wait and do nothing.  When this tops it's going to whiplash back down at first.  Only after that would I consider buying if it seemed settled again without big downside risk.  And maybe Silver if I was in the USA...  Much ore upside still to play for there.

[Go65]

Just now, silversky said:

Wait and do nothing.  When this tops it's going to whiplash back down at first.  Only after that would I consider buying if it seemed settled again without big downside risk.  And maybe Silver if I was in the USA...  Much ore upside still to play for there.

Once again. Bah humbug!

[Paul]

11 minutes ago, Roy said:

If you had £1000 sat on the sidelines, would you buy gold, silver or keep in cash?

Hookers and lines of sniff. Waste the rest

[silversky]

7 minutes ago, pricha said:

Is anyone going to sleep tonight?

Monitoring with beers.... just to make a change from the daytime monitoring.  

[Go65]

1 minute ago, Paul said:

Hookers and lines of sniff. Waste the rest

And that’s the reason my name ain’t James

[Paul]

13 minutes ago, Roy said:

If you had £1000 sat on the sidelines, would you buy gold, silver or keep in cash?

Sadly I can't supply you with multiple £90 1/10s Krugerrands like days gone by @Roy

[James32]

12 minutes ago, Roy said:

If you had £1000 sat on the sidelines, would you buy gold, silver or keep in cash?

Honestly...

Put up a wanted ad for the most ozs of silver ( for a £1k spend) that £1k will be very much appreciated right now to someone and you will most certainly get more ozs than just randomly buying from vendors. 

[Roy]

Just now, Paul said:

Sadly I can't supply you with multiple £90 1/10s Krugerrands like days gone by @Roy

Those were the days my friend!

😊

[James32]

1 minute ago, Go65 said:

And that’s the reason my name ain’t James

Don't knock it till you try it.

[Go65]

Just now, James32 said:

Don't knock it till you try it.

Now THAT phrase has got me into some right pickles!

[Roy]

2 minutes ago, James32 said:

Honestly...

Put up a wanted ad for the most ozs of silver ( for a £1k spend) that £1k will be very much appreciated right now to someone and you will most certainly get more ozs than just randomly buying from vendors. 

You've a good heart James.

But, I'm not buying physical silver again!

[dicker]

8 minutes ago, Sovhead said:

Reported.

Bigger grass than James

[James32]

1 minute ago, dicker said:

Bigger grass than James

Double reported 

[silversky]

£1882.75 the high now.  Seems relentless.

[Bratnia]

12 minutes ago, Gruff said:

You are correct, however the US still does export some of it's inflation. By destroying the Euro and the Pound, we are still forced to buy dollars as it is the best of a sh*t pile. But it won't last, but they will have support for longer than we think. But as the saying goes... "slowly at first, then all at once"

All roads seem to lead to war, together with prohibition (battle for physical gold). Not much fun having buried gold that cannot be sold or moved out of the country. The combined population of the 'West' is just 12.5% of the global population. Both Biden and Trump are alienating Europe (Biden despises Brits), such that the West could easily drop to being just the US and Canada, less than 5% of the global population, with the rest of the world having adopted a "there are alternatives to the dollar" instead of the US's trust in TINA (there is not alternative).

Present day Open Prison policies, where the state knows where all your wealth is, has facial recognition, can listen/watch all your calls/internet, track all your movements ...etc. and gives more rights to migrants over that of its own is a grave concern. Locks us all firmly into that prison. Physical gold held abroad seems a appropriate choice, but then that induces counter-party risks.