Gold Monitoring Thread £ GBP only

[Paul]

Its below £1950 buy the dip 

[Go65]

Atkinsons £12 under spot to sell a sovereign to them. 
not long ago they were paying a premium. 
Interesting how margins change. 

[Bratnia]

Predicting that gold silver ratio will narrow .... as in the paper-silver and paper-gold ratios

https://usdebtclock.org/gold-precious-metals.html

395.74 times more paper-silver to physical silver; 122.61 times more paper-gold than physical gold; Perhaps narrowing to 200 times more paper-gold than physical gold. Ain't fiat great, where you can just conjure up more money or gold out of thin air ... well at least it is for those that are legally permitted to print/spend.

Edited April 12 by Bratnia

[Gruff]

Just now, Bratnia said:

well at least it is for those that are legally permitted to just print/spend

And that is the crux of this whole BS piece... if we create fake money it's counterfeit and fraud and lengthy jail sentences, for them it is million dollar bonuses 

[Thelonerangershorse]

£1947, the surge is over, crashing back down now.

[Paul]

[Bratnia]

1 minute ago, Gruff said:

And that is the crux of this whole BS piece... if we create fake money it's counterfeit and fraud and lengthy jail sentences, for them it is million dollar bonuses 

Nah! They also set the rules (laws), so its us that end up in jail for not having paid their taxes. Roy Jenkins in 1968 set a tax rate (top tier) of 130%, some had to flight the UK to avoid that confiscation (David Bowie, Rolling Stones ...etc.).

[Sovhead]

Been out since 1:30 just in and seen the price 😳

Absolutely incredulous and not 1 person knows why.

Suggestions it’s Geo-political, rumoured bank crash and or a crashing dollar imo I don’t think it’s any of them.

Can it be a supply and demand thing????? 

[Gruff]

2 minutes ago, Sovhead said:

Been out since 1:30 just in and seen the price 😳

Absolutely incredulous and not 1 person knows why.

Suggestions it’s Geo-political, rumoured bank crash and or a crashing dollar imo I don’t think it’s any of them.

Can it be a supply and demand thing????? 

James placed a buy order earlier...

[Bratnia]

1 minute ago, Sovhead said:

Been out since 1:30 just in and seen the price 😳

Absolutely incredulous and not 1 person knows why.

Suggestions it’s Geo-political, rumoured bank crash and or a crashing dollar imo I don’t think it’s any of them.

Can it be a supply and demand thing????? 

US saying they're going to confiscate 300Bn of Russia owned US Treasurys, Russia buying up 1500 tonnes of gold in return. So IMO yes a supply and demand inflation thing, but also monetary inflation issue.

[Go65]

1 minute ago, Sovhead said:

Been out since 1:30 just in and seen the price 😳

Absolutely incredulous and not 1 person knows why.

Suggestions it’s Geo-political, rumoured bank crash and or a crashing dollar imo I don’t think it’s any of them.

Can it be a supply and demand thing????? 

Don’t know and don’t care. It’s funny when market commentators give reasons and all they’re doing is guessing. Someone knows but they will never tell the general population. It’s far too valuable to hold the need to know reasons a closely guarded secret. 

[Thelonerangershorse]

£1935, down we go...

[Go65]

Just now, Thelonerangershorse said:

£1935, down we go...

For now!

[Gruff]

1 minute ago, Bratnia said:

US saying they're going to confiscate 300Bn of Russia owned US Treasurys, Russia buying up 1500 tonnes of gold in return. So IMO yes a supply and demand inflation thing, but also monetary inflation issue.

I posted on this earlier. Due to this potential confiscation, and the extra gold Russia has bought, plus original holdings, they are up a further $50billion on the $300billion they might lose from confiscation 
US sanctions really hurting the "bad man"  

[9x883]

It'll bounce back. 

[Go65]

Just now, 9x883 said:

It'll bounce back. 

It has been quite a ride😀

[Dalriada83]

12 minutes ago, Bratnia said:

ah! They also set the rules (laws), so its us that end up in jail for not having paid their taxes. Roy Jenkins in 1968 set a tax rate (top tier) of 130%, some had to flight the UK to avoid that confiscation (David Bowie, Rolling Stones ...etc.)

I remember that - as I recall they all ended up living in adjascent Swiss Castles - maybe they met James?

[Bratnia]

6 minutes ago, Gruff said:

I posted on this earlier. Due to this potential confiscation, and the extra gold Russia has bought, plus original holdings, they are up a further $50billion on the $300billion they might lose from confiscation 
US sanctions really hurting the "bad man"  

[Paul]

-£25oz down now - I'm bored

I'm off to the pub 🍻🍺

[BLOOMMAN101]

[Upsidedown]

17 minutes ago, Paul said:

Please fix it

Be careful what you wish for

[Bratnia]

4 minutes ago, Dalriada83 said:

I remember that - as I recall they all ended up living in adjascent Swiss Castles - maybe they met James?

 

Quote

 

You have reached the reaction limit for your member group for the day.

 

[Paul]

2 minutes ago, Upsidedown said:

Please fix it

Be careful what you wish for

You are privileged - Ive got a reaction to use (at last)

[Gruff]

3 minutes ago, Bratnia said:

 

 

Time to hit one times upgradings that is fifty times fasterings on reactions  

[James32]

She's dipping...get out now