Gold Monitoring Thread £ GBP only

[Bratnia]

2 minutes ago, Happypanda88 said:

Forget about paper gold, take advice from Olivia.

 

 

Body talk

[Bratnia]

3 minutes ago, MrStacker said:

I reckon tt will go straight to 1950 by monday afternoon. By mid wednesday afternoon we could see it break over £2000. With everything going on I cannot see it slow down. Lot's of stackers will be adjusting their approach this year. Even aiming for x1 full gold sovereign might end up being unaffordable per a month.

Build/queue up paper-gold until you have enough and spreads are appealing enough to move that over to physical. Often there's a couple of percent or more difference between 1oz coins and Sov's/fractionals.

[Go65]

19 minutes ago, MrStacker said:

Even aiming for x1 full gold sovereign might end up being unaffordable per a month.

It is now! 

[MickB]

2 minutes ago, Go65 said:

It is now! 

You could always go for platinum that's roughly now at February 2016 gold price 😁

[DisplayName]

6 minutes ago, MickB said:

You could always go for platinum that's roughly now at February 2016 gold price 😁

Premiums and vat though 🥲

[MickB]

Just now, DisplayName said:

Premiums and vat though 🥲

Value of it all goes up in the end. Just pretend it's gold😁👍

[DisplayName]

2 minutes ago, MickB said:

Value of it all goes up in the end. Just pretend it's gold😁👍

But the premiums on gold without vat are so much better 🪙 it's just not the same when considering value ☺️

[Lyrinn]

3 hours ago, stefffana said:

The old Bully's humour is coming back! It's a good sign, mate!🤗

Bert, the old, venerable and honourable member from Herefordshire is the emotional support animal for the Gold Monitoring Thread, who has been able to predict the price of gold correctly on one occasion (citation and source required).

The rest of the time, well... maybe he should be with the rest of us reprobates.

 

[MickB]

1 minute ago, DisplayName said:

But the premiums on gold without vat are so much better 🪙 it's just not the same when considering value ☺️

You can't go wrong with precious metals either way. Gold goes up but is unaffordable and platinum is cheap and affordable. At one time not long ago platinum was dearer than gold. It may go back that way one day. Best to hold it than not.

[DisplayName]

3 minutes ago, MickB said:

You can't go wrong with precious metals either way. Gold goes up but is unaffordable and platinum is cheap and affordable. At one time not long ago platinum was dearer than gold. It may go back that way one day. Best to hold it than not.

I agree, don't get me wrong. But if the questions is - what PM to spend £2000 on now - would it be platinum?

[MickB]

3 minutes ago, DisplayName said:

I agree, don't get me wrong. But if the questions is - what PM to spend £2000 on now - would it be platinum?

For £60 more you can buy 2 oz of platinum qb coins or for £100 less one gold 1oz Britannia. It's always up to the individual. 

[James32]

6 minutes ago, DisplayName said:

I agree, don't get me wrong. But if the questions is - what PM to spend £2000 on now - would it be platinum?

4 nice sovs and 1/10th gold brit, stick change into a PM savings account and go again when you save more.

[stefffana]

6 minutes ago, DisplayName said:

I agree, don't get me wrong. But if the questions is - what PM to spend £2000 on now - would it be platinum?

Platinum is too risky in my opinion. 

80-82oz of silver or 1oz gold and some beers with your leftovers.

[MickB]

Just now, stefffana said:

Platinum is too risky in my opinion. 

80-82oz of silver or 1oz gold and some beers with your leftovers.

Where's your sense of adventure?😄

[MrStacker]

36 minutes ago, Go65 said:

It is now! 

I feel your pain! 🥹

51 minutes ago, Bratnia said:

Build/queue up paper-gold until you have enough and spreads are appealing enough to move that over to physical. Often there's a couple of percent or more difference between 1oz coins and Sov's/fractionals.

I see what you mean but I’ve never had an interest in paper gold or ETFs. 

Always and only physical for me. 
 

[stefffana]

Just now, MickB said:

Where's your sense of adventure?😄

I walk on the streets sometimes after midnight. 😊

[James32]

Just now, MickB said:

Where's your sense of adventure?😄

He was jailed the last time his senses where let loose.

[Gruff]

4 hours ago, HerefordBullyun said:

Oi less of the old!

Welcome back whippersnapper!  

[Go65]

Error

 

Edited April 14 by Go65
Error

[Gruff]

 

 

[ChrisSilver]

Hidden last two non related posts. Please do use the hangout topic for general random images rather than the Gold Monitoring thread  

[Bratnia]

1 hour ago, Gruff said:

 

Even when on the gold standard periodic upward revisions occurred. No different nowadays excepting the 'peg' is a channel range, and its easier to revise the price of gold into alignment with the US dollar than the other way around. 1970's upward revision, flat from 1980 for 25 years, upwards again (financial crisis), sideways/flat since 2010.

The Fed have access to (Treasury) gold at $42.222/ounce such that at $2111/oz it has 50x leverage, that increases if the market price of gold rises. More than enough to create/reduce paper-gold (122:1 ratio of paper gold to physical gold) in order to direct the price into alignment with the dollar. Fundamentally still the same however, overall upward nominal price trajectory (rises with inflation), but in a step/plateau price motion manner - that is a useful diversifier for other assets (stocks) that follow a different price motion pathway.

[MrStacker]

31 minutes ago, ChrisSilver said:

Hidden last two non related posts. Please do use the hangout topic for general random images rather than the Gold Monitoring thread  

Thank you Chris!

For those who are not aware or cannot find the hangout thread I have posted a link just in case>

Gold to go UP at opening!

[Bratnia]

4 minutes ago, MrStacker said:

Thank you Chris!

For those who are not aware or cannot find the hangout thread I have posted a link just in case>

Gold to go UP at opening!

[SidS]

Just now, Bratnia said:

Us freebies can't access this.