Gold Monitoring Thread £ GBP only

[Gruff]

3 minutes ago, Dankanugget said:

Do we think it’s possible to buy a house with gold in the uk? I mean would sellers accept it as mortgages become unaffordable and not to be able to convert it back to the pound note as banks close their doors….

will it catch on or transactions will become harder for more expensive items.?

 

1 minute ago, Dankanugget said:

I mean I’m guessing some folk here are banking on it  to be able to realise their hard earned asset’s to provide a future for them and their loved ones?

Very valid questions. We could shift it to countries that would accept it, or we could end up with a barbarous relic!

My take would be that we potentially see an underpinning of FIAT with gold as Central banks try and woo us with financial stability.. but again it'll be a magicians trick/slight of hand. They could go down the compulsory purchase route though and then jack up the price a-la US style...

[9x883]

14 minutes ago, Paul said:

Has gold won yet ?

From what I've understood this afternoon, protecting wealth is pointless as it'll either be taken away from you or laws will be put in place so you can't use it. 

Where's the booze and cigs que @ArgentSmith? 

[Thelonerangershorse]

6000 years of history tends to indicate that gold will always have value whereas bits of paper or a box of 1's and 0's don't in the long term.

[James32]

Bring back the gold price updates ffs.

[kimchi]

8 minutes ago, Dankanugget said:

Do we think it’s possible to buy a house with gold in the uk? I mean would sellers accept it as mortgages become unaffordable and not to be able to convert it back to the pound note as banks close their doors….

will it catch on or transactions will become harder for more expensive items.?

The short answer is - no I don't think so, maybe long-term (but you will need receipts)...

[ArgentSmith]

£1,846.18

[SidS]

1 hour ago, Bratnia said:

....sorry you can't buy concert tickets to xyz because your citizen score is too low (or you voted for the wrong party in the General Election - that they can tell because when you present your ID the first clerk records a number against your name that corresponds to the voting papers you are handed).

I always spoil my ballot paper. I voted for Larry the Cat again. Best candidate in my opinion.

[JamesH]

3 minutes ago, 9x883 said:

From what I've understood this afternoon, protecting wealth is pointless as it'll either be taken away from you or laws will be put in place so you can't use it. 

Where's the booze and cigs que @ArgentSmith? 

Yet all those prophesying doom and gloom continue to stack gold…I wouldn’t worry too much

[HerefordBullyun]

Interestingly junior gold miners etf rose by 3.2% today....

Maybe there is something on the cards if wall st is speculative...

[Paul]

12 minutes ago, James32 said:

Bring back the gold price updates ffs.

Booooooooooo !!!!! 

[Dankanugget]

10 minutes ago, Paul said:

Booooooooooo !!!!! 

1890

[Bratnia]

16 minutes ago, 9x883 said:

From what I've understood this afternoon, protecting wealth is pointless as it'll either be taken away from you or laws will be put in place so you can't use it. 

Where's the booze and cigs que @ArgentSmith? 

Gold is right up there as a potential asset to side step such geopolitical risks (confiscations). A couple of properties in different countries, a yacht, gold and art (such as paintings that can be rolled up and transported in tubes). Even a slightest sniff of 'hit the rich' ... and they're gone. Foolish policies as otherwise the richest 1% pay a third of the tax take, better would be to treble that number. Truss/KK intended policy - poorly implemented, replaced with 'tax the rich/rejoin the EU' policies where Conservatives as-is are little different to Labour.

[Chronos]

Sober Gold vs. The Rate Cut Circus Show:

https://vongreyerz.gold/sober-gold-vs-the-rate-cut-circus-show

[Dankanugget]

8 minutes ago, Chronos said:

Sober Gold vs. The Rate Cut Circus Show:

https://vongreyerz.gold/sober-gold-vs-the-rate-cut-circus-show

Thanks very good read.

[Dankanugget]

Here another thought. If Barclays start to introduce no more than 20 k cash deposits...I'm guessing per annum would that trickle across to electronic bank deposits?

[Dankanugget]

2 minutes ago, Dankanugget said:

Here another thought. If Barclays start to introduce no more than 20 k cash deposits...I'm guessing per annum would that trickle across to electronic bank deposits?

Maybe mindsets have to change....my nan in law had a farm and she was totally off grid... Lived to 106.

Edited May 7 by Dankanugget

[Dankanugget]

I do struggle to understand why investors in pms always seem to have a safe or lockbox across an expanse of water…I mean surely there’s a better place in the high st to store valuables?

it would certainly stop all theses water mishaps.

[James32]

£1850 

[Brit2023]

1 hour ago, Dankanugget said:

Do we think it’s possible to buy a house with gold in the uk? I mean would sellers accept it as mortgages become unaffordable and not to be able to convert it back to the pound note as banks close their doors….

will it catch on or transactions will become harder for more expensive items.?

Solicitor asks for proof of funds so I wonder if anybody has sent back a picture of their stack🤔

Edited May 7 by Brit2023
Spelling

[Petra]

5 hours ago, Bratnia said:

Yield curve inversion (2 year Treasury yields higher than 10 year) often is a precursor to a recession.  With a normal yield curve longer dated tend to pay a higher yield in compensation for taking on inflation risk. With an inverted yield curve risk is being suggested as a near-end/soon to occur event.

🤔… oh🤔why not just say that🤔😁cheers

[ant1882]

£1851

[bobski]

6 hours ago, James32 said:

Exactly, can be as much as £8 out at any given time.

Also worth noting, that if someone doesn't want to see my posts, they can use the ignore function. Less crying that way

[bobski]

Live Gold Price

Au

Current Price

£1,851.01

Live Change

-0.06% £-0.95

Live high £1,852.04

 

Live low £1,850.61

[Gruff]

9 minutes ago, bobski said:

Also worth noting, that if someone doesn't want to see my posts, they can use the ignore function. Less crying that way

Well played sir. You win top trumps

[BLOOMMAN101]

It's had 4 pops at breaking £1855 let's see if it can do it this evening