Gold Monitoring Thread £ GBP only

[HonestMoneyGoldSilver]

https://www.livemint.com/market/commodities/gold-rate-outlook-goldman-sachs-raises-yellow-metal-price-forecast-to-2700-per-ounce-by-yearend-11713155650616.html

[gji25]

1 hour ago, Gruff said:

£1887.02 close is a great end for the week

I,ll buy that for a $dollar 😉

[Gruff]

1 minute ago, gji25 said:

I,ll buy that for a $dollar 😉

Amen brother!

[Gruff]

[Thelonerangershorse]

 

Out of interest, does anyone actually have a Victoria Cross lying about that they're looking to get rid of??

[Chronos]

"Most Central Bank Gold Buying Is Unreported": In Stunning New Report, Goldman Sees "Significantly Higher" Gold Prices:

https://archive.is/LRAET

Edited May 11 by Chronos

[Gruff]

I can't read the artlive on ZeroHedge as I don't have a Premium subscription, but the synopsis seems pretty clear!

[Chronos]

17 minutes ago, Gruff said:

I can't read the artlive on ZeroHedge as I don't have a Premium subscription, but the synopsis seems pretty clear!

I have publish this one already. Just look at the post above yours.

As a premium subscription: archive the link in archive.is and the full article will reveal itself ...

Edited May 11 by Chronos

[Gruff]

27 minutes ago, Chronos said:

I have publish this one already. Just look at the post above yours.

As a premium subscription: archive the link in archive.is and the full article will reveal itself ...

My apologies good sir. I've just learned something this morning. Thanks for the heads up and lesson! 

[Gruff]

3 hours ago, Chronos said:

"Most Central Bank Gold Buying Is Unreported": In Stunning New Report, Goldman Sees "Significantly Higher" Gold Prices:

https://archive.is/LRAET

I can't get to it, times out, took too long

[Chronos]

8 minutes ago, Gruff said:

I can't get to it, times out, took too long

I have no problem opening it ...

Just download and open this:

 

_Most Central Bank Gold Buying Is Unreported__ In Stunning New Report, Goldman Sees _Significantly Higher_ Gold Prices _ ZeroHedge (5_11_2024 9_41_06 AM).html

Edited May 11 by Chronos

[Gruff]

10 minutes ago, Chronos said:

I have no problem opening it ...

Just download and open this:

 

_Most Central Bank Gold Buying Is Unreported__ In Stunning New Report, Goldman Sees _Significantly Higher_ Gold Prices _ ZeroHedge (5_11_2024 9_41_06 AM).html 1.34 MB · 1 download

Legend, thanks! 

[Petra]

5 hours ago, Thelonerangershorse said:

 

Out of interest, does anyone actually have a Victoria Cross lying about that they're looking to get rid of??

Funny you should say that…..🤔

[Bratnia]

2 hours ago, Gruff said:

I can't read the artlive on ZeroHedge as I don't have a Premium subscription, but the synopsis seems pretty clear!

China prohibits exporting gold, whilst the West is permitting gold to be exported to China. With 123 times more paper gold than physical gold at some point physical gold in the West will become scarce. Western savers will have to rely more upon paper gold and the additional risks that involves - that if there is a gold-rush, sudden/high demand for physical delivery they'll be in a queue of 123 for each claim to one ounce of gold - highly likely being disappointed (lost their money). Indeed left as-is China may very well at some point opt to initiate/drive such a gold-rush, however instead as that risk rises the West (US) may very well look to impose changes such as prohibiting the export of gold, and when such policies are introduced they're more inclined to be accompanied with other conditions, such as the amount of physical gold individuals can own/hold. In part that is already evident in the higher taxation that the US applies to Americans holding gold.

Edited May 11 by Bratnia

[Bratnia]

4 hours ago, Chronos said:

Reported to Mrs. bobski

5 hours ago, bobski said:

I'd bum the carats out of her

9 hours ago, Gruff said:

I beat you to it (reporting to Mrs Bobski). Apparently she's too busy having a elluva time with her boy toy to care (described as looking like the Hulk if I heard correctly ... may have been a Hulk).

[PapaLazarou]

9 minutes ago, Bratnia said:

In part that is already evident in the higher taxation that the US applies to Americans holding gold.

Although currently true, it is worth keeping abreast of news as regards such laws concerning "Constitutional" gold and silver legal tender in the US.

[Gruff]

6 minutes ago, PapaLazarou said:

Although currently true, it is worth keeping abreast of news as regards such laws concerning "Constitutional" gold and silver legal tender in the US.

Are these the laws that individual states are passing to ensure that gold and silver remain legal tender? I ask, as I struggle with some of the US laws and what applies etc..

[Petra]

23 minutes ago, Gruff said:

Are these the laws that individual states are passing to ensure that gold and silver remain legal tender? I ask, as I struggle with some of the US laws and what applies etc..

Who cares what they’re doing in America, although I’m sure someone will say that what they do there will happen here….🤔

[PapaLazarou]

59 minutes ago, Bratnia said:

In part that is already evident in the higher taxation that the US applies to Americans holding gold.

14 minutes ago, Petra said:

Who cares what they’re doing in America, although I’m sure someone will say that what they do there will happen here….

If taxes on holding gold within the US were to be removed then I would hazard that consumer demand might rise a tad and hence we might potentially see a rise in gold prices. Hence I - and possibly others - care. If you choose not to care, fair enough.

As regards here in the UK, our own "Constitutionals" already offer the kind of non-taxable (VAT annd/or CGT) benefits that are not available to US citizens. I presumed you knew this.

Edited May 11 by PapaLazarou

[Bratnia]

14 minutes ago, Petra said:

Who cares what they’re doing in America, although I’m sure someone will say that what they do there will happen here….🤔

what they do there will happen here

[Thelonerangershorse]

1 hour ago, Bratnia said:

China prohibits exporting gold, whilst the West is permitting gold to be exported to China. With 123 times more paper gold than physical gold at some point physical gold in the West will become scarce. Western savers will have to rely more upon paper gold and the additional risks that involves - that if there is a gold-rush, sudden/high demand for physical delivery they'll be in a queue of 123 for each claim to one ounce of gold - highly likely being disappointed (lost their money). Indeed left as-is China may very well at some point opt to initiate/drive such a gold-rush, however instead as that risk rises the West (US) may very well look to impose changes such as prohibiting the export of gold, and when such policies are introduced they're more inclined to be accompanied with other conditions, such as the amount of physical gold individuals can own/hold. In part that is already evident in the higher taxation that the US applies to Americans holding gold.

The big questions therfore are,

1. How much gold will China want to hold before it does this?

2. What great world event will be the trigger?

The UK election will have zero impact on China, but the re-election of Trump may have (is there anything in the US constitution that bars you from office if you're a convicted criminal?)

[Bratnia]

5 minutes ago, PapaLazarou said:

As regards here in the UK, our own "Constitutionals" already offer the kind of non-taxable (VAT and/or CGT) benefits that are not available to US citizens. I presumed you knew this.

https://www.thesilverforum.com/topic/89640-what-method-are-you-using-to-stack-precious-metals/#comment-1104907

 

[Bratnia]

42 minutes ago, Thelonerangershorse said:

2. What great world event will be the trigger?

Weaponised. Conflict with US and hack the hell of its is highly electronics based society, maybe even EMP pulses, and/or hack/cripple the financial/other systems.

Edited May 11 by Bratnia

[HerefordBullyun]

7 hours ago, bobski said:

I'd bum the carats out of her

A. Join the queue.

B. Return to A 

C. Look at B.

D. Reported!

[PapaLazarou]

8 hours ago, Gruff said:

Are these the laws that individual states are passing to ensure that gold and silver remain legal tender? I ask, as I struggle with some of the US laws and what applies etc..

US CGT on gold and silver coins currently stands at 28%.

Currently there is a senator (Moody iIrc) trying to push through a law to completely remove this tax on Constitutinal PM. His argument is along the lines that it is illogical, immoral and unconstitutuonal to tax the people for owning US money.

Edited May 11 by PapaLazarou