Gold Monitoring Thread £ GBP only

[Spyder]

12 minutes ago, FriedrichVonHayek said:

Are they of any use for testing jewellery, chains,bracelets and rings etc?

That is the problem, they can not test jewellery unless in bar size at least 22ct.  Can not understand why they can not adapt the machine to test 9ct upwards

[FriedrichVonHayek]

2 minutes ago, Spyder said:

That is the problem, they can not test jewellery unless in bar size at least 22ct.  Can not understand why they can not adapt the machine to test 9ct upwards

Thank you, that's made my mind up, I won't bother.

[Russell]

1 minute ago, Spyder said:

That is the problem, they can not test jewellery unless in bar size at least 22ct.  Can not understand why they can not adapt the machine to test 9ct upwards

Backyard Bullion did a great video on YouTube I think he has done them all now.  All reviewers say that they are useless for Jewellery and you need an XRF machine.  These PMV need flat surfaces relatively clean.  They handle sovereigns great but throw a gold chain, rings and bracelets at it and it will shut itself down and go on strike.

[Thelonerangershorse]

Isn't 9ct really just silver contaminated with gold?

[Russell]

Just now, Thelonerangershorse said:

Isn't 9ct really just silver contaminated with gold?

I was watching a Chards Video the the day trying to find out why my latest sovereign failed the PING COIN test🙄 and he was saying that usually the normal quantity of Silver is 0.4% but the old sovereigns can have as much as 0.25% and it can throw machine based testers off.  Anyway tested i with my new Sigma investor I got today and it passed.  Be Interesting to run it through an XRF though to see the read outs?

[Britannia47]

1 hour ago, Thelonerangershorse said:

Isn't 9ct really just silver contaminated with gold?

 sorry wrong thread!

Edited May 18 by Britannia47

[Chronos]

7 minutes ago, Britannia47 said:

 sorry wrong thread!

Understood.

Reported anyway.

[Gruff]

2 hours ago, Chronos said:

Expect More Inflation No Matter Who Wins The Election:

https://www.zerohedge.com/economics/expect-more-inflation-no-matter-who-wins-election

There is always lag for it to feed into the general population. I expect inflation to kick up again, back towards 8% for the remainder of the year and into 2025. We might see some "normalisation" of around 3-4% in late 2025-2028. I can't see it dropping below that. And in all fairness the BoE and government need it at that level to eat into the debt pile and reduce the interest payments

[Spyder]

3 hours ago, Thelonerangershorse said:

Isn't 9ct really just silver contaminated with gold?

No, it is copper with some gold added😂

[Chronos]

The World Gold Council's Q1 2024 Gold Demand Trends report reveals that total global gold demand (inclusive of OTC purchases) was up 3% year-on-year to 1,238t, marking the strongest first quarter since 2016:

https://www.firstlinks.com.au/gold-demand-trends-q1-2024

[Gruff]

Market opening is going to be interesting tonight. 

[Paul]

2 minutes ago, Gruff said:

Market opening is going to be interesting tonight. 

To da'mooooooooooooon 🚀 🚀 🚀!! 

[Bratnia]

13 hours ago, Chronos said:

Expect More Inflation No Matter Who Wins The Election:

https://www.zerohedge.com/economics/expect-more-inflation-no-matter-who-wins-election

Some hold bitcoins or suchlike, which I know relatively little about. Personally I hold McG's. McG's are my pet name and are simple enough, you open a "ewallet" such as a 212 or ii brokerage account and buy McG's, which for a British investor might be a 50/50 split of VMIG (a FTSE250 (MidCap) stock index accumulation fund) and Gold (which you may instead prefer to hold via gold coins/whatever). You'll have a regular cheque/bank account linked into that ewallet (brokerage account) and be able to transfer/exchange between (to/from) McG's and Pounds in order to pay for things in Pounds. More often I'll pay for things using my credit card and then at the end of the month sell enough McG's to pay off the credit card bill. If the gold value is higher than the stock value then sell some gold, otherwise sell some stock value (if saving then add new savings to the one that is the least value at the time).

Unlike Pounds that tend to buy less over time, with McG's they tend to buy more over time. Broadly prices of 'stuff' (priced in Pounds) has tended to decline at around a 6%/year rate (slope).

More inflation (higher prices) in Pounds can mean stuff becoming cheaper more quickly in McG's - perhaps something to celebrate.

[Brit2023]

9 minutes ago, Paul said:

To da'mooooooooooooon 🚀 🚀 🚀!! 

You wish Elon.

[Paul]

15 minutes ago, Brit2023 said:

You wish Elon.

Boooooooooooooooo !! 

[Gruff]

https://www.zerohedge.com/commodities/oil-tanker-struck-missile-yemen-coast

 

[Thelonerangershorse]

1 hour ago, Paul said:

To da'mooooooooooooon 🚀 🚀 🚀!! 

I think you meant to post that over on the silver thread.

[Paul]

5 minutes ago, Thelonerangershorse said:

I think you meant to post that over on the silver thread.

One doesn't associate with those kinds of folk, bartering their chickens and eggs for silver shiny or whatever they do over there 

[theman73]

I genuinely and sincerely look forward to seeing people's success stories with their gold investments we have to be seeing some very soon!  If  It pays your mortgage off,  sets up a new business venture, and pays for the kids through university,  I'd be the first one to congratulate you.   

Edited May 19 by theman73

[Paul]

22 minutes ago, theman73 said:

I genuinely and sincerely look forward to seeing people's success stories with their gold investments we have to be seeing some very soon!  If  It pays your mortgage off,  sets up a new business venture, and pays for the kids through university,  I'd be the first one to congratulate you.   

I'm someone who couldn't hold onto a penny in my 20s.

Gold has helped me achieve a nice six figure nest egg of comfort and security, whatever lies ahead

If it goes parabolic, would nice to be fiat millionaire £ 

[theman73]

2 minutes ago, Paul said:

Gold has helped me achieve a nice six figure nest egg

And you spent a nice six figure to buy it?

[HonestMoneyGoldSilver]

9 minutes ago, Paul said:

I'm someone who couldn't hold onto a penny in my 20s.

Gold has helped me achieve a nice six figure nest egg of comfort and security, whatever lies ahead

If it goes parabolic, would nice to be fiat millionaire £ 

This is kind of me too, except for the 6 figure part, I'm still stuck way down in the 5 figures

I used to waste my money on all sorts of c**p until I started buying metals a few years ago. Buying physical is the ultimate savings account

[stefffana]

10 minutes ago, theman73 said:

And you spent a nice six figure to buy it?

Probably not. I bet he started buying sovereigns when was £20/each.

[Upsidedown]

16 minutes ago, Paul said:

If it goes parabolic, would nice to be fiat millionaire £ 

@Solachesis moved to Turkey for this exact reason

[KRO]

Just now, stefffana said:

Probably not. I bet he started buying sovereigns when was £20/each.

I started buying sovereigns at £4 each then met Mrs KRO and it all went downhill after that😀
Bloody Louis Vuitton