Gold Monitoring Thread £ GBP only

[Nick1368]

OMG madness, so happy that I bought 8oz in January at £1200

[Abyss]

1 hour ago, Nick1368 said:

OMG madness, so happy that I bought 8oz in January at £1200

I am happy I bought 8 oz £1138 in late December 2019. I am even more happy I switch my entire portfolio in India from Nifty 50 to Money market Bonds in the middle January, stock markets sea of red Dow 800 point down and US Markets 3 and half hours before opening. Will we see 1,000 point drop in day for the Dow?.....

The VIX volatility index 30% higher.

NASDAQ bubble has finally popped.

Edited February 24, 2020 by Abyss

[Cornishfarmer]

anyone notice that HGM  have dropped what they pay for 1oz gold coins this morning.     not sure if this is a mistake, trying to make advantage of sellers or they thing it will fall as quick as it went up

[Notafront4adragon]

2 minutes ago, Cornishfarmer said:

anyone notice that HGM  have dropped what they pay for 1oz gold coins this morning.     not sure if this is a mistake, trying to make advantage of sellers or they thing it will fall as quick as it went up

I've also noticed that they are paying significantly lower prices on 1/2 and 1/4oz compared to the 1oz coin. Normally there's a little bias towards the 1oz coins but it's definitely increased significantly.

[ilovesilverireallydo]

6 minutes ago, Notafront4adragon said:

I've also noticed that they are paying significantly lower prices on 1/2 and 1/4oz compared to the 1oz coin. Normally there's a little bias towards the 1oz coins but it's definitely increased significantly.

They always paid less for the 1/2 oz. 

[goluckystayhappy]

Quite amusing reading the comments section on the Beebs record gold price article.

https://www.bbc.co.uk/news/business-51612520#comp-comments-button

[Notafront4adragon]

14 minutes ago, ilovesilverireallydo said:

They always paid less for the 1/2 oz. 

Sure but I didn't think the differences were as pronounced 

[goldking]

16 minutes ago, goluckystayhappy said:

Quite amusing reading the comments section on the Beebs record gold price article.

https://www.bbc.co.uk/news/business-51612520#comp-comments-button

About what I expected for a BBC article.  Roughly 25% split between clueless, bitter, Brexit and Bitcoin.

[trp]

20 minutes ago, goluckystayhappy said:

Quite amusing reading the comments section on the Beebs record gold price article.

https://www.bbc.co.uk/news/business-51612520#comp-comments-button

Some pretty amusing comments indeed. Always find it interesting when something is brought to someone’s attention and they instantly have a opinion based on no fact or information.

[goluckystayhappy]

Was almost tempted to reply to this guys stupid comments.  Kind of missing the point of buying gold.

 

63. Posted byHazyDavey

on3 minutes ago

If you're buying gold, buy in an Exchange Traded Fund (it's like buying shares). You don't have to physically buy the gold bars

Despite this gold related news, today is probably a good day to be buying FTSE 100 shares, as prices are lower, rather than chasing the gold price

[sixgun]

11 minutes ago, trp said:

Some pretty amusing comments indeed. Always find it interesting when something is brought to someone’s attention and they instantly have a opinion based on no fact or information.

London Paul of the Sirius Report commented on the spike in the tonnage of the gold exports from the UK and that they equated to the alleged remaining UK reserves.
Did the UK sell the remaining gold? That spike of gold came out of someone's vault. Was this a last ditched attempt to stem the rise of gold or was the UK just skint?

Funny the BBC does a 'programme' just around the time - none of this programming occurs by accident.
One of my more grounded theories i would say.

[sixgun]

Price as i expected hits the other side of the Andrew's fork. 
What next? - i would expect a little pull back and then up and through and then we really are in uncharted waters.
Price could just keep ploughing on into those uncharted waters.

Edited February 24, 2020 by sixgun

[TopHatsTales]

IGs Android platform "currently unavailable, phone to trade"

 

[trp]

11 minutes ago, sixgun said:

Did the UK sell the remaining gold? That spike of gold came out of someone's vault. Was this a last ditched attempt to stem the rise of gold or was the UK just skint?

Funny the BBC does a 'programme' just around the time - none of this programming occurs by accident.
One of my more grounded theories i would say.

Very interesting questions to mull over. Not a far fetched theory at all, and in fact something that has crossed my mind. A lot of news appears to me to be ‘non news’ and more public conditioning - things to ease the mind and opinion. 

[sixgun]

5 minutes ago, trp said:

Very interesting questions to mull over. Not a far fetched theory at all, and in fact something that has crossed my mind. A lot of news appears to me to be ‘non news’ and more public conditioning - things to ease the mind and opinion. 

Panem et circenses - Bread and circus.
Nothing really changes - nothing new under the Sun.

However real the COVID-19 coronavirus epidemic/pandemic is i think it is a cover or being used as a cover for a lot of mischief. The USD- Treasury complex is crumbling - King Dollar is virtually dead and the paper palace about to be blown away by some cold winds from the East.

Edited February 24, 2020 by sixgun

[5huggy]

serious "shorting/dumping" NOW happening as we chat!

[5huggy]

[sixgun]

As anticipated - price hit the other side of my Andrew's fork and as i said i expected a pull back. There is blood in the water now. There are so many plates spinning the usual suspects don't have the ability and resources to keep them all spinning. Notice the indices are recovering as gold falls - selling one to buy the other. Oh the tears when it all finally unwinds. 

Stack your gold and stack your food - ensure you can get water and then watch the spectacle in the Colosseum. 

Edited February 24, 2020 by sixgun

[Thelonerangershorse]

Would be nice to just sit back and watch the chaos, not quite as much fun if you happen to be on holiday in Milan!

[5huggy]

Slight aside - but Watching RT TV - Bullion by post and Bullion Direct are aggressively being advertised this morning!

[sixgun]

As i said we will start seeing the gold adverts - it's like 2010/11 all over again....

[5huggy]

17 minutes ago, sixgun said:

As i said we will start seeing the gold adverts - it's like 2010/11 all over again....

ONLY this time may well IMHO be a "MONSTER" rise !

[Zhorro]

16 hours ago, goldking said:

The price also sets a new record, breaking the all-time record high of £1278.06 from 3/9/19.    I wonder if it'll get a mention on the TV news?  If it does, price will get pumped higher as more people jump onboard.

Gold was just mentioned in the BBC News - but the price on the screen was 1633.7.  They did not state the currency, but in dollars it is currently $1673, so their figure was totally meaningless - good old BBC.

[Guest]

6 minutes ago, Zhorro said:

Gold was just mentioned in the BBC News - but the price on the screen was 1633.7.  They did not state the currency, but in dollars it is currently $1673, so their figure was totally meaningless - good old BBC.

Yes, you can always rely on the BBC to be completely useless at everything, mind you it would be worse if we were all forced to pay the License fee, hang on a minute...

[goldking]

Licence*