Gold Monitoring Thread £ GBP only

[Tattoedamat]

Wish my stocks&shares account will as looking as healthy as gold 😤😵🤕🤬

[goldking]

2 minutes ago, goldmember44 said:

Compared to everything else, gold is holding up really well! Just take a look at bitcoin....

Yep, and the stock markets.  There'll be a lot of people (and companies) that have lost their entire wealth over the past week or so.  A £50 drop / "correction" from an inflated peak a week ago in gold is a tiny drop in the ocean in comparison.  There's still a lot of air yet to release from the stock market bubble so be prepared for the possibility that gold falls much lower in the short term.  Sit tight and don't panic!  

[goldmember44]

1 minute ago, goldking said:

Yep, and the stock markets.  There'll be a lot of people (and companies) that have lost their entire wealth over the past week or so.  A £50 drop / "correction" from an inflated peak a week ago in gold is a tiny drop in the ocean in comparison.  There's still a lot of air yet to release from the stock market bubble so be prepared for the possibility that gold falls much lower in the short term.  Sit tight and don't panic!  

Absolutely! I do feel sorry for people who held a considerable amount of stocks, but they definitely were warned! The stock market was at an all-time high, and we've had news of the Coronavirus since December...

[Auricsstash]

Gold will go up in the recession, hold tight and wait for the c**p to hit the fan financially....

[goldmember44]

Whoah, gold is bouncing back strongly now..

[Auricsstash]

Fed fired it’s free money cannon again... US markets did the same thing...

https://www.zerohedge.com/markets/gold-stocks-bonds-oil-explode-higher-after-fed-fires-bazooka

[Paul]

£1291 high and £1242 low for past 24 hours, the price is up n down like a prozzies knickers lol

[sixgun]

Just now, Paul said:

.... the price is up n down like a prozzies knickers lol

And how would you know?

[Paul]

1 minute ago, sixgun said:

And how would you know?

would sooner have a shiny sovereign than a few hours fun in the sack personally 

[goldking]

12 minutes ago, Auricsstash said:

Fed fired it’s free money cannon again... US markets did the same thing...

https://www.zerohedge.com/markets/gold-stocks-bonds-oil-explode-higher-after-fed-fires-bazooka

Too funny!  They're determined to keep their failed Ponzi scheme running at any cost.  Absolutely incredible.  The longer this goes on, the bigger the fall-out and the more painful it's going to be for all us normies.

[sovereignsteve]

12 minutes ago, Paul said:

would sooner have a shiny sovereign than a few hours fun in the sack personally 

Interesting. As I get older I can understand that pov 😉

[JunkBond]

14 minutes ago, Paul said:

 a few hours fun

Impressive! 😉

[Auricsstash]

21 minutes ago, goldking said:

Too funny!  They're determined to keep their failed Ponzi scheme running at any cost.  Absolutely incredible.  The longer this goes on, the bigger the fall-out and the more painful it's going to be for all us normies.

Funny how the US market jump just got steamrollered and Golds held  50% of it....

[goldmember44]

41 minutes ago, Paul said:

£1291 high and £1242 low for past 24 hours, the price is up n down like a prozzies knickers lol

What is a prozzie?

[sixgun]

Just now, goldmember44 said:

What is a prozzie?

A prostitute 

[goldmember44]

Just now, sixgun said:

A prostitute 

Oh lol duh, I think I need some strong coffee 😛

[Tattoedamat]

Viagra would probably work better than coffee?

[h103efa]

3 minutes ago, goldmember44 said:

Oh lol duh, I think I need some strong coffee 😛

not tempted by the lady of the night!

[AuricGoldfinger]

For those who made big money on bitcoin then fair play but you only need to look at a 5 year chart to see how it really is just a spin of the roulette wheel

[goldking]

Bitcoin thread is over there, auric > 

 

 

[Minimalist]

12 minutes ago, AuricGoldfinger said:

For those who made big money on bitcoin then fair play but you only need to look at a 5 year chart to see how it really is just a spin of the roulette wheel

 

Bitcoin is finished especially when the Banks have issued papered Bitcoin to short. Gold, property, health and water stocks are for the ride!  

[AuricGoldfinger]

@goldking fair point 😆

[Cornishfarmer]

What’s happening???? Yeo yeoing all over the shop in last hour

[DarkChameleon]

People afraid, people wanting to invest in the market, peopLe afraid of unemployment so need money...too invested...greed made them invest too much of a percentage of their savings.

[goldmember44]

Sad thing is that over 60% of IG clients are LONG on the Dow...and have been since before the crash. That must be painful to see one's trading pot destroyed. I know, happened to me in 2008... and I vowed to myself never again. I feel much safer holding physical gold..no margin calls, can hold it as long as I want. 

Edited March 13, 2020 by goldmember44