Gold Monitoring Thread £ GBP only

[James32]

So as I sit here boarding my rocket ship.....I've realised one important thing (I can no longer afford the bloody fuel needed to get to the moon) 🚀🚀🚀

[CaptCaveMan]

30 minutes ago, HerefordBullyun said:

more chance of gold getting £10000000

🤔 Think I'll pass on that bet...

[Paul]

[KRO]

Anyone believe Powell or Bailey anymore?
Perhaps now the S&P will crack (live P/E around 53🤣🤣)
and all the funds flow into Gold
Nice charts for Gold here
https://www.zerohedge.com/markets/surging-inflation-sparks-hawkish-spike-rate-hike-odds-stocks-sink

[KevjustKev]

1 hour ago, stefffana said:

Everything is possible. Even Norwich can win against Chelsea in a sunny day.

The last time Norwich beat Chelsea was on the 10th Dec 1994, 3-0. Yep everything is possible

[Mtaybar]

They're keeping it flat lined at £1379.99 🤣. One might start to believe they don't want it to get to £1380 🤔😆

[Cogload]

I think I will leave the forecasting to others... lol...

[Zhorro]

8 hours ago, Mtaybar said:

They're keeping it flat lined at £1379.99 🤣. One might start to believe they don't want it to get to £1380 🤔😆

Now at £1,385 !

[dicker]

Very pleasing.  If you want a laugh, just go back a week or two and see what investment banks were predicting.  Most amusing in some instances.

I don’t think they are deliberately misleading, I think they just don’t know!

[Paul]

44 minutes ago, Zhorro said:

Now at £1,385 !

£1390 now

 

[Minimalist]

59 minutes ago, dicker said:

just go back a week or two and see what investment banks were predicting.  Most amusing in some instances.

I don’t think they are deliberately misleading, I think they just don’t know!

The very top know. They just want the average "passive investor/trader" joe to not pill into the futures market because most financial people actually believe the investment banks.

They also believed Fed front Yellen when she stated core inflation would hit 5% by 31st December 2021. That energy prices that arent included in the core data is not a reality, that paying for energy is not a neccesity and the whole West believes it!

Tell you what, not believing in the Fed when they have their own numbers over the predicted 5% at 6% and rising.

We conspiracy theorists are all wrong the Banks are right!

[James32]

1 hour ago, Paul said:

£1390 now

 

£1400+ by close tomorrow night??

[AuricGoldfinger]

Just in time for when the 2022 sovs come out. Great

[James32]

2 minutes ago, AuricGoldfinger said:

Just in time for when the 2022 sovs come out. Great

😅😅 never actually thought about that.

On the bright side it will put a few people off buying (especially the sets) so folk will stand a better chance on the day.

[Mtaybar]

2 hours ago, Zhorro said:

Now at £1,385 !

1390+ now 🤣

[Zhorro]

18 minutes ago, James32 said:

😅😅 never actually thought about that.

On the bright side it will put a few people off buying (especially the sets) so folk will stand a better chance on the day.

Surely the price of next week's sovereign release is already fixed?  So it might actually be a bargain!  However, the premiums on new proof releases are so large the current increase in the price of gold will not make much of a dent in it.

[James32]

4 minutes ago, Zhorro said:

Surely the price of next week's sovereign release is already fixed?  So it might actually be a bargain!  However, the premiums on new proof releases are so large the current increase in the price of gold will not make much of a dent in it.

You could very well be right.

[KevjustKev]

! oz or 320 pints? Difficult! 

[Mtaybar]

I'd rather look at it as how much am I prepared to lose when the next dip happens. Are these prices likely to stay up for the long term? Are they likely to increase? How much am I willing to bet on both cases? I plan to keep what I have for years and years so those such things don't matter right now. The only thing that matters is not getting carried away buying at the top of a peak. A week ago I didn't think prices would be where they are now so I clearly am no good a predictions. 

[AndrewSL76]

36 minutes ago, James32 said:

😅😅 never actually thought about that.

On the bright side it will put a few people off buying (especially the sets) so folk will stand a better chance on the day.

The prices are set (no pun intended). Besides, remember that they are already hugely set above spot as premium coins. You ain’t just buying gold, remember. You’re buying a dream too. 🤑

[Midasfrog]

12 minutes ago, Mtaybar said:

I'd rather look at it as how much am I prepared to lose when the next dip happens. Are these prices likely to stay up for the long term? Are they likely to increase? How much am I willing to bet on both cases? I plan to keep what I have for years and years so those such things don't matter right now. The only thing that matters is not getting carried away buying at the top of a peak. A week ago I didn't think prices would be where they are now so I clearly am no good a predictions. 

£1600 on Christmas day 🚀 😅

[Zhorro]

In the past month, gold is up nearly 8%.

[sovereignsteve]

Friday tomorrow😉

[Cogload]

FFS. For peasants like me who are on a fractional monthly budget this is highly irritating. Can the price conveniently crash just before I buy please? Ta.. 

Edited November 11, 2021 by Cogload

[Midasfrog]

28 minutes ago, Cogload said:

FFS. For peasants like me who are on a fractional monthly budget this is highly irritating. Can the price conveniently crash just before I buy please? Ta.. 

Its just dropped back 50p now at a good buying dip of £1392.07 👍