Gold Monitoring Thread £ GBP only

[Midasfrog]

At £1503 this morning only £77 away from the all time high 👍 

[Paul]

6 minutes ago, Midasfrog said:

At £1503 this morning only £77 away from the all time high 👍 

 

[dicker]

On 08/04/2022 at 15:15, Solly said:

What's driving the increase today?

I think CPI numbers which are due tomorrow.  

[Roy]

£1500 broken.

[Ukbullionfan]

£1510 

[apachebleu]

  Let's hope this form continues, it's a bummer feeling like it's too expensive to buy right now as there are a couple of bits I want, however It's nice to see an asset I own actually appreciating 

[Scaffstacker]

£1514 🚀 🤞🏼 

[Paul]

33 minutes ago, Scaffstacker said:

£1514 🚀 🤞🏼 

 

[Ukbullionfan]

Reach £1600 please so I can sell some of my pamp lol

[lst65]

2 minutes ago, Ukbullionfan said:

Reach £1600 please so I can sell some of my pamp lol

Gotta love Pamp 😊

[Scaffstacker]

35 minutes ago, Paul said:

 

Haha love It, but all jokes aside I predict it will break the £1600 mark and then settle at a steady £1500 for weeks to come.

[EdwardTeach]

My guess is it will fluctuate between £1450 to £1600 for the next six months or so then go up again.

[AuricGoldfinger]

Damn but yayy

[Geovest]

US inflation up to 8.5%, our inflation not far behind and rising. This will continue to drive the Gold price higher. I would not be surprised to see it up to £1650 by June

[EdwardTeach]

4 minutes ago, Geovest said:

US inflation up to 8.5%, our inflation not far behind and rising...

Despite what the official inflation stats may tell us we all know when looking at our bills that real world price inflation is currently well over 15% per year and rapidly accelerating.

[SidS]

To see real inflation, I always look at how much Politicians wages rise each year.

[SovereignBishop]

On 12/04/2022 at 14:28, apachebleu said:

  Let's hope this form continues, it's a bummer feeling like it's too expensive to buy right now as there are a couple of bits I want, however It's nice to see an asset I own actually appreciating 

Tough hey! Do we get happy ours is going up or sad if we buy more, our average cost of ownership goes up.

 

hope this isn’t off topic

[Mtaybar]

1 minute ago, SovereignBishop said:

Tough hey! Do we get happy ours is going up or sad if we buy more, our average cost of ownership goes up.

 

hope this isn’t off topic

I hope it comes down back into the 1300s tbh but whether it will is anyone's guess. I can't see it happening for a while personally but I don't like to guess it anymore... I'm always wrong lol. 

[ArgentSmith]

Im about 100% sure there is a deep recession on the cards and Pms usually take a tumble when the market finally wakes up and panics, so temporary cheap PMs could be a few weeks/months away. 😃

[ady]

1 minute ago, ArgentSmith said:

Im about 100% sure there is a deep recession on the cards and Pms usually take a tumble when the market finally wakes up and panics, so temporary cheap PMs could be a few weeks/months away.

Agree, if not depression, but you a not dissuading me from buying -as they say rather a age early than a second late!

[ArgentSmith]

1 minute ago, ady said:

but you a not dissuading

Not trying to dissuade, but maybe be worth having some dry powder 🤷‍♂️

[Mtaybar]

1 minute ago, ArgentSmith said:

Not trying to dissuade, but maybe be worth having some dry powder 🤷‍♂️

Out of reactions but..... ❤️. I'm going to pay down the little bit of debt and wait for prices to come down. It's got too high for me now. 

[Stacktastic]

20 minutes ago, ArgentSmith said:

Im about 100% sure there is a deep recession on the cards and Pms usually take a tumble when the market finally wakes up and panics, so temporary cheap PMs could be a few weeks/months away. 😃

Spot on there I recon. Mining stocks too. 
Im patiently waiting at the moment watching oil and gas as thats leading.   

I think 2021 or lower gold is easily possible, especially if the 'war' stops. 
My friend wants £3000 of metals & I just cant see any reason to buy longer term. 
Considering he has a house worth over 1million is a bit FOMO. 

Fabulous swing trading territory on the cards for metals - why buy and hold when you can profit multiple times.  
Could see a real melt up in the assets, but a big drop in general is more probable back to pre cough-id levels. 
If a melt up happens it will be very sudden and catastrophic, catching a lot of people off guard & massive sell off. 

Edited April 14, 2022 by Stacktastic

[Paul]

It only takes a us jet in the wrong airspace on purpose or a false flag sacrifice with a NATO country and things could also spin on a dime. Remeber war if profitable for those at the top and peace is never profitable

[SovereignBishop]

10 hours ago, Paul said:

It only takes a us jet in the wrong airspace on purpose or a false flag sacrifice with a NATO country and things could also spin on a dime. Remeber war if profitable for those at the top and peace is never profitable

Let us hope not hey. Enough bloodshed for one century already.

It really shows how far we as a race have yet to come.