Gold Monitoring Thread £ GBP only

[Mtaybar]

4 minutes ago, ant1882 said:

£1573.17 ...So close.

New ATH today or cliffhanger for next week?

Gotta get past 1584 to break the highest ever. You think it can squeeze past it? 

[EdwardTeach]

Will it be a new ATH or just another Friday night smackdown before the close?

Edited January 13, 2023 by EdwardTeach

[Mtaybar]

6 minutes ago, EdwardTeach said:

Will it be a new ATH or just another Friday night smackdown before the close?

🤣

[Zhorro]

18 minutes ago, Mtaybar said:

Gotta get past 1584 to break the highest ever. You think it can squeeze past it? 

Accounding to BBP, the ATH is £1,574.37.  Where is your number from?

[Mtaybar]

7 minutes ago, Zhorro said:

Accounding to BBP, the ATH is £1,574.37.  Where is your number from?

 

Just now, Mtaybar said:

 

This is the BBP chart. I remember watching it sore that day as well lol

[Stacktastic]

38 minutes ago, Mtaybar said:

 

This is the BBP chart. I remember watching it sore that day as well lol

A lot of credible people calling for £3-5000 gold this year.
Im starting to see the probabilities especially with weak currencies & CBDC's being launched. 

I nearly sold a number of high value mexican gold coins today (as we are in pull back territory) and a little voice said 'wait'. 😛 
I was watching Kitco at the time mind you. 

Edited January 13, 2023 by Stacktastic

[Mtaybar]

8 minutes ago, Stacktastic said:

A lot of credible people calling for £3-5000 gold this year.
Im starting to see the probabilities especially with weak currencies & CBDC's being launched. 

I nearly sold a number of high value mexican gold coins today (as we are in pull back territory) and a little voice said 'wait'. 😛 
I was watching Kitco at the time mind you. 

3k-5k gold? I bloody hope not. I'd hate to see what the world would've come to if that happened. Who would buy it at that price? Everyone would be a seller lol

[EdwardTeach]

26 minutes ago, Mtaybar said:

3k-5k gold? I bloody hope not. I'd hate to see what the world would've come to if that happened. Who would buy it at that price? Everyone would be a seller lol

If Russia and NATO stop tiptoeing around in Ukraine, take their gloves off and really begin to go full on at it with each other across Europe whilst simultaneously China and America also start a full on war with each other across the Pacific then gold could easily go to £5,000 in a matter of days. Mind you if that happens I doubt we’d care much about the price of gold anymore or even be able to log on to the internet to check what it is.

I hope gold stays relatively stable at around £1,500 - £2,000 and gradually goes up with inflation over the years.

Edited January 13, 2023 by EdwardTeach

[Mtaybar]

2 minutes ago, EdwardTeach said:

If Russia and NATO stop tiptoeing around in Ukraine, take their gloves off and really begin to go full on at it with each other across Europe whilst simultaneously China and America also start a full on war with each other across the Pacific then gold could easily go to £5,000 in a matter of days. Mind you if that happens I doubt we’d care much about the price of gold anymore or even be able to log on to the internet to check what it is.

I hope it stays relatively stable at around £1,500 - £2,000 and gradually goes up with inflation over the years.

5k in a year sounds like a dream scenario doesn't it but the reasons for it going like that don't really bear thinking about. Like you said.... gold would be the last thing you'd be thinking about. 

[EdwardTeach]

7 minutes ago, Mtaybar said:

5k in a year sounds like a dream scenario doesn't it but the reasons for it going like that don't really bear thinking about. Like you said.... gold would be the last thing you'd be thinking about. 

Gold going up slightly faster than inflation would be very nice though and in my opinion this is a scenario that’s actually very likely over the next few years considering the current global economic crisis and imploding debt bubbles.

[Mtaybar]

2 minutes ago, EdwardTeach said:

Gold going up slightly faster than inflation would be very nice though and in my opinion this is a scenario that’s actually very likely over the next few years considering the current global economic crisis and imploding debt bubbles.

I hate to make predictions, I'm no good at it. I see it steadily climbing hopefully but that's normal with inflation I guess. Trying to predict the spikes and drops is almost impossible I find though. I've fallen flat on that before lol. 

[Paul]

23 minutes ago, Mtaybar said:

3k-5k gold? I bloody hope not. I'd hate to see what the world would've come to if that happened. Who would buy it at that price? Everyone would be a seller lol

As we slowly get to these all time high levels. Looking ahead, I would think an escalated interest in sovereigns will continue to happen.

1oz gold will soon be out of reach to average working folk before long. 

The sovereign/ near quarter oz will still be affordable for most

[AuricGoldfinger]

We gotta be touching on £400 a sov soon

[Jake0111]

@Paul do you think we will start seeing more of the quarter sovereigns and smaller gold bullion 

[Paul]

8 minutes ago, Jake0111 said:

@Paul do you think we will start seeing more of the quarter sovereigns and smaller gold bullion 

The quarter sov of old, is the new half, the half is the new full 

The full sovereign is the new 1/2 Oz 

For those who's wages ain't kept pace with  inflation or like the good old days 

 

[Chorlton]

3 minutes ago, Paul said:

The quarter sov of old, is the new half, the half is the new full 

The full sovereign is the new 1/2 Oz 

For those who's wages ain't kept pace with  inflation or like the good old days 

 

An eighth of a sovereign may appear if the value keeps rising. Best to keep that safely in a decent sized capsule or one sneeze and its gone 😲

[vand]

Both gold and FTSE with a percent or so of their all time highs. Surely nothing to do with ongoing debasement of the currency. 

[Paul]

8 minutes ago, Chorlton said:

An eighth of a sovereign may appear if the value keeps rising. Best to keep that safely in a decent sized capsule or one sneeze and its gone 😲

1/4 sovs may as well not exist the size of them. Anything under a 1/10 should be banned for folks with bad eye sight and to protect folk not to get ripped off. +10% should be the cap of any gold bullion regardless of size you should be prepared to pay 

Who remembers buying 1/10s from HGM for +3% over spot ??? I do !

And  @Roy got some of them from me  in later stacking life.

 

[CANV]

the one below an 1/8 th of a sov is a flake    some of my wife's old Argos c**p from the early 80's will be valuable soon.. I told her 9 carat was top drawer! 

[Petra]

32 minutes ago, Chorlton said:

An eighth of a sovereign may appear if the value keeps rising. Best to keep that safely in a decent sized capsule or one sneeze and its gone 😲

They’re already here! Haven’t you seen the daytime TV adverts!?😮

[Roy]

26 minutes ago, Paul said:

And  @Roy got some of them from me  in later stacking life.

@Paul I just checked my spreadsheet, £100 each 😊

[apachebleu]

1 hour ago, Mtaybar said:

5k in a year sounds like a dream scenario doesn't it but the reasons for it going like that don't really bear thinking about. Like you said.... gold would be the last thing you'd be thinking about. 

 Maybe but sometimes herd mentality takes over, people lose their minds and random things go through the roof. Look at the gains on bitcoin and how sudden it exploded last year, look at gme and amc.

 I doubt it will happen but enough media scaremongering and some influences saying buy gold and you never know where we end up. If people see gold rising they will look to FOMO in and it can become self perpetuating.

 I kind of hope that doesn't happen because there is a price I'd have to sell the stack at and I rather like having it!

[Jake0111]

20 minutes ago, Petra said:

They’re already here! Haven’t you seen the daytime TV adverts!?😮

Think hattons of London did one 

[AuricGoldfinger]

43 minutes ago, vand said:

Both gold and FTSE with a percent or so of their all time highs. Surely nothing to do with ongoing debasement of the currency. 

@vand where the hell have you been!

should have known you’d come out the woodwork once gold was reaching an ATH 😂

hope all is good 👍 

[ShineyMagpie]

Does seem to be slowly creeping up now. Spot price went up over 1% today