Gold Monitoring Thread £ GBP only

[Smiler999]

1600 this week me thinks

[EdwardTeach]

15 hours ago, Paul said:

Crypto has had some moon-ward movement to the past week in line with gold 

I'm waiting for Bitcoin to drop down to $12,100 at which point I'll begin dollar cost averaging in and keep buying some more every time it drops another $500 below that.

 

Edited January 15, 2023 by EdwardTeach

[Bigmarc]

41 minutes ago, EdwardTeach said:

I'm waiting for Bitcoin to drop down to $11,100 at which point I'll begin dollar cost averaging in and keep buying some more every time it drops another $500 below that.

 

At what price are you going to sell?

[SidS]

12 hours ago, GoldenGriffin said:

I'm still waiting for spot price to go to £1.200! It could still happen, but my gut feeling is it is going to stay pretty much where it is now, give or take (woo, just seen a fox!) 5%.

Hey that's my number! 😉

[EdwardTeach]

10 hours ago, Bigmarc said:

At what price are you going to sell?

I won’t sell it as such (by which you mean exchange it for dollars or pounds etc). No, I intend to hold on to it for several years until unbacked fiat currencies like the dollar and pound are near worthless, then I will spend the bitcoin directly like money and buy real world goods with it.

That’s assuming it goes up over the long run of course. It may well end up being worthless which is why I won’t invest much into it compared to what I put into gold and silver. In my opinion crypto is more of a high risk/high reward gamble where precious metals are a low risk/medium reward saving which I can depend on.

[Bigmarc]

29 minutes ago, EdwardTeach said:

I won’t sell it as such (by which you mean exchange it for dollars or pounds etc). No, I intend to hold on to it for several years until unbacked fiat currencies like the dollar and pound are near worthless, then I will spend the bitcoin directly like money and buy real world goods with it.

That’s assuming it goes up over the long run of course. It may well end up being worthless which is why I won’t invest much into it compared to what I put into gold and silver. In my opinion crypto is more of a high risk/high reward gamble where precious metals are a low risk/medium reward saving which I can depend on.

Yes, worth a gamble I will start layering out if it ever reaches its previous high again. Then aim to top up on gold. I have no interest long term. 

[Ape]

35 minutes ago, EdwardTeach said:

I won’t sell it as such (by which you mean exchange it for dollars or pounds etc). No, I intend to hold on to it for several years until unbacked fiat currencies like the dollar and pound are near worthless, then I will spend the bitcoin directly like money and buy real world goods with it.

That’s assuming it goes up over the long run of course. It may well end up being worthless which is why I won’t invest much into it compared to what I put into gold and silver. In my opinion crypto is more of a high risk/high reward gamble where precious metals are a low risk/medium reward saving which I can depend on.

I have relatively small amount of Bitcoin that I bought at 19k( before it dropped to 16k). 

My strategy is to dollar cost average in. Ill buy more at end of month regardless. One thing I learned with Crypto is that waiting for something like 11k can be dangerous. Just my thoughts.

I have very small amount.....but in my opinion anywhere between 10k -20k is decent range to buy.

[Ape]

But sorry...back to gold.

How do we think gold will react to what seems inevitable stock market drop....rally in stocks seems like sucker rally to me.

[EdwardTeach]

10 hours ago, Ape said:

I have relatively small amount of Bitcoin that I bought at 19k( before it dropped to 16k). 

My strategy is to dollar cost average in. Ill buy more at end of month regardless. One thing I learned with Crypto is that waiting for something like 11k can be dangerous. Just my thoughts.

I have very small amount.....but in my opinion anywhere between 10k -20k is decent range to buy.

I ment to say I'll start buying in at $12,100 not $11,100. It's still a gamble I know but I'm not worried if I miss out on it. You can't really miss what you never had. At this point in time I thinks it's better to be buying gold and silver rather than crypto as I think the crypto market still has a little bit more to drop yet before it reaches the bottom of this cycle.

 

10 hours ago, Ape said:

But sorry...back to gold.

How do we think gold will react to what seems inevitable stock market drop....rally in stocks seems like sucker rally to me.

My guess is there will probably be a small pullback in the gold price sometime over the next few weeks before going up again to a new all time high later in the year.

 

Edited January 15, 2023 by EdwardTeach

[Stu]

Shanghai and Singapore opening in 45 minutes. Which way will she go? I think upwards. 

[Fenlander1]

I hope upwards.

[dicker]

53 minutes ago, Stu said:

Shanghai and Singapore opening in 45 minutes. Which way will she go? I think upwards. 

I thought the first markets open 2300GMT?

[EdwardTeach]

1 hour ago, Stu said:

Shanghai and Singapore opening in 45 minutes. Which way will she go? I think upwards. 

It will definitely go up unless it goes down.

 

Edited January 15, 2023 by EdwardTeach

[MrStacker]

It will shoot up this week. I can't see it dipping early this week. 1oz coins at dealers may end up reaching close to 1700 mark.

[dicker]

My guess is it’s going up.

[James32]

I think we end the week at an all time high, around £1590.

[James32]

Ideally, it would be £1200 Monday through Wednesday, £1570 again Thursday and finishing at £1800 Friday.

Nice week,that will do.

[Goldfever20]

RSI at 74.5, it might go up a bit to the ATH and there will be a pull back soon.

[Stu]

1 hour ago, dicker said:

I thought the first markets open 2300GMT?

Apologies, the website I was looking at has now reset and saying 23:00GMT also. Still up, up and away. 

[Leonmarsh]

Hope slowly works it way down to a quid by 2024 when I'm back buying lol 

Not really hope it does well for everyone 

[ArgentSmith]

[EdwardTeach]

46 minutes ago, James32 said:

Ideally, it would be £1200 Monday through Wednesday, £1570 again Thursday and finishing at £1800 Friday.

Nice week,that will do.

Ideally, it would go straight up to £2,000 and stay there for the next month. Then once I've saved up enough money to buy another Sovereign it will drop down to £500 for 5 minutes while I place my order then immediately jump straight back up to £2,000 again after I've clicked on the buy button and my order has been processed.

Edited January 15, 2023 by EdwardTeach

[James32]

17 minutes ago, EdwardTeach said:

Ideally, it would go straight up to £2,000 and stay there for the next month. Then once I've saved up enough money to buy another Sovereign it will drop down to £500 for 5 minutes while I place my order then immediately jump straight back up to £2,000 again after I've clicked on the buy button and my order has been processed.

Hope they sell out tonight 🤣

[SidS]

2 hours ago, James32 said:

Ideally, it would be £1200 Monday through Wednesday, £1570 again Thursday and finishing at £1800 Friday.

Nice week,that will do.

Buy on Wednesday, sell on Friday eh?

[SidS]

1 hour ago, Leonmarsh said:

Hope slowly works it way down to a quid by 2024 when I'm back buying lol

This has to be the best post. 🤣