Gold Monitoring Thread £ GBP only

[AndrewSL76]

Just been in to Hatton Garden. Total waste of time. No one is selling at a reasonable price and appear to have lost their minds. One dealer just quoted me £1750 for a bullion Krug (and when I say bullion I mean ready for the pot). A half sovereign of no discernible value was also offered to me at a price I paid him for a sovereign a while back. Won’t be going to Hatton Garden again anytime soon. 

Oh. And if you want silver coins there, you’re looking at £30 an ounce. Crazy days.

[ZRPMs]

I had thought I'd blown my £ cost average on the sovereigns with the recent purchases. Just checked I'm at 341.21 for my full and 151.61 on my half's. 

Just taking the dog for a look at where the price is going.

[KevjustKev]

11 minutes ago, AndrewSL76 said:

Just been in to Hatton Garden. Total waste of time. No one is selling at a reasonable price and appear to have lost their minds. One dealer just quoted me £1750 for a bullion Krug (and when I say bullion I mean ready for the pot). A half sovereign of no discernible value was also offered to me at a price I paid him for a sovereign a while back. Won’t be going to Hatton Garden again anytime soon. 

Oh. And if you want silver coins there, you’re looking at £30 an ounce. Crazy days.

If been there a number of times, sometimes not so good, others top notch. Very hot and cold

[AndrewSL76]

2 minutes ago, KevjustKev said:

If been there a number of times, sometimes not so good, others top notch. Very hot and cold

Totally agree Kev, but the people I buy and sell with are normally very reasonable. I hate to think what the others are like today!! 

[jultorsk]

....aaaaand it's coming down again.  🤷‍♂️

 

[Midasfrog]

33 minutes ago, jultorsk said:

....aaaaand it's coming down again.  🤷‍♂️

 

@James32 are you still doing the Irish gold dance 😂

[Midasfrog]

1 hour ago, AndrewSL76 said:

Just been in to Hatton Garden. Total waste of time. No one is selling at a reasonable price and appear to have lost their minds. One dealer just quoted me £1750 for a bullion Krug (and when I say bullion I mean ready for the pot). A half sovereign of no discernible value was also offered to me at a price I paid him for a sovereign a while back. Won’t be going to Hatton Garden again anytime soon. 

Oh. And if you want silver coins there, you’re looking at £30 an ounce. Crazy days.

I saw a lovely 1oz Krugerrand in town yesterday it was priced up as £1600 I bet its not in the window display anymore 😁

[Goldfever20]

5 minutes ago, Midasfrog said:

@James32 are you still doing the Irish gold dance 😂

 

[ZRPMs]

Live Gold Price UK in GBP per Ounce

Au

Current Price

£1,572.97

Live Change

-0.37% £-5.80

Live high £1,579.07

 

My god, Its FTX all over again.

 

SELL, SELL, SELL

[sovereignsteve]

was always going to get a knock once the US markets opened

[apachebleu]

2 minutes ago, sovereignsteve said:

was always going to get a knock once the US markets opened

 More like was always going to take a knock after I bought an ounce this morning, always the way of it 🙄 

[Midasfrog]

[Happypanda88]

Houston, we have a problem 😬 

[James32]

[SidS]

15 minutes ago, Midasfrog said:

I think we've sold the mystery of Wonga. Rest his soul.

[stefffana]

15 minutes ago, Happypanda88 said:

Houston, we have a problem 😬 

 

[Midasfrog]

[CaptCaveMan]

 

[EdwardTeach]

3 hours ago, Zhorro said:

I wonder if there will be any mention in the UK news of this price movement?

The Telegraph are attempting to play the performance of gold down by cherry picking dates when comparing performance statistics then telling people not to buy physical gold but to go for ETFs instead.

https://www.telegraph.co.uk/business/2023/02/02/every-investor-should-have-asset-portfolio-even-though-pays/

 

Edited February 2, 2023 by EdwardTeach

[sovereignsteve]

There will be the equivalent of the plunge protection team for the DOW JONES ready for whenever gold overreaches their cutoff level, but in reverse.

[AuricGoldfinger]

£1563 eh!? Bargain! I’m all in! 
 

[apachebleu]

 If 1563 is our low point then I'd say we are in damn good shape

[AuricGoldfinger]

My shares are also through the roof today. What happened lol

[EdwardTeach]

32 minutes ago, AuricGoldfinger said:

My shares are also through the roof today. What happened lol

The FED raised rates by 0.25% and the ECB and BoE raised rates by 0.5% today.

[AndrewSL76]

Please don’t get carried away. I can’t see it going higher. I can only see it dropping hard and quick. I think we will see £400 an ounce with the next few month.

Sorry…..did I just say ‘Please don’t get carried away. I can’t see it going higher. I can only see it dropping hard and quick. I think we will see £400 an ounce with the next few month.’

What I meant to say was ‘Please don’t get carried away. I can’t see it going too much higher. I can only see it dropping hard and quick. I think we will see £750 an ounce with the next few month.’

Sorry…..did I just say ‘Please don’t get carried away. I can’t see it going too much higher. I can only see it dropping hard and quick. I think we will see £750 an ounce with the next few month.’

What I mean to say was ‘Get carried away. I can’t see it going anywhere other than to the mooooon. I can only see it continuing to rise hard and quick. I think we will see £23,000.00 an ounce with the next few month.’

or something like that.