Gold Monitoring Thread £ GBP only

[SidS]

41 minutes ago, EdwardTeach said:

Cash is king. Right now my bank account balance shows £0.00.

I wish mine did. Mine shows a few numbers with a funny '-' sign in front. I get a lot of that. 😁

[Zeuk]

lol just read some investment guy on Linkedin recommending startups to keep some of their capital in gold bars 

[GoldenGriffin]

5 minutes ago, Zeuk said:

lol just read some investment guy on Linkedin recommending startups to keep some of their capital in gold bars 

Just don't buy the credit suisse ones! 🤣

[Paul]

1 minute ago, GoldenGriffin said:

Just don't buy the credit suisse ones! 🤣

They might have a chocolate centre ! 

[dicker]

25 minutes ago, Zeuk said:

lol just read some investment guy on Linkedin recommending startups to keep some of their capital in gold bars 

Stable door…..

[Paul]

With banks crashing left and right 

Reading through it all.

Who feels a bit warm and fuzzy holding these barbarous relic golden coloured pet rocks  ?? 

 

[GoldenGriffin]

Hand up, I feel quite warm and fuzzy... 😊

Let's see what else unfolds...

Edited March 12, 2023 by GoldenGriffin

[Paul]

We need trump to do some tweeting to get us through £1600 and on the way the £2000oz +

[bluemoon]

1 hour ago, Earthmetal said:

I like the idea, but I'm unsure of the practicalities of paying council tax, gas, electric water, bills etc.

 

1 hour ago, flyingveepixie said:

Make small deposits as and when you need to pay bills...? 🤔  It might be a pain in the butt doing it tht way but with things going in the direction they are the banks can't be trusted.

flyingveepixie has the right approach. You can also pay those bills at the Post Office in cash.

Edited March 12, 2023 by bluemoon

[GoldenGriffin]

Climate change lockdown next I reckon and then over the £2,000 threshold...

But the question is when and as we all know, gold tends to move slow for a while and can be a slight delay in the sudden move up...

Edited March 12, 2023 by GoldenGriffin

[bluemoon]

11 minutes ago, Paul said:

We need trump to do some tweeting to get us through £1600 and on the way the £2000oz +

Or Elon.

[katyc]

SVB collapsed Friday in USA, but I'm guessing many didn't hear about it in the news until late Friday or the next day even (when the market is closed).

So while the gold chart movements are closed over the weekend, surely millions have been Googling and YouTubing - getting scared - buying gold, meaning a big spike when the markets open at 11pm?

Although every time I have a thought like this, the markets open and nothing happens so I'm not gonna risk getting excited!

Edited March 12, 2023 by katyc

[dicker]

So keeping to the thread purpose - I am going for 1560 tomorrow.  Any advances?

[katyc]

7 minutes ago, dicker said:

So keeping to the thread purpose - I am going for 1560 tomorrow.  Any advances?

I'm gonna go 1571.23 😆

Did I won yet?

Edited March 12, 2023 by katyc

[Paul]

22 minutes ago, katyc said:

SVB collapsed Friday in USA, but I'm guessing many didn't hear about it in the news until late Friday or the next day even when the market closes.

So while the gold chart movements are closed over the weekend, surely millions have been Googling and YouTubing - getting scared - buying gold, meaning a big spike when the markets open at 11pm?

Although every time I have a thought like this, the markets open and nothing happens so I'm not gonna risk getting excited!

I think this, then everything goes down 👇

[GoldenGriffin]

I think a little increase to £1,570 and then possibly back down again.

Gold goes up significantly when the globe is hit by a shocker and everyone knows about it in the media.

Edited March 12, 2023 by GoldenGriffin

[EdwardTeach]

2 hours ago, Paul said:

With banks crashing left and right 

Reading through it all.

Who feels a bit warm and fuzzy holding these barbarous relic golden coloured pet rocks  ?? 

 

I’m kind of excited for sure but it also feels like a bit hollow victory too to be honest.

If this crash does happen and it spreads in a big way then millions, possibly billions of people will loose their jobs, their pensions, their homes and be left to go hungry and cold due to poverty. I’m glad I own gold because I think we're right but hope and pray that we're not.

Edited March 12, 2023 by EdwardTeach

[EdwardTeach]

33 minutes ago, GoldenGriffin said:

Gold goes up significantly when the globe is hit by a shocker and everyone knows about it in the media.

There’s possible contagion effecting Etsy already with sellers there are not getting paid. Rumours on the internet are that Etsy is still taking payments from the buyers but they are holding onto the currency instead of passing it onto sellers.

Edited March 12, 2023 by EdwardTeach

[ArgentSmith]

3 minutes ago, EdwardTeach said:

I’m kind of excited for sure but it also feels like a bit hollow victory too to be honest.

If this crash does happen and it spreads in a big way then millions, possibly billions of people will loose their jobs, their pensions, their homes and be left to go hungry and cold due to poverty. I’m glad I own gold because I think we are right but hope and pray that we're not.

I think Gold is up tomorrow. Remember though the problem here is a relative lack of fiat vs an abundance of fiat a few short months ago and Gold isn't fiat.

[GoldenGriffin]

8 minutes ago, EdwardTeach said:

There’s possible contagion effecting Etsy already with sellers there are not getting paid. Rumours on the internet are that Etsy is still taking payments from the buyers but they’re are holding onto the currency instead of passing it onto the sellers.

Worrying...

A sign of things to come possibly for other businesses and the domino's may start to fall and gold may actually go higher but end up in the media after gold's increase?

I think this happened with COVID when gold crept up at the back end of 2019, but the media spoke of COVID a number of months after the gold increase, if I remember correctly?

Edited March 12, 2023 by GoldenGriffin

[FriedrichVonHayek]

Looking forward to seeing Exter's Pyramid trending on the Net.

[Zeuk]

14 minutes ago, EdwardTeach said:

There’s possible contagion effecting Etsy already with sellers there are not getting paid. Rumours on the internet are that Etsy is still taking payments from the buyers but they’re are holding onto the currency instead of passing it onto the sellers.

Hope not, my 10yr old daughter has just started an Etsy store.  Would hate to see her capitalist ambitions deflated at such a young age. 

[modofantasma]

https://www.reuters.com/article/us-bearstearns-chronology-idUSN1724031920080317

Take a look at this timeline and compare it to the gold price charts at the time.... 

 

[watchesandwhisky]

We just sold an item on etsy today, will update if no payment received. 

[bluemoon]

With the sentiment here calling gold to go up, is that not a sign that it will go down?