Gold Monitoring Thread £ GBP only

[James32]

6 minutes ago, Midasfrog said:

£1555 another dip arrives 👍

Buy before it hit's £1600

£500 in umarked bills,, for froggies head on a stick.

[EdwardTeach]

9 hours ago, Roy said:

Three years ago, 'covid' entered our lives and I wasn't too bothered, i'd been through other scares and had the same attitude as you...bring it on!

The trouble was, the virus wasn't the problem, I had no bother fighting that, the problem was the government and their reaction to it.

A thread was dedicated to it by @augur and later revived by  @sixgun

'Coronavirus (SARS-CoV-2) information; no need to be panicked by the virus – but be by your police state! (Part 2)'

Would you consider the crash, or the government's response to the crash, the real issue here?

😊

Who knows what the future will bring. My aim is to be positioned with the necessary tools, knowledge and skills to be able to be flexible and adaptable to whatever situation may get thrown at me. Assuming there isn't a nuclear holocaust which I would have no control over so don’t worry about, the worst case scenario would be a total economic collapse and multi-year long depression.

If today, right now the internet stopped working, the shops never got any deliveries again, the electricity went off and the water supply stopped working I am in a position to be able deal with any or all of these situations and could do so on a permanent basis for many years if necessary. Not just to survive but to thrive. I’m not going to just hide in a cave and exist. If there’s a crash followed by a long depression I want to be able to live a good standard of life with an abundance of everything I need and be in a position to help the people around me and teach them how to do the same for themselves to if necessary. Getting prepared required buying a few new tools and taking some time to acquire some new knowledge and skills but it’s straightforward enough to do if you put your mind to it and are willing to work. Also I’m lucky enough to have access to some land in the countryside which is a big bonus too.

Financially speaking I’m also fairly well positioned to weather a crash without losing what I already have. Then on the other side of a crash after the prices of real assets drop I have some gold (not enough!) to buy them at a far more favourable ratio to what we can at the moment. So hopefully I would also in a good position to be able to actually profit very handsomely from a crash and depression. As for the government reaction. Well lets just say I’m not counting on getting any help from them any time soon. Nah, we’re probably going to be on our own and if anything the government are more likely get in the way and be a hindrance.

Hopefully there won’t be a crash or depression and we can all continue living our cosy easy lives as we are. But if the worst happens, or anything in between, I’m ready for that too.

Edited March 15, 2023 by EdwardTeach

[Paul]

We're dropping.

Wonga was right next stop $400oz soon, next stop. Sell sell sell wah dooooooooooommmed!!!! 

[SidS]

9 minutes ago, EdwardTeach said:

As for the government reaction. Well lets just say I’m not counting on getting any help from them any time soon.

If anything, the government will probably do what it always does.

It'll negate its own role in causing all of this chaos and absolve itself of any responsibility to solve it using its own means.

It'll 'acquire' the wealth of the thoughtful and most resourceful citizens who have tried to plan for their own futures. It'll then use their wealth to settle the debt burdens, the politicians will take a cut for themselves and then claim all the credit for being a benevolent and helpful government.

[katyc]

18 minutes ago, SidS said:

It'll 'acquire' the wealth of the thoughtful and most resourceful citizens who have tried to plan for their own futures. It'll then use their wealth to settle the debt burdens, the politicians will take a cut for themselves and then claim all the credit for being a benevolent and helpful government.

This is frustrating to read (because it is SO true). Jizzy ©️#nt and Ratty Sundick in todays budget will gleefully say "we told you we would get inflation down" when really it's reduced to (still terrible) level naturally - purely because people are skint.

And don't get me started on if the snowflake left take power (they probably will at next election). It would come crashing down even faster. Both sides (left and right) are trash and designed purely to make us believe we have a side to be on (distracting each side to dislike each other) so that we think there actually democracy - but really we are being controlled and manipulated.

Edited March 15, 2023 by katyc

[flyingveepixie]

1 hour ago, katyc said:

This is frustrating to read (because it is SO true). Jizzy ©️#nt and Ratty Sundick in todays budget will gleefully say "we told you we would get inflation down" when really it's reduced to (still terrible) level naturally - purely because people are skint.

10.1% according to the BoE website, which as we all know is complete bollocks in real terms for those experiencing it firsthand, and calculated from the CPI using a bunch of soft reference entities, many of which I fail to understand why they're included at all and suspect they are included to serve the purpose of making the whole look good.  Education..??  Health..??  WTF have they got to do with inflation...?  Or am I missing something..?

Anyway, apols for the off-topic rant.  Back to £1572 now...Yay..😁

 

Edited March 15, 2023 by flyingveepixie

[Midasfrog]

1 hour ago, Paul said:

We're dropping.

Wonga was right next stop $400oz soon, next stop. Sell sell sell wah dooooooooooommmed!!!! 

The dip is over now back to the MOOOOOOOOOOOoooooooooooooonnnnnn !!!! £1572

[ant1882]

£1577!

[Darr3nG]

16 minutes ago, Midasfrog said:

The dip is over now back to the MOOOOOOOOOOOoooooooooooooonnnnnn !!!! £1572

[flyingveepixie]

£1579.88

What's making it climb today..?  Jasper C*nt's  budget..?😂

 

Edited March 15, 2023 by flyingveepixie

[Solly]

£1581

[ant1882]

 

[AurumArgenti]

[SidS]

3 minutes ago, AurumArgenti said:

This was the reaction when James Doohan won the award for best actor on Star Trek.

[dicker]

Gold hit 1580 at the same time as the Saudi’s said they were not going to put more cash into Credit Suisse.  

[dicker]

Trading suspended for a number of European banks. 1582

[Zhorro]

26 minutes ago, AurumArgenti said:

Maybe the Moon is crashing towards us!

[Zhorro]

8 minutes ago, dicker said:

Gold hit 1580 at the same time as the Saudi’s said they were not going to put more cash into Credit Suisse.  

Article on Credit Suisse:

https://www.zerohedge.com/markets/credit-suisse-sparks-global-de-risking-after-top-investor-bails

[Tn21]

3 minutes ago, dicker said:

Trading suspended for a number of European banks. 1582

As in stock trading ? 

Or actual bank withdrawals?

[dicker]

Just now, Tn21 said:

As in stock trading ? 

Or actual bank withdrawals?

Trading on markets.  

Brent crude also crashed down -1.8 pct at the same time as gold hit 1582

[CaptCaveMan]

https://www.bbc.co.uk/news/business/market-data

[Tn21]

What's the cause for the volatility in this mornings session @dicker

[James32]

£1584

Lost for words 😆 

[dicker]

1590 - anyone know what just happened?

[Solly]

ATH

Edited March 15, 2023 by Solly