Gold Monitoring Thread £ GBP only

[AndrewSL76]

5 minutes ago, apachebleu said:

 Oh I've not lost anything in real terms, maybe my comment was misunderstood and I'm not saying the sky is falling. I haven't bought much bullion recently and I'm lucky enough that a movement of a few hundred an oz won't have me eating dog food or prostituting myself down the docks.

 All I'm saying is that if your on crypto reddit and see the cringey nonsense being posted as prices go down you get a bit jaded with people pretending their investment being devalued is a positive thing.

  With that said I'll probably be picking up the bull of clarence gold oz soon for the bullion collection which I've been putting off

 

Sounds very positive. The issue of price movement only ever really affects people who are investing in the short term anyway. Which is why it is helpful when investing long term not not be too worried about the movements. I tend to buy when I have the money and sell things from time to time that I need to move on (whether for new funds or to make space). If I have ever sold at a loss it is usually because it was a bad investment or it was to fund something that I expect to perform better long term. My overall average for bullion is good at the moment but I did buy some shield sovereigns that were way above spot which too me up, so buying bullion now at a reduced rate brings the average cost of those coins down. 

Having a spreadsheet that records the spot price and overall average sometimes nulls the pain of selling items below what you paid. Especially when what you buy next makes the figures more attractive!! 

See the bigger picture is what I tell myself!

[Upsidedown]

£5,000 gold next week. I don't know the exact science behind it but fortune cookies don't lie.

[SidS]

8 minutes ago, Upsidedown said:

£5,000 gold next week. I don't know the exact science behind it but fortune cookies don't lie.

Why did I hear James Cagney when I read that? 😁

[apachebleu]

13 hours ago, AndrewSL76 said:

Sounds very positive. The issue of price movement only ever really affects people who are investing in the short term anyway. Which is why it is helpful when investing long term not not be too worried about the movements. I tend to buy when I have the money and sell things from time to time that I need to move on (whether for new funds or to make space). If I have ever sold at a loss it is usually because it was a bad investment or it was to fund something that I expect to perform better long term. My overall average for bullion is good at the moment but I did buy some shield sovereigns that were way above spot which too me up, so buying bullion now at a reduced rate brings the average cost of those coins down. 

Having a spreadsheet that records the spot price and overall average sometimes nulls the pain of selling items below what you paid. Especially when what you buy next makes the figures more attractive!! 

See the bigger picture is what I tell myself!

 I don't think you can be in physical gold for the short term, it has a horrible tendency to draw you in! Once you buy a couple of pieces that's you. 

[ant1882]

 

[AuricGoldfinger]

Gold below £1500 an oz!?

[Coverte]

2 hours ago, AuricGoldfinger said:

Gold below £1500 an oz!?

Possibly, there's still potential for another downward leg this year IMO, before we see much more considerable potential for an upward trend later this year and / or into 2024.

[ZRPMs]

Gold above £1500 again. No wait scratch that. forget I said anything.

[GoldDiggerDave]

11 minutes ago, ZRPMs said:

Gold above £1500 again. No wait scratch that. forget I said anything.

[ant1882]

54 minutes ago, Thelonerangershorse said:

The only thing dropping faster than the gold price is forum ranks.

Because of £ gain? Gold is up in $

[ant1882]

Personally I'm expecting a downtrend going into recession being officially announced, followed by price appreciation.

Keep stacking.

[ZRPMs]

Well, gold below £1,500. Ukraine told they can join NATO, but in a month of Sunday's starting from 32nd of Julanuary if the members agree. I wonder what this clear and decisive none message will send to Putin, and what it'll do to the gold price. 

[HerefordBullyun]

7 minutes ago, ZRPMs said:

Well, gold below £1,500. Ukraine told they can join NATO, but in a month of Sunday's starting from 32nd of Julanuary if the members agree. I wonder what this clear and decisive none message will send to Putin, and what it'll do to the gold price. 

[EdwardTeach]

14 hours ago, HerefordBullyun said:

It wants to go up but they won't let it. The more they hold it down the more upwards pressure is building up though. They can only hold it down for so long then it's to the mooooooooon!

[HerefordBullyun]

7 minutes ago, EdwardTeach said:

It wants to go up but they won't let it. The more they hold it down the more upwards pressure is building up though. They can only hold it down for so long then it's to the mooooooooon!

Just gone up now inflation figures bad!!

[EdwardTeach]

7 minutes ago, HerefordBullyun said:

Just gone up now inflation figures bad!!

Hold on tight. Next stop £4000.

 

 

 

 

 

Maybe.

[Zhorro]

26 minutes ago, HerefordBullyun said:

Just gone up now inflation figures bad!!

American inflation is the lowest for 27 months!

https://www.zerohedge.com/markets/us-consumer-price-inflation-drops-27-month-lows-longest-streak-declines-ever

[HerefordBullyun]

5 minutes ago, Zhorro said:

American inflation is the lowest for 27 months!

https://www.zerohedge.com/markets/us-consumer-price-inflation-drops-27-month-lows-longest-streak-declines-ever

Well Gold has gone up and silver by 3% something is a miss, thats in USD mind!

[Upsidedown]

27 minutes ago, EdwardTeach said:

Hold on tight.

 

[Petra]

and…. down……🐶

[Midasfrog]

Buying Fomo for gold kicks in while it's rising and at a peak , everyone wants it 🤔

Nobody wants to buy gold when it's dropped back after a peak and is in the best buying position 😆

[MancunianStacker]

OBR forecasts warn UK debt could swell to 450 PER CENT of GDP by 2070s

😱 

Buy gold 

[ZRPMs]

It keep's getting pushed back down. Nearly £1490 again. To da moooon. Bless it. Can't even get to da clouds at the moment.

 Back down we go

Edited July 13, 2023 by ZRPMs

[Paul]

21 hours ago, Petra said:

and…. down……🐶

 

19 hours ago, Midasfrog said:

Buying Fomo for gold kicks in while it's rising and at a peak , everyone wants it 🤔

Nobody wants to buy gold when it's dropped back after a peak and is in the best buying position 😆

 

3 minutes ago, ZRPMs said:

It keep getting pushed back down. Nearly £1490 again. To da moooon. Bless it. Can't even get to da clouds at the moment.

 Back down we go

 

 

 

Gold needs some of this to "keep it up" 

[AndrewSL76]

2 minutes ago, Paul said:

 

 

 

 

 

Gold needs some of this to "keep it up" 

That would be an interesting alloy.