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Gold Monitoring Thread £ GBP only


Paul
Message added by ChrisSilver

This topic is to discuss price action in GBP, to discuss price action in $ USD, please see this topic: https://thesilverforum.com/topic/19962-gold-monitoring-thread-usd-only/

 

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15 hours ago, StackerBritt said:

Since when did Skeletor stop being a bad guy and start economic commentary?

Skeletor might be more cheery. I just downloaded the audio off a handful of videos without seeing the thumbnail or video itself but now I get it having watched one 🤣 I'll give some more a listen  

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Bank of England raises interest rate by 0.25 percentage points

The Bank of England raised interest rates by 0.25 percentage points on Thursday, signalling that it would “act forcefully” if needed to prevent high inflation becoming more persistent.

https://www.ft.com/content/6dea82f3-59ea-4736-a0db-b808f08bab6a

🤔

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. - H.L. Mencken

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2 hours ago, modofantasma said:

Skeletor might be more cheery.

That’s the problem with a lot of these Youtube economic commentators. They tend to be full of doom and gloom like the world's about to end. But they also have some very good insights into what’s happening in the various markets so they’re worth persevering with as they give you some useful information which you won’t hear from other more mainstream media sources.

Edited by EdwardTeach
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5 minutes ago, EdwardTeach said:

That’s the problem with a lot of these Youtube economic commentators. They tend to be full of doom and gloom like the world's about to end. But they also have some very good insights into what’s happening in the various markets so they’re worth persevering with as they give you some useful information which you won’t hear from other more mainstream media sources.

Yeah don't shoot the messenger as they say

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8 hours ago, EdwardTeach said:

That’s the problem with a lot of these Youtube economic commentators. They tend to be full of doom and gloom like the world's about to end. But they also have some very good insights into what’s happening in the various markets so they’re worth persevering with as they give you some useful information which you won’t hear from other more mainstream media sources.

Mainstream media Bloomberg, FT, CNN, fox, BBC, sky is there to tell us everything is peachy and lovely. YouTube is for the doom-momger peddlers to preach 'the end of times is nigh' 

Truth is normally somewhere in the middle.

Even these billionaire hedgefund managers are not always guess right on everything they place funds in 

 

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22 minutes ago, Paul said:

We've broke £1500 again, it's going to daaaaaaa mooooooooooon 

Weird, with rates going up, hold should be going down. Expect a 3am paper sell off by the plunge team, to crash it back down where “it belongs”. Let’s see in the morning 

Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

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1 minute ago, MancunianStacker said:

Weird, with rates going up, hold should be going down. Expect a 3am paper sell off by the plunge team, to crash it back down where “it belongs”. Let’s see in the morning 

Take back what you said about thor!

I like to buy the pre-dip dip

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8 minutes ago, SovereignBishop said:

If it does go ‘to the moon’ who is going to buy our £500 sovereigns 😀

The point is at that stage the £ pound will have gone to nothing. It will be £10+ for a loaf. If the price is £500, buying pressure will have taken it there or else the price wouldn't reach £500. When GBP disappears round the U-bend there will be plenty trying to dump their fiat for real money.

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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https://www.dailymail.co.uk/news/article-10954069/Biden-anounces-G7-ban-Russian-gold-response-Ukraine-war.html

  • Biden announces G7 will ban Russian gold in response to Ukraine war as West tries to tighten financial noose around Vladimir Putin
  • Biden announced U.S. and G7 allies will ban imports of Russian gold
  • Action comes as allies try to cut off Vladimir Putin financially
  • Gold is Russia's biggest money generator after oil
  • 'The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine,' Biden said 

Thoughts on this and what it'll do to the price going forward?

India, China, UAE, Turkey are some of the worlds biggest consumers of gold who have not chosen to align with the West

But its priced in $ via the CRIME

We know Russia have been hoarding gold in vaults in past years.  Surely keeping its own gold within its own borders paying local miners in local currency for new gold supply would only strengthen the rouble and have the opposite affect of these Western leaders sanctions 

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2 minutes ago, Paul said:

https://www.dailymail.co.uk/news/article-10954069/Biden-anounces-G7-ban-Russian-gold-response-Ukraine-war.html

  • Biden announces G7 will ban Russian gold in response to Ukraine war as West tries to tighten financial noose around Vladimir Putin
  • Biden announced U.S. and G7 allies will ban imports of Russian gold
  • Action comes as allies try to cut off Vladimir Putin financially
  • Gold is Russia's biggest money generator after oil
  • 'The United States has imposed unprecedented costs on Putin to deny him the revenue he needs to fund his war against Ukraine,' Biden said 

Thoughts on this and what it'll do to the price going forward?

India, China, UAE, Turkey are some of the worlds biggest consumers of gold who have not chosen to align with the West

But its priced in $ via the CRIME

We know Russia have been hoarding gold in vaults in past years.  Surely keeping its own gold within its own borders paying local miners in local currency for new gold supply would only strengthen the rouble and have the opposite affect of these Western leaders sanctions 

I think its specifically US, UK, Japan and Canada ahead of the G7 summit? Applies to apply to newly mined or refined gold. 

UK, U.S., Japan and Canada to ban Russia gold imports | Reuters 

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