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Paul

Gold Monitoring Thread £ GBP only

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/

 

Message added by ChrisSilver

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1 hour ago, sixgun said:

Price is very strong.
Could be £1650 later in the summer when it hits the other side of this Andrews fork.

gbpgold.thumb.png.3eb1434fad4a2a2ff16c9eae0d075cf8.png

Your prophecy is coming to fruition.

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4 hours ago, sixgun said:

Price is very strong.
Could be £1650 later in the summer when it hits the other side of this Andrews fork.

gbpgold.thumb.png.3eb1434fad4a2a2ff16c9eae0d075cf8.png

£1,800 by October??? 🤔 

😃 


Decus et tutamen (an ornament and a safeguard)

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

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36 minutes ago, pyperb said:

still worth making a purchase ? Iv'e just sorted my silver stack and was looking to move into gold

Worth grabbing a sov or 2 if you're ok with spot price movements either way. 


“Nowadays people know the price of everything and the value of nothing.” Oscillate Wildly

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29 minutes ago, goluckystayhappy said:

Some smackdown, £35/oz in a few hours.

...............nnnooooooooooooooo, it has stopped going vertical like Mike Maloney, Jim Rickards, Max Keiser, Peter Schiff & Celente said ti would,

Wonger was right $500 here we come 

doomed.jpg

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7 hours ago, pyperb said:

still worth making a purchase ? Iv'e just sorted my silver stack and was looking to move into gold

Edward The Confessor , Henry VIII and Elizabeth I all said " The time to purchase gold is NOW " 😄

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More money to be spent in the EU:

Via Euronews: Macron and Merkel back EU-bond to raise €500 billion for COVID-19 recovery plan

https://www.euronews.com/2020/05/18/macron-and-merkel-back-eu-bond-to-raise-500-billion-for-covid-19-recovery-plan



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45 minutes ago, Midasfrog said:

Edward The Confessor , Henry VIII and Elizabeth I all said " The time to purchase gold is NOW " 😄

They were all right too 👌 


Decus et tutamen (an ornament and a safeguard)

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

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Hope someone finds this interesting:
 

Gold:

Average house price in 1975 (when my dad bought his first house no other reason for this date was) £10,388.

The price of Gold was around £70 per oz. So that’s around 148.4 ozs required to buy a house. 148:1

Todays average house price is £247,000. The current price of gold is around £1,400 per oz. So that’s around 176 ozs required, 176:1

So house prices have exceeded Gold over the last 45 years (based on the paper/spot price of gold of course). 

By end of this year, these figures could look a lot different if House prices fall and gold keeps rising, it could look more like 1975’s ratio???


Now Silver:

Average house price in 1975 at £10,388. The price of Silver was around £2 per oz. So that’s around 5,194 ozs required to buy a house. 5,194:1

Todays average house price at £247,000. The current price of silver is around £14 per oz. So that’s around 17,642ozs required. 17,642:1
 

Silvers not that great a PM as gold for keeping up with house prices it seems but maybe I picked a bad year?????? Few free to mess around with the years and let me know your result.

If anyone on the other side of the pond would like to do the USA version that would be good!!!


Decus et tutamen (an ornament and a safeguard)

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

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Maybe what may be more telling in today's climate and potential future would be an idea of property prices vs gold value in a given country and currency during/following a spell of inflation/hyperinflation. It's not something I'd thought about looking into but it's sparked my interest...

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Just now, Liam84 said:

Maybe what may be more telling in today's climate and potential future would be an idea of property prices vs gold value in a given country and currency during/following a spell of inflation/hyperinflation. It's not something I'd thought about looking into but it's sparked my interest...

Yes, this is very interesting. Should the £ hyper inflate one day,  I’d also repay my interest only investment property ASAP with the [email protected] fiat. I fixed my interest rates for the long term. We could all be mortgage free rather quickly should that happen, especially with fixed interest rates. 


Decus et tutamen (an ornament and a safeguard)

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

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2 hours ago, Liam84 said:

If property pooed it's pants and gold went high in comparison I'd be looking for a rustic fixer-upper with some trees and maybe a cow...

A cash cow? 🤣


Hehe Chamoooooooooooooooon!!!!  Check my crib video https://www.youtube.com/watch?v=r_IsJbgZDTw

You can download Mike Maloney's Gold Silver book free here https://pages.goldsilver.com/freebook

You give a man a gun he can rob a bank, You give a man a bank he can rob the world.

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2 hours ago, MancunianStacker said:

Yes, this is very interesting. Should the £ hyper inflate one day,  I’d also repay my interest only investment property ASAP with the [email protected] fiat. I fixed my interest rates for the long term. We could all be mortgage free rather quickly should that happen, especially with fixed interest rates. 

Its a good time if you hold some Gold and gold goes up massively against the dollar.

It will kill people with no savings though. 

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2 minutes ago, TheApe said:

Its a good time if you hold some Gold and gold goes up massively against the dollar.

It will kill people with no savings though. 

Yeah but even if you have cash savings it could be destroyed pretty quick.

I’m not hoping it happens but glad I’ve bought the insurance.


Decus et tutamen (an ornament and a safeguard)

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

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