Gold Monitoring Thread £ GBP only

[GoldenPhil]

It's true as our crises is potential inflation and few options for safe havens in a financial collapse.  

[HerefordBullyun]

1 hour ago, Midasfrog said:

 

Given the prices are at a premium - its no brainer for china just to mine away and pay for it at price THEY dictate! They rule with an iron fist.

[Midasfrog]

1 hour ago, HerefordBullyun said:

Given the prices are at a premium - its no brainer for china just to mine away and pay for it at price THEY dictate! They rule with an iron fist.

I think your right about that Xi Jinping is a stacker and collector . Hes got his own mines and he also imports to add to his collection paying prices that are lower than he can dig it out of the ground . I don't think the Chinese people are turning 10 tones of gold into earrings every month 😄

[Minimalist]

On 27/05/2020 at 07:54, Martlet said:

Your position is the entire market is manipulated by paper market trading. The medium and long term price action has been for gold to rise.  Therefore the prices have been manipulated upward. 

Depends on the context. If you mean inflation well I would agree.

Gold and Silver is money but treated as an asset class in the eyes of the Banks, as we both know. Since the metals are finite and paper is artificially giving the illusion to holders or investors a claim to gold the financial terrorists have deliberately created an apex facilitating the illusion of demand-for-paper-for-gold, which is impossible, while the metals are held by elites making them easy to maneuver markets, crises and grow wealth simultaneously. Its an sophisticated and interesting scam.

[HerefordBullyun]

could see the fed being like this like the BOJ - wonder what will happen to the price of gold.........

[Roy]

 

[Paul]

27 minutes ago, Roy said:

 

we're all doooooooomed 

[GoldenPhil]

Lol strong pound?

[Martysmith]

1 hour ago, GoldenPhil said:

Lol strong pound?

Excatly that, poung up just over 1% against the dollar. Its actually been an OK day for gold in dollar terms. 

[TheApe]

Im starting to think we may have a period of downward movement.

 

[Prophecy]

Yup. Pound strengthening against USD as I speak, buying all the way down until I see a movement in USD spot.

[TheApe]

Gold hasnt dropped all that much against the dollar.

The dollar is falling against all other currencies which is amplifying any drop in gold prices for other currencies.

[TheApe]

Received a response from the guys at the central bank on those 1916 coins.

They checked with the numismatic advisory committee who confirmed coins are 7.8g.

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Added 0 minutes later...

Not that that wasn't already confirmed, but there you go.

[GoldenPhil]

2 minutes ago, TheApe said:

Received a response from the guys at the central bank on those 1916 coins.

They checked with the numismatic advisory committee who confirmed coins are 7.8g.

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Added 0 minutes later...

Not that that wasn't already confirmed, but there you go.

I am lost but intrigued...

[TheApe]

Just now, GoldenPhil said:

I am lost but intrigued...

Oops wrong thread

[Sparrow]

A sharp dip in the gold price today, lost ~£40/oz at the time of writing.  

This will be due to either to the dollar strengthening on better than expected US jobs data, or because I bought gold yesterday. 😅

[Xander]

1 minute ago, Sparrow said:

or because I bought gold yesterday. 😅

I know the feeling.🤢 

[GoldenPhil]

Buy again today

[Sparrow]

3 hours ago, GoldenPhil said:

Buy again today

I like your thinking, but...money. 😛

[Robda1986]

3 hours ago, Sparrow said:

A sharp dip in the gold price today, lost ~£40/oz at the time of writing.  

This will be due to either to the dollar strengthening on better than expected US jobs data, or because I bought gold yesterday. 😅

I bought beginning of last week 🤦‍♂️

[GoldenPhil]

That's my point. Keep swapping that paper for real money 

[Sparrow]

1 minute ago, GoldenPhil said:

That's my point. Keep swapping that paper for real money 

A little bit here, a little bit there 👌

[GoldenPhil]

I think gold will go to £1250 by September and then be back at £1400 by December,  before going on past £1400 to make all new time highs (maybe up to £1700). 

Edited June 6, 2020 by GoldenPhil

[McDougall]

Gold And Silver are on a Down Trend end of stock Friday and i guess we will find out more Monday if the trend continues.

[Cornishfarmer]

57 minutes ago, McDougall said:

Gold And Silver are on a Down Trend end of stock Friday and i guess we will find out more Monday if the trend continues.

No figures to prove it but it seems to me China and Russia is buying gold.... U.K. Europe and USA are buying shares.   Will see in a few months who had the correct strategy