Gold Monitoring Thread £ GBP only

[HerefordBullyun]

6 minutes ago, TheApe said:

Still going up and market just opened. Expecting big rises tomorrow...

I am hoping the western cartel don't manipulate tomorrow so my mining stocks go up also.

[DarkChameleon]

And gold breaks its record high.

[Foster88]

I think this is the day it breaks £1,500 and I predicted that by Christmas. 🤷🏻‍♂️ 😂

[PJRay]

21 minutes ago, Foster88 said:

I think this is the day it breaks £1,500 and I predicted that by Christmas. 🤷🏻‍♂️ 😂

[dicker]

Worked up for work (have.a 5am meeting with people in Asia) and genuinely am surprised to see Gold at 1505.  Thought it would stabilise / pull back.  

[MancunianStacker]

Someone was busy shopping For gold gold at 4am 😉 

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Added 0 minutes later...

https://www.google.co.uk/amp/s/www.cnet.com/google-amp/news/senates-new-1200-stimulus-check-reveal-for-monday-everything-we-know/
 

Maybe it’s close to being agreed on - more stimulus checks

[Midasfrog]

China bought another 10 Tons of gold at 4am this morning to meet the demand for the Xi Jinping lucky charm manufacturing industries.

Great Britain strikes the first Gold Sovereign with a hole in the middle as stocks of Gold fall .

 

[Nick1368]

I like what I see 🤩

£1508 as i type  wooooow 

[sovereignsteve]

Armadillo?

[Bibbs]

46 minutes ago, sovereignsteve said:

Armadillo?

Could be, but when you learn to look out for this symbols they turn out to be everywhere, and we aren't meant to understand them. 

[Foster88]

Is something soon going to correct this price back down do we think?

[Bibbs]

2 minutes ago, Foster88 said:

Is something soon going to correct this price back down do we think?

Am hoping this is 'the new normal'. 

[Airhead]

I am reminded of that Hawkwind track “Interstellar Overdrive”, sorry miss-spent youth.

[BobnotTed]

8 minutes ago, Airhead said:

I am reminded of that Hawkwind track “Interstellar Overdrive”, sorry miss-spent youth.

Silver Machine.

[Booky586]

USD gold price up 2% today, GBP gold price up 1.46%.

We always seem to be fighting exchange rates when it's moving up.

[sovereignsteve]

Space Ritual😊

[Roy]

36 minutes ago, Airhead said:

I am reminded of that Hawkwind track “Interstellar Overdrive”, sorry miss-spent youth.

A reasonable Pink Floyd cover 

[Midasfrog]

1 hour ago, Foster88 said:

Is something soon going to correct this price back down do we think?

Perhaps we are still climbing to the peak ? Once at the peak it will stay fairly level throughout the long drawn out recession , what happens after ?

£1800 by Christmas is very possible now 🙄          A five or ten or even a fifteen year recession 

Edited July 27, 2020 by Midasfrog

[MancunianStacker]

16 minutes ago, Midasfrog said:

Perhaps we are still climbing to the peak ? Once at the peak it will stay fairly level throughout the long drawn out recession , what happens after ?

£1800 by Christmas is very possible now 🙄          A five or ten or even a fifteen year recession 

Price of Gold based on 1% of UK Govt Debt is around £1,800 👍🏻 

[HerefordBullyun]

19 minutes ago, MancunianStacker said:

Price of Gold based on 1% of UK Govt Debt is around £1,800 👍🏻 

But gold is pegged against the petrodollar. And the US debt far greater. When the dollar goes pop that's when it's the end game. But will the pound pop before dollar hard to say. The dollar milkshake theory says not.

[Midasfrog]

13 minutes ago, HerefordBullyun said:

But gold is pegged against the petrodollar. And the US debt far greater. When the dollar goes pop that's when it's the end game. But will the pound pop before dollar hard to say. The dollar milkshake theory says not.

www.nationaldebtclock.co.uk   👍 UK debt is growing at £5,170 per second 😨 🤢

Edited July 27, 2020 by Midasfrog

[HerefordBullyun]

24 minutes ago, Midasfrog said:

www.nationaldebtclock.co.uk   👍 UK debt is growing at £5,170 per second 😨 🤢

Not doubting the debt for one second. But the dollar is still the world reserve currency, that's when the big difference is made. I could actually see a dip in gold if new fiat is created to replace the GBP. Especially if it's digital crypto version.

But any crash of currency  will send shockwaves especially the euro and pound and us debt is tied to it. Remember when Soros tried to crash the pound? It's no different but it's just being crashed by masses of debt.

[Midasfrog]

11 minutes ago, HerefordBullyun said:

Not doubting the debt for one second. But the dollar is still the world reserve currency, that's when the big difference is made. I could actually see a dip in gold if new fiat is created to replace the GBP. Especially if it's digital crypto version.

But any crash of currency  will send shockwaves especially the euro and pound and us debt is tied to it. Remember when Soros tried to crash the pound? It's no different but it's just being crashed by masses of debt.

Yes very true 👍 we have some interesting times ahead of us .

[HerefordBullyun]

Just now, Midasfrog said:

Yes very true 👍 we have some interesting times ahead of us .

Yep you need one big bag of popcorn. Look at the bullion by post website. People are panic buying physical now FOMO has now kicked in. And could be indicator also of loss in faith in fiat! I suspect the former because many of the masses ignorant to it. I've told some relatives to buy physical silver and they said don't tell me what to do because well get bailed out. Ignorance is bliss. 

[TheApe]

23 minutes ago, HerefordBullyun said:

Yep you need one big bag of popcorn. Look at the bullion by post website. People are panic buying physical now FOMO has now kicked in. And could be indicator also of loss in faith in fiat! I suspect the former because many of the masses ignorant to it. I've told some relatives to buy physical silver and they said don't tell me what to do because well get bailed out. Ignorance is bliss. 

What kind of a dumb response is that?

How does getting bailed out make not buying a good idea? Its the very reason they will get bailed out that they should buy.

Your family are dumb.😄