Gold Monitoring Thread £ GBP only

[Paul]

£50,000+ for a 1kg bar now  @mr-dead

These posh doorstops are getting dear  

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Added 0 minutes later...

https://www.bairdmint.com/products/1kg-gold-cast-bar

[mr-dead]

12 minutes ago, Paul said:

£50,000+ for a 1kg bar now  @mr-dead

These posh doorstops are getting dear  

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Added 0 minutes later...

https://www.bairdmint.com/products/1kg-gold-cast-bar

No regrets selling the bars at all, you cant time the markets.

I set myself targets and goals and stick to the plan, served me well to date enabling me to pay off my current house early and buy my next one for cash.  Still made 40% on what I sold and  have around 100oz gold left + a few thousand ozs of silver

 

Also the current short period of stamp duty/LTT holiday offsets some of the differential in the mid and longer term.

Edited August 5, 2020 by mr-dead

[Paul]

1 minute ago, mr-dead said:

No regrets selling the bars at all, you cant time the markets.

I set myself targets and goals and stick to the plan, served me well to date enabling me to pay off my current house early and buy my next one for cash.  Still made 40% on what I sold and  have around 100oz gold left + a few thousand ozs of silver

Oh, I never realised you had sold off your 1kgs - bricks and mortar, nearly always a good/safe investment 

[mr-dead]

2 minutes ago, Paul said:

Oh, I never realised you had sold off your 1kgs - bricks and mortar, nearly always a good/safe investment 

sold them about about 2 weeks ago + some krugs for a house purchase.

Just checked, I paid £33,328 in Sept 2017 for my Baird bar which are now £50,698.

Edited August 5, 2020 by mr-dead

[AuricGoldfinger]

@mr-dead you definitely did the right thing for you. There are always new highs and new lows. The whole point is to suit your own needs.

Did you get anywhere with the CGT?

[mr-dead]

8 minutes ago, AuricGoldfinger said:

@mr-dead you definitely did the right thing for you. There are always new highs and new lows. The whole point is to suit your own needs.

Did you get anywhere with the CGT?

I called over my accounts house a few days back to get my I.D certified for the house purchase and dropped off the paperwork for the gold sale.  Not had the figure due yet but should be sorted by Friday

[Wheatkey92]

Worth buying now or waiting for a dip? Scared I might miss the boat or have already missed it? Thinking of getting 100g

[MancunianStacker]

29 minutes ago, Wheatkey92 said:

Worth buying now or waiting for a dip? Scared I might miss the boat or have already missed it? Thinking of getting 100g

I was scared buying 10 oz Gold in March. Glad I topped up. Kept some cash back for emergency fund.

Take your own advice on this as it’s you who has to live the the “loss” or “profit”. Remember it is only realised when you actually sell. The gold stays the same! 

[Nick1368]

6 hours ago, Paul said:

Anyone going to be taking some profits from this recent uptick in price ?

Not me either, I think the party is just getting started.

[Prophecy]

No western government wants everyone's money in gold and not the stock markets. Hold onto your regulation and legislation hats.

[richatthecroft]

Good Lord.
 

 

[dicker]

Seen 1567 on Kitco a few mins ago. Gold really does does have a lot of upward momentum

[MancunianStacker]

BOE said neg rates are in the toolbox but unlikely, however 0% is more likely in Sept 2021. Cash moving into gold for a year+

Plus Turkish Lira is on its way out 😬 First of many?? Euro v $ looks sad 

[HerefordBullyun]

5 minutes ago, MancunianStacker said:

BOE said neg rates are in the toolbox but unlikely, however 0% is more likely in Sept 2021. Cash moving into gold for a year+

Plus Turkish Lira is on its way out 😬 First of many?? Euro v $ looks sad 

Neg rates are the final resort.  Look at the helicopter money funding for getting people to eat out..... by getting 50% off

Edited August 6, 2020 by HerefordBullyun

[dicker]

I haven't seen the news - thanks for this @MancunianStacker

Both will be helping Gold.  Just seen the Turkey news....central bank throwing the kitchen sink at defending the lire....

[Nick1368]

15 minutes ago, HerefordBullyun said:

Neg rates are the final resort.  Look at the helicopter money funding for getting people to eat out..... by getting 50% off

Yeah the %50 discount is crazy , my girlfriend and I had a main course and a pint each at the airport and the bill was £21 only 🤣

 

[Prophecy]

nuts

[dicker]

1572. I am keeping very very quiet about this as my wife has her eye on some new garden furniture.  

[HerefordBullyun]

7 minutes ago, dicker said:

1572. I am keeping very very quiet about this as my wife has her eye on some new garden furniture.  

Good luck with that when mainstream are starting to say about it.... I'd move to monastery with no tv and tinternet 🤣😂😂😂😂

[dicker]

I stick to the line 'it is all media fluff', brush it off and put my head back in the Telegraph when Mrs Dicker mentions the price of gold in GBP.  Lovely wife, but boy does she want some new garden furniture which looks just like the set we already have.....

[KRO]

1568 tell her its dropping like a stone today😀

[DarkChameleon]

18 minutes ago, dicker said:

I stick to the line 'it is all media fluff', brush it off and put my head back in the Telegraph when Mrs Dicker mentions the price of gold in GBP.  Lovely wife, but boy does she want some new garden furniture which looks just like the set we already have.....

My wife wants rid of ours cos its too big....cost me a bomb second hand, hand mosaic, cast aluminum, sunbrella fabric but the missus wants sonething smaller so she can complain how small it is....lol.

[HerefordBullyun]

43 minutes ago, dicker said:

I stick to the line 'it is all media fluff', brush it off and put my head back in the Telegraph when Mrs Dicker mentions the price of gold in GBP.  Lovely wife, but boy does she want some new garden furniture which looks just like the set we already have.....

Tell you what tell her it's all fake and sell to me for a £5 I will keep it warm for you.

[5huggy]

59 minutes ago, dicker said:

1572. I am keeping very very quiet about this as my wife has her eye on some new garden furniture.  

only "Furniture"! consider yourself Lucky - its just cost me 4k for a patio down the side of the house just to keep my "Brownie points" at an adequate level!

[DarkChameleon]

41 minutes ago, 5huggy said:

only "Furniture"! consider yourself Lucky - its just cost me 4k for a patio down the side of the house just to keep my "Brownie points" at an adequate level!

Ourlass wants 4k for thepatio set...shehad her eyes on some tommy baham reclining seatsthat were $2700...each.