Gold Monitoring Thread £ GBP only

[DarkChameleon]

12 hours ago, cornishrich said:

Anyone buying the dip in gold some cheaper 1oz coins available 

Im thinking about it, the ratio for a silver trade might be very good soon as silver rises quickly and gold is slowed nicely.

[BiigT]

17 hours ago, KRO said:

yes bought some 1oz Brits late yesterday😀

Hi, can't I ask where from please? 

[MancunianStacker]

1 minute ago, BiigT said:

Hi, can't I ask where from please? 

This might help you in your quest:

http://goldprice.eu5.net

I bought my last 5oz from

Atkinsons but that was months ago now.

Ive also bought a lot from forum members so

I suggest you start there and check daily as often cheaper. 👍🏻 

[BiigT]

Thanks for your help

I do keep an eye out in sales area, but this is also helpful. I've got my fill of silver for the moment (unless the price goes down quite a bit) so it's time to start looking at gold and maybe platinum

[KRO]

5 hours ago, BiigT said:

Hi, can't I ask where from please? 

yes , one from HGM, who often offer 1 at a low premium
(today they have low premium Krugs and Philly's https://www.hattongardenmetals.com/buy/cid14/all-1oz-gold-coins)

and the remainder from Bairds

[Nick1368]

So apparently Warren Buffett has been buying huge amounts of gold lately, very interesting indeed .

[MancunianStacker]

3 minutes ago, Nick1368 said:

So apparently Warren Buffett has been buying huge amounts of gold lately, very interesting indeed .

Gold Miner called Barrick. He still needs to invest another 4.7% to hedge properly 🤔 

[Foster88]

10 hours ago, Nick1368 said:

So apparently Warren Buffett has been buying huge amounts of gold lately, very interesting indeed .

The man who advised not to buy gold, as in his words, it has no use, is now buying gold.

Where did you hear this?

[Prophecy]

54 minutes ago, Foster88 said:

The man who advised not to buy gold, as in his words, it has no use, is now buying gold.

Where did you hear this?

 

[Nick1368]

5 hours ago, Foster88 said:

The man who advised not to buy gold, as in his words, it has no use, is now buying gold.

Where did you hear this?

You better own something other than debt," Buffett says. "I've been wrong in thinking you could really have the developments you've had without inflation taking hold."
 

 

[KRO]

15 hours ago, Foster88 said:

The man who advised not to buy gold, as in his words, it has no use, is now buying gold.

Where did you hear this?

Should have listened to one of the Gold Standards greatest advocates
His father Howard

 

"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. for if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."

Source: Congressional records

Edited August 16, 2020 by KRO
additional text

[Prophecy]

7 hours ago, KRO said:

Should have listened to one of the Gold Standards greatest advocates
His father Howard

 

"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. for if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."

Source: Congressional records

Deep down, I think Buffet believes in gold. As a last resort.

[HerefordBullyun]

43 minutes ago, Prophecy said:

Deep down, I think Buffet believes in gold. As a last resort.

Deep down buffet believes in protecting  his wealth. Like any savvy person.

Edited August 16, 2020 by HerefordBullyun

[Prophecy]

2 hours ago, HerefordBullyun said:

Deep down buffet believes in protecting  his wealth. Like any savvy person.

He's probably got a private vault with a few tons in. Bought in 1971

[HerefordBullyun]

7 hours ago, Prophecy said:

He's probably got a private vault with a few tons in. Bought in 1971

He probably leases fort Knox from the Fed as it's empty anyway  so he can put his stack in there 😂😂😂😂

[HGr]

I hope this downtrend continues to next friday

[Foster88]

2 hours ago, HGr said:

I hope this downtrend continues to next friday

It seems to be yo-yo’ing a bit today.

£1463 two hours ago, now back up to £1479.

[DarkChameleon]

4 hours ago, Foster88 said:

It seems to be yo-yo’ing a bit today.

£1463 two hours ago, now back up to £1479.

It seems to be pretty stable compared to the last few weeks....

[AuricGoldfinger]

On 15/01/2015 at 16:15, Paul said:

Well Silver has its own thread for daily ongoing discussion, so we may as well have one for Gold to !

 

5th November 2014 Gold bottomed at its low for 2014 @ £718oz

 

Now today just two and bit months on @ £832 

 

I not to shabby turnaround in such a short space of time, nearly 14% appreciation!

Ok so this was 5 years ago but the 1st ever post on this thread. Now look. Predictions for the next 5 years? 👀

Edited August 26, 2020 by AuricGoldfinger

[Paul]

4 minutes ago, AuricGoldfinger said:

Ok so this was 5 years ago but the 1st ever post on this thread. Now look. Predictions for the next 5 years? 

Let me consult my research, and reach my conclusion

 

[richatthecroft]

51 minutes ago, Paul said:

Let me consult my research, and reach my conclusion

 

Paul: What's the most you've ever lost on a coin toss?

SF Member: Sir?

Paul: The most. You ever lost. On a coin toss.

SF Member: I don't know. I couldn't say.

[Paul tosses a quarter in the air, catches it, then places it on the counter with his hand over it]

Paul: Call it.

SF Member: Call it?

Paul: [sighs] Yes.

SF Member: For what?

Paul: Just call it.

SF Member: Well, we need to know what we're callin' for here.

Paul: You need to call it. I can't call it for you. It wouldn't be fair.

SF Member: I didn't put nothin' up.

Paul: Yes, you did. You've been putting it up your whole life. You just didn't know it. You know what date is on this coin?

SF Member: No.

Paul: 1958. It's been traveling 22 years to get here. And now it's here. And it's either heads or tails, and you have to say. Call it.

SF Member: Well, look...I need to know what I stand to win.

Paul: Everything.

SF Member: ...How's that?

Paul: You stand to win everything. Call it.

SF Member: All right. Heads, then.

[Paul removes his hand, revealing the SF Member made the correct call]

Paul: [suddenly] Well done! [flicks the quarter to the SF Member] Don't put it in your pocket.

SF Member: Sir....?

Paul: Don't put it in your pocket. It's your lucky quarter.

SF Member: Well, where do you want me to put it?

Paul: Anywhere, not in your pocket. Where it'll get mixed in with the others and become just a coin...which it is.

Edited August 26, 2020 by richatthecroft

[Paul]

Great film  

[Bratnia]

8 hours ago, AuricGoldfinger said:

Ok so this was 5 years ago but the 1st ever post on this thread. Now look. Predictions for the next 5 years? 👀

May go up and buy more of other stuff, may go down and other stuff will buy relatively more gold. If down I'll likely have accumulated more ounces of gold and less of other stuff, if up likely I'll be holding fewer ounces of gold and have accumulated more of other stuff. Predicting which? I suspect some of both and subjective to which specific periods you actually look at. Don't really care if its selling some gold that puts food on the table, or whether its selling some of other stuff. Either way they'll be food on the table.

[Paul]

anyone know why the big spike up today in gold and silver ?

[UncommonSeal]

 

26 minutes ago, Paul said:

anyone know why the big spike up today in gold and silver ?

Fed announced inflation goals

edit: but it’s back down again now 

Edited August 27, 2020 by UncommonSeal