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Gold Monitoring Thread £ GBP only


Paul
Message added by 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/

📌 For general non PM chat there is the Hangout topic here: 

 

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1 minute ago, Nugget said:

£1,385 for 1 oz makes me cry a little

its ALL RELATIVE!! buddy 

I bought some at £860 and just "added patience" !

Do you think (for one minute) that this is the MAX price of GOLD!??  😉👍

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9 minutes ago, Derv said:

Did someone say £311 sovs ! Eek 

Yeah, but you have to be quick as soon as you blink they are gone! so no time to be typing with one finger sharing the info, you have to keep checking the dealers sites, good luck!

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Sovs at 1% over spot, or perhaps even under spot when you bought it? On a dealers website, on a day when the price has crashed?

I find it hard to believe but congratulations on a very good buy if you did manage it.

Edited by Shep
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10 minutes ago, Isitreal said:

Yeah, but you have to be quick as soon as you blink they are gone! so no time to be typing with one finger sharing the info, you have to keep checking the dealers sites, good luck!

From which site?

2 minutes ago, Shep said:

Sovs at 1% over spot, or perhaps even under spot when you bought it? On a dealers website, on a day when the price has crashed?

I find it hard to believe but congratulations on a very good buy if you did manage it.


very possible i got some for 318 few weeks back when price was much higher

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Just now, 5huggy said:

Gold is "GOLD" in bullion form! 😉👍

Rightly so. Very much agree.

I was just wondering which category these were listen in that they bought for £311 each.

I’ve been hovering to buy the 2021 Sovereigns all afternoon and the cheapest I can find is Bullion by Post. 🤷🏻‍♂️

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2 minutes ago, Foster88 said:

Rightly so. Very much agree.

I was just wondering which category these were listen in that they bought for £311 each.

I’ve been hovering to buy the 2021 Sovereigns all afternoon and the cheapest I can find is Bullion by Post. 🤷🏻‍♂️

 

minions what GIF

at this price £332.80

 

bang on @Isitreal 👌

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https://www.kitco.com/news/2021-01-08/Can-gold-price-drop-below-1-800-next-week-Here-is-what-s-behind-the-shocking-selloff.html

Thats from last month.

Looks like situation in US - they will print few trilion of USD, big pays of benefits to citizens, and all the money goes to the crypto and stock exchange. Look at the BTC and ETH, market cap on crypto exchanges goes up and up. If street and Wall Street see that can make more elswere, there is less demand for gold. My assumption. Just checking gold price, keep going down.. We will see where the bottom will be, so it will be an opportunity to but some. For me it is to keep for a long run, so I am not panicking..

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19 minutes ago, Shep said:

What’s the consensus then? It’s languished at this £1310 level for a few hours now. Do we think we’ve seen the bottom? 

We might see lower yet as gold is still higher than the pre pandemic level . Early February gold was £1,218 . News about the success of the vaccines could push it back down a few more £ 

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