Gold Monitoring Thread £ GBP only

[Tipsmart]

I'm not sure? I think crypo currancies and blockchain fuctions, have their place in the near future. But I'm not convinced on the long bid on these tokens? It's not really out of the system. There's kids in the US getting jailed now, for not paying cap gains on crypto holdings. 

[Stacktastic]

19 hours ago, Swampy said:

Instead I've taken the money and put it into a new Coinbase account. 

But at this point, I'll be honest, and say - I feel very uncertain about this idea and it just feels like a massive gamble.

I wouldn't hang about, I think it will shoot up soon. 
Luckily I put £1000 in blockchain stocks before the close yesterday,
I cant see it dropping again, but the markets are pretty red atm.
but yes it is a gamble as it can go down as well as up. 

With a falling gold price its a good hedge to put at least 5% to crypto. 
Plus you can set stop losses which you cant do on a stack of metal.

I cant see any other asset that worth purchasing which makes me wonder if sitting on cash is a better option. 
Gold will come back hard I think it just needs the catalyst. Its no secret to anyone who is savvy that its on sale right now. 
Bit like the oil deals last summer. 

Edited March 3, 2021 by Stacktastic

[Stacktastic]

13 hours ago, HerefordBullyun said:

Absolute sleeping tiger.

This is a fabulously simple video & I would say very accurate for a prediction. 
The best bit is he has said that gold will bounce around April May support.
Towards the second half of This year it should go up with: 

- inflation,
- bond yields and feds responses
- capital gains tax changes on large companies
- tech and general stock market corrections/crashes

He has been buying GDXJ recently as a bounce trade, but will be topping up his GLD soon. 
He has not mentioned unemployment & stimulus, but I think that will massively affect things. 

It would be nice to be a sleeping tiger for a few month, so I can get back to work, earn money and buy some physical.
Ideally I can sell some tech stocks at an all time high too. 
 

 

 

Edited March 3, 2021 by Stacktastic

[raghav123]

We are creeping awfully close to the $1700 mark! 😬

[Pete]

Are the gold buyers from last September still happy with their "investment" ?
Did you dig out the BullSh*t published 6 months ago about now is the best time to buy etc ??
Scary times ahead so do you jump in now or wait for further dips ?
I bought gold this week and already showing a little pain but when will we see the bottom - any time travellers willing to input their data ?????

[Pipers]

32 minutes ago, Pete said:

Are the gold buyers from last September still happy with their "investment" ?
Did you dig out the BullSh*t published 6 months ago about now is the best time to buy etc ??
Scary times ahead so do you jump in now or wait for further dips ?
I bought gold this week and already showing a little pain but when will we see the bottom - any time travellers willing to input their data ?????

You will find them saying now is the best time to buy, then next week will be the best time to buy also in 6 months it will be the best time to buy, i just wonder if they are getting kick backs.

[FlorinCollector]

@Pete Only one that got me was paying £1400 for the last qb couldn’t hold out any longer and look what happens. Ohwell.

[stefffana]

36 minutes ago, Pipers said:

You will find them saying now is the best time to buy, then next week will be the best time to buy also in 6 months it will be the best time to buy, i just wonder if they are getting kick backs.

Yes, I agree. In any moment it is a good time to buy if you are looking for medium to long term of 5-20 yrs. In next future will be minimum one day when the price will be higher than the moment when you have bought and you can recover your money invested. I am still buying. 

If you are looking only for short term, it is another story.

Cheers!

Stefan.

[Pete]

13 minutes ago, JosephM said:

@Pete Only one that got me was paying £1400 for the last qb couldn’t hold out any longer and look what happens. Ohwell.

I hesitated buying a QB when it was priced at £1,050 believing it would fall to below £1,000 but today I would have to pay about £1,600 so that's put an end to collecting them all.
Kind of tempting to sell my QB gold coins, take profits and buy 2021 sovereigns which are currently a decent price.

[Stu]

I regret not bagging a 50 pesos from HGM years ago when the price dipped below a grand!

[KPW82]

On 03/03/2021 at 15:52, raghav123 said:

We are creeping awfully close to the $1700 mark! 😬

Gone 😯

[Jvw]

$1699,26 🤭

[KPW82]

7 minutes ago, KPW82 said:

Gone 😯

Back over 🤣 that was quick 

[Foster88]

2 hours ago, Pete said:

any time travellers willing to input their data ?????

You need to ask these two. 😂

 

Edited March 4, 2021 by Foster88

[Ceaiu]

Problem is that with every decrease in spot price comes a decrease in available stock at dealers.

And considering that refineries experienced lockdowns last year, it's not going to be pretty. 

[Swampy]

I've just gone through todays emails and read the summery from 'Bullion by Post'... 

"Gold might be at $1,717.10 per ounce, but the forecast to hit $2,300 this year still stands. Gold does well in times of inflation, and people will realise that as the year goes on"

 

 

[HelpingHands]

Is it over the weekend that the 1.9T stimulus might pass?

Dump before then pump next week?

[272]

3 hours ago, Pete said:

Are the gold buyers from last September still happy with their "investment" ?
Did you dig out the BullSh*t published 6 months ago about now is the best time to buy etc ??
Scary times ahead so do you jump in now or wait for further dips ?
I bought gold this week and already showing a little pain but when will we see the bottom - any time travellers willing to input their data ?????

Depends on why you bought I suppose - I  bought gold last year not as an 'investment ' but as a hedge given the uncertainty of the times. If I had wanted to make real money I would have thrown it all Bitcoin  or a couple of key stocks but that's the wonder of hindsight (and time travel 😀)  - as in reality I never would have gambled with my assets and gone 'all in' like that so not much point feeling sore about it. I 'm personally  not staking gold is going to 'shoot to the moon' , but its nice to have just in case everything else goes pear shaped!

[Cogload]

36 minutes ago, Swampy said:

I've just gone through todays emails and read the summery from 'Bullion by Post'... 

"Gold might be at $1,717.10 per ounce, but the forecast to hit $2,300 this year still stands. Gold does well in times of inflation, and people will realise that as the year goes on"

 

 

Same email - for a giggle I went on BBP and was met with wall to wall "awaiting stock".  Buy! Buy! Buy! (if we have it in... ;-)). 

 

edit - even the Royal Mint is getting in on the pumping action - just received an email urging me to buy now as the price is a dropping...

Edited March 4, 2021 by Cogload

[Kman]

I still think we're in the period highlighted, something will happen to kick gold on to the next leg up, probably come down more in the meantime

It's that or the world just opens up out of covid like nothing happened, all the jobs come back, all the new heavy debt doesn't matter, all the businesses lost and struggling just spring back to flourishing 

 

[Nick1368]

We are talking about Gold , we have no reason to doubt it , as a safe haven it has always done it’s job throughout the history and will continue to do so , no reason to be concerned about Gold unless you looked at it as a short term investment when you bought it .

So Don’t worry, the situation is good as Gold 😉

[Bars]

Gold is forever wealth as belangp says. Your ozs haven’t dropped just the currency value linked to it (which in reality is not really linked). 

Its a store of value a commodity. It does what they say it does. Be grateful you have it, most people don’t....

 

 

[stefffana]

Always was very interesting the reaction of investors when are this type of fluctuations of spot gold price. More pandemic than a virus is the panic.

But what are doing now the biggest National Banks all around the world? They are selling? Definitely not. They are buying, especially when is expected a  storm of crisis, to consolidate their currencies when necessary. 

I will do the same. I am not rich, I will never be, but I will preserve my wealth, avoiding to became in the future an old pauper.

I will enjoy buying any kind of gold, laughing when I am buying this month more gold with the same money comparing to last month.

Cheers!

Stefan.

 

 

[Nugget]

Been watching the price this week.  Waiting to see if I can grab another 1 Oz Brit for around £1280 lol.

I usually don't price watch, when I have the cash I just buy something each month....now I'm trying to save a fiver lol 😂

[kurama]

1 hour ago, Nugget said:

....now I'm trying to save a fiver lol 😂

I know what you mean, however I think that fiver I've saved will go towards my large cod and chips later for fish and chip Friday 🤣