Gold Monitoring Thread £ GBP only

[Paul]

32 minutes ago, dicker said:

1308.  

next to no movement all for the week on gold

[AuricGoldfinger]

I keep waiting for it to rocket. £500 a sovereign would be nice

[Coverte]

29 minutes ago, AuricGoldfinger said:

I keep waiting for it to rocket. £500 a sovereign would be nice

That would be nice in theory, but last time it happened it dropped just as fast.

I'm relaxed that at least it's stable and any rocket type action happens when the thin veneer of the ridiculously overpriced markets see a massive correction;

that may be anything from Autumn this year and Spring/Summer next year, but the fan is going to get hit hard and not in the too distant future - the only thing I'm sure of, it will happen.

[AuricGoldfinger]

Crypto bubble going pop will also see floods of money pouring into gold

[dicker]

Au GBP1314 this morning

Bitcoin down to USD43k.  I do wonder about the elasticity of the BTC “investors” patience and if further big falls will support a rise in gold.  

[RustyShackleford]

On 15/05/2021 at 21:02, AuricGoldfinger said:

I keep waiting for it to rocket. £500 a sovereign would be nice

I keep waiting for it to fall.

😁

[Stacktastic]

6 hours ago, dicker said:

“investors” 

*Gamblers 😛

Would be nice to have a big run down to be fair on Gold, but I don't see it now. 
I almost bought a gold coin yesterday, but spent the money on Silver. 
Which is also not looking that cheap compared to this time last year. 

Edited May 17, 2021 by Stacktastic

[EdwardTeach]

  

1 hour ago, Stacktastic said:

I almost bought a gold coin yesterday, but spent the money on Silver. 

  At the moment do you think gold or is a better investment in the UK where we have to pay an extra 20% tax on silver purchases?

[Coverte]

2 minutes ago, EdwardTeach said:

  

  At the moment do you think gold or is a better investment in the UK where we have to pay an extra 20% tax on silver purchases?

Both have their merits, a % of both is my personal preference, tilting currently to secondary market silver.

There is no VAT, as such, on silver items here, or from dealers using the margin scheme;

occasionally a good silver price may come up, just follow the for sale section here, and also register with all the reputable sites and set up stock alerts for 'second hand' silver. 

[EdwardTeach]

How about platinum instead of gold or silver?

Will that also be easy to sell when the time comes?

[Coverte]

48 minutes ago, EdwardTeach said:

1] How about platinum instead of gold or silver?

2] Will that also be easy to sell when the time comes?

1] Platinum biggest use is in catalytic converters; the proposed phasing out of petrol cars may be part of the reason it is currently out of favour and has plummeted compared to Gold in price.

2] I don't know if it other uses, jewelry, computer hard drives (although, those now being replaced with SSD's)  dental, and misc industrial uses is big enough to compensate.

With all that said, I'm a contrarian, so since it's so cheap now, buy volume/s on lows.

[dicker]

Food for thought...

 

 

[AuricGoldfinger]

🤞 

[pricha]

On 15/05/2021 at 21:02, AuricGoldfinger said:

I keep waiting for it to rocket. £500 a sovereign would be nice

It would be terrible .  I wouldn't buy at that price. 

[AuricGoldfinger]

Haha me neither but it might tempt me to sell some!

[Uksilverstackers]

10 hours ago, pricha said:

It would be terrible .  I wouldn't buy at that price. 

Some people probably said that about £300, £200, £100..... 😉

[SidS]

1 hour ago, Uksilverstackers said:

Some people probably said that about £300, £200, £100..... 😉

Ah when sovereigns were £60 a piece, those were the days!

And to think I thought shield sovereigns were overpriced at £80 each.

[dicker]

On a day when BTC was hammered, gold rose just a little more.   Almost as if to signal “I am gold, I do my own thing, I have been doing it for a few thousand years and I am just going to tick up a little to...”

GBP1330

[Paul]

12 minutes ago, dicker said:

On a day when BTC was hammered, gold rose just a little more.   Almost as if to signal “I am gold, I do my own thing, I have been doing it for a few thousand years and I am just going to tick up a little to...”

GBP1330

Wish gold would one time peak at $63,000 i could retire then !  

[dicker]

Just now, Paul said:

Wish gold would one time peak at $63,000 i could retire then !  

I think it’s stability means that it won’t explode in price, but will hold its value over a very long period of time.  

[DarkChameleon]

3 minutes ago, Paul said:

Wish gold would one time peak at $63,000 i could retire then !  

If only, people who,invest never seem to know when to get off the train and wait for another or just get off and stay off.

[Paul]

1 minute ago, dicker said:

I think it’s stability means that it won’t explode in price, but will hold its value over a very long period of time.  

true - gold is more easy on the stress levels, thats for sure compared to BTC 

[KevjustKev]

42 minutes ago, Paul said:

Wish gold would one time peak at $63,000 i could retire then !  

It hasn't and I did!🤣

[Stacktastic]

This might mean a quick decent leg up in gold if people move from Bitcoin. 

Edited May 19, 2021 by Stacktastic

[Paul]

4 minutes ago, Stacktastic said:

This might mean a quick decent leg up in gold if people move from Bitcoin. 

Some might be shaken out if BTC given this volitality this week and prefer gold