Gold Monitoring Thread £ GBP only

[KRO]

never a truer word

https://reaction.life/dont-forget-the-golden-rule-whoever-has-the-gold-makes-the-rules/

[Martin1983]

On 01/07/2022 at 18:56, Paul said:

Below £1500 again  

 

Let’s hope it keeps going down as it’s just another buying opportunity 

[HerefordBullyun]

6 hours ago, KRO said:

never a truer word

https://reaction.life/dont-forget-the-golden-rule-whoever-has-the-gold-makes-the-rules/

This.  Bang on.

[lst65]

20 minutes ago, HerefordBullyun said:

This.  Bang on.

In October last year I bought some gold…the real stuff…my precious…if I had bought an ounce in 2015 (say October) and kept it until today, the value would have doubled. Imagine if you could have purchased 50 ounces that year….

Our financial advisor said, ‘No you don’t want to touch that…too risky…’. Our sticks/shares have risen minutely in comparison. Go figure 🤔😌

[Ukbullionfan]

Just now, lst65 said:

In October last year I bought some gold…the real stuff…my precious…if I had bought an ounce in 2015 (say October) and kept it until today, the value would have doubled. Imagine if you could have purchased 50 ounces that year….

Our financial advisor said, ‘No you don’t want to touch that…too risky…’. Our sticks/shares have risen minutely in comparison. Go figure 🤔😌

So what did you learn from this other than being your own financial advisor would of sufficed. Lol

[HerefordBullyun]

2 minutes ago, lst65 said:

 

Our financial advisor said, ‘No you don’t want to touch that…too risky…’. Our sticks/shares have risen minutely in comparison. Go figure 🤔😌

Financial Advisors arent financial advisors but part of the racket!

[lst65]

Just now, Ukbullionfan said:

So what did you learn from this other than being your own financial advisor would of sufficed. Lol

😂 I learnt several things:

- It’s all a ‘game’ of risk versus reward

- My financial advisor buys us nice lunches. He’s a lovely guy. But someone always gets a cut…

- I should be my own financial advisor! Problem is, at mid 50’s, I may have left it a little late!! 😂

[HerefordBullyun]

3 minutes ago, lst65 said:

😂 I learnt several things:

 

- My financial advisor buys us nice lunches.

Have you learnt the saying. There's no such thing as a free lunch?

[ArgentSmith]

7 minutes ago, HerefordBullyun said:

Financial Advisors arent financial advisors but part of the racket!

Just Salesmen on a commission

[HerefordBullyun]

1 minute ago, ArgentSmith said:

Just Salesmen on a commission

100000000000000000000%

[modofantasma]

8 minutes ago, lst65 said:

My financial advisor buys us nice lunches

With whose money? 🤔

[lst65]

5 minutes ago, HerefordBullyun said:

Have you learnt the saying. There's no such thing as a free lunch?

But they ARE such nice lunches 😂

1 minute ago, modofantasma said:

With whose money? 🤔

Precisely…

[Ukbullionfan]

Anyway let’s hope the price hits over £1500 by 11pm

[Paul]

Buy gold, stack it store it, keep it safe. Price is only relevant when you need to cash it in. Plan stuff right in life, you'll only ever keep adding. Then revise strategy in 25+ years time 

[Lordwolfsbeard]

22 minutes ago, Paul said:

Buy gold, stack it store it, keep it safe. Price is only relevant when you need to cash it in. Plan stuff right in life, you'll only ever keep adding. Then revise strategy in 25+ years time 

We might be living in a Communist state by then.

[Paul]

3 minutes ago, Lordwolfsbeard said:

We might be living in a Communist state by then.

We may have been bailed in to ?!

if the chit hits the fan 

Bit rate BTC bit of gold bit of fiat bit of GBP £ bit of USD  euros  a Rolex watch or two gold chain , don't keep ya eggs in one basket 

[Lordwolfsbeard]

Amen to that 🍻

[Midasfrog]

Before hoovers were invented  😅

[AuricGoldfinger]

2 hours ago, lst65 said:

In October last year I bought some gold…the real stuff…my precious…if I had bought an ounce in 2015 (say October) and kept it until today, the value would have doubled. Imagine if you could have purchased 50 ounces that year….

Our financial advisor said, ‘No you don’t want to touch that…too risky…’. Our sticks/shares have risen minutely in comparison. Go figure 🤔😌

If hindsight was foresight then we would all be rich!

[Happypanda88]

I have a story to tell relating to the commission of financial advisors.

I once worked on an IT project for an Independent Financial Consultancy firm which specializes in pension funds. Over a period of time, we got to know some financial advisors. On a certain day, we noticed that one advisor has not been in work for a while so made enquiries.

We later learnt that the advisor had successfully completed a pension transfer deal on behalf of a client (transferring a company's pension fund from one provider to another). The sum was £10M if I remembered correctly. For that, the advisor who managed to persuade the client to change providers has a small percentage cut - some speculated as much as 1% or £100K. 

With that, the advisor could afford to take things easy and went on a long holiday to celebrate. 👍 

 

[Happypanda88]

8 hours ago, lst65 said:

In October last year I bought some gold…the real stuff…my precious…if I had bought an ounce in 2015 (say October) and kept it until today, the value would have doubled. Imagine if you could have purchased 50 ounces that year….

Our financial advisor said, ‘No you don’t want to touch that…too risky…’. Our sticks/shares have risen minutely in comparison. Go figure 🤔😌

Thank goodness I've never bothered with financial advisors. As soon as I was enlightened about gold as an excellent savings vehicle back in late 2014, I quickly withdrew all my premium bonds and ISAs (after mutuality) and bought some gold in summer 2015. Back then, an ounce of krugerrand was around £730. 

But as you all know, you get so attached to your shiny metals that you would take them everywhere ! 

Oh! That damn boating accident !!!  🙄

 

[lst65]

2 hours ago, Happypanda88 said:

Thank goodness I've never bothered with financial advisors. As soon as I was enlightened about gold as an excellent savings vehicle back in late 2014, I quickly withdrew all my premium bonds and ISAs (after mutuality) and bought some gold in summer 2015. Back then, an ounce of krugerrand was around £730. 

But as you all know, you get so attached to your shiny metals that you would take them everywhere ! 

Oh! That damn boating accident !!!  🙄

 

🙏😂

[Goldfever20]

Will it hold above £1800, or are we on the way back down to £1670?

[Goldfever20]

Mid term, the ship is sinking in my opinion. 

[SidS]

37 minutes ago, Goldfever20 said:

Mid term, the ship is sinking in my opinion. 

Is that Leonardo holding on the back there? I wonder if Kate will let his share the door this time?