Gold Monitoring Thread £ GBP only

[Geovest]

From memory going back years, about 3.5g per tonne is considered average. With modern mining they can mine down to 1g per ton economically

[sixgun]

Just in case anyone was ever in doubt - except it was much more widespread and involves the central banks.

JPMorgan gold desk ripped off market for years, jurors told

https://themalaysianreserve.com/2022/07/09/jpmorgan-gold-desk-ripped-off-market-for-years-jurors-told/

[modofantasma]

Monday morning? 

[chrisdobb]

13 hours ago, modofantasma said:

Monday morning? 

REALLY !!!!!!!!!!

[modofantasma]

20 minutes ago, chrisdobb said:

REALLY !!!!!!!!!!

It was a question, not necessarily my personal forecast

[Darr3nG]

To the moon!!!

[Paul]

16 hours ago, Darr3nG said:

To the moon!!!

of course its gone up - i sold off £10k's worth of gold over this weekend  

[James32]

@FlorinCollector you still in the country?

[Britannia47]

On 07/07/2022 at 18:26, RDHC said:

I seem to recall that my source stated that a good target for a productive mine would be 8 grams per metric tonne of unrefined ore, less if the mine were not so productive. So, 31 million metric tonnes of ore might yield 248 million grams, which is 248 tonnes, if I have the maths correct. That's a useful amount of gold but it does not square with 300 thousand tonnes.  However, I would advise anybody to check my figures.

 

On 14/05/2022 at 10:17, Britannia47 said:

Today its a 'Metalor' 100g (3.2 ozs) cast gold bar, a piece of gold bearing ore, and the approx. equivalent weight in coinage - 3, 1oz Brits. and a 1/4 oz QB.

In the 'Gold' section there's a thread on 50 gram bars, minted or cast? Well, that's a matter of preference. I prefer 'cast' but also like the minted 'Britannia' bar. However, if you really want to appreciate gold for what it is in its 'raw' state, this is a no-brainer! How can a small 100 g bar (45mm x 25mm x 5mm) feel so good to touch and fondle? Just feel the weight and its 'WOW'! The alternative is to have a minted bar behind plastic and never touch it at all. I do understand about preserving condition/grading etc, but not for me (apart from my Proofs)

This piece of ore comes from the deepest gold mine in South Africa 'The Western Deep Levels' at 3.7km or 2.3 miles. where the purity is about 7.6grams per tonne. That means extracting about 4 tonnes for every 1oz coin. To make this 100g bar would mean an extraction of 12.8 tonnes. So next time you look at one of your coins.......     😀

Your 8 grams is probably about right. This information might be useful for James32 who of course doesn't have any gold!.....😂

[James32]

5 minutes ago, Britannia47 said:

 

Your 8 grams is probably about right. This information might be useful for James32 who of course doesn't have any gold!.....😂

Wow.. I can literally say mountains have been moved on my behalf 🙃

[chrisdobb]

On 10/07/2022 at 11:14, modofantasma said:

It was a question, not necessarily my personal forecast

You were on the right track, not through the roof but still up.

[AuricGoldfinger]

3 hours ago, chrisdobb said:

You were on the right track, not through the roof but still up.

Not even in the attic nevermind through the roof!

[gji25]

seems plausable 😃

 

[FlorinCollector]

@James32🙉🙉

[James32]

4 minutes ago, FlorinCollector said:

@James32🙉🙉

@James32 can no longer accept messages from this user!

Please refer to quick start guide rule 17:1

[Paul]

We're down ten squid an Oz week on week w'ah doooooooommmmmmmed 

 

[Ukbullionfan]

 

[SidS]

6 minutes ago, Ukbullionfan said:

 

Forgot that song existed. Sadly, very apt with both gold and silver of late!

[Stacktastic]

3 hours ago, Ukbullionfan said:

 

GOLD = stairs down - Escalator up 

Unlike the stairs up - escalator down analogy on most other stocks & some assets. 😛 

Edited July 16, 2022 by Stacktastic

[Ukbullionfan]

It’s crashing line a Gooden £1427 and falling. 

[FlorinCollector]

@James32 are we there yeeeeetttt? 😆

[James32]

Just now, FlorinCollector said:

@James32 are we there yeeeeetttt? 😆

Getting there and I've never been happier to be wrong.

What was the exact amount again per sov?

[AuricGoldfinger]

 

[FlorinCollector]

6 minutes ago, James32 said:

Getting there and I've never been happier to be wrong.

What was the exact amount again per sov?

🤣🤣 I have no clue mate I am just enjoying seeing my wealth going down the toilet

[James32]

1 minute ago, FlorinCollector said:

🤣🤣 I have no clue mate I am just enjoying seeing my wealth going down the toilet

I'm literally crying with laughter 🤣🤣🤣🤣🤣🤣