Gold Monitoring Thread £ GBP only

[MancunianStacker]

On 18/07/2022 at 20:10, Paul said:

My Hoover will be turbo charged again, after this month is over and my July tax payments  has been paid 

Same pal. Big bonus month this month too. 😁 

[Paul]

Wah doooooooommmmmmmed !!! 

[SovereignBishop]

Wooohooo cheap gold

[Paul]

I'm listening to Wonga next stop is $400oz , I'm buying again then 

[SovereignBishop]

This price drop has left most of the prices on the forum more expensive than dealers for the first time since I joined.

I see a coin for sale and think oh thats cheap, then check Tavex and find it even cheaper.

[Mtaybar]

50 minutes ago, SovereignBishop said:

Wooohooo cheap gold

Next stop sub £1400 🤞🤞

[modofantasma]

8 hours ago, Mtaybar said:

Next stop sub £1400 🤞🤞

Seems like there's a level $1563ish if the buyers don't find some momentum soon

Average in gradually over time and no worries 😎

[modofantasma]

Appreciate its the GBP thread so off current exchange rate that would be £1304 but could be in the £1200s if the dollar loses some strength Vs the pound.

[TheShinyStuff]

I must apologise. This is all my fault for buying a double sovereign at £746 almost a fortnight ago...

[Scootermuppet]

5 minutes ago, TheShinyStuff said:

I must apologise. This is all my fault for buying a double sovereign at £746 almost a fortnight ago...

Ahhh, Now we know who to blame!  🤭 😅 😉

[James32]

13 hours ago, Mtaybar said:

Next stop sub £1400 🤞🤞

You take that back,or next stop is you buying bunk beds for me to come and live

11 minutes ago, TheShinyStuff said:

I must apologise. This is all my fault for buying a double sovereign at £746 almost a fortnight ago...

By the time mine is delivered, they will likely be free.

[sixgun]

The G7 has put a ban on importing Russian gold. They think this will hurt Russia's war effort. This was fully adopted yesterday and gold came under attack following this.

$1671.70 is viewed at the probable target and would represent the take off point back in June 2020 - so a full gap close. i give the USD price b/c gold is priced in USD and the paper markets are USD. 

The idea that Russia cares and it will damage Russia is a delusion. They imagine that the G7 is the only Russian gold buyer - the Global South is the buyer of physical gold. Less gold going into the West simply reduces the physical available to spin out the paper game. A falling gold price helps Russia. There is an oil for gold trade. Lower gold prices means more gold is needed to buy the oil. More gold for Russia - and there are always willing buyers of physical gold which trades at 20% + premiums for large volumes. 

i also hear there is Ukrainian gold appearing on the market - the Ukrainian states gold is being sold off. Might as well totally destroy that country. 

[Paul]

 

[jultorsk]

ECB raises rates for first time in over a decade

The European Central Bank has raised interest rates by a half percentage point — its first increase for more than a decade — while pledging to prevent rising borrowing costs from sparking a eurozone debt crisis amid political turmoil in Italy.

🤔

[SidS]

Wow half a percentage point... And that will touch inflation how?

[sixgun]

1 minute ago, SidS said:

Wow half a percentage point... And that will touch inflation how?

Haven't you been listening? It will control inflation completely - the rest is due to Putin.
Things have got so bad it has given President Brandon cancer - the poor guy he can't remember what cancer but it is Putin's fault.

[FlorinCollector]

2 minutes ago, SidS said:

Wow half a percentage point... And that will touch inflation how?

You think half a percent what a start. Then you see it went from -0.5% to 0% 🤣

[StackerBritt]

26 minutes ago, jultorsk said:

ECB raises rates for first time in over a decade

The European Central Bank has raised interest rates by a half percentage point — its first increase for more than a decade — while pledging to prevent rising borrowing costs from sparking a eurozone debt crisis amid political turmoil in Italy.

🤔

ECB raising interest rates… the Greeks are knackered

[SidS]

The Greek economy has been that way since the late 2000s, all the Sovereign debt crisis measures have only masked or put a lid on it for a while. The whole euro concept will be either dead or in its death throes within the next 10-15 years I believe. It can't survive in its present form.

[Mtaybar]

2 hours ago, James32 said:

You take that back,or next stop is you buying bunk beds for me to come and live. 

You're welcome any time mucker .... You know where I live 🤣🤣. It's gone back up a little so you never know. It's like a roller coaster atm! 

[James32]

1 minute ago, Mtaybar said:

You're welcome any time mucker .... You know where I live 🤣🤣. It's gone back up a little so you never know. It's like a roller coaster atm! 

Glad you have that mindset..look out you're back window 🙋‍♂️😬

A roller coaster is right, next stop £1900 😂

[Mtaybar]

Just now, James32 said:

Glad you have that mindset..look out you're back window 🙋‍♂️😬

A roller coaster is right, next stop £1900 😂

You been stood there all night as well.... Why didn't you just knock lol. 

[Paul]

1 minute ago, James32 said:

A roller coaster is right, next stop £1900 😂

[Paul]

[Foster88]

6 minutes ago, Mtaybar said:

You been stood there all night as well.... Why didn't you just knock lol. 

How’s he supposed to knock when he’s got both hands full…. 🤔