Gold Monitoring Thread £ GBP only

[DarkChameleon]

4 hours ago, LemmyMcGregor said:

This is false, you might hate Thatcher, but she did not increase the nation's debt that kept going down in her years.

It was first under Major in '92 that the debt started rising again, briefly, towards the end started coming down again and it wasn't until Brown in 2009 that truly spiked, mostly thanks to the creative financing of Blair that created PFI and increased the spending in a way that put the windfall on successive governments.

Thatcher spent £50B keeping the pound in the EXMOOR how long?, 4 hours?

[AuricGoldfinger]

5 hours ago, Apmex100 said:

I went to their shop to see them. They paid £1540 and I got the money within the hour, I don’t have any sales feedback on here so it was the best option for me. I’m still in profit as I bought it for a lot less during a dip. 

you did the right thing, sales aren't instant on the forum especially when things are near ATH

[AuricGoldfinger]

I'm seriously hoping to pay my mortgage off within the next 2 years due to interest rates being hiked. selling some gold will probably make up a chunk of the money. its a dilemma when to sell! in the world we live in who knows where we will be over the next couple years. 

[Foster88]

7 hours ago, DarkChameleon said:

Thatcher spent £50B keeping the pound in the EXMOOR how long?, 4 hours?

Thatcher kept us (in Britain) I mean, out of the Euro and thankfully she and her party did.

I think what we’re seeing now is a draw back of ‘togetherness’ in Europe and a look towards more ‘nationalisation’. The former worrying in my option. The generation that remembers WW2 is declining sadly.

I fear we’ll be more divided in the 2020’s in Europe and dare I say it, a more divided world by the end of this decade.

Edited September 27, 2022 by Foster88

[Midasfrog]

"When you thought you could fly to the moon and this happens" 

Anyone preparing  for an end of year GOLD slowdown / buying dips ?

[Paul]

4 minutes ago, Midasfrog said:

"When you thought you could fly to the moon and this happens" 

Anyone preparing  for an end of year GOLD slowdown / buying dips ?

W'ah doooooooommmmmmmed !!

Wonga was right

$400oz here soon 

[flyingveepixie]

16 minutes ago, Midasfrog said:

"When you thought you could fly to the moon and this happens" 

Anyone preparing  for an end of year GOLD slowdown / buying dips ?

I'm preparing for it as much as I prepare for a rainy or windy forecast by the Met when it tells us all in big terrifying script to BE PREPARED, usually accompanied by a pic of the UK in black and dark red to terrify the gullible....   So, not exactly preparing for it, but I watch the charts every day, as do most others on here..😂   If there's a big enough dip I'll make another small purchase..   I find there's no point in trying to predict what's going to happen as the markets are so manipulated and rarely behave in the expected way...  at least that's how it seems to my limited perceptions...🤔

Edited September 27, 2022 by flyingveepixie

[Midasfrog]

Yes 90% manipulation , I'm not expecting any massive dips just the usual end of year slowdown / buying chances from October maybe 

[Midasfrog]

On 16/01/2015 at 16:57, Kman said:

I bought my two 1 oz Britannia's for £825

 

Atkinsons buy back price atm is £829

 

Ebay Id pay fees

 

On here I doubt anyone would give me £825, so I'm about even on them really. 

 

I want to buy more gold so this price increase is no good 

@James32 🦄😀 from a time when gold was £27 a gram 🤔

[LemmyMcGregor]

13 hours ago, DarkChameleon said:

Thatcher spent £50B keeping the pound in the EXMOOR how long?, 4 hours?

If you don't like some of the stuff she's done, mate, join the club, however, it is false to say that she created debt as during her leadership the national debt went down, end of. You can't debate facts.

This said, we're going off topic.

[chrisdobb]

When you have a system which is based on debt it is not sustainable, it is a house of card which eventually has to fall.

For so long we have just kicked the can down the road and pumped more and more money into the system, national and personal debt has increased up and up, hardly anyone buys cars or houses or most big ticket items anymore, they are acquired on credit, credit which in most cases cannot be service – long term or within a working lifetime.

If this were not happening how would manufacturers ever sell their products?

The people who own what they have are in a better place, those with metals, hard metal to hand, are in a much better place.

This system has to collapse, what else can happen, and when it does what will happen is completely unknown territory.

[DarkChameleon]

13 hours ago, Foster88 said:

Thatcher kept us (in Britain) I mean, out of the Euro and thankfully she and her party did.

I think what we’re seeing now is a draw back of ‘togetherness’ in Europe and a look towards more ‘nationalisation’. The former worrying in my option. The generation that remembers WW2 is declining sadly.

I fear we’ll be more divided in the 2020’s in Europe and dare I say it, a more divided world by the end of this decade.

Thatcher didn't keep us out of Europe, she did everything to put us in, the embassy a first step to loss of country, the channel tunnel, the sale of utilities to European companies...the cons wanted us in and have tried and tried again to send us in...if the people hadn't forced a referendum there wouldn't be a brexit.

[DarkChameleon]

7 hours ago, LemmyMcGregor said:

If you don't like some of the stuff she's done, mate, join the club, however, it is false to say that she created debt as during her leadership the national debt went down, end of. You can't debate facts.

This said, we're going off topic.

She reduced debt by selling off British electric, milk, gas, water etc...we sold the future to hide the present debt...now you see what it's like with energy costs...profit over people...that's what Thatcher did, no coal to be had, British investments went to zero...remember that promise for 400,000 homes to be built..how many did they build?.

[SidS]

2 minutes ago, DarkChameleon said:

She reduced debt by selling off British electric, milk, gas, water etc...we sold the future to hide the present debt...now you see what it's like with energy costs...profit over people...that's what Thatcher did, no coal to be had, British investments went to zero...remember that promise for 400,000 homes to be built..how many did they build?.

I'd say all of the UK's current issues can be laid at the doorstep of three eras.

1) The Atlee government came to power after WWII. The country was broken and close to bankruptcy (but then so was Germany - who took a different path to us).

A bold vision was taken by the new Labour Government - wholesale nationalisation. Their ideals were genuine and sincere, to improve the lot of the working classes (and everyone else too - trickle up if you like). The NHS etc. 

But as good as it might have started out, it had an unintended consequence.

The complete nationalisation of all those industries left them in a position where they could rely on Government funding and assistance to survive rather that having to innovate and stay competitive.

Megoliths like British Leyland became zombie companies relying on state aid.

The other consequence was that bringing politicians into running companies brought in opportunities for them to either make a mint on the side or call in the bean counters and cut, cut, cut. See Dr Beeching, Ernest Marples or the fact that Harold Macmillan became known as Mack the knife.

2) The 1970s saw loss after loss, so then came Thatcher in the 1980s and decided to sell off all our industries and utilities to foreign investors. It was cheaper, quicker and easier to cut the dead wood and just buy it from abroad. Rather than actually identify areas for growth, support and invest in those and build new industries.

Unfortunately, closing down or selling off all these companies, also meant that we became a service sector economy - a nation of bankers, shopkeepers and middlemen - buy from abroad, whack on a profit and sell on. You can't run an economy long term like that. Any issues in the country you're buying from and you are directly affected with little control to stop it. See Germany's current problems with buying all their gas from Russia.

3) 2007-2008 saw the banking crisis and the creation of quantitative easing and vast currency creation. Turning the UK into a zombie economy.

The other day on the TV there was a politician saying, "we need to make credit easier for people to get, so they can pay the bills". Now if you can't see what's wrong with that, then there's no hope really is there?

So everything these days is based on debt and obtaining credit - so no real growth or assets then? No actual wealth creation?

This is before we get to uncontrolled immigration and housing/NHS pressures (another unintended consequence of the Atlee government making the welfare state and NHS so appealing).

I don't really see any answers to these problems and the politicians are the greatest instrument in all of this.

[flyingveepixie]

1 hour ago, SidS said:

I'd say all of the UK's current issues can be laid at the doorstep of three eras.

1) The Atlee government came to power after WWII. The country was broken and close to bankruptcy (but then so was Germany - who took a different path to us).

A bold vision was taken by the new Labour Government - wholesale nationalisation. Their ideals were genuine and sincere, to improve the lot of the working classes (and everyone else too - trickle up if you like). The NHS etc. 

But as good as it might have started out, it had an unintended consequence.

The complete nationalisation of all those industries left them in a position where they could rely on Government funding and assistance to survive rather that having to innovate and stay competitive.

Megoliths like British Leyland became zombie companies relying on state aid.

The other consequence was that bringing politicians into running companies brought in opportunities for them to either make a mint on the side or call in the bean counters and cut, cut, cut. See Dr Beeching, Ernest Marples or the fact that Harold Macmillan became known as Mack the knife.

2) The 1970s saw loss after loss, so then came Thatcher in the 1980s and decided to sell off all our industries and utilities to foreign investors. It was cheaper, quicker and easier to cut the dead wood and just buy it from abroad. Rather than actually identify areas for growth, support and invest in those and build new industries.

Unfortunately, closing down or selling off all these companies, also meant that we became a service sector economy - a nation of bankers, shopkeepers and middlemen - buy from abroad, whack on a profit and sell on. You can't run an economy long term like that. Any issues in the country you're buying from and you are directly affected with little control to stop it. See Germany's current problems with buying all their gas from Russia.

3) 2007-2008 saw the banking crisis and the creation of quantitative easing and vast currency creation. Turning the UK into a zombie economy.

The other day on the TV there was a politician saying, "we need to make credit easier for people to get, so they can pay the bills". Now if you can't see what's wrong with that, then there's no hope really is there?

So everything these days is based on debt and obtaining credit - so no real growth or assets then? No actual wealth creation?

This is before we get to uncontrolled immigration and housing/NHS pressures (another unintended consequence of the Atlee government making the welfare state and NHS so appealing).

I don't really see any answers to these problems and the politicians are the greatest instrument in all of this.

Nice post.     Germany was great back in the 80s and probably at it's peak of success, whereas the UK at the same time was commonly known as the poor man of Europe, then came Thatcher.  Couldn't stand the smarmy wife myself but that was on a more personal level than anything to do with her leadership.  But you do raise some good points about how she contributed to the ruin of the country which I have never before considered..🤔.  In today's world, like us, Germany is completely buggered by immigration and rampant lefty liberalism, as is just about every other western country.  No going back now I suspect and the whole thing needs to be reset, probably by nothing less than a total meltdown or world war.

The entire fiat system is built on debt and doomed to fail right from the start, same as every other fiat system which has ever existed.

We're really VERY off-topic now.  To get back on - Gold is currently at £1526.16.

Edited September 27, 2022 by flyingveepixie

[Foster88]

9 hours ago, DarkChameleon said:

Thatcher didn't keep us out of Europe, she did everything to put us in, the embassy a first step to loss of country, the channel tunnel, the sale of utilities to European companies...the cons wanted us in and have tried and tried again to send us in...if the people hadn't forced a referendum there wouldn't be a brexit.

I said, Thatcher kept us out of the Euro. Not the continent of Europe which we’re in geographically nor the E.U as an establishment.

I was referring to the Euro currency.

If you read my comment again maybe you might understand it rather than jumping to assumptions.

Euro = currency which we avoided joining which was the whole point of my comment saying thankfully we avoided joining which Thatcher was adamant we wouldn’t and we didn’t.

Edited September 28, 2022 by Foster88

[Foster88]

9 hours ago, flyingveepixie said:

Couldn't stand the smarmy wife myself but that was on a more personal level than anything to do with her leadership.

.

Edited September 28, 2022 by Foster88

[Minimalist]

9 hours ago, SidS said:

The other day on the TV there was a politician saying, "we need to make credit easier for people to get, so they can pay the bills". Now if you can't see what's wrong with that, then there's no hope really is there?

So everything these days is based on debt and obtaining credit - so no real growth or assets then? No actual wealth creation?

This is now cultural in my generation, many fakers with debt up to their eye balls with no production jobs. Ask any of them to try any type of production they will laugh at you. Most of them align themselves with the MMT crowd with unlimited printing.

It is all over, believe me.

[Minimalist]

I have noticed recently from "free market" people that they want Central Banking intervention lol No different than commies in my honest opinion. Funny that.

[DarkChameleon]

1 hour ago, Foster88 said:

I said, Thatcher kept us out of the Euro. Not the continent of Europe which we’re in geographically nor the E.U as an establishment.

I was referring to the Euro currency.

If you read my comment again maybe you might understand it rather than jumping to assumptions.

Euro = currency which we avoided joining which was the whole point of my comment saying thankfully we avoided joining which Thatcher was adamant we wouldn’t and we didn’t.

Thatcher tried to get us into the Euro, that's what cost us 50 billion, trying to stayintbe erm to get the best exchange rate but joining had another downside, our pensiongetting put into the euro pot which gave the European politicians access to pilfer it for euro countries who didn't fund their plans like greece...Thatcher wanted us in without and measure of self governance and u suspect the reason why Scotland d and Wales and NI were allowed to push more for self governance was they're going to lose it all when pushed into the EU....Thatcher and Reagan wanted the same thing and the result was the same..recall 87?, boom n bust, yuppies to homeless in one fail swoop...buy with debt for the profit but then the banks called in the markers and Thatchers people turned on her and along came the Grey man, to flush the last of any hope down the drain but no ownership of our own future to stop sways from with profit companies at the expense of the common people.

[ChrisSilver]

Please try to keep this topic on track, feel free to post a new topic if no relevant topic exists. This topics main purpose is for monitoring / discussing the current gold spot price in GBP.

[Ukbullionfan]

Jesus Christ this has turned into a political thread. anyway current price at 3.21am is £1523.60 per oz. 👍

[sixgun]

19 hours ago, Paul said:

W'ah doooooooommmmmmmed !!

Wonga was right

$400oz here soon 

Ah the great Wonga - he say he go down hard. We miss the guy.
**This is not a political statement (for once)**

[Roy]

43 minutes ago, DarkChameleon said:

Thatcher tried to get us into the Euro

No, no, no!

[EdwardTeach]

Hyperinflation incoming! The Bank of England have just started massive quantities of money printing to buy all the government bonds because the yields were spiking and about to collapse the entire banking system. The FED in America and the ECB in the EU started doing the same about two months so we’re not very far behind them.

The sooner that people realise things aren’t getting more expensive but it’s the currency losing purchasing power which is making prices rise the sooner this will end. I wonder how long it will take be before we’re all millionaires but no one can afford a loaf of bread?

Edited September 28, 2022 by EdwardTeach