Gold Monitoring Thread £ GBP only

[EdwardTeach]

27 minutes ago, LemmyMcGregor said:

I was obviously having a laugh, but if I could I would.

I'm renting and I can't install a log burner, my plan is to buy anything I can afford within the next 12 to 18 months and the first item to cover will be to install an old school wood fired cooker, then I'd be happy to go out collecting wood, I've got a friend that has pallets to throw away, I don't mind paying to rent a Luton van or similar a day and do a couple of loads, then clean the stove a couple of times per year, a lot cheaper than using gas.

You could have a nice little side hussle there. Saw it up and advertise it for sale. The price of fire wood has shot up this year.

Edited September 30, 2022 by EdwardTeach

[DarkChameleon]

On 28/09/2022 at 16:07, CANV said:

It’s the the US dollar has  exploded .  We look at it in sterling terms but the yen the yuan the krona have all fared far worse than sterling.  The last time this happened there was a ‘get together’ from the top global economies and they deliberately trashed the dollar.   It’s was a stupid idea and left Japan particularly,  on a double decade of zero growth.  If they do it again it’s will probably be China this time 

Why is it that the right is screaming the dollar is done, we have printed to death but then turn around and saay the only reason the pound is weak is that the dollar is strong,which is it, a strong dollar or a worthless dollar...you can't have it both ways.

[CANV]

28 minutes ago, DarkChameleon said:

Why is it that the right is screaming the dollar is done, we have printed to death but then turn around and saay the only reason the pound is weak is that the dollar is strong,which is it, a strong dollar or a worthless dollar...you can't have it both ways.

what's the 'right'    all G7 countries have printed money..the USA more than most !..     the dollar is strong because its the current worlds global currency.  for now..  the pound is not weak. all other currencies have fallen v the dollar 

im not sure what you point is..  

[EdwardTeach]

13 hours ago, DarkChameleon said:

Why is it that the right is screaming the dollar is done, we have printed to death but then turn around and saay the only reason the pound is weak is that the dollar is strong,which is it, a strong dollar or a worthless dollar...you can't have it both ways.

All fiat currencies including the dollar are rapidly losing their real world purchasing power and are falling in value. The Dollar is just falling slower than the Pound or Euro so in relative terms to these it looks like it's going up

[Bigmarc]

It's been going on for centuries, I once when sterling was first introduced one pound would buy you ten cows. It's been going down hill from there. 

[Paul]

1 minute ago, Bigmarc said:

It's been going on for centuries, I once when sterling was first introduced one pound would buy you ten cows. It's been going down hill from there. 

One pound will get you just a big bag of crisps these days 

 

[LemmyMcGregor]

Time to buy Rubles

[DarkChameleon]

1 hour ago, EdwardTeach said:

All fiat currencies including the dollar are rapidly losing their real world purchasing power and are falling in value. The Dollar is just falling slower than the Pound or Euro so in relative terms to these it looks like it's going up

But we supposed to have printed the dollar to oblivion, so we just kept up with others so if the worlds on it's ass and the dollar is strong then we were right to print off dollars or it would be super high.

[DarkChameleon]

14 hours ago, CANV said:

what's the 'right'    all G7 countries have printed money..the USA more than most !..     the dollar is strong because its the current worlds global currency.  for now..  the pound is not weak. all other currencies have fallen v the dollar 

im not sure what you point is..  

The right are conservatives that say the left/labour have ruined the economy but we are running the strongest right now...it's like every time the left get in over there the right stay they're blowing the economy and yet it's the right in and have been for a while and hows the economy they saay the left ruin?

[EdwardTeach]

3 hours ago, DarkChameleon said:

But we supposed to have printed the dollar to oblivion, so we just kept up with others so if the worlds on it's ass and the dollar is strong then we were right to print off dollars or it would be super high.

But dollar IS falling in real terms. It’s falling against real world things like food and fuel. That’s why prices are rising because the dollar is losing purchasing power.

The dollar only looks strong when compared to other fiat currencies which are falling even faster and losing their purchasing power even quicker. Basically the dollar is just the best looking horse at the glue factory right now.

Edited October 2, 2022 by EdwardTeach

[EdwardTeach]

Duplicate post

Edited October 2, 2022 by EdwardTeach

[stefffana]

1 minute ago, EdwardTeach said:

But dollar IS falling in real terms. It’s falling against real world things like food and fuel. That’s why prices are rising because the dollar is losing purchasing power.

The dollar only looks strong against the other fiat currencies which are falling faster and losing their purchasing power even quicker. Basically the dollar is just the best looking horse at the glue factory right now.

So, in your opinion, we can see £1550/oz next weeks?

[EdwardTeach]

4 minutes ago, stefffana said:

So, in your opinion, we can see £1550/oz next weeks?

I have no idea if it's going up or down in the short term. But I'm confident it will go much higher in the medium/long term.

Edited October 2, 2022 by EdwardTeach

[stefffana]

7 minutes ago, EdwardTeach said:

..!..........But I'm confident it will go much higher in the medium/long term.

Yep! This I want to hear from you!

Edited October 2, 2022 by stefffana

[EdwardTeach]

[CANV]

3 hours ago, DarkChameleon said:

The right are conservatives that say the left/labour have ruined the economy but we are running the strongest right now...it's like every time the left get in over there the right stay they're blowing the economy and yet it's the right in and have been for a while and hows the economy they saay the left ruin?

to be fair every time the left do get in over here they do blow the economy.    I think gold is going up. but more percentage wise  in USD than GBP.   

[Earthmetal]

Gold going up in price is not heartening to a newcomer like myself. It's just costing me more / I get less for my money.

[Darr3nG]

Just now, Earthmetal said:

Gold going up in price is not heartening to a newcomer like myself. It's just costing me more / I get less for my money.

We all started somewhere, and heard the stories of cheap gold from before our time... Jump in and start buying/saving  

[EdwardTeach]

3 minutes ago, Earthmetal said:

Gold going up in price is not heartening to a newcomer like myself. It's just costing me more / I get less for my money.

I want gold and silver to go down too. The longer it stays low the more of the stuff I can acquire.

[lst65]

10 minutes ago, Earthmetal said:

Gold going up in price is not heartening to a newcomer like myself. It's just costing me more / I get less for my money.

We all had to start somewhere along this journey…buy fractional coins on a regular basis maybe (1/4 oz)…little and often. That way, you’ll average it over the years and it will build up. Look back 10 years and see how it’s grown. I’ve only been ‘in’ a year and intend doing the same. Tough times for us financially but little and often…

[James32]

57 minutes ago, Darr3nG said:

We all started somewhere, and heard the stories of cheap gold from before our time... Jump in and start buying/saving  

Wise words, my first sovereign cost just £1 and is now worth 370 times that at least!

[lst65]

15 minutes ago, James32 said:

Wise words, my first sovereign cost just £1 and is now worth 370 times that at least!

Did you help build the Ark..?! 😂

[James32]

Just now, lst65 said:

Did you help build the Ark..?! 😂

Feels like it some days lol.

[lst65]

13 minutes ago, James32 said:

Feels like it some days lol.

Hope you’re well buddy 🙏

[James32]

5 minutes ago, lst65 said:

Hope you’re well buddy 🙏

Thank you,can't complain. Likewise.