Gold Monitoring Thread £ GBP only

[dicker]

8 minutes ago, Roy said:

£1630 on RM page

It’s not a dollar effect…

[dicker]

3 minutes ago, dicker said:

It’s not a dollar effect…

Silver not moved.  Risk is a gold only game.  

[MrStacker]

Ok the £1600 mark is now the new "normal". Dealers were slow to adjust their prices when the gold price went down earlier this week. 😬

Sovereigns moving forward will average £405 😭

 

 

[CaptCaveMan]

1 minute ago, MrStacker said:

Ok the £1600 mark is now the new "normal". Dealers were slow to adjust their prices when the gold price went down earlier this week. 😬

Sovereigns moving forward will average £405 😭

Naughty Swear Words!

😒

[Smiler999]

1637

[ant1882]

Good price action this morning, could be another ATH weekly close. £1637.

[flyingveepixie]

What's driving it today then?  I just watched both silver and gold take a relatively large jump in spot.  Gold currently at £1637.64

[GoldDiggerDave]

Just now, flyingveepixie said:

What's driving it today then?  I just watched both silver and gold take a relatively large jump in spot.  Gold currently at £1637.64

£1600 will be the “new normal” and it’s off    to the moon! 

[ant1882]

1 minute ago, flyingveepixie said:

What's driving it today then?  I just watched both silver and gold take a relatively large jump in spot.  Gold currently at £1637.64

FTSE down, seems like the market isn't buying into the line from gvmt that inflation is going to come down quickly. 

Comments from Andrew Bailey having a go at businesses again, what an idiot.

[ant1882]

Also maybe this...

https://www.google.com/amp/s/www.marketwatch.com/amp/story/deutsche-bank-shares-slump-8-d8095cc6

[FlorinCollector]

Feeling grateful today 😇

Our insurance is working well.

 

[AuricGoldfinger]

£1635. Chump change. £1800 on Monday

 

🤪

[Spanishsilver]

Highest I’ve ever seen it 😊

[flyingveepixie]

12 minutes ago, Spanishsilver said:

Highest I’ve ever seen it 😊

Silver was £20.360 on 3rd January this year and I believe was even slightly higher around the middle of 2020.  Gold was £1648.63 just last week.

But something is driving it up again today - maybe a combination of factors..

[MBTPSilver]

Yes, if Deutsche Bank goes this afternoon we'll see £1,700 I suspect. Should be another interesting weekend.

[GoldDiggerDave]

1 minute ago, MBTPSilver said:

Yes, if Deutsche Bank goes this afternoon we'll see £1,700 I suspect. Should be another interesting weekend.

They have been on the ropes for years. 

[MrStacker]

At this rate I will be able to afford the actual plastic tube that the sovereigns come in but not the contents! 😭
 

Deutsche bank have been on the ropes for quite some time....another collapse imminent. 

[apachebleu]

 I've been out the loop travelling for a couple of days so it was a pleasant surprise to see we're all rich again today

[Paul]

To da'mooooooooooooonn!! 

[Earthmetal]

I never see or hear any normal 'media' (by choice). However, a change in job role has provided access to a PC (God, Windows is really c**p). At break times for entertainment I let myself view a little of whatever sheep-food Windows is peddling that day. Today has seen a LOT of 'media' pieces about this being "like 2008"...

[Zeuk]

Have to say despite the price hikes atm gold is still staying pretty attractive, stocks and shares may recover but aren't going to go anywhere much for a while, plus with rates going up who's to say more banks wont fail and then savings are still below inflation... 

[Earthmetal]

Yup, the media were pushing a new 'market leading' ISA interest rate of 4.1% as if it was a money tree...
I assume that "We'll only lose 10% of your money" wasn't one of their sales slogans.

My quarter sovereigns are now looking like a much better buy than they once did.

[GoldDiggerDave]

54 minutes ago, Earthmetal said:

Yup, the media were pushing a new 'market leading' ISA interest rate of 4.1% as if it was a money tree...
I assume that "We'll only lose 10% of your money" wasn't one of their sales slogans.

My quarter sovereigns are now looking like a much better buy than they once did.

Historically high interest rates have been bad for gold but at 4% return is  a 10th of real world inflation 

[MrStacker]

Upon reflection of the last 2 weeks - I would say it is still good to purchase gold now. It's human nature to delay and hesitate for a dip but with the current world affairs and the mess that's happening in the economy; I feel it is still early days for the gold price to shoot up quite substantially.

One must just grit their teeth, wipe the sweat off their forehead and survive on lentil soup while prioritising precious metal investments! Stay strong lads and lasses! 💯

[EdwardTeach]

1 minute ago, MrStacker said:

Upon reflection of the last 2 weeks - I would say it is still good to purchase gold now. It's human nature to delay and hesitate for a dip but with the current world affairs and the mess that's happening in the economy; I feel it is still early days for the gold price to shoot up quite substantially.

One must just grit their teeth, wipe the sweat off their forehead and survive on lentil soup while prioritising precious metal investments! Stay strong lads and lasses! 💯

Dollar average is the way to go in my opinion.