Gold Monitoring Thread £ GBP only

[MrStacker]

Off course I would NOT recommend throwing EVERYTHING into precious metals. I just got a bit excited that its friday and the price isn't ideal but I have no choice. 🍻

[Paul]

26 minutes ago, MrStacker said:

Off course I would NOT recommend throwing EVERYTHING into precious metals . 🍻

Damn

[GoldDiggerDave]

I’ll sell my tubes of 2022 jubilees at £560 a sov…..so just have to wait for about another 3 weeks! 

[Earthmetal]

Quarter Sovs @ £150 coming soon.

[SlugForAButt]

I'm finding it very telling that even with all the financial shenanigans going on, that gold has shot up to almost exactly the point I was looking at as a price breakout (over £1650), and then started dropping again. Almost as if the market was being manipulated to keep gold on a level.

Surely circumstances and fear should have seen it go higher? But to hit a predictable point and then drop?

Something stinks, but at least it's more time to collect at a reasonable price.

 

[Zhorro]

2 minutes ago, SlugForAButt said:

I'm finding it very telling that even with all the financial shenanigans going on, that gold has shot up to almost exactly the point I was looking at as a price breakout (over £1650), and then started dropping again. Almost as if the market was being manipulated to keep gold on a level.

Surely circumstances and fear should have seen it go higher? But to hit a predictable point and then drop?

Something stinks, but at least it's more time to collect at a reasonable price.

 

There is supposed to be a huge increase in demand for gold... but the price falls!

https://www.zerohedge.com/commodities/its-getting-real-unease-over-banking-sector-turmoil-spurs-huge-demand-precious-metals

[gji25]

On 23/03/2023 at 13:15, HerefordBullyun said:

Deutchse next

 

[SidS]

Maybe it's time to buy shares in Barings... oh wait...

[HerefordBullyun]

2 hours ago, gji25 said:

 

Bully knows. If that goes down the pipe its game over. Thats proppin up the euro....

[MancunianStacker]

12 hours ago, GoldDiggerDave said:

I’ll sell my tubes of 2022 jubilees at £560 a sov…..so just have to wait for about another 3 weeks! 

Is RM Bullion playing sell the dream on the bullion side now too? 😬 

[HerefordBullyun]

For the record if something doesnt happen over the weekend Deutsche Bank could be in REAL trouble  come monday morning....

[Paul]

£1620 we have ended the week at 

[EdwardTeach]

13 minutes ago, Paul said:

£1620 we have ended the week at 

Silver up a bit on the week. Gold down a bit on the week. Maybe it will go down a bit more over the next few weeks so we can all continue making more purchases and adding to our stacks. Hopefully da mooooon will wait a little bit longer.

[GoldDiggerDave]

1 hour ago, MancunianStacker said:

Is RM Bullion playing sell the dream on the bullion side now too? 😬 

don’t think so but for me this is the point where I would sell a few tubes of 2022 jubilee’s  some dealers are already placing a nice premium on them at £460 each today,  at £560 a sov and this is not in the realms of “silver dreaming” when you consider a 2017 sovereign was £197 each this is what I was paying for them.  
 

£560, or 14k per tube  (4.5k return per tube) is a reasonable target over time regardless if there is a banking/economic crisis.  

 

 

[gji25]

55 minutes ago, GoldDiggerDave said:

don’t think so but for me this is the point where I would sell a few tubes of 2022 jubilee’s  some dealers are already placing a nice premium on them at £460 each today,  at £560 a sov and this is not in the realms of “silver dreaming” when you consider a 2017 sovereign was £197 each this is what I was paying for them.  
 

£560, or 14k per tube  (4.5k return per tube) is a reasonable target over time regardless if there is a banking/economic crisis.  

 

 

 

[MancunianStacker]

56 minutes ago, GoldDiggerDave said:

don’t think so but for me this is the point where I would sell a few tubes of 2022 jubilee’s  some dealers are already placing a nice premium on them at £460 each today,  at £560 a sov and this is not in the realms of “silver dreaming” when you consider a 2017 sovereign was £197 each this is what I was paying for them.  
 

£560, or 14k per tube  (4.5k return per tube) is a reasonable target over time regardless if there is a banking/economic crisis.  

 

 

Thanks for the info Dave! I have 9 of the 2022’s and wanted to buy some more sovs but not many for sale on here at the moment. Seems like paper vs physical is well out of sync so I’d expect another paper price jump up too, especially as Deutsche are in trouble. Physical is where it’s at. 👍🏻 

[Lyrinn]

On 15/01/2015 at 16:15, Paul said:

Now today just two and bit months on @ £832 

I not to shabby turnaround in such a short space of time, nearly 14% appreciation!

Meanwhile, @Paul in 2023 be like:

"£1,832/oz gold, here we come!"

[Paul]

8 minutes ago, Lyrinn said:

Meanwhile, @Paul in 2023 be like:

"£1,832/oz gold, here we come!"

we're not far off £1832 to be fair ! 

[Paul]

Crystal ball time ladies, gentlemen and 'miscellaneous'

What's gold gonna be on the weekend close price this time next week ? 

£1650? £1700 ? 

$400oz (Wonga) . . . . . .

[James32]

£1648

[Paul]

19 minutes ago, James32 said:

£1648

You must be planning on buying this week then

[dicker]

Right gents where are we headed this week?

[AuricGoldfinger]

6 minutes ago, dicker said:

Right gents where are we headed this week?

1665

[GoldDiggerDave]

7 minutes ago, dicker said:

Right gents where are we headed this week?

Steady I think until more smaller US banks are bought out by the big 4-5. 

[Goldfever20]

£1920