Gold Monitoring Thread £ GBP only

[EdwardTeach]

17 minutes ago, dicker said:

Right gents where are we headed this week?

1929

[EdwardTeach]

11 minutes ago, AuricGoldfinger said:

1665

Nah we did that one three years ago.

[dicker]

8 minutes ago, Goldfever20 said:

£1920

Wowzers.  That would be some jump!

[Goldfever20]

4 minutes ago, dicker said:

Wowzers.  That would be some jump!

For sure!😅

[artalien]

23 hours ago, Paul said:

Crystal ball time ladies,

1570

[Paul]

to da'moooooooooooooooooooooooooooooooooooooooon !!  

[AurumArgenti]

[MrStacker]

1 hour ago, dicker said:

Right gents where are we headed this week?

Stable at first then will shoot up to around £1650 mark by tuesday/wednesday. Investors and depositors are not buying the narrative. The panic has already started and most media outlets are not covering it for obvious reasons. I think we will see 2 more banks collaspe soon. Deutchse bank will be rescued. They cannot let that bank "fail" but the repurcussions will still be immenient and felt across the market.

Edited March 26, 2023 by MrStacker

[EdwardTeach]

20 minutes ago, MrStacker said:

Deutchse bank will be rescued. They cannot let that bank "fail" but the repurcussions will still be immenient and felt across the market.

If the Deutchse Bank fails does that mean the Euro will fail too?

As I understand it Germany is the largest and main financial backer holding up the Euro after all (backer is the probably the wrong term here but hopefully you get my meaning).

[GoldDiggerDave]

5 minutes ago, EdwardTeach said:

If the Deutchse Bank fails does that mean the Euro will fail too?

As I understand it Germany is the largest and main financial backer holding up the Euro after all (backer is the probably the wrong term here but hopefully you get my meaning).

To me it's pretend failing, just another avenue to off load toxic debt on to every person and create more currency all under the guise of protecting us all from an economic collapse, where in reality the actions they are taking is railroading us all to a single point of absolute control.   

I'm waiting for a "Western currency"  backed by the digital dollar.......I'll take my tinfoil hat off now

[dicker]

6 minutes ago, EdwardTeach said:

If the Deutchse Bank fails does that mean the Euro will fail too?

As I understand it Germany is the largest and main financial backer holding up the Euro after all (backer is the probably the wrong term here but hopefully you get my meaning).

No in short, or at least it’s not that simple.

DB has always had titanic derivatives positions - It’s ages since I worked there or took time to try and understand info in the public domain, but could be a factor   

However, I suspect pressure is likely to come from questions / stresses on capital adequacy and funding.  The usual.  DB is definitely one to watch.

 

 

[dicker]

There is another bank to watch, but I am aware that this is a thread on AUGBP.

Up on Monday when the U.K. opens.  

Best

Dicker

[EdwardTeach]

Up on Monday. Down again on Tuesday.

Logic would suggest it should just go straight up straight away from here on in but my gut tells me it will hover around the £1600 mark for a few weeks first. I have no idea why I think this. It's jusy a feeling.

 

Edited March 26, 2023 by EdwardTeach

[apachebleu]

7 hours ago, Goldfever20 said:

£1920

 I apreciate that positivity

[SidS]

£1200

For posterity.

[MrStacker]

Yes! Keep going down please! 

[HerefordBullyun]

A good watch

 

[GoldDiggerDave]

At what interest rate will it make you think about liquidating some gold for higher returns of compounding interest? 

 

 

[Midasfrog]

51 minutes ago, GoldDiggerDave said:

At what interest rate will it make you think about liquidating some gold for higher returns of compounding interest? 

 

 

Gold outperforms everything 🤫

It's compound inflation and compound charges that destroys savings over time 🙈

Edited March 27, 2023 by Midasfrog

[flyingveepixie]

1 hour ago, GoldDiggerDave said:

At what interest rate will it make you think about liquidating some gold for higher returns of compounding interest? 

 

 

I don't trust fiat at all these days and it all seems to be deteriorating every time I look ...  🤔

[GoldDiggerDave]

19 minutes ago, Midasfrog said:

Gold outperforms everything 🤫

It's compound inflation and compound charges that destroys savings over time 🙈

I don't have any compounding charges, zero debt, zero mortgage and I'm nowhere exposed to inflation as some.  At the moment even a modest increase of interest rate is returning more than the council tax, energy bills and food even allowing for inflation.....So it's like living for free.   For me answering my own question I'd liquidate some gold for 8-9% returns on savings.  No need to cover your eyes, I really do know what I'm doing!!  

[Midasfrog]

25 minutes ago, GoldDiggerDave said:

I don't have any compounding charges, zero debt, zero mortgage and I'm nowhere exposed to inflation as some.  At the moment even a modest increase of interest rate is returning more than the council tax, energy bills and food even allowing for inflation.....So it's like living for free.   For me answering my own question I'd liquidate some gold for 8-9% returns on savings.  No need to cover your eyes, I really do know what I'm doing!!  

But if you hold fiat you have compound inflation on that amount destroying any interest 

[ArgentSmith]

The only reason I have a cash pile is in case of a liquidity crunch throwing up opportunities. In a World where all bets are made good and no one is allowed to take a loss it's possible that crunch may never come.

In the meantime where are you getting 8-9% return on savings @GoldDiggerDave

[AuricGoldfinger]

He’s not….when he does, sounds like there will be some deals on the forum!

[Orpster]

5 minutes ago, ArgentSmith said:

The only reason I have a cash pile is in case of a liquidity crunch throwing up opportunities. In a World where all bets are made good and no one is allowed to take a loss it's possible that crunch may never come.

In the meantime where are you getting 8-9% return on savings @GoldDiggerDave

He is not stating he is getting those returns, he is stating those are the returns at which he would liquidate some gold as per his original question - unless I have read it completely wrong