Gold Monitoring Thread £ GBP only

[ArgentSmith]

7 minutes ago, Orpster said:

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

The headline return is meaningless without factoring inflation. 9% returns would suck if inflation was 15% LOL

[Orpster]

Just now, ArgentSmith said:

The headline return is meaningless without factoring inflation. 9% returns would suck if inflation was 15% LOL

I wasn't trying to make any point about returns mate, just pointing out Dave has not said he is getting them only that the rate he would consider liquidating gold at is 9%

Personally I don't stack gold to beat any other investment, nor to make money at a certain rate versus other investments.  I don't care whether spot is up, down or sideways.  I want money out of the system and as a nest egg when I retire.  I am a common pleb from a long line of common plebs that like to hold gold 🤷‍♂️

[flyingveepixie]

53 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!!  

I would consider doing it if inflation was steady at 2-3% and interest could be guaranteed at 8-9%.  Although I have to say, I don't ever recall seeing any kind of savings accounts with that kind of interest.  6% was about the highest I've ever seen or had.

[GoldDiggerDave]

18 minutes ago, flyingveepixie said:

I would consider doing it if inflation was steady at 2-3% and interest could be guaranteed at 8-9%.  Although I have to say, I don't ever recall seeing any kind of savings accounts with that kind of interest.  6% was about the highest I've ever seen or had.

I don’t know where or if there will be a crossover, historically high interest rates have had a negative effect on Gold however we are living in very strange times and more seam to distrust banks.

I would not grumble at selling a few oz of gold at 80% more than I paid for it to get 8-9% interest for a few years,  for me I’d be making hand over fist.  Better than any pension we all need a plan and I was talking with @Tn21 about this, at some point in our lives we are going to have to cash it in to enjoy the fruits of our investments 

 

 

 

 

 

 

 

[ArgentSmith]

1 hour ago, Orpster said:

I wasn't trying to make any point about returns mate, just pointing out Dave has not said he is getting them only that the rate he would consider liquidating gold at is 9%

 

Yes I appreciate that. My point was the headline rate is arbitrary without factoring underlying inflation so Daves question is impossible to answer, hence the LOL 😁

[Orpster]

3 minutes ago, ArgentSmith said:

Yes I appreciate that. My point was the headline rate is arbitrary without factoring underlying inflation so Daves question is impossible to answer, hence the LOL 😁

Get ya, matters of finance largely go over my head I'm afraid, just gimmi the shiny shiny 🤪

[Lyrinn]

@Paul

Sorry, but it looks like Chris decided that Wonga was right all along.

 

[SidS]

1 hour ago, GoldDiggerDave said:

@Tn21I

...at some point in our lives we are going to have to cash it in to enjoy the fruits of our investments.

Sorry you lost me. Cash in? I thought the idea was to be buried with it.

[Paul]

@James32 has finally purchased all available above ground supplies and gold is officially sold out now worldwide

China, Russia & Indian combined holdings are close second 

[SidS]

So gold's sold out.

Whose got old silver to spare? I'll offer you the going rate £0.00 per ounce. Seems fair...

100oz at £0.00 with some complex maths, I make it that I owe you £0.00

I think I can stretch to that. It's about what fiat will be worth in the next twenty years.

[EdwardTeach]

14 minutes ago, SidS said:

Whose got old silver to spare? I'll offer you the going rate £0.00 per ounce. Seems fair...

No sell it to me. I'll pay double what Sid is offering.

[Earthmetal]

5 hours ago, ArgentSmith said:

9% returns would suck if inflation was 15% LOL

Whaddaya mean IF?

[Paul]

2 hours ago, SidS said:

So gold's sold out.

Whose got old silver to spare? I'll offer you the going rate £0.00 per ounce. Seems fair...

100oz at £0.00 with some complex maths, I make it that I owe you £0.00

I think I can stretch to that. It's about what fiat will be worth in the next twenty years.

Still noone buying silver at these prices

[ArgentSmith]

5 hours ago, SidS said:

Sorry you lost me. Cash in? I thought the idea was to be buried with it.

Cash some in… mosleums don’t build themselves.😁

[MrStacker]

Oh yeaaaaah below £1600! This is excellent news if you are aiming to stack some more gold in the coming days!

 

 

[Fenlander1]

Pile it high time

[MrStacker]

I feel this is the calm before the storm moment. Will I be safe to wait until wednesday/thursday? Or will the shizzle hit the fizzle before then!? Decisions decisions....arrrgh!

[AndrewSL76]

7 minutes ago, MrStacker said:

I feel this is the calm before the storm moment. Will I be safe to wait until wednesday/thursday? Or will the shizzle hit the fizzle before then!? Decisions decisions....arrrgh!

Do something for me. Make a note of this comment and the date. Come back to it in five years time and tell me if you regret paying £1650 an ounce when gold was at £1590 an ounce. I could be wrong, but I think we would kill each other (will be killing each other) for £1650 an ounce in five years time.

Its a marathon, not a sprint……unless you’re 75, in which case stop worrying as you’re probably already rich enough to afford £1625 an ounce……..

Edited March 27, 2023 by AndrewSL76
Your you’re grammar nonsense

[bobski]

8 hours ago, ArgentSmith said:

The headline return is meaningless without factoring inflation. 9% returns would suck if inflation was 15% LOL

Inflation is around 19% in reality

Hence why I'm here

Edited March 27, 2023 by bobski

[MrStacker]

I totally agree with you. Just having a bit of fun. 👍

[Midasfrog]

From 2000 to 20022 Golds performance average in GBP is 10.8%  😍

[HonestMoneyGoldSilver]

On 26/03/2023 at 18:45, dicker said:

Right gents where are we headed this week?

 £1690 lol or maybe that should be LOL 1690 😁

The gold in the ROI flag stands for British Protestants after all ....

[NGMD]

1 hour ago, Midasfrog said:

From 2000 to 20022 Golds performance average in GBP is 10.8%  😍

A great chart. I remember seeing something very similar on the RM site.

I wonder what a pound in savings bank account produced in that time frame?
I rest my case M’lord.

[SidS]

4 hours ago, Midasfrog said:

From 2000 to 20022 Golds performance average in GBP is 10.8%  😍

It's a shame I'm colourblind.

[Bigmarc]

1 hour ago, HonestMoneyGoldSilver said:

you are selling your precious metals you should never transfer to fiat unless you have no other option, such as you need a mortgage and have to deal with banks and play by their rules - banks prefer numbers on a screen to the shiny, shiny

 

If you hold your gold it will hold it's value, if you hold your gold for a century or two it will increase its purchasing power 5-fold

 

If you swap your gold for bonds and reinvest the coupons in more bonds then the purchasing power will increase 10-fold over two centuries

 

If you swap your gold for equities and reinvest the dividends over two centuries and avoid a total wipe-out, the purchasing power will increase > 240-fold

 

Now you tell me which of those makes the most sense. If you're using gold as a means to speculate you are not doing it right. Gold is insurance - it is a safe haven asset, it's not cryptos or equities or even bonds, and will not generate those kinds of returns as you're essentially taking zero risks by holding physical gold

 

There's no point in putting your money in the bank even if you do get 8-9% returns. To get 8-9% returns the BoE base rate would be 8.5-9.5% and inflation higher still. The secret of gold is that in theory it will match inflation and beat it 5-fold, therefore you would need to be earning around 40% to make it worth your while holding fiat if the UK bank was offering 8% returns. To get even close to 40% you will no longer be living in the UK or the western world, you would be living in Madagascar (38.07% real interest rate) and watching the Barea rather than the Three Lions.

I am on a crypto forum and even the teens on there have a saying. 

Fiat for liquidity, crypto for return on investment and gold for savings. It's not that I listen to them much but kinda like it. 

No need to edit your original post, some may find it useful and no matter what you put you will always get some haters. Also good to see another point of view, it makes it an interesting read.