Gold Monitoring Thread £ GBP only

[Paul]

49 minutes ago, LemmyMcGregor said:

At some point we'll go the Turkish way due to inflation, they'll cut a few zeros, gold will be all the way down below 400 and Wonga will be right. Just have faith in the system.

Keep the faith 

[MrStacker]

It's been a U shape effect today. By the time I got home...back up again and no small savings on online purchases 🤣

[GoldenGriffin]

Wonga is wronga...

To da moon!! 🌙 🌚 🌔 🌕 🌖 🌛 

[GoldDiggerDave]

To the moon!

 

[KRO]

19 minutes ago, GoldDiggerDave said:

To the moon!

 

but only if you can find the nearest charging point😀

[ArgentSmith]

 

Edited April 20, 2023 by ArgentSmith

[CANV]

I think golds done well to hang in over 1600 smackers , but im more concerned about the 2k USD level.   

[Cointreau]

22 minutes ago, CANV said:

I think golds done well to hang in over 1600 smackers , but im more concerned about the 2k USD level.   

And gold has dpne well to stay above $2k. It would appear that we are still on an uptrend and dangerous to be short.

I  had expected more downside than what we just had.

[CANV]

commodities are still falling. oil is comfortably below the levels where Saudi Arabia 'said' they would cut production (these so called opec production cuts seldom materialise in the real world, they need the loot) 

I think gold could easily transition from the inflation hedge into the get stuff of the grid hedge in the general publics eyes.   of Course on here nearly everyone is well down that road ! 

[bobski]

Saudi and Mexico looking to Join BRICS. This could get very interesting. The death of western currencies seems inevitable at this point. The WEF aligned economies all seem to be ushering in CBDC's. The next big step towards a world government and the full global control they're desperate for. BRICS will be triumphant though.

 

IN MY OPINION.

So looking good for gold and silver

[flyingveepixie]

9 hours ago, bobski said:

Saudi and Mexico looking to Join BRICS. This could get very interesting. The death of western currencies seems inevitable at this point. The WEF aligned economies all seem to be ushering in CBDC's. The next big step towards a world government and the full global control they're desperate for. BRICS will be triumphant though.

 

IN MY OPINION.

So looking good for gold and silver

IMO also....  It seems clear that the BRICS star is rising and the star of the west (or call it whatever else you want, sounds a bit too Tolkien-ish, that)) is falling, and all of these desperate control measures like CBDC, digital ID and all the rest of the bollocks is nothing more than final desperate measures to retain a control they are rapidly losing.

Another way of looking at it is the 7 stages of empire theory as written by John Bagot Glubb in his superb 26 page essay. According to that, the old established nations of the west are now in their final stage of decline, having existed for more than 250 years, and it is quite amazing how all of the factors this bloke postulated back in the 1970s are now with us and very much a reality. Well worth a read.

Anyway, back to gold : £1606.16 as I write.

https://medium.com/i-m-h-o/7-stages-of-empire-fcc641b07875

Edited April 21, 2023 by flyingveepixie

[bobski]

32 minutes ago, flyingveepixie said:

IMO also....  It seems clear that the BRICS star is rising and the star of the west (or call it whatever else you want, sounds a bit too Tolkien-ish, that)) is falling, and all of these desperate control measures like CBDC, digital ID and all the rest of the bollocks is nothing more than final desperate measures to retain a control they are rapidly losing.

Another way of looking at it is the 7 stages of empire theory as written by John Bagot Glubb in his superb 26 page essay. According to that, the old established nations of the west are now in their final stage of decline, having existed for more than 250 years, and it is quite amazing how all of the factors this bloke postulated back in the 1970s are now with us and very much a reality. Well worth a read.

Anyway, back to gold : £1606.16 as I write.

https://medium.com/i-m-h-o/7-stages-of-empire-fcc641b07875

You nailed it in summary. We’re witnessing the death of the empire. Gold to the moon!!

Well, once I’ve stacked a bit more of it anyway

[Paul]

1 hour ago, bobski said:

 Gold to the moon!!

Well, once I’ve stacked a bit more of it anyway

[GoldDiggerDave]

Not to the moon yet!  I really could do with a little dip when the Tudor beast come out, first ones were around £1530 delivered now those are looking at the very high £1,700 if not low £1,800……

glad I loaded up on a few of those 1oz gold lions🤗

[Darr3nG]

1 hour ago, bobski said:

Gold to the moon!!

But Wonger say it go down hard...?

[LemmyMcGregor]

5 minutes ago, Darr3nG said:

But Wonger say he go down hard...?

If he's that way inclined... I'm not judgemental.

[LightningSilver]

What are everyone's thoughts on a dip if the US/UK head in to a recession later this year?  I follow lots if Youtube financial channels and most expect a big downturn at some point and gold usually dips initially before a big rally in these scenarios. 

[flyingveepixie]

15 minutes ago, LightningSilver said:

What are everyone's thoughts on a dip if the US/UK head in to a recession later this year?  I follow lots if Youtube financial channels and most expect a big downturn at some point and gold usually dips initially before a big rally in these scenarios. 

Could well happen, or it could go the opposite way. It's a fickle business.

[JamesH]

42 minutes ago, LightningSilver said:

What are everyone's thoughts on a dip if the US/UK head in to a recession later this year?  I follow lots if Youtube financial channels and most expect a big downturn at some point and gold usually dips initially before a big rally in these scenarios. 

In my limited experience, I think if you “wait and see” you either tend to win big or lose big. Average in a little every week/month and smooth out the peaks/troughs and all being equal, you should do ok 

[EdwardTeach]

5 hours ago, flyingveepixie said:

Another way of looking at it is the 7 stages of empire theory as written by John Bagot Glubb in his superb 26 page essay.

 

Is that The Fate of Empires book?

 

Edited April 21, 2023 by EdwardTeach

[GoldDiggerDave]

55 minutes ago, LightningSilver said:

What are everyone's thoughts on a dip if the US/UK head in to a recession later this year?  I follow lots if Youtube financial channels and most expect a big downturn at some point and gold usually dips initially before a big rally in these scenarios. 

If you wait you will wait forever, for me if i can afford gold then I buy it regardless of how I think which way the markets go, as I have alway got the ability to generate more Fiat to live on.

Don’t buy more than you can comfortably afford to hold. 
 

 

[CazLikesCoins]

6 minutes ago, JamesH said:

In my limited experience, I think if you “wait and see” you either tend to win big or lose big. Average in a little every week/month and smooth out the peaks/troughs and all being equal, you should do ok 

I'm past caring. My other half, every fr'kin day, "GOLD IS GOING UP!!!!! GET READY TO SELL!!!!!" ... ok dear. Does nothing. Next day, "GOLD IS GOING DOWN!!!!! GET READY TO SELL!!!!!" ... ok dear. Does nothing. Every ... fr'kin ... day. And for the amount owned we're looking at profits that would'nt buy a family pack of crisps. 

I'm wondering if Tourettes is at play or maybe amateur dramatics practice. Might be going start in a local theatre without telling me.

[GoldDiggerDave]

Honestly too many people kick the backside out of it, down to the enth dredges margins percentages and  that dirty word DELIVERY!  
 

Does it matter if I paid £197-£220  for a sovereign in 2017? 

[flyingveepixie]

53 minutes ago, EdwardTeach said:

Is that The Fate of Empires book?

 

It's titled "The Fate of Empires and Search for Survival", and is a 26 page easy read. 

http://people.uncw.edu/kozloffm/glubb.pdf

I see there is a book of the same title by a different author...probably similar subject material. Is that the one you refer to..?

https://www.amazon.co.uk/Fate-Empires-Arthur-John-Hubbard/dp/5518593228

Edited April 21, 2023 by flyingveepixie

[flyingveepixie]

43 minutes ago, GoldDiggerDave said:

Honestly too many people kick the backside out of it, down to the enth dredges margins percentages and  that dirty word DELIVERY!  
 

Does it matter if I paid £197-£220  for a sovereign in 2017? 

Setting aside for a moment the considerations of manipulation in terms of the paper and virtual PMs market by dodgy bankers, It's always worth reminding ones self that it's not really the price of gold which is going up, but is the value and purchasing power of fiat which is going down

Edited April 21, 2023 by flyingveepixie