Gold Monitoring Thread £ GBP only

[codenamedtango]

6 minutes ago, CazLikesCoins said:

End of July, back to the mooOOOoooon!

 

Hope so

[CazLikesCoins]

On 13/06/2023 at 14:15, Bigmarc said:

I feel like I'm being told off. 

Just one of my mid week rants after a sugar induced high. 🤪

[Lyrinn]

@Paul, sub £1,500 before end of next week???

Wonga, come back, all is forgiven!

[Paul]

Has the moon been moved or shifted this week ?? As the gold dial has gone wonky this week 🤔🙄👹

Where's wonga when you need to get some advice and insight on market analysis? 

[Bratnia]

Since 2013 (Yellen, the then newly appointed Fed Chair) and policy has been to align (not directly peg) USD to gold as part of setting policies. Gold in USD was much the same a decade ago as to recent.

What has changed this last week is that the Pound has appreciated against the USD, so gold in turn has depreciated by near the exact same amount.

A good practice is to hold both USD and gold to smooth out the individual volatilities. Gold in-hand (there's 125 times more paper gold than physical gold, so at any time a gold-run could occur (large scale demand for delivery of physical gold)) and for safe keeping drop the USD into US stocks (that can typically be liquidated in a couple of days (T+2)).

PV (US data)

[Earthmetal]

I clicked on your link. It may as well be in Latvian for me... I wish I understood it.

[AuricGoldfinger]

I know someone who’s just bought 40oz

I would be loading up like this if i could right now!

[EdwardTeach]

19 minutes ago, Bratnia said:

Gold in USD was much the same a decade ago as to recent.

Errm... No it wasn't. 👇

 

Edited June 16, 2023 by EdwardTeach

[JamesH]

12 minutes ago, AuricGoldfinger said:

I know someone who’s just bought 40oz

I would be loading up like this if i could right now!

Nice! I’ve got to make a decision re starting to chuck money into this years S&S ISA or load up on the shiny yellow stuff. Honestly not sure where to aim at the minute. Maybe the safe bet. Bit of both

[AuricGoldfinger]

I hve money in an S&S ISA but just cash not invested. Not sure whether to go nuts and buy a shed load of 2023 sovs lol. Only trouble with an ISA is you only get to use the allowance once so it’s money that can be replaced 

[Tn21]

@AuricGoldfinger

Isa allowance which can not be used again right ?

[JamesH]

12 minutes ago, AuricGoldfinger said:

money that can’t be replaced 

Exactly this

[AuricGoldfinger]

14 minutes ago, Tn21 said:

@AuricGoldfinger

Isa allowance which can not be used again right ?

Correctomungo

[Tn21]

3 minutes ago, AuricGoldfinger said:

Correctomungo

So in your case to remove the cash balance from the stock and shares ISA and buy sovereigns instead 

Opportunity cost

Loose the ISA allowance for that year 

Or 

Try and capitalise on the 2023 sovs 

?

[AuricGoldfinger]

4 minutes ago, Tn21 said:

So in your case to remove the cash balance from the stock and shares ISA and buy sovereigns instead 

Opportunity cost

Loose the ISA allowance for that year 

Or 

Try and capitalise on the 2023 sovs 

?

Tbh as much as im tempted i think il probably leave the money in my isa. In 20 years hopefully I’ll thank myself. 
 

ive heard about flexible isas where you can remove the money (over £20k if needs be) as long as you put it back within that tax year or something. This is interesting to me as opportunities always present themselves!

[Roy]

What is an ISA paying these days? .%

[Tn21]

1 minute ago, Roy said:

What is an ISA paying these days? .%

In the region of 4+% fixed 

[Roy]

No good for me, with 10% inflation.

Younger guys have more time 👍

[sixgun]

On 23/03/2023 at 19:43, Roy said:

£1630 on RM page

What's this new avatar showing off Carol's bazooka Joe's?
Don't think i hadn't noticed. 

[Roy]

12 minutes ago, sixgun said:

What's this new avatar showing off Carol's bazooka Joe's?
Don't think i hadn't noticed. 

Thinking man's crumpet 😉

[pricha]

When gold is high dealers run out of stock or the high demand means a long wait to obtain. When gold dips there's plenty of stock.. I'm sure this has been mentioned a hundred times on the forum but surely it should be the other way round. 

[AuricGoldfinger]

I dno i notice atkinsons go mysteriously out of stock on sovereigns when there is a dip

[bobski]

24 minutes ago, AuricGoldfinger said:

I dno i notice atkinsons go mysteriously out of stock on sovereigns when there is a dip

And chards amongst others

[Bratnia]

8 hours ago, EdwardTeach said:

Errm... No it wasn't. 👇

 

I went by Jan 2013 to Dec 2022 decade, where LBMA and Portfoliovisualizer.com data both indicate more broadly similar start/end date levels, give or take a bit of noise. Within that there was a fair amount of volatility/variance (15% standard deviation in yearly changes)

[Bratnia]

34 minutes ago, bobski said:

And chards amongst others

Is that not just reasonably expected business practice. When volatility is high, turn trading off and sit it out for a while until prices stabilise. At least for situations that could result in losses for the business. Not a issue if selling coins at high upside volatility = business benefit/gain. I also imagine that businesses might hedge their positions. Have £1M of physical gold and a desire to maintain that level of exposure, sell £100,000 of gold coins and open a £100,000 gold ETF position so that they still have £1M of overall gold exposure.