Gold Monitoring Thread £ GBP only

[ZRPMs]

£1400's are almost here.

[MancunianStacker]

1 minute ago, ZRPMs said:

£1400's are almost here.

I’ve found the new Wonga ⬆️ 

 

😂 

[HonestMoneyGoldSilver]

1 minute ago, MancunianStacker said:

I was expecting 0.5% in fact I’d bet they will do another 0.5% next month. I don’t think it’s working though. Especially if all the lenders allow people to “go interest-only”. Great if it doesn’t affect your credit score but to me it sounds like a default unless Govt step in like they did during Covid and guaranteed no credit history issues. This would make the interest rate hikes even less powerful, making  bigger hikes more likely 🤦‍♂️ 

People will blame the Govt when it’s not really their fault. BOE should have started increasing at 0.25% each month since the Covid helicopter 🚁 money started being paid out 🙄 

True and a lot of people have been saying that since 2021. The thing is with rate hikes we won't see the true effects until 6-12 months after the hikes have been enacted. A bunch of people bought expensive properties during 2020-2022 and are on fixed 2 or 3-year deals. When those deals run out they are in for a rude awakening with the SVR or the terms of re-mortgage.

We've known since 2009 that sustained 5% rates would kill the economy and would cause a greater calamity than the 2008 Great Financial Crisis. Now here we are. People will be spending all their money trying to keep their heads above water on the mortgage and vehicle leases, not to mention food and energy, leaving nothing left over for the discretionary economy. Hence a lot of businesses will go bust, especially the likes of tradesmen who have been making a killing the last few years. If you're spending £10K extra you haven't budgeted for on mortgages, loans, food and energy you can't afford to get a new bathroom, kitchen, landscape the garden, get a new wardrobe, take the kids on holiday, etc, etc

[lst65]

15 minutes ago, MancunianStacker said:

I guess the govt are at fault for the lock downs and the helicopter 🚁 money though 🤷‍♂️ 

People have bad memories and only remember the most recent thing to happen 

What a load of baloney - Covid wasn’t the government’s fault (Labour/Conservative/whoever). Nor was Ukraine being invaded by Russia. Whoever was in power is in for a lose lose situation. It is what it is and our children & grandchildren will be paying for it for the next 40 years!

[gji25]

3 minutes ago, lst65 said:

What a load of baloney - Covid wasn’t the government’s fault (Labour/Conservative/whoever). Nor was Ukraine being invaded by Russia. Whoever was in power is in for a lose lose situation. It is what it is and our children & grandchildren will be paying for it for the next 40 years!

It's america's fault for being a bully and it backfired on them

[Stacktastic]

19 minutes ago, lst65 said:

What a load of baloney - Covid wasn’t the government’s fault (Labour/Conservative/whoever). Nor was Ukraine being invaded by Russia.

Whoever was in power 

😬 - Look out below. 

Im not going there, but I very much disagree - the whole thing was orchestrated and planned
All media across the world had the same wording & message. Too the tee. 
Way too much evidence now for anyone who has the bravery to look at the figures
& think logically rather than on emotion & constant news conditioned conditioned belief system..
The one thing i will add is its not Russia vs Ukraine, but Russia vs nato.  

Givernments have a choice and most times they choose power - as has every tyrant in history. 
2020 was Joseph Gerbles wet dream, but it never works for long does it? 

This is very off topic, anyone got support levels at all that knows how to chart? I shall have look tomorrow. 

Edited June 22, 2023 by Stacktastic

[gji25]

Get ready for interest rates to hit 7% by the end of the year imo

[Spyder]

4 hours ago, JamesH said:

Buying on the way up and on the way back down again. End goal, more gold. Nothing’s changed. Just get a bit more for my money now 😀

It funny the human psyche. People will average up paying £400 for sovereigns a few weeks ago and then panic and not buy at £380 on the way down. 

I am completely different. I bought all the way up from £180 and will buy all the way down again if it happens, with trading a few as we go along.

[Earthmetal]

28 minutes ago, Stacktastic said:

😬 - Look out below. 

Im not going there, but I very much disagree - the whole thing was orchestrated and planned
All media across the world had the same wording & message. Too the tee. 
Way too much evidence now for anyone who has the bravery to look at the figures
& think logically rather than on emotion & constant news conditioned conditioned belief system..
The one thing i will add is its not Russia vs Ukraine, but Russia vs nato.  

Givernments have a choice and most times they choose power - as has every tyrant in history. 
2020 was Joseph Gerbles wet dream, but it never works for long does it? 

This is very off topic, anyone got support levels at all that knows how to chart? I shall have look tomorrow. 

👆What he said.

[bobski]

32 minutes ago, Stacktastic said:

😬 - Look out below. 

Im not going there, but I very much disagree - the whole thing was orchestrated and planned
All media across the world had the same wording & message. Too the tee. 
Way too much evidence now for anyone who has the bravery to look at the figures
& think logically rather than on emotion & constant news conditioned conditioned belief system..
The one thing i will add is its not Russia vs Ukraine, but Russia vs nato.  

Givernments have a choice and most times they choose power - as has every tyrant in history. 
2020 was Joseph Gerbles wet dream, but it never works for long does it? 

This is very off topic, anyone got support levels at all that knows how to chart? I shall have look tomorrow. 

got no reactions left...

YOU NAILED IT 💖

[Xander]

Bought these last week from Atkinsons. They were supposed to be delivered on Monday. To add to my pain, RM has made an arse of the delivery.

I would have a better chance of communicating with that sub, than with this lot. 

[Xander]

21 hours ago, ZRPMs said:

Is the pound so strong or has everything else, the Dollar more so, gone to hell. Anyhow I grabbed a few half sov's today. Think we might get to the £1,400's soon.

I preferred it when, for a short time it was at £980.00 

[Xander]

This goat sale reminds me of the NBS on a Friday night.

[Bigmarc]

3 hours ago, HonestMoneyGoldSilver said:

A bunch of people bought expensive properties during 2020-2022 and are on fixed 2 or 3-year deals.

Yes this is me, bought in June 2021 with 2 year deal. Mortgage was due for renewal at the end of this month. If I left it I would be paying £1000 more per month but luckily I could see what was coming and secured a deal 6 months ago. Still paying a couple of hundred more but feel for those that are moving forward on pure hopeium that rates will fall. 

[AurumArgenti]

9 hours ago, lst65 said:

What a load of baloney - Covid wasn’t the government’s fault (Labour/Conservative/whoever). Nor was Ukraine being invaded by Russia. Whoever was in power is in for a lose lose situation. It is what it is and our children & grandchildren will be paying for it for the next 40 years!

The way the government reacted to both situations is the problem. 

[Petra]

8 hours ago, Xander said:

Bought these last week from Atkinsons. They were supposed to be delivered on Monday. To add to my pain, RM has made an arse of the delivery.

I would have a better chance of communicating with that sub, than with this lot. 

Their ‘new’ system with the red cards is a nightmare! Great when I could just call round at the local post office for a missed parcel the next day. Trying to get a parcel re delivered to a different address resulted in not getting it for eight days and after two phone calls the special delivery just getting pushed through my letterbox whilst not at home!🤔🫢

[GoldDiggerDave]

.

 

Edited June 23, 2023 by GoldDiggerDave

[LemmyMcGregor]

10 hours ago, MancunianStacker said:

People will blame the Govt when it’s not really their fault. BOE should have started increasing at 0.25% each month since the Covid helicopter 🚁 money started being paid out 🙄

People blame the government because the government did it, whatever the Bank of England did subsequently, did so in response to actions taken by the government.

This said, 1400 today!

[MancunianStacker]

11 hours ago, gji25 said:

Get ready for interest rates to hit 7% by the end of the year imo

Very possibly! 0.5% increases going forward I reckon each time.

[MancunianStacker]

1 hour ago, LemmyMcGregor said:

People blame the government because the government did it, whatever the Bank of England did subsequently, did so in response to actions taken by the government.

This said, 1400 today!

I was meaning the Govt couldn’t increase rates themselves, they had to wait for BOE to do it, then being the “experts”

[LemmyMcGregor]

3 hours ago, MancunianStacker said:

I was meaning the Govt couldn’t increase rates themselves, they had to wait for BOE to do it, then being the “experts”

I very much appreciate your point, mine is that I see it all as distraction, as we are busy discussing the rates and the response of the BoE, while we should be discussing instead the reasons driving those changes. It's all smoke and mirrors.

This said, my prediction failed, gold has gone up the whole of £4 since I posted "down to 1400", I shall go and flagellate myself in shame.

[Stacktastic]

10 minutes ago, LemmyMcGregor said:

gold has gone up the whole of £4 since I posted "down to 1400", I shall go and flagellate myself in shame.

Wait until 3pm for the Comex. 😛 
The USA wakes up then. Plus its a Friday. 

[LemmyMcGregor]

1 minute ago, Stacktastic said:

Wait until 3pm for the Comex. 😛 
The USA wakes up then. Plus its a Friday. 

Don't you like to start your weekends with a bit of fun?

[Stacktastic]

23 minutes ago, LemmyMcGregor said:

Don't you like to start your weekends with a bit of fun?

I am a professional DJ every weekend is fun for me. 😛 
I am guiding a 50 strong group at the moment on large purchases, so I am hoping for a decent ditch of the contracts on the metals. 
Who wants a long position on an industrial metal heading into one of the worst recessions in history??  


I have cheated & this is what Gareth Solway said last night  - American prices and market though. 😛 
Does anyone know the ticker symbol for silver and gold for UK - ie the data that the Bullion by post app uses?? 

 

SILVER: 

My highly technical chart for the UK 😛 basically the same as Gareth - I think it might have a bounce now?? 
silver - dont think so given the inflation and interest rates and stuff - the UK has shown the world the problem!! 

Edited June 23, 2023 by Stacktastic

[flyingveepixie]

Seems to be rallying a little bit now : £1521.12 and counting...🤞

Edited June 23, 2023 by flyingveepixie