Gold Monitoring Thread £ GBP only

[Gruff]

1 hour ago, Paul said:

I don't understand, unclear

Am I meant to stack silver at this price point ( asking for a friend) 

You've got to stack all the way to the moon! 

[Paul]

14 hours ago, Gruff said:

You've got to stack all the way to the moon! 

its not finished yet  

[Chronos]

3 hours ago, Paul said:

its not finished yet  

The Moon?

[Gruff]

1 minute ago, Chronos said:

The Moon?

Yep, them aliens are still building it, hence why we only see the one side 😉 

[Paul]

26 minutes ago, Chronos said:

The Moon?

My gold stacking 

[Guest]

25 minutes ago, Gruff said:

Yep, them aliens are still building it, hence why we only see the one side 😉 

I heard they deliberately hid the other side so we don't see their price hammering headquarters

[BLOOMMAN101]

[James32]

Silver is mooning...take that you gold bug suckers

[Darr3nG]

2 minutes ago, James32 said:

Silver is mooning...take that you gold bug suckers

Silver sovs... you heard it here first!

[Chronos]

23 minutes ago, James32 said:

Silver is mooning...take that you gold bug suckers

Wake me up when gold:silver ratio comes down to 1:40

[Chronos]

19 hours ago, Gruff said:

You've got to stack all the way to the moon! 

Isn't it sad that we have to stack gold and silver to get to the Moon while people with big ears can just fly up there like Dumbo ...

[Guest]

11 minutes ago, Chronos said:

Wake me up when gold:silver ratio comes down to 1:40

Will that also be when gold crashes to £800/oz?

[Chronos]

3 minutes ago, SeverinDigsSovereigns said:

Will that also be when gold crashes to £800/oz?

I hope not.

[JohnA1]

2 hours ago, SeverinDigsSovereigns said:

Will that also be when gold crashes to £800/oz?

Whoohooo more sovs...back up the truck

[Gruff]

22 minutes ago, JohnA1 said:

Whoohooo more sovs...back up the truck

Then wen moon?!

[trp]

Please keep comments respectful and in line with the theme of the thread. 

[silversky]

It looks like the Red sea crisis is going to have a major impact on the world economy.  Oil and freight is drying up through the Suez, as more and more companies rule out using it.  Only Russian tankers are still transiting without being attacked, but even they may not be safe...  If this ended tomorrow, there would still be a large impact felt as the delays and costs arrive down the supply chain.  If we recall, evergreen closed the Suez for only six days, and that had a huge impact.

This crisis is going to create a way bigger drama as global trade is forced into a 14 day 3500 mile detour.  The cost of delays will be enormous, along with the cost of extra fuel to move things the long way.  Positioning jet fuel will also cause additional challenges, and costs to air freight will likely rise too.  A rise in inflation must surely be inbound?  Rising inflation means rising rates to combat it again, with a consequent impact on gold prices.  Hard to say what will happen to gold, but I can see silver falling as concerns grow for the world economy.  Oil supply to those nations which have rejected Russian oil will likely tighten, and I imagine that UK energy prices are going to rise.  This probably means that the UK pound will come under pressure, with a consequent rise in Gold in GBP terms.

Most shipping these days is flagged under flags of convenience, which means of course that it is not afforded protection at sea by major powers.  But if the world economy starts to falter because of the red sea blockade, perhaps military intervention will become a priority for a number of players not least the Egyptians.  Interesting times.

[GoldDiggerDave]

11 hours ago, silversky said:

It looks like the Red sea crisis is going to have a major impact on the world economy.  Oil and freight is drying up through the Suez, as more and more companies rule out using it.  Only Russian tankers are still transiting without being attacked, but even they may not be safe...  If this ended tomorrow, there would still be a large impact felt as the delays and costs arrive down the supply chain.  If we recall, evergreen closed the Suez for only six days, and that had a huge impact.

This crisis is going to create a way bigger drama as global trade is forced into a 14 day 3500 mile detour.  The cost of delays will be enormous, along with the cost of extra fuel to move things the long way.  Positioning jet fuel will also cause additional challenges, and costs to air freight will likely rise too.  A rise in inflation must surely be inbound?  Rising inflation means rising rates to combat it again, with a consequent impact on gold prices.  Hard to say what will happen to gold, but I can see silver falling as concerns grow for the world economy.  Oil supply to those nations which have rejected Russian oil will likely tighten, and I imagine that UK energy prices are going to rise.  This probably means that the UK pound will come under pressure, with a consequent rise in Gold in GBP terms.

Most shipping these days is flagged under flags of convenience, which means of course that it is not afforded protection at sea by major powers.  But if the world economy starts to falter because of the red sea blockade, perhaps military intervention will become a priority for a number of players not least the Egyptians.  Interesting times.

Defo building in a 4-5 week  delay  into the system starting 2024.    Come end of Jan24  Diesel will be back to £1.80+ 

Edited December 21, 2023 by GoldDiggerDave

[9x883]

47 minutes ago, silversky said:

It looks like the Red sea crisis is going to have a major impact on the world economy.  Oil and freight is drying up through the Suez, as more and more companies rule out using it.  Only Russian tankers are still transiting without being attacked, but even they may not be safe...  If this ended tomorrow, there would still be a large impact felt as the delays and costs arrive down the supply chain.  If we recall, evergreen closed the Suez for only six days, and that had a huge impact.

This crisis is going to create a way bigger drama as global trade is forced into a 14 day 3500 mile detour.  The cost of delays will be enormous, along with the cost of extra fuel to move things the long way.  Positioning jet fuel will also cause additional challenges, and costs to air freight will likely rise too.  A rise in inflation must surely be inbound?  Rising inflation means rising rates to combat it again, with a consequent impact on gold prices.  Hard to say what will happen to gold, but I can see silver falling as concerns grow for the world economy.  Oil supply to those nations which have rejected Russian oil will likely tighten, and I imagine that UK energy prices are going to rise.  This probably means that the UK pound will come under pressure, with a consequent rise in Gold in GBP terms.

Most shipping these days is flagged under flags of convenience, which means of course that it is not afforded protection at sea by major powers.  But if the world economy starts to falter because of the red sea blockade, perhaps military intervention will become a priority for a number of players not least the Egyptians.  Interesting times.

Jeepers. Better stock up on the rice and oils.

[GoldDiggerDave]

£1608 GBP

[Gruff]

[Midasfrog]

7 hours ago, James32 said:

Silver is mooning...take that you gold bug suckers

Yes I was following that surge up 41p then down 20p managed to buy some at the peak while the going was good , who's your Daddy Frog

Gold currently at £1607 👍

Edited December 20, 2023 by Midasfrog

[9x883]

Who's winning the spider coins then?🕷

[Chronos]

7 minutes ago, 9x883 said:

Who's winning the spider coins then?🕷

Spiderman.

[9x883]

Moon?