Gold Monitoring Thread £ GBP only

[Gruff]

Just now, Bogart said:

Some people on here have obviously got too much free time!

Who dat? I've been working since before 0700.

[Paul]

9 minutes ago, James32 said:

£1734

Let er rip..

[BLOOMMAN101]

 

silver chart looks similar

[Dankanugget]

To he moon via Hackney  wick

[Beanyman]

40 minutes ago, Paul said:

Can't catch BTC

[goldmember44]

40 minutes ago, BLOOMMAN101 said:

 

silver chart looks similar

Not really, silver is still down for the day..

[BLOOMMAN101]

15 minutes ago, goldmember44 said:

Not really, silver is still down for the day..

 

[treetop1280]

1 hour ago, James32 said:

£1734

Let er rip..

didnt you say the other day if scrap went to £1727 you would sell the lot ???? " well go on then big balls  get it listed """😀 or are we trying squeeze it like a sponge to get the last pennies out of it ?????always thought you were a man of your word 😀"  we shall see, or maybe your reputation will be destroyed by your own hand ,😀  

[9x883]

Looking 💪 gold! £1737

[BLOOMMAN101]

[MBTPSilver]

Could beat the Sterling ATH again today if this strength continues. Hitting resistance at $2,200 though.

[goldmember44]

38 minutes ago, BLOOMMAN101 said:

 

USD chart, yes, GBP one still in red for day.

[MrStacker]

No stopping it now. The acceleration looks to have started…..and here I thought 2 days  ago was expensive 🤣 but I still bought! 

[Dankanugget]

Good man

[Paul]

11 minutes ago, MrStacker said:

No stopping it now. The acceleration looks to have started 🤣

[9x883]

13 minutes ago, MrStacker said:

No stopping it now. The acceleration looks to have started…..and here I thought 2 days  ago was expensive 🤣 but I still bought! 

Don't wait for a graph to tell you! There's only one direction ⬆️📈

 

[Lyrinn]

I'm going to jinx it.

£1,750 by the end of the day.

You're welcome.

[Dankanugget]

Time to buy an ounce now

[Dankanugget]

Don't look back in ongar 

 

[treetop1280]

1 hour ago, MrStacker said:

No stopping it now. The acceleration looks to have started…..and here I thought 2 days  ago was expensive 🤣 but I still bought! 

Easy  there tiger ???? Don’t get to excited @MrStacker??? You know what your blood pressure is like,   sunshine??? Can’t see to many  on here volunteering for mouth to mouth resuscitation???? , well maybe @Fenlander1???, in fact definitely @Fenlander1

[HonestMoneyGoldSilver]

On 23/03/2024 at 10:11, treetop1280 said:

Nerd question time , why does gold go up , yet silver stays round about the same ?? If they are both in the ground , and supposed to have a limit of supply ??? When things go up quickly in price , isn’t that a bad thing , like say property , get to a high point , then crash ???

The simple answer is gold and silver are being bought by separate groups of people with some overlap in the middle. The big players in gold are central banks and jewellery makers who dwarf the gold stackers. The big players in silver are industry and silver stackers with much less influence from central banks, although some major players like Texas are getting on board the monetary silver train. The central banks buy on schedule and do whatever they want, it's never going to be a bad strategy to use created fiat currency to buy solid gold money. The fate of silver is more closely tied to the real economy than gold.  Silver is a dual-purpose metal (monetary + industry) and 25-30%+ of the market is consumer stacking, with gold it's < 5% 

Also the gold market is 10 times bigger than silver so it takes a lot more money to shift one than the other - this makes silver much more volatile

Edited March 26 by HonestMoneyGoldSilver

[Paul]

4 hours ago, Lyrinn said:

£1,750 by the end of the day 

 

 

[Lyrinn]

2 hours ago, Paul said:

 

 

@Paul when moon?

 

[Britannia47]

Just been looking at the beginning of this topic by @Paul when gold was between £700 & £800!  I joined in 2018 when an ounce was still below £1000, and a good time to fill your boots. 

Next month is the 10th anniversary of TSF - Has anything been planned?  Perhaps free silver rounds for long serving members?😁 Ha, Ha. This all started by monitoring Silver, not Gold!

When I started in 1997 Sovereigns were £45/50 and a 1oz for about £200, so the increase has been about x8.

I know that inflation has eaten away at the spending power of any profit made, but it’s better than nothing.

Good-luck for all members who are holding gold for the medium to long-term…..

Edited March 26 by Britannia47

[gji25]

15 hours ago, Gruff said:

Not now, I'm on a train. I'll get some weird looks