Gold Monitoring Thread £ GBP only

[gji25]

11 hours ago, HonestMoneyGoldSilver said:

The simple answer is gold and silver are being bought by separate groups of people with some overlap in the middle.

But are they buying phyisical ?

[HonestMoneyGoldSilver]

7 hours ago, gji25 said:

But are they buying phyisical ?

One imagines so unless you can make jewellery out of ETFs. The central banks insist on physical gold which is odd considering they are the ones with oversight over the wider financial markets. When buying physical gold and keeping it in their own vaults the central banks are declaring that when SHTF they don't trust the national or international financial systems. Solid advice, right? Everything these days is just numbers on a screen, zeroes can be added or removed on a whim, nobody knows this better than the central banks

Gold Market Primer: Market size and structure | World Gold Council  (end of 2022 figures, current gold market cap is closer to $15 trillion)

[MBTPSilver]

I believe last night was another record GBP close at £1,725.84, as well as a record AM Gold Fix Price of £1,731.95.

[ArgentSmith]

33 minutes ago, HonestMoneyGoldSilver said:

When buying physical gold and keeping it in their own vaults the central banks are declaring that when SHTF they don't trust the national or international financial systems. Solid advice, right? Everything these days is just numbers on a screen, zeroes can be added or removed on a whim, nobody knows this better than the central banks

Hold that thought 👍

[HonestMoneyGoldSilver]

Just now, ArgentSmith said:

Hold that thought 👍

Sorry I'm not capable, I need someone to constantly beam the thought into my head from a nearby 5G tower or Neuralink

[Paul]

 

[Zhorro]

Thar she blows - £1,735.

[goldmember44]

To da moon! In time for Easter.

[ZRPMs]

11 minutes ago, Paul said:

 

Are you sure this melodic ditty is about the price of gold. Sounds like something else. Drunken sailors, Early morning, Something rising. Reminds me of something else as well.

[Paul]

2 minutes ago, ZRPMs said:

Are you sure this melodic ditty is about the price of gold. Sounds like something else. Drunken sailors, Early morning, Something rising. Reminds me of something else as well.

" Wey, Hay Up She Rises ! "

the price of gold has gone up, wey hey ! 

[James32]

£1736 

[ant1882]

£1737! 

[MBTPSilver]

New ATH today seems likely, £1,739 to beat. The rally still has legs.

[9x883]

Any data this week?

[stefffana]

45 minutes ago, Zhorro said:

Thar she blows - £1,735.

 

26 minutes ago, James32 said:

£1736 

 

16 minutes ago, ant1882 said:

£1737! 

For what you are bidding?🤔

[BLOOMMAN101]

[BLOOMMAN101]

[MrStacker]

No stopping it now! 
 

 

[gji25]

 

[JohnV66]

Looking good at £1739. Second time at all time high.

[MrStacker]

To think I thought we would reach 1750 around end of the year and it’s already hit 1739 at the end of March 2024!!!

Very interesting year ahead of us. 

[iggypop]

I am a lightweight😅 I  measure in Grams even though it’s nice to see my ozs

Gone on big boy hit £60 🚀

[Spyder]

How are our silver friends doing and has it reached £20 yet?

[goldmember44]

10 minutes ago, MrStacker said:

To think I thought we would reach 1750 around end of the year and it’s already hit 1739 at the end of March 2024!!!

Very interesting year ahead of us. 

Yeah, how did we get here so quickly? It seems like yesterday when 1500 felt expensive.

[MrStacker]

21 minutes ago, goldmember44 said:

Yeah, how did we get here so quickly? It seems like yesterday when 1500 felt expensive.

It’s insane how fast it’s gone up. Never anticipated it to be honest at this early part of the year.

Probably going to hit 1800 before the summer.