Gold Monitoring Thread £ GBP only

[Oldun]

Id be buying old silver coins at this point not shiny bullion. If things seriously go wonky in the next decade, recognisable coins would be better, or at least something round with a UK head of state on it.

Edited March 28 by Oldun

[Sovhead]

£1752 👀

[Oldun]

Id also be collecting copper coins going forward…$6 a gimme going forward at market commodity prices….and as for cocoa prices…whoa, go check a chart.

Edited March 28 by Oldun

[Zhorro]

And do we know what has been pushing up the price of gold over the last week?

[Upsidedown]

6 minutes ago, Oldun said:

and as for cocoa prices…whoa, go check a chart.

Ahh the old freddo>silver debate

[Oldun]

4 minutes ago, Zhorro said:

And do we know what has been pushing up the price of gold over the last week?

Japan going into positive rates albeit only to +0.1% after almost 20 years of negative rates.

Edited March 28 by Oldun

[Upsidedown]

1 minute ago, Zhorro said:

And do we know what has been pushing up the price of gold over the last week?

Probably James buying again

[Zhorro]

1 minute ago, Oldun said:

Japan going into positive rates after almost 20 years of negative rates.

I know the Japanese interest rate has gone slightly positive, but I'm struggling to see a direct connection with the increase in the price of gold.

I think US inflation figures come out tomorrow, so whether people are taking a gamble?

[Oldun]

6 minutes ago, Upsidedown said:

Ahh the old freddo>silver debate

Great fun but they are just profiteering. This https://tradingeconomics.com/commodity/cocoa is reality…Freddo is your friend, just with LOADS of cheep sugar chucked in….cheeeeep sugar and other cheap c**p…

Edited March 28 by Oldun

[ArgentSmith]

18 minutes ago, James32 said:

@ArgentSmith put your money where your mouth is...let's do a video lol

bet accepted 🤣

[Oldun]

7 minutes ago, Zhorro said:

I know the Japanese interest rate has gone slightly positive, but I'm struggling to see a direct connection with the increase in the price of gold.

I think US inflation figures come out tomorrow, so whether people are taking a gamble?

Oh for sure. Stock market is the very definition of gambling. Happens everyday  USD/JPY hammered by 40% since this time last year so buying yen is cheap…..and the Nikkei back to all time highs after 34 years of lows since 1990 loads of non japan entities piled in since the new year….yen carry trade now in danger….lots of zen going on

Edited March 28 by Oldun

[Oldun]

The whole world has been quantatative tightening with interest rates going up. Japan has been the only country easing relentlessly with negative rates….….this small change now could signal a shift in the yen catching up….we shall see…buy low, sell high

Edited March 28 by Oldun

[Upsidedown]

9 minutes ago, Oldun said:

Great fun but they are just profiteering. This https://tradingeconomics.com/commodity/cocoa is reality…Freddo is your friend, just with LOADS of cheep sugar chucked in….cheeeeep sugar and other cheap c**p…

Sacrilege 😤

[Oldun]

1 minute ago, Upsidedown said:

Sacrilege 😤

I’m a Yorkie man myself back when men were men…lol 🤣

[Oldun]

 

[HonestMoneyGoldSilver]

It's going to $2300 (+4% roughly from current price), nothing has changed since I said that a few weeks ago. The interesting thing is what happens this summer May-August/early September. If gold holds or increases during that period then it's time to celebrate if you hold a lot of gold. The question is whether to buy now at the ATH or risk waiting another few months for a possible dip that may never come, and won't come if the Fed cuts rates during that window, which they probably will. Volatility is the only certainty

[CANV]

Sterling has had a fairly stable year v the dollar..  if the BOE goes first.  And it should inflation will crumble soon..  the sell off won’t last long as the improved growth numbers come through..  FX traders are always looking three moves ahead 

[Chronos]

[Petra]

4 hours ago, MBTPSilver said:

Might see £1,750 today! Not sure if the markets are closed tomorrow &/or Monday with the bank holiday.

It’s been there …. and gone again😮😮🤔😁

[MancunianStacker]

48 minutes ago, Chronos said:

To the moon 🚀 

[Dankanugget]

2 hours ago, James32 said:

Yeah bit dramatic 😆 

I did say 2000

[Paul]

Gee whizz, I must be showing my age, but who remembers way back when gold was just £1,500oz?

I do - October, around five months ago 

What do I win ? 

 

[Darr3nG]

5 minutes ago, Paul said:

Gee whizz, I must be showing my age, but who remembers way back when gold was just £1,500oz?

I do - October, around five months ago 

What do I win ? 

 

[SidS]

27 minutes ago, Darr3nG said:

Daft old bat dropped the heart in the ocean at the end. 😁

[Darr3nG]

2 minutes ago, SidS said:

Daft old bat dropped the heart in the ocean at the end. 😁

<Spoilers! />