Gold Monitoring Thread £ GBP only

[Petra]

34 minutes ago, AndrewSL76 said:

Or a group of high grade half sovereigns…

😮🤔peasant 😮🤔🤣

46 minutes ago, ZRPMs said:

Know what you mean, just chuck them in the buckets  at the back door

😮🤔oi!

[DisplayName]

Good thing the full size packaging was kept 🤪 Guess that's where most of the value is in when buying singles of these buttons.

[gji25]

5 hours ago, Dankanugget said:

Due to high demand and the price now over£309 for a quarter sovereign

What are you smoking man 💭

[Midasfrog]

4 hours ago, ZRPMs said:

There are 1/50th oz krug's out there.

These are also known as contact lenses 😆

[Swampy]

Just checking in to read the thoughts and comments on this thread… it’s always insightful with a good splattering of humour. 

I was just thinking about the sell off of Gold in 1999…. I think it’s something like this…? 

1999 - 395 tons @ $275 oz 

So imagine if Brown had held…. 

2024 - 395 tons @ $2233 oz 

Ho hum…. 

 

[Gruff]

12 minutes ago, Swampy said:

Just checking in to read the thoughts and comments on this thread… it’s always insightful with a good splattering of humour. 

I was just thinking about the sell off of Gold in 1999…. I think it’s something like this…? 

1999 - 395 tons @ $275 oz 

So imagine if Brown had held…. 

2024 - 395 tons @ $2233 oz 

Ho hum…. 

 

Absolutely! Gordo I feel was instructed to sell it. The comment he made was flippant and idiotic. 20 years before it had peaked at over £350/oz or $850/oz, so he was mental to sell at less than half that value.

[ArgentSmith]

20 minutes ago, Gruff said:

I feel was instructed to sell it.

There was someone on the other side of that trade, Gordo didn't make his millions putting in overtime at the treasury.

[Gruff]

13 minutes ago, ArgentSmith said:

There was someone on the other side of that trade, Gordo didn't make his millions putting in overtime at the treasury.

100%! I bet it was somewhere in the East

[theman73]

15 minutes ago, ArgentSmith said:

There was someone on the other side of that trade, Gordo didn't make his millions putting in overtime at the treasury.

Like on all deals made by the government

Edited March 30 by theman73

[ZRPMs]

2 minutes ago, Gruff said:

100%! I bet it was somewhere in the East

I believe there was a bit of jiggery pokery involved with the US.

[Paul]

17 minutes ago, ArgentSmith said:

There was someone on the other side of that trade, Gordo didn't make his millions putting in overtime at the treasury.

[ArgentSmith]

18 minutes ago, theman73 said:

Like on all deals made by the government

This is the trouble with collectivism 

[theman73]

10 minutes ago, ArgentSmith said:

This is the trouble with collectivism 

In my country is called corruption 

[SidS]

2 hours ago, ArgentSmith said:

There was someone on the other side of that trade, Gordo didn't make his millions putting in overtime at the treasury.

James32 bought a chunk of it. 😁

I have mixed feelings about Brown's bottom (and you can interpret that any way you wish). It was not a great move for the UK (understatement) but it was fantastic for individuals buying gold (myself at the time) as it kept the price of sovereigns and halves very low.

For example, in 2003 I had the choice between a Fine condition James II half guinea or a Charles II full guinea for £225! (Naturally I went for the half). Both coins seemed like a lot of money at the time, when George III guineas were only going at £130 a piece. I wish I'd bought way more sovereigns back then, I had the means at the time, sovereigns being so cheap and gold being a dirty word, a barbarous relic that few seemed to want or care about. Then came 2007-8 and well, everything changed.

[KevjustKev]

Change things a tad, worth selling a few sov's off?

[SidS]

5 minutes ago, KevjustKev said:

Change things a tad, worth selling a few sov's off?

I did sell, in 2009-2010, I sold the lot. Only kept the silver... I should have sold the silver and kept the gold I suppose, but hey ho. 😁

[KevjustKev]

11 minutes ago, SidS said:

I did sell, in 2009-2010, I sold the lot. Only kept the silver... I should have sold the silver and kept the gold I suppose, but hey ho. 😁

Might sell a date run of the Machin ones.

[SidS]

I'm only stacking silver at this time, I think it's still dirt cheap, the exact same feeling I had about gold in 2000. Gold's really too expensive for me now. I would only pick up a few bits that are of numismatic interest, and always circulation coins.

[AaaGee]

40 minutes ago, SidS said:

I'm only stacking silver at this time, I think it's still dirt cheap, the exact same feeling I had about gold in 2000. Gold's really too expensive for me now. I would only pick up a few bits that are of numismatic interest, and always circulation coins.

Yep, the hill to buying gold feels like it just got a little steeper.

[Bratnia]

5 hours ago, Swampy said:

Just checking in to read the thoughts and comments on this thread… it’s always insightful with a good splattering of humour. 

I was just thinking about the sell off of Gold in 1999…. I think it’s something like this…? 

1999 - 395 tons @ $275 oz 

So imagine if Brown had held…. 

2024 - 395 tons @ $2233 oz 

Ho hum…. 

But gold was sold to buy (help start) the new Euro. The UK then went on to help uplift many other EU states/countries, raised their roads/infrastructure etc. to the same/better than in the UK. Of course the UK got some/all of that repaid when it left the EU (NOT! It instead had to pay in even more). Fundamentally poor governance, but Parliament repeatedly demonstrates how it is a liability, not a asset.

[Petra]

30 minutes ago, Bratnia said:

But gold was sold to buy (help start) the new Euro. The UK then went on to help uplift many other EU states/countries, raised their roads/infrastructure etc. to the same/better than in the UK. Of course the UK got some/all of that repaid when it left the EU (NOT! It instead had to pay in even more). Fundamentally poor governance, but Parliament repeatedly demonstrates how it is a liability, not an asset.

Much as I have never been a fan of the EU and it’s different names, the UK over the years had billions from them, the old industrial areas and Cornwall did very well out of them

[Chronos]

Fire, Then Ice: Our Deflationary Future:

https://www.lewrockwell.com/2024/03/charles-hugh-smith/fire-then-ice-our-deflationary-future/

[theman73]

6 hours ago, Bratnia said:

The UK then went on to help uplift many other EU states/countries, raised their roads/infrastructure etc.

 

 

 

[Anteater]

6 hours ago, Petra said:

Much as I have never been a fan of the EU and it’s different names, the UK over the years had billions from them, the old industrial areas and Cornwall did very well out of them

The UK was a net contributor to the EU budget. You can make arguments about how the EU chose to spend the money we got back within the UK vs how UK governments would have spent it, but I don't think you can reasonably say that the UK "had" money from the EU when it was only part of what we contributed returned.

[Petra]

1 hour ago, theman73 said:

 

 

 

Think you’re on about China and it’s actions in Africa 🤔😮😮