Gold Monitoring Thread £ GBP only

[FriedrichVonHayek]

37 minutes ago, Petra said:

Cheaper to just stack copper cables etc.🤔😮

Pre 1992, 1 and 2 pences are 97% copper.

[ArgentSmith]

3 minutes ago, FriedrichVonHayek said:

Pre 1992, 1 and 2 pences are 97% copper.

and CGT free 🤣

[SidS]

Pre-decimal bronze coins can be bought by the kilo, several kilos in fact - plenty on eBay.

[ArgentSmith]

45 year copper chart with TA

[FriedrichVonHayek]

If my maths is correct then 2p has 4.75p of copper in it.

So £1 face value of 2 pences is worth £2.37.

An old £1=240 pence would have copper worth £15.52.

My old Grandfather always said decimalisation was a con.

[stackerp5]

19 minutes ago, FriedrichVonHayek said:

If my maths is correct then 2p has 4.75p of copper in it.

So £1 face value of 2 pences is worth £2.37.

An old £1=240 pence would have copper worth £15.52.

My old Grandfather always said decimalisation was a con.

I use cash frequently to get change. If it sticks to a magnet (as modern £1's do), they go in my change cup, which is used for tips or bus rides. Small denomination steel 1p-10p are left aside, and I pay with them at a Tesco cash only self-checkout till  

Non-magnetic coins, i.e. the older ones, 20p, 50p, and £2, go in a giant jar/jug. I'll do a sort of guessing game on TSF once it's full

Edited March 31 by stackerp5
all

[Earthmetal]

1 minute ago, stackerp5 said:

I use cash frequently to get change. If it sticks to a magnet (as modern £1's do), they go in my change cup, which is used for tips or bus rides. Small denomination steel 1p-10p are left aside, and I pay with them at a Tesco cash only self-checkout till  

Non-magnetic coins, i.e. the older ones, go in a giant jar/jug. I'll do a sort of guessing game on TSF once it's full

I'm also hoarding bronze 1p & 2p, and cupro-nickel 5p & 10p. I doubt the intrinsic value of the 20p & 50p is any greater than it's fiat, so I don't keep those. Likewise £1 & £2.

[James32]

Do markets open tonight? Or does bank holiday change things? 

[treetop1280]

2 minutes ago, James32 said:

Do markets open tonight? Or does bank holiday change things? 

The copper markets 👍

[stackerp5]

3 minutes ago, James32 said:

Do markets open tonight? Or does bank holiday change things? 

NYSE says March 29th is Good Friday, but doesn't mention holiday on Monday.

Pre-open at 6:30 am ET

https://www.nyse.com/markets/hours-calendars

Edited March 31 by stackerp5

[SlowFrog]

8 hours ago, Upsidedown said:

(At the risk of this already being covered but not being arsed to read up)

So where do we think gold goes from here in the short term?

I'm expecting a..

Only to pick up again at start of May

Any thoughts?

If it dips back to sub £1600 I'm going all in. Been lining up my chips for a while to make sure I'm ready will definitely pull the trigger on a 1/40oz Brit - don't want to be paying CGT if I have to move it on later. 

[treetop1280]

I’m totally lost in this , is copper classed as a precious metal ??? Thanks Ashley 👍

[FriedrichVonHayek]

2 minutes ago, treetop1280 said:

I’m totally lost in this , is copper classed as a precious metal ??? Thanks Ashley 👍

The Bank of England and the Federal Reserve are trying their best to make it a precious metal.

[Petra]

6 minutes ago, treetop1280 said:

The copper markets 👍

Never closes🤔😁

[treetop1280]

1 minute ago, FriedrichVonHayek said:

The Bank of England and the Federal Reserve are trying their best to make it a precious metal.

Good god ??? Hope not , sounds like another racket

[stefffana]

6 minutes ago, treetop1280 said:

I’m totally lost in this , is copper classed as a precious metal ??? Thanks Ashley 👍

Historically yes, from ancient times.

In modern era not, it is an industrial metal.

Now it is YouTube era and there are plenty of pushers, mostly scrappers/pickers, creating a new trend of stacking. There are already few big refiners like Geiger, Germania Mint, etc, who started selling posh copper bars to cover the demands.

[Gruff]

3 minutes ago, stefffana said:

Historically yes, from ancient times.

In modern era not, it is an industrial metal.

Now it is YouTube era and there are plenty of pushers, mostly scrappers/pickers, creating a new trend of stacking. There are already few big refiners like Geiger, Germania Mint, etc, who started selling posh copper bars to cover the demands.

Absolutely, it was key to making bronze back in the day

[FriedrichVonHayek]

https://www.inflationtool.com/british-pound/1970-to-present-value?amount=1&year2=2024&frequency=yearly

This is interesting, I had worked out an old £1=240 pennies would have copper worth £15.52 in them.

Now according to this inflation calculator a £1 in 1970 would be worth £15.60.

[Earthmetal]

4 minutes ago, Gruff said:

Absolutely, it was key to making bronze back in the day

Er... have they perfected copper-free bronze now? 🤣

[Gruff]

Just now, Earthmetal said:

Er... have they perfected copper-free bronze now? 🤣

 I know, I did set myself up for that, but it was more from the point of view that bronze was critically important to them back then, less so now as we have other alloys.

[Earthmetal]

2 minutes ago, FriedrichVonHayek said:

https://www.inflationtool.com/british-pound/1970-to-present-value?amount=1&year2=2024&frequency=yearly

This is interesting, I had worked out an old £1=240 pennies would have copper worth £15.52 in them.

Now according to this inflation calculator a £1 in 1970 would be worth £15.60.

Looks like inflation has followed copper more closely than gold or silver.

[treetop1280]

2 hours ago, stefffana said:

Historically yes, from ancient times.

In modern era not, it is an industrial metal.

Now it is YouTube era and there are plenty of pushers, mostly scrappers/pickers, creating a new trend of stacking. There are already few big refiners like Geiger, Germania Mint, etc, who started selling posh copper bars to cover the demands.

Well if it’s coming down to copper etc , and 1ps and 2ps , then we are in the  days of MAD MAX ???? WELCOME TO THE SCAVENGER FORUM??? 👍

[Upsidedown]

Just now, treetop1280 said:

Well if it’s coming down to copper etc , and 1ps and 2ps , then we are in the  days of MAD MAX ???? WELCOME TO THE SCAVENGER FORUM??? 👍

*agreeing*

 

 

*realising i'm agreeing with tree*

[Dankanugget]

Better buy a telescope 

[Dankanugget]

It's a moonshot