Gold Monitoring Thread £ GBP only

[AuricGoldfinger]

Two weeks is an eternity these days

[HGr]

Wish I bought the dip last Monday! 

[Zaurett]

I was hovering over the buy button at Sharps when they were around the £300 mark. Should’ve gone ahead with it but I’ve got a lot wrapped up in flights/hotels that I’m waiting to get back through an insurance claim.

 

Still, I managed to get 6 from H&B last year for £229 so at least I’m quids in on those. Well, not really as I’m not selling them anytime soon!

[AuricGoldfinger]

Wish i bought more on the big dip 18 months ago 😂

[Midasfrog]

Todays high £1395.52 🙄

[sixgun]

So the weekly candle zoomed the median line - the far side of the fork is £1600 in a month's time.

[Minimalist]

19 minutes ago, sixgun said:

So the weekly candle zoomed the median line - the far side of the fork is £1600 in a month's time.

Dont you mean £500? Wonger knows, right? 😉

[sixgun]

5 minutes ago, cinereus said:

What am I missing here. Crazy price but limit to 1 per household per year?!

Is it really just a loss leader?

Yes it is a loss leader - they want to get you on their list - they will flood you with junk mail or whatever it is they flood you with and get you to buy their overpriced stuff.

[TheCoinCabinet]

Hello all,

We will host a LIVE webinar tomorrow evening at 8pm UK time, covering topics such as

- Reasons behind gold price fluctuations during COVID-19 crisis.
- How investment into gold coins can help your financial situation
- Semi-collectable gold coins as a cost-saving option to bullion

I thought this could be of interest to some of you. 

Tom Pelc, our investment director with over 30 years experience in banking, a leading figure on macro-technical strategy, will co-host and share his professional analysis on what has been going on in the gold market lately. This will not be the standard information you read in the newspaper.

Here is a link to the webinar which happens on Zoom 

https://zoom.us/webinar/register/WN_IjHGMNpiRrO9JBdYbfR4Dw

All the best and stay safe,

Andreas Afeldt
Managing director, The Coin Cabinet

[Oldun]

Can you keep your virus chat off this thread. Preferably, delete your own comments and join the zillions of threads already devoted to chatting about the virus.
@Auricsstash @Foster88 @cinereus @Zaurett @zhoutonged and anyone else I missed.

You are all completely off topic and are ruining the flow of this thread which is the gold price in gbp.

Edited March 26, 2020 by Oldun

[ChrisSilver]

Please post in the correct topics / forum sections. Non PM posts in this topic have been hidden.
 

[Foster88]

On 26/03/2020 at 20:37, Oldun said:

Can you keep your virus chat off this thread. Preferably, delete your own comments and join the zillions of threads already devoted to chatting about the virus.
@Auricsstash @Foster88 @cinereus @Zaurett @zhoutonged and anyone else I missed.

You are all completely off topic and are ruining the flow of this thread which is the gold price in gbp.

Oh the irony. You post asking people not to post about the pandemic which if you see my earlier posts on this thread I said “This isn’t the place for it.”

But the irony is that you felt the need to post about a topic that has stopped in the wrong category to ask for it to be stopped being talked about when it has already stopped.

Edited March 28, 2020 by Foster88

[Oldun]

You dont need this.Take a step back from the keyboard. And if you need to discuss, private message me to save others from it. It is easy. You posted in the wrong thread. I informed not just you but others. They have duly taken it on board without trying to ramp it. Happy to chat off thread.

Edited March 28, 2020 by Oldun

[SilverPirate007]

Anyways is anyone actually buying gold at the moment?

[Xander]

5 minutes ago, SilverPirate007 said:

Anyways is anyone actually buying gold at the moment?

Well, some of the gold dealers are claiming to be cleaned out, someone is buying. Not me though.

[AuricGoldfinger]

Buy buy buy 😂

[Uksilverstackers]

With reference to dealers being cleaned out of Gold, there is a difference with leasing rates as shown below.
 

If there is ample supply the lease rates drop, if there is a shortage they rise. Not showing like that on Gold chart, but is on silver. This  is a bit contradictary to what we are seeing with dealer availability for Gold.Can anyone shed any light.

The red line is the 2 month rate. Even the green line at 6 months out is below the average on the Gold chart.

Edited March 28, 2020 by Uksilverstackers

[SilverPirate007]

9 minutes ago, AuricGoldfinger said:

Buy buy buy 😂

Really? Gold is at all time highs! As soon as this pandemic is over it may crash.

[Nick1368]

3 hours ago, SilverPirate007 said:

Anyways is anyone actually buying gold at the moment?

I have bought 7oz of gold in March and I m still looking to buy more , I do not see any other investment safer than gold at the moment .

Edited March 28, 2020 by Nick1368

[AuricGoldfinger]

Gold isn’t far off it’s all time high (GBP) it was at BEFORE the pandemic. The aftermath will last a lot longer than the end of the pandemic. My “buy buy buy” was a but tongue in cheek, but i do think now is a great time to buy - or even better - already own gold.

[Nick1368]

5 minutes ago, SilverPirate007 said:

Really? Gold is at all time highs! As soon as this pandemic is over it may crash.

Really ? that's if you think gold is at it's all time highest because of the pandemic .

Also this pandemic is not going anywhere anytime soon.

[Martlet]

52 minutes ago, zhoutonged said:

Gold can't go bankrupt, supply can't inflate, it will never go to zero. But at these prices I'm thinking the market is *correctly*  starting to price in an eventual return to gold backed money?

We arent returning to gold backed money.  I know you may not accept this, but use the recent crisis as a reference.  With gold backed money, how could governments react to world wide economic constriction, with simultaneous supply and demand shock?  Politicians will not put themselves into the economic restriction of gold standard again. 

Edited March 28, 2020 by Martlet

[Auricsstash]

20 minutes ago, Martlet said:

We arent returning to gold backed money.  I know you may not accept this, but use the recent crisis as a reference.  With gold backed money, how could governments react to world wide economic constriction, with simultaneous supply and demand shock?  Politicians will not put themselves into the economic restriction of gold standard again. 

Before we start I agree entirely I don’t feel we are returning to a gold backed currency. However they would do what every government with a gold backed currency has done and back it with less gold.. 

I think there is something going off with the USD take a look at the Euro GBP and Yen to USD charts over the past week.
I feel a lot of money is coming out of the dollar at this moment in time and that’s why the USD gold price has been rock solid...

Edited March 28, 2020 by Auricsstash

[SilverPirate007]

3 hours ago, Nick1368 said:

Really ? that's if you think gold is at it's all time highest because of the pandemic .

Also this pandemic is not going anywhere anytime soon.

A fair point

[SilverPirate007]

2 hours ago, Auricsstash said:

Before we start I agree entirely I don’t feel we are returning to a gold backed currency. However they would do what every government with a gold backed currency has done and back it with less gold.. 

I think there is something going off with the USD take a look at the Euro GBP and Yen to USD charts over the past week.
I feel a lot of money is coming out of the dollar at this moment in time and that’s why the USD gold price has been rock solid...

Totally agree