Gold Monitoring Thread £ GBP only

[theman73]

3 minutes ago, katyc said:

Why thank you! 

See above post  

Damn girl, you changed a lot

[ZRPMs]

2 minutes ago, katyc said:

I think only @BullionMan89 knows what I look like.

He can confirm the above pic is me on a good day!

Not wanting to imply anything but the pic above is a gif of a football team hugging.

[James32]

5 minutes ago, katyc said:

I think only @BullionMan89 knows what I look like.

He can confirm the above pic is me on a good day!

Pretty sure @stefffana has pictures taken in person from your garden. 

[katyc]

Just now, James32 said:

Pretty sure @stefffana has pictures taken in person from your garden. 

[Bratnia]

9 hours ago, bobski said:

So they're effectively printing more gold and devaluing the real stuff? Nothing surprises me

£1,859.07

The US treasury bought 8000 tonnes of gold in 1933. Nowadays that lent to the Fed at a $42.222 rate, so at a market price of $2111 the Fed has 50x leverage, that rises if the dollar falls against gold (gold price rises). In turn the Fed can use that 50x leverage to buy (or sell) 123x leveraged paper gold (at recent levels) ... that can be used to direct the price of gold into alignment with the dollar a.k.a dollar aligned to the price of gold. US debt expansion when drawn using log scale Y axis, as you should for longer time periods, is more a straight line, many charts however are drawn using linear scale Y axis, so US debt expansion is often (falsely) claimed to be a unsustainable exponential - whereas it is, the dollar will over time continue to decline relative to the price of gold as the US target a 2% inflation rate (devaluation of dollars). All of that secures the dollar, that in turn others use as a international trade settlement currency instead of gold. Based on a foundation of retaining a large amount of physical gold, but where there are many claims to each ounce of gold. If you can't physically touch the gold your 'own' then any claim is potentially in the same queue as 120+ others. Gold makes for a good alternative to bonds/cash deposits (paper money), a 67/33 stock/gold can broadly compare to all-stock but with less volatility (will rise less during good stock times, fall less during stock bad times).

At the end of the day, it is those holding physical gold that get to determine how the 120 claims upon each ounce may be settled. Even funds claiming to be backed by physical gold could see that gold vanish under a gold-rush condition.

[Roy]

Is now a good time to enter the stock market though?

(Not me!)

[kimchi]

3 minutes ago, Roy said:

Is now a good time to enter the stock market though?

(Not me!)

I got out a while back, isn't it the big seven or eight propping the whole thing up?

[Bratnia]

5 minutes ago, Roy said:

Is now a good time to enter the stock market though?

(Not me!)

Whilst a year of stock and gold both down do periodically occur, there's the prospect that either stock or gold will by up in a year time, where those gains offset the loss in the other asset (and typically more). 50/50 and in a years time rebalance ... and likely you'll end up holding either more ounces of gold, or more stock shares (lower average price per share). So yes. Supplemented with averaging in and out over many years and it all tends to average out well - better than having stayed in cash.

[Chronos]

The Long Gold Trade Still Has A Lot Of Positive Structural Things Going For It:

https://www.zerohedge.com/the-market-ear/long-gold-trade-still-has-lot-positive-structural-things-going-it

Gold prices: beyond inflation and real yields:

https://bondvigilantes.com/blog/2024/04/gold-prices-beyond-inflation-and-real-yields/

[BullionMan89]

2 hours ago, katyc said:

I think only @BullionMan89 knows what I look like.

He can confirm the above pic is me on a good day!

It’s amazing what those filters can do these days

[James32]

1 minute ago, BullionMan89 said:

It’s amazing what those filters can do these days

Ouch, so she's a munter?

@katyc you're out.

@CazLikesCoins helllllo

[Petra]

3 hours ago, modofantasma said:

Missing some zeros there 

£1859

What do we think folks?

Price seems to be stuck in a range between $2331 and $2315 ish we've not been back down to test Tuesdays lows yet but price has been coming down pretty hard from the $2330 level 

 

😮oi! £££ please on here😮🤔😁😁

Edited April 25 by Petra
add

[Petra]

😮🤔still a dip …. you know what you should be doing……🤔🤔🔥🔥🔥

[kimchi]

16 minutes ago, Petra said:

😮oil! £££ please on here🤔

What's oil got to do, got to do with it?

What's oil but a second hand crustacean?

 

£1860.25

Edited April 25 by kimchi

[Petra]

1 minute ago, kimchi said:

What's oil got to do, got to with it?

What's oil but a second hand crustacean?

 

£1860.25

🤔a test to see if anyone actually reads stuff on here🤔🤷🏼‍♂️🤷🏼‍♂️😁

[bobski]

£1,864.05

[GoldDiggerDave]

Is this still a thing? 

[SiCole]

1 minute ago, GoldDiggerDave said:

Is this still a thing? 

Gold? 

[GoldDiggerDave]

1 minute ago, SiCole said:

Gold? 

It could be anything mate, BBC licence fee, oil, Pokémon cards. 

[Stacktastic]

27 minutes ago, GoldDiggerDave said:

It could be anything mate, BBC licence fee, oil, Pokémon cards. 

Rum - hopefully hoping to shift a shelf of Foursquare at some point.  

[BLOOMMAN101]

[Orpster]

Seems fairly steady after the drop

I had selfishly hoped it would drop to about £1800 as its pay day week, and then shot back up till next payday of course

[bobski]

£1,865.03

[9x883]

I wonder what Friday will bring? Any data out tomorrow?

[CaptCaveMan]

24 minutes ago, Stacktastic said:

Rum - hopefully hoping to shift a shelf of Foursquare at some point.