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Gold Monitoring Thread £ GBP only


Paul
Message added by ChrisSilver

This topic is to discuss price action in GBP, to discuss price action in $ USD, please see this topic: https://thesilverforum.com/topic/19962-gold-monitoring-thread-usd-only/

📌 For general non PM chat there is the Hangout topic here: 

 

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9 minutes ago, AuricGoldfinger said:

Im still waiting for £2000!!!

This'll fix it...

https://www.thisismoney.co.uk/money/comment/article-13363641/Britain-seeing-green-shoots-recovery-says-MAGGIE-PAGANO.html

Drop interest rates, bonds will not look like a safe haven for growth, so that should mean a good thing for gold. But as always it's multi-faceted. 

The closer the collapse of an Empire, the crazier it's laws - Marcus Tullius Cicero

We had the warning in 2006-9 but central banks ignored it and just added new worthless debt to existing worthless debt to create worthless debt squared – an obvious recipe for disaster. - Egon von Greyerz

https://www.thesilverforum.com/topic/83864-uk-bank-regulations/

 

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11 minutes ago, Gruff said:

This'll fix it...

https://www.thisismoney.co.uk/money/comment/article-13363641/Britain-seeing-green-shoots-recovery-says-MAGGIE-PAGANO.html

Drop interest rates, bonds will not look like a safe haven for growth, so that should mean a good thing for gold. But as always it's multi-faceted. 

I like it when you talk sexy

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, and debt is the money of slaves

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There's decent support around $2300/£1834 so that will probably be as far as the dip goes

The standard thing "they" seem to like to do is dump gold during the week to buy riskier assets, then buy it all back again on Thursday-Friday in case anything kicks off over the weekend while markets are closed

Mind is primary and mass-energy is derivative

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Just now, modofantasma said:

The market doesn't care 🤣 

£1843

Its because I bought from @Silverlocks yesterday  and now hes well and truly  reported!!!!

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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3 hours ago, theman73 said:

I bought yesterday my first digital 1oz gold soooo the price will drop 

Digital Gold? so like bitcoin but less useful?

"It might make sense just to get some in case it catches on"  - Satoshi Nakamoto 2009

"Its going to Zero" - Peter Schiff 2013

"$1,000,000,000 by 2050"  - Fidelity 2024

 

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6 hours ago, modofantasma said:

FOMC tomorrow (US interest rate decision and conference) NFP Friday 

You mean ( NFP ) liar liar friday lol

LFTV.  live from the vault.   Spot price is immaterial. its just an illusion.

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