Gold Monitoring Thread £ GBP only

[KDave]

1 hour ago, Safestacker said:

What happens then ? 

I have no idea, but probably war.

[Safestacker]

13 minutes ago, KDave said:

I have no idea, but probably war.

For gold. 

[KDave]

7 minutes ago, Safestacker said:

For gold. 

Gold and silver will do very well over the next decade, industry and commodities is where I think most of the inflation will end up, which is why wages will struggle. Anything consumer related will struggle. 

[Arganto]

On 26/04/2020 at 17:48, GoldenPhil said:

That's capitalism for yer

Strikes me as gambling against a manipulated system rather than true capitalism. A proper free market shouldn't allow for the kind of situation we're in now including using other people's money to buy and sell rapidly. But then I don't dabble so only see it as an outsider. It's easy to make grandiose statements on the internet thinking it's all very gauche when I'm not experienced in the subject.

Shiny stuff pulled from the earth and refined to be even more awesome, that I can dig 😋

[GoldenPhil]

2 hours ago, Liam84 said:

Strikes me as gambling against a manipulated system rather than true capitalism. A proper free market shouldn't allow for the kind of situation we're in now including using other people's money to buy and sell rapidly. But then I don't dabble so only see it as an outsider. It's easy to make grandiose statements on the internet thinking it's all very gauche when I'm not experienced in the subject.

Shiny stuff pulled from the earth and refined to be even more awesome, that I can dig 😋

Very true. The world has never really seem true capitalism or true socialism.  All we get is this manipulated fudge in the middle. 

[Money1]

Newbie here, are you saying from this that you consider Silver to be a good priced buy now? Or have I read that wrong?

[TheApe]

Gold falling quickly today, any thoughts?

[Tn21]

Just now, TheApe said:

Gold falling quickly today, any thoughts?

Just another day at the office

[TheApe]

1 minute ago, Tn21 said:

Just another day at the office

Why are you not at home in your lounge pants like the rest of us?

[Tn21]

Price of spot has fallen and also GBP/USD has increased. For those wanting to buy it's a great combination. It's just a shame about the premiums.

[TheApe]

1 minute ago, Tn21 said:

Price of spot has fallen and also GBP/USD has increased. For those wanting to buy it's a great combination. It's just a shame about the premiums.

You can get gold at 3-4 percent premium. Hardly terrible premiums...

[Tn21]

Just now, TheApe said:

You can get gold at 3-4 percent premium. Hardly terrible premiums...

Go for it 

[GoldenPhil]

12 minutes ago, TheApe said:

Gold falling quickly today, any thoughts?

I have shorted gold. Could go low as $1000 (at some point) but at present looking first at mid 1600. Then once it has finished going down there is a good chance of all time highs later on. Just my opinion.  

[TheApe]

1 hour ago, GoldenPhil said:

I have shorted gold. Could go low as $1000 (at some point) but at present looking first at mid 1600. Then once it has finished going down there is a good chance of all time highs later on. Just my opinion.  

Interesting . Whats your thought process.

[Zhorro]

1 hour ago, TheApe said:

Gold falling quickly today, any thoughts?

Good question!

It was only this morning that a Bloomberg TV news headline was that gold had had its best month for about seven years!  This afternoon gold has fallen about £40 an ounce.

As we are at the end of the month, it may be profit taking by some investors.

[GoldenPhil]

9 minutes ago, TheApe said:

Interesting . Whats your thought process.

Bank of America said it was going to go up 😉

[Arganto]

Maybe a good time to buy, some (relatively) good prices to be had before it shoots back up. If it follows the last week may bust £1450. 

[Nick1368]

I’d say profit taking too 

[TheApe]

1 hour ago, GoldenPhil said:

Bank of America said it was going to go up 😉

Oh, and where did you come up with 1100 dollar figure.

Just curious if you have any reasoning.

I personally think we could see a drop if stocks fall big again. Its what happened last time.

[KDave]

3 hours ago, GoldenPhil said:

I have shorted gold. Could go low as $1000 

Wonga is that you? 

[sovereignsteve]

8 minutes ago, KDave said:

Wonga is that you? 

No, he would never admit he is wrong about his $400 prediction.

[KDave]

20 minutes ago, sovereignsteve said:

No, he would never admit he is wrong about his $400 prediction.

$400, give it time... 

I reckon we see $1350 again before this thing turns around, no lower than that and it won't be straight down. 12 months to 18 months from now we should all have much more gold and silver ready for the inflation driven moonshot of the 2020's. 

[SilverPirate007]

5 minutes ago, KDave said:

$400, give it time... 

I reckon we see $1350 again before this thing turns around, no lower than that and it won't be straight down. 12 months to 18 months from now we should all have much more gold and silver ready for the inflation driven moonshot of the 2020's. 

Do you think that will happen? Why now rather than at any time in the last 20 years. Don’t get me wrong I would love to see it.

[Stu]

2 minutes ago, SilverPirate007 said:

Do you think that will happen? Why now rather than at any time in the last 20 years. Don’t get me wrong I would love to see it.

He was being exuberant / sarcastic I think? Unless they reset fiat, gold is never going to be 400 in £ nor $ even.

[SilverPirate007]

1 minute ago, Stu said:

He was being exuberant / sarcastic I think? Unless they reset fiat, gold is never going to be 400 in £ nor $ even.

Yes I suspect as much. I am being careful though buying small amounts of gold in case it plummets.