What will the price of Gold be (£/GBP) on 1st Jan 2022

[Bars]

Pardon the noob question but what does QE stand for. Probably something obvious 🙈

[daca]

5 minutes ago, Bars said:

Pardon the noob question but what does QE stand for. Probably something obvious 🙈

Quantitative easing

https://en.wikipedia.org/wiki/Quantitative_easing

Edited December 28, 2020 by daca

[Stu]

£1702 

 

 

[dicker]

Not to take this thread off topic, but I suspect Silver will do well this year in percentage increase terms in GBP.  Better than gold. 
 

Best

Dicker

[Seasider]

On 27/12/2020 at 20:58, Stuntman said:

I think the terms of the Brexit deal will ward off the Spanish Armada coming to fish in UK waters, and therefore my prediction is £1588.  

Well if we are going to get all historical about it, I predict £1066.

[silenceissilver]

About £2400 after a high of ca. £2700.

I think what all previous answers miss, is the effects of the lockdowns, instead most seem to project the present into the future in a linear way. What has piled up in the economy, will break out and likely so in 2021. As a matter of fact, if this happens, my prediction is still very conservative. Yet, there is no guarantee and piling up could continue for yet another year. In that case I'd say 5% above it's all time high.

[Basic]

I think COVID has accelerated the price of gold in 2020 and I think the momentum will continue this year.
 

£1,815

[Bars]

2500 🙃

[Hunter87]

If anyone can predict the future than your a better man than me....

[HighlandTiger]

1 hour ago, Hunter87 said:

If anyone can predict the future than your a better man than me....

......Gunga Din

 

 

 

[Stacktastic]

Gold £2,700 / oz
Silver £34 / oz
Platinum: £1,300 / oz
Copper £7-8 / oz
Bitcoin £0.00 banned/security issues/superseded by governmental currency.  

How I got to that? I guessed. 😛

Edited January 14, 2021 by Stacktastic

[SidS]

I miss the days of £200-£250 gold. Back when half sovereigns were £35-£40.

Will it ever go that low again?

Edited January 15, 2021 by SidS

[dicker]

Perhaps when gold can be synthesised.
 

Best

Dicker 

[HighlandTiger]

1 hour ago, dicker said:

Perhaps when gold can be synthesised.
 

Best

Dicker 

Or when mining asteroids become a reality. 

[dicker]

1 minute ago, HighlandTiger said:

Or when mining asteroids become a reality. 

Agreed. So not just yet 🙂

[HighlandTiger]

1 minute ago, dicker said:

Agreed. So not just yet 🙂

I think we'll be mining asteroids or the moon, within 20-30 years. Whilst it'll make no difference to my finances, it might be something that those in their 20's and 30's should keep in the back of their mind. 

[VelociteeSteel]

3 hours ago, HighlandTiger said:

I think we'll be mining asteroids or the moon, within 20-30 years. Whilst it'll make no difference to my finances, it might be something that those in their 20's and 30's should keep in the back of their mind. 

China are already mining on the moon, but round the back so nobody can see!.......

[Stacktastic]

 

6 hours ago, dicker said:

Perhaps when gold can be synthesised.
 

Best

Dicker 

5 hours ago, HighlandTiger said:

Or when mining asteroids become a reality. 

5 hours ago, HighlandTiger said:

I think we'll be mining asteroids or the moon, within 20-30 years. Whilst it'll make no difference to my finances, it might be something that those in their 20's and 30's should keep in the back of their mind. 

I bet they never thought that diamonds would be synthesised. must have scared the bejesus out of debeers!!

I have done a whole thread on space mining,

 
I personally think they have been or at least are about to do just that!
Or at the very least its about 20 years away given that technology is going to rocket soon (pardon the pun). 

I am not sure there is a lot to mine on the moon as its probbaly a hollowed out planetoid LOL. 😛

[dicker]

Diamonds are a completely bent market.   

[Stacktastic]

2 minutes ago, dicker said:

Diamonds are a completely bent market.   

Apart from breakfast cereals, the biggest marketing scam ever.

[GoldStatue]

7 hours ago, dicker said:

Diamonds are a completely bent market.   

It always has been, try selling a wedding ring back to a diamond dealer and you find the spread is eye watering.

I suspect you lose more money buying a wedding ring than you do buying a brand new car.

Although gold is not perfect as a commodity it's a much better way to store your wealth.

As to the risks of large deposits coming onto the market, it's still possible for a mining company to strike it lucky and find a huge deposit.

Although mining asteroids sounds great, I'm not sure they'll be looking specifically for gold, maybe something nuclear related and lighter to transport back to earth.

Edited January 15, 2021 by GoldStatue
Misquote

[dicker]

Indeed...

[Stacktastic]

1 hour ago, GoldStatue said:

Although mining asteroids sounds great, I'm not sure they'll be looking specifically for gold, maybe something nuclear related and lighter to transport back to earth.

Totally. thats the problem they will find somehting miles more expensive/useful (like a unique radioactive mineral) & gold will be the iron ore type by product. Scarily a lot like Avatar. Silver & copper will just be left there probably. 

Anyhow, I am convinced that Mars is the scape goat, for a planet already being used (ie Venus) in some way. Globalist slight of hand, but thats very subjective and based on not much.  

Bit off topic here sorry - carry on with the predictions. 

Edited January 15, 2021 by Stacktastic

[Pete]

I want everyone to focus on £1,000 gold so a collective brainwave distorts the quantum field and opens an opportunity to get some before it bounces back to £1500.

[danmc82]

On 14/01/2021 at 16:57, Stacktastic said:

Gold £2,700 / oz
Silver £34 / oz
Platinum: £1,300 / oz
Copper £7-8 / oz
Bitcoin £0.00 banned/security issues/superseded by governmental currency.  

How I got to that? I guessed. 😛

I'd love Copper to get to that point. 😍

You missed out Aluminium though.