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Paul

Gold Monitoring Thread £ only

704 posts in this topic

I wish I had bought more when the price was lower. On the other hand it's nice not to feel I have to buy gold or I will miss out.

I have plenty of shiny and beautiful coins to look at and can now plan some vacations instead. Of course all that will change at $1150 again...

Sent from my iPhone using Tapatalk

Lindeman likes this

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I am saving cash for if and when my contract ends. I work in oil and gas so things are precarious. This along with the rise in PM prices has meant I am holding fire on buying any more PM's.

My gold is currently up 10% which is good but I am in for the long haul and will dip back in when I have some cash to play with :)

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The markets are worried the ECB won't give enough QE. The Germans are against it, the French Italians and southern EU countries are for it.  

 

This is how I see it.

 

 If the ECB goes QE full on then Gold will fall back, if there is only moderate QE then Gold will stay where it is, if there is no QE or only a little QE then Gold will carry on climbing. 

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So did anyone expect or predict gold to climb so much in early 2015? 

 

Up £100 since January 2nd, what's that about 13% ? 760 to 860

 

So if you had £10,000 worth of gold you now have £1300 more, a lot isn't it. 

Edited by Kman

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The markets are worried the ECB won't give enough QE. The Germans are against it, the French Italians and southern EU countries are for it.  

 

This is how I see it.

 

 If the ECB goes QE full on then Gold will fall back, if there is only moderate QE then Gold will stay where it is, if there is no QE or only a little QE then Gold will carry on climbing. 

 

So your prediction is it may go up, down or sideways lol

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I was not making a prediction! but seen has how you are interested.

 

I predict a fudge from the ECB, remember the Swiss new last week QE was coming and de pegged the franc from the Euro.  So Gold will fall in value, but this is not the end of the story as the Germans are dead against QE and the population even more so.  Stormy waters are coming to Euro land and they may not be using the Euro in Germany in a few years.

 

 Don't believe me then why are people buying German Bunds at -0.16%.      

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Given the horrors that rampant inflation inflicted on Germany you can hardly blame them for fighting shy.

 

Ironically, I bought a Zimbabwe 100 Trillion Dollar note (yes, I'm a dollar trillionaire, no begging letters please) five years ago for £1.10 inc postage, plenty on ebay now at ten or fifteen times that amount, pretty good appreciation  :rolleyes: .

Pipers likes this

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The markets are worried the ECB won't give enough QE. The Germans are against it, the French Italians and southern EU countries are for it. This is how I see it. If the ECB goes QE full on then Gold will fall back, if there is only moderate QE then Gold will stay where it is, if there is no QE or only a little QE then Gold will carry on climbing.

My guess is the opposite moves based on the levels of stimulus and I think there will be less QE than expected.

My thinking is that the markets including pms are already priced in now for QE.

Edited by Helping Hands

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Gold will go up against the pound it the currency falls lower, but Gold is on a general burn out. Lets see the Greek elections this weekend, if the left wins we could see a spike in Gold in US$. But for the Sterling pound Gold would will rise sharply if the pound continues to take more poundings from the US$. 

Edited by goldfinger999

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Anybody predicting a dip this week? I sure hope so. Last gold I bought was two weeks ago, just can't quite justify buying at spot £850+. Of course - if this is the "new norm" before prices climb then in a few months we will be kicking ourselves for not buying when gold was "cheap at £850"!

I have given up predicting it....and I admire those on the Forum who stack it away every month regardless, very disciplined bunch.

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