GOLD CHEAP AS CHIPS ?

[GrahamDiamond]

Is Gold at it,s lowest price? or do you think it can go even lower than £917 an Ounce ? Is Gold now Cheap as Chips ? Your thoughts please Coinster,s.

[bluemoon]

Anyone who makes a prediction is guessing. These days it depends on how the GBP fares against the USD, so the Brits essentially have to look as two markets.

Even though the GBP/Gold chart looks like the price is at the apex of a triangl,e I'm not convinced that GBP/Gold charts are actually releavent to read, given gold's relationship with the USD first and foremost.

Sorry for the lack of an answer. I guess the answer is dependant on GBP performance and how you think IT'S outlook is.

[JunkBond]

Higher  higher... lower lower...

[GrahamDiamond]

You get Nothing for a pair,  Not in this Game.  Gold over £1000 an Ounce in December, IMO.

[HawkHybrid]

I would buy some before 26th sept fed rate decision. it's difficult to

pick the exact lows but buying at strategic times close to an

educated guess of a possible low is the best I can come up with

currently. £ can strengthen against the $ but if the dollar weakens

then I'm guessing any £ strength versus gold should be short lived.

 

HH

[Pritchard]

looks like my opinion has already been covered in above posts.

In the short term, i think all bets are off until Brexit is decided. As this will be a big influencer on the GBP/USD. The pound could rally for a good deal, or plumet at a bad one. The buying power could swing either way even if the spot price is static.

 

Some of us will predict higher. some will not. some of us (hello) dont currently give a flying rabbits white socks and are buying for a term so long i will have to explain what Brexit was to the people i am selling to!
 

[kneehow2018]

Gold spiked down to £914.79 (?) on or around 16.08.2018 - they might try to push lower but again might be a flash that doesn't [benefit] an oik like me 😑

(sorry did I say 'they' I meant circumstances/markets)

[RoughDog]

Could it drop below £900 in next month? 

[JunkBond]

[Tingles]

My prediction the price will rise dramatically when there’s dramatically more buyers than sellers!

[mr-dead]

36 minutes ago, Tingles said:

My prediction the price will rise dramatically when there’s dramatically more buyers than sellers!

If it wasn't for the paper comex fraud that would already be the case.

[KDave]

I remember back in the day, when gold was 700 quid an ounce. Twas only three years ago. By Christmas maybe will we see it? 

[MancunianStacker]

I guess the fact that the price is still going down and inflation is going up and money is still being printed around the world means that gold is really really cheap and even at £900 today just as good value as £700 3 years ago, maybe even better. 

It’s money insurance in my eyes. 

[KDave]

If dollar continues to run then gold will be cheaper, I think it likely scenario. Whether we will get it cheaper in pounds. Not sure. 

[AuricGoldfinger]

How low can you go! Lower please 😬