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i hear more and more talk that gold is coming into the mix for trade payments in Asia - all the US sanctions shenanigans is forcing nations to look at alternatives. They value gold so gold demand goes up.  

i've bought a few sovereigns in the last few days - i think that must be driving up the gold price. 🥂

Edited by sixgun

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Yes I've been waiting for this move.. it does look like more than just a temporary bump. Will likely move higher from now on through the rest of the year, in my own irrelevant opinion.

Factors include global political and economic turmoil, especially with regards to the US-China Trade War that is in development, and for us in the UK the gold move seems more pronounced because of the weak sterling against the USD. Low interest rates in the US are also driving this, and the internal US spat/divide between Donald Trump supporters and haters, namely Democrats, does not seem to want to go away, but lingers on especially since the Democrats are beginning to call for impeachment.

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2 minutes ago, HighlandTiger said:

More chance of a hippo sprouting wings, than silver going to the moon. Admit it, we've all pissed our money up the wall buying silver. :)

Never say never.. it's going to happen some day... and that trend may be about to start :) Time will tell. 

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2 minutes ago, goldmember44 said:

Never say never.. it's going to happen some day... and that trend may be about to start :) Time will tell. 

Oooooh silver has jumped to £11:60. Someone's just turned on the monitors in mission control. Rocket being prepped as we speak.

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1 hour ago, goldmember44 said:

Silver going to fly soon if gold persists in popping.

Us on here have heard this since 2012.  I personally am still waiting for $150 Toz that's what i was promised by the usual lot. 

I would not buy silver if you think its going to $150 Toz or if you hear the quote 'to the moon' or if you hear the quote 'better getting in early before the boat leaves the harbour' or 'back the truck up'. 

Silver is a long term investment and should only be part of your investments try and have a balanced investment plan.  

Some of us on here have been buying Gold for a very long time and have seen the ups and downs.  Just ask yourself what are the dealers buying who sell you silver?  

Anyway i hope you are right and silver does fly and lots of new investors come in i will sell them some of mine.    

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2 minutes ago, Pipers said:

Us on here have heard this since 2012.  I personally am still waiting for $150 Toz that's what i was promised by the usual lot. 

I would not buy silver if you think its going to $150 Toz or if you hear the quote 'to the moon' or if you hear the quote 'better getting in early before the boat leaves the harbour' or 'back the truck up'. 

Silver is a long term investment and should only be part of your investments try and have a balanced investment plan.  

Some of us on here have been buying Gold for a very long time and have seen the ups and downs.  Just ask yourself what are the dealers buying who sell you silver?  

Anyway i hope you are right and silver does fly and lots of new investors come in i will sell them some of mine.    

Yeah you're right, of course :) I don't have a crystal ball, only venturing into "wishful thinking guesses" when gold rallying gets me excited. Not to be taken too seriously, or as investment advice :)

 

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Big moves in gold this week in terms of £ and USD. 

I do want to acquire more of the stuff but in the end I might just hope for the gold silver ratio to come down before I obtain more Au, by trading in Ag for Au. 

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