Gold high spot price

[sixgun]

Remember this guy - sold 8oz of nice gold coins off after listening to the fake news media and thinking Brexit would send the price of gold down.

 

[HawkHybrid]

18 minutes ago, sixgun said:

Remember this guy - sold 8oz of nice gold coins off after listening to the fake news media and thinking Brexit would send the price of gold down.

 

 

only hold up to what your understanding of gold allows

for you to hold. (belangp youtube)

 

he probably did the correct thing as his understanding of

gold did not allow for up to 8 oz. he did make a loss, but

that is more likely to do with a lack of sufficient preparation.

he simply found himself in unfamiliar territory. with

experience hopefully his understanding will improve.

 

HH

[Tn21]

Yh seems like normal protocol for the pm's

[Pipers]

21 hours ago, goldmember44 said:

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

 

That's ok mate, we all hope😀. 

[goldmember44]

There are even to this day people who think Gordon Brown "did the right thing" to sell half of our gold when it was at the bottom... facepalm.

[Tonyb959]

Harrington and Byrne just made another sale, can't say no when spot is looking like that 😄

[Goldmick]

Monday morning update 

[Mcgrimes]

Watching myself, usually check HGM for spot

[HighlandTiger]

Getting ready for lift off.........!

[Oldun]

Let's hope it isn't another one of these 😂

 

[Peacemaker]

Gold normally starts declining when I buy some, makes a change 😁 

[Peacemaker]

My pre Elizabeth sovereigns have now only cost £2 each under spot posted

[silenceissilver]

I wish the gold price would go back to £900 an ounce. Hope dies last.

[HighlandTiger]

For all those people wanting gold to fall, and not buying anything until it does. Just think, when gold was £700 an oz, people were saying similar things.

I bet those people feel silly for not buying at £800 an oz.

Buy what you can, when you can. Ignore the price, especially if you're not going to be selling for decades. If you worry too much about a price, you will lose in the long run.

[silenceissilver]

18 minutes ago, HighlandTiger said:

For all those people wanting gold to fall, and not buying anything until it does. Just think, when gold was £700 an oz, people were saying similar things.

I bet those people feel silly for not buying at £800 an oz.

Buy what you can, when you can. Ignore the price, especially if you're not going to be selling for decades. If you worry too much about a price, you will lose in the long run.

That's what I'm doing. I still wish it would fall now. Because I'm a greedy bastard and every gram counts. 😁

[Abyss]

@HighlandTiger buying Gold at this juncture it is harder not only because of the relative higher spot price but the lower GBP/USD price. If the trade war issues resolved the new prime minister in UK able to provide a workable Brexit deal then GBP should strengthen along with the stronger dollar and Gold price should in £ and $ come down significantly. I feel buying gold paying extra because of the political environment. Personally waiting for current issues resolved and risk uncertainty added into Gold price to be removed before I make any more future purchases.

[HighlandTiger]

11 minutes ago, Abyss said:

@HighlandTiger buying Gold at this juncture it is harder not only because of the relative higher spot price but the lower GBP/USD price. If the trade war issues resolved the new prime minister in UK able to provide a workable Brexit deal then GBP should strengthen along with the stronger dollar and Gold price should in £ and $ come down significantly. I feel buying gold paying extra because of the political environment. Personally waiting for current issues resolved and risk uncertainty added into Gold price to be removed before I make any more future purchases.

Some good points there. Re. Brexit. Although at this rate it could be several years before that happens. 

But reading between the lines in your assessment, if it's not a good time to buy, then it's a good time to sell.

 

oh the joys of PM's.

[Abyss]

5 minutes ago, HighlandTiger said:

 it could be several years before that happens. 

That is the risk it could take years and if you add other factors Deutsche Bank default, other developing countries losing currency value you could see Gold break $1400 level never to return below $1250 mark. But when making financial decisions I always think it is best to think in what is highest probability of something happening in the future and avoid euphoria current high price. IMHO the highest probability we should in the next year get passed all the political issues and return back to the range bound (manipulated) Gold price.

[goldmember44]

As for me personally, I think gold at £1,000 was an absolute bargain... I am buying as much as I can afford, even at today's price, and will continue to do so on the way up. I'm bullish on gold's outlook. Any dip from here is surely a buying opportunity.

Having said that, it's only my opinion and NOT a guide for anyone to follow. 

[Guest]

Personally I unloaded some this lunchtime (spot at £1044). The rise is too far, too fast for my liking, feel a smash down around the corner. 

[Fastnick]

Am incredulous that the Buckingham Collection and H&B Sovereigns are still available (as of a few minutes ago) at such bargain prices!

[Goldmick]

Just now

[Sovereign]

Just now, Goldmick said:

Just now

was just looking at that lol

[Goldmick]

This is what Atkinson's are buying at. H and b still selling for under £230 crazy lol. 

[goldmember44]

Gold has just overtaken palladium... interesting.