Gold Monitoring Thread £ GBP only

[Roy]

Ah, fair enough. 

It would a shame to not though, would you mind if I copy/paste it and give you credit?

[AuricGoldfinger]

8 minutes ago, Roy said:

With cash, I hope?

🍻

Difficult to spend cash anywhere these days

[Gruff]

Just now, AuricGoldfinger said:

Difficult to spend cash anywhere these days

F*ck that, go in and spend it. Be forceful. They are making it harder, but there is a renaissance with cash, it's good.

[Spanishsilver]

21 hours ago, SiCole said:

What are we buying this weekend then? Stuck between 1oz unicorn TB and Dragon & Koi.

Bought the oz gold unicorn today 😊

[GoldDiggerDave]

30 minutes ago, Gruff said:

F*ck that, go in and spend it. Be forceful. They are making it harder, but there is a renaissance with cash, it's good.

Said this recently on the death of cash page, last week I bought a lovely desk from a homeless charity shop and they would not accept cash.    They get the stock for free, all processed go to the homeless and yet they don't want cash.     Cash is all but dead. 

[Roy]

40 minutes ago, GoldDiggerDave said:

They get the stock for free, all processed go to the homeless and yet they don't want the responsibility of holding cash.

 

[Wampum]

On 07/06/2024 at 20:06, ZRPMs said:

Oh my, what a weekend this is shaping up to be. Gold at £400 an ounce and I've got to entertain nearly 30 wild E number enriched 6 year olds at the little ones Birthday party. HELP

You could give them a home time treat of a few tins of Red Bull each, just prior to them leaving,

and sit back secure in the knowledge, that there will be at least 30 parents pulling their hair out, as their little six year old's,

rip around the house like a Tasmanian Devil on steroids.😀       

Edited June 8 by Wampum

[Chronos]

32 minutes ago, Wampum said:

You could give them a home time treat of a few tins of Red Bull each, just prior to them leaving,

and sit back secure in the knowledge, that there will be at least 30 parents pulling their hair out, as their little six year old's,

rip around the house like a Tasmanian Devil on steroids.😀       

 

[Dankanugget]

Just now, Dankanugget said:

Watch out for fakes!

[Bratnia]

16 hours ago, Roy said:

Ah, fair enough. 

It would a shame to not though, would you mind if I copy/paste it and give you credit?

Fine with me Roy, not bothered about credit either, anything I post is copyfree AFAIC.

[davejones]

Any glamorous babes on here want an expenses paid trip to Dubai to get some gold?

 https://www.thetimes.com/uk/crime/article/cocaine-inc-how-british-drugs-cash-is-turned-into-solid-gold-in-dubai-cmrvjsgwg?utm_medium=paid-social&utm_source=fb&utm_campaign=FY24_Times_Meta_06_UK_Traffic_Clicks_Static_Project-Symphony&utm_content=Meta_Multi_UK_Static_Advantage_Politics_Pro_Single_Image_Symphony_Traffic_Jun_Cocaine-Inc&fbclid=IwAR24COeyM0fHIpKMncN90huQFWh-Na5Sji2GaUnpL6hBRa4flQO3dxfyAoA_aem_AUcQPL0hGXCnQv5ux47sRm9Z98p2tteacNvmbcfR8jNlGtorI-J_fqYIb3LTU34WQ3Cegh5SUV8tANZFuxCXNgbC#Echobox=1717867886-1

[Bratnia]

16 hours ago, Roy said:

With cash, I hope?

Or gold

Perhaps 20 one ounce Britannia's used to buy 20 (Canadian) one ounce Maples, from a Canadian. Maybe even another trade some days/weeks/months later where you buy 20 Britannia's for 20 Maples from the same guy. If across a time when gold is down then you both endured losses in GBP/CAD terms and in not holding tax exempt coins in both cases (they owned Britannias you owned Maples) you can book that capital loss as a offset against capital gains elsewhere (such as from stocks). Rather than actually posting the coins to each other you might agree a swap arrangement, you'll secure their Britannias if they secure your Maples and where you both have fully covered collateral just in case they did default.

[Bratnia]

10 hours ago, Dankanugget said:

Watch out for fakes!

They're all fake. Have you noticed how the "I promise to pay the bearer on demand the sum of ten Pounds" wording has become ever increasingly smaller with each new release of notes? A Pound was originally a Saxon one pound weight worth of silver (back in the mid/late 700's), but go to the Bank of England with a tenner and demand your ten pounds weight of silver and they'll make all sorts of excuses.

[Bratnia]

30 minutes ago, davejones said:

Any glamorous babes on here want an expenses paid trip to Dubai to get some gold?

 https://www.thetimes.com/uk/crime/article/cocaine-inc-how-british-drugs-cash-is-turned-into-solid-gold-in-dubai-cmrvjsgwg?utm_medium=paid-social&utm_source=fb&utm_campaign=FY24_Times_Meta_06_UK_Traffic_Clicks_Static_Project-Symphony&utm_content=Meta_Multi_UK_Static_Advantage_Politics_Pro_Single_Image_Symphony_Traffic_Jun_Cocaine-Inc&fbclid=IwAR24COeyM0fHIpKMncN90huQFWh-Na5Sji2GaUnpL6hBRa4flQO3dxfyAoA_aem_AUcQPL0hGXCnQv5ux47sRm9Z98p2tteacNvmbcfR8jNlGtorI-J_fqYIb3LTU34WQ3Cegh5SUV8tANZFuxCXNgbC#Echobox=1717867886-1

Money laundering is easy - such as via eBay - considerably overpaying for something not worth that transaction amount simply for the trade/transaction record. For the drugs trade however its the scale that's the problem, tens/hundreds of millions/day. There are easier paths for those involved however than gold. Often used as excuses for states to impose controls on their populations, that don't really affect the drugs gangs. The Times covering such a story is perhaps a indicator of state intent to restrict gold based on 'reduce laundering' claims.

[Thelonerangershorse]

It's still a lot of gold.

[Paul]

36 minutes ago, Thelonerangershorse said:

It's still a lot of gold.

Can I buy a gazillion milky maples at £50oz please ?

[silversky]

21 minutes ago, Paul said:

Can I buy a gazillion milky maples at £50oz please ?

Not enough of them in circulation to be useful...  But melting them down would be understandable.  

[HonestMoneyGoldSilver]

2 hours ago, davejones said:

Any glamorous babes on here want an expenses paid trip to Dubai to get some gold?

 https://www.thetimes.com/uk/crime/article/cocaine-inc-how-british-drugs-cash-is-turned-into-solid-gold-in-dubai-cmrvjsgwg?utm_medium=paid-social&utm_source=fb&utm_campaign=FY24_Times_Meta_06_UK_Traffic_Clicks_Static_Project-Symphony&utm_content=Meta_Multi_UK_Static_Advantage_Politics_Pro_Single_Image_Symphony_Traffic_Jun_Cocaine-Inc&fbclid=IwAR24COeyM0fHIpKMncN90huQFWh-Na5Sji2GaUnpL6hBRa4flQO3dxfyAoA_aem_AUcQPL0hGXCnQv5ux47sRm9Z98p2tteacNvmbcfR8jNlGtorI-J_fqYIb3LTU34WQ3Cegh5SUV8tANZFuxCXNgbC#Echobox=1717867886-1

An entertaining read but chicken feed in the global sense

They're estimating $31 billion annually is transferred from undeclared gold mining and refining in Africa, with 93% of that gold heading to UAE. Of the UAE billions, about 5% is being utilised by the UK for money laundering from drugs. I'm sure the bulk of the market is being used by folks from South America, Russia and China

The $31 billion of gold in 2022 is roughly $37 billion at today's prices. For context Elon Musk is seeking $56 billion in remuneration this year alone

[DisplayName]

Has anyone ever tried to bring home gold from Japan? Either Asahi or generic local bars or bullion? I'll be visiting in '25 and the guys at work apparently pull tiny gold bars through pachinko parlors, which is of interest to me on multiple levels, aside from outright buying from local coin shops themselves. What's your experiences been?

[9x883]

Up or down tonight?📈📉

[Gruff]

Just now, 9x883 said:

Up or down tonight?📈📉

I reckon it'll open down

[9x883]

Me too 😕

[Chronos]

28 minutes ago, 9x883 said:

Up or down tonight?📈📉

Yes.

[SovereignBull]

50/50

[bettyswollocks]

28 minutes ago, Gruff said:

I reckon it'll open down

but it was going up before close 🤔