Gold Monitoring Thread £ GBP only

[Petra]

Today’s high is tomorrow’s low…… keep buying 🤔😮

[Dankanugget]

24 minutes ago, Chronos said:

Buy something cheaper ...

It was a general observation 

[LawrenceChard]

I know it's weekend, but, for the record:

😎

[Bratnia]

35 minutes ago, LawrenceChard said:

I know it's weekend, but, for the record:

😎

What/when is a weekend?

[LawrenceChard]

7 minutes ago, Bratnia said:

What/when is a weekend?

If you are lucky, a weekend is when you get a weak end!

😎

[katyc]

Not so sure gold will have a pause....

https://news.sky.com/story/israel-hezbollah-hassan-nasrallah-killed-lebanon-war-latest-sky-news-live-12978800

Apologies if already been discussed. (Let me know before @Chronos reports me!)

WW3 keeps feeling closer by the day 😕

[katyc]

And this 🙄

https://www.mirror.co.uk/news/world-news/russian-ship-carrying-20000-tons-33759827

 

(possibly silly scare tactics. Full of vodka really)

[theman73]

20 minutes ago, katyc said:

Not so sure gold will have a pause....

https://news.sky.com/story/israel-hezbollah-hassan-nasrallah-killed-lebanon-war-latest-sky-news-live-12978800

Apologies if already been discussed. (Let me know before @Chronos reports me!)

WW3 keeps feeling closer by the day 😕

I don't think so, a bunch of sad terrorists like Hamas or Hezbollah have no chance against any army in the world, the clowns from Iran are all talk but no action.

[Petra]

1 hour ago, katyc said:

And this 🙄

https://www.mirror.co.uk/news/world-news/russian-ship-carrying-20000-tons-33759827

 

(possibly silly scare tactics. Full of vodka really)

It’s the ship that’s full of fertiliser….. been bobbing about all week. Nobody though has said where it’s due to go though🤔🤔🤷🏼‍♂️

[Gruff]

51 minutes ago, Petra said:

It’s the ship that’s full of fertiliser….. been bobbing about all week. Nobody though has said where it’s due to go though🤔🤔🤷🏼‍♂️

nice, 20000 tons of ammonium nitrate and some diesel, what could possible go wrong...

[Petra]

Just now, Gruff said:

nice, 20000 tons of ammonium nitrate and some diesel, what could possible go wrong...

You wonder why a load like that doesn’t appear to have an end destination 🤔(also, damaged steering after running aground 😮)

[Gruff]

Just now, Petra said:

You wonder why a load like that doesn’t appear to have an end destination 🤔(also, damaged steering after running aground 😮)

Are there any bridges nearby or any ports that it might call into. 

Remember that fertiliser store that went up a couple years ago?
 

 

[Petra]

3 minutes ago, Gruff said:

Are there any bridges nearby or any ports that it might call into. 

Remember that fertiliser store that went up a couple years ago?
 

 

Heading into the channel yesterday 🤔🤔

[BLOOMMAN101]

20 minutes ago, Petra said:

You wonder why a load like that doesn’t appear to have an end destination 🤔(also, damaged steering after running aground 😮)

I read about it last week from memory its home port was Malta but they don't want it so I think they are looking for someone to take them atm

[Paul]

(Credit to mike Maloney for this below) interesting 

 

Have you heard the latest about the iPhone 16? The cost of purchasing one is decreasing – if you’re paying in gold, that is. 

 

The experts at leading gold research firm, Incrementum, have released some compelling statistics on how the cost of an iPhone has changed over the years when priced in gold:

 

IphoneGoldRatio

The latest iPhone 16 Pro can now be purchased for just 0.60 ounces of gold. That’s 23% less than the cost of its predecessor, the iPhone 15 Pro, which cost roughly 0.78 ounces.  

 

Of course, Apple doesn't accept gold as payment. When paying in US dollars, the price of iPhones has increased significantly. Since 2007, iPhones have become 150% more expensive in dollars. 

 

This disparity underscores the impact of currency devaluation and the preservation of purchasing power offered by gold. It's a fascinating perspective on the true nature of inflation and the cost of goods in our economy.  

 

[Bratnia]

24 minutes ago, Paul said:

(Credit to mike Maloney for this below) interesting 

 

Have you heard the latest about the iPhone 16? The cost of purchasing one is decreasing – if you’re paying in gold, that is. 

 

The experts at leading gold research firm, Incrementum, have released some compelling statistics on how the cost of an iPhone has changed over the years when priced in gold:

 

IphoneGoldRatio

The latest iPhone 16 Pro can now be purchased for just 0.60 ounces of gold. That’s 23% less than the cost of its predecessor, the iPhone 15 Pro, which cost roughly 0.78 ounces.  

 

Of course, Apple doesn't accept gold as payment. When paying in US dollars, the price of iPhones has increased significantly. Since 2007, iPhones have become 150% more expensive in dollars. 

 

This disparity underscores the impact of currency devaluation and the preservation of purchasing power offered by gold. It's a fascinating perspective on the true nature of inflation and the cost of goods in our economy.  

 

Everything tends to become cheaper with time. Only increases if you hold hard Pound notes/currency (or cash deposits i.e. lending to banks at relatively low rates of interest (if any); Or the state (buying Gilts is lending to someone who access to a money printing press and as such has no real need to borrow - but Pension funds are forced into buying them a.k.a. another means for the state to grab some of those pension pot values), as is any interest paid taxed).

50/50 stock/gold and this (US data) link https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=1yhcRhpY5bGEcQ9wA7Dr8Y indicates 6.3% annualised real gains since 1972, with a reasonably linear (straight) upward slope line ... OR put another way in stock/gold terms consumer goods/services prices became 6.3%/year cheaper in terms of 50/50 stock/gold 'currency'.

Edited 13 hours ago by Bratnia

[Chronos]

Why Another Chinese Gold Mania May Be Starting:

https://thebubblebubble.substack.com/p/why-another-chinese-gold-mania-may

[Chronos]

Hartnett: Central Banks Have Started Panicking ... And Here Are The 5 Best Trades:

https://archive.is/j387G