Gold Monitoring Thread £ GBP only

[Gruff]

2 hours ago, autoforest said:

gold price predictions for the week ahead? 

Up, down, lots of excitement, lots of praying (up if you own a lot, down if you want to add to the stack)

[MrStacker]

…and so it begins! 
 

The climb back above 2000! 

[BLOOMMAN101]

5 hours ago, MrStacker said:

…and so it begins! 
 

The climb back above 2000! 

 

[Gruff]

Currently £1985.00, lets hope for a steady rise across the week to consolidate that recent increase

[GoldenGriffin]

In 2018 it was £950 an oz to buy.  Today it has circa doubled at £2,000, a factor x 2 which has taken 7 years.

Could we see gold climb at a faster rate?  I say this because in 2004 gold was circa £200 per oz and went up x 10 to circa £2,000 as it is now, which took 20 years to get there...

You could assume that gold would climb x 5 in 10 years (half of x 10 in 20 years), but gold, from where I am grabbing the numbers from in 2018 has only gone up by a factor of x 2 and that was over 7 years.

For gold to get back on track it could potentially hit circa £5,000 in as little as 3 years! 

Or could climb at a much faster rate after 3 years.  I don't know what will happen, but I thought this was an interesting observation.

Edited 8 hours ago by GoldenGriffin

[Paul]

2 minutes ago, GoldenGriffin said:

In 2018 it was £950 an oz to buy.  Today it has circa doubled at £2,000, a factor x 2 which has taken 7 years.

Could we see gold climb at a faster rate?  I say this because in 2004 gold was circa £200 per oz and went up x 10 to circa £2,000 as it is now, which took 20 years to get there...

You could assume that gold would climb x 5 in 10 years (half of x 10 in 20 years), but gold, from where I am grabbing the numbers from in 2018 has only gone up by a factor of x 2 and that was over 7 years.

For gold to get back on track it could potentially hit circa £5,000 in as little as 3 years! 

Or could climb at a much faster rate after 3 years.  I don't know what will happen, but I thought this was an interesting observation.

To da'mooooooooooon 🚀 🚀 🚀 ! 

[Bratnia]

13 hours ago, Gruff said:

Up, down, lots of excitement, lots of praying (up if you own a lot, down if you want to add to the stack)

... or indifferent (don't care if profit taking stock gains to buy more gold at lower prices; Or profit taking gold gains to buy more stock shares at lower prices).

With year to date gold up +21% and FT All Share +8% at that rate it will be a case of some ounces of gold being sold to buy more stock shares at year end 2024

[Bratnia]

16 hours ago, autoforest said:

gold price predictions for the week ahead? 

My advisors are indicating not to be too quick to rush in to buy the dip as from that floor level it may look to rise only to revert back down again and kick you in the head. Better to have stayed on the sidelines.

But hey - what do they know, up/down/sideways. Just avoid getting out/off at the bottom - as that's the better time to be getting in/on

[Mysstree]

 

[Bogart]

5 hours ago, GoldenGriffin said:

In 2018 it was £950 an oz to buy.  Today it has circa doubled at £2,000, a factor x 2 which has taken 7 years.

Could we see gold climb at a faster rate?  I say this because in 2004 gold was circa £200 per oz and went up x 10 to circa £2,000 as it is now, which took 20 years to get there...

You could assume that gold would climb x 5 in 10 years (half of x 10 in 20 years), but gold, from where I am grabbing the numbers from in 2018 has only gone up by a factor of x 2 and that was over 7 years.

For gold to get back on track it could potentially hit circa £5,000 in as little as 3 years! 

Or could climb at a much faster rate after 3 years.  I don't know what will happen, but I thought this was an interesting observation.

Need to dust my crystal ball off.

[Bogart]

Decided a few weeks back to hang fire on buying latest Tudor Beast 1oz gold Dragon. As bloody usual wrong decision.🤪

Edited 1 hour ago by Bogart

[Bratnia]

 

[James32]

Who killed gold?

[Paul]

3 minutes ago, James32 said:

Who killed gold?

you been buying again ???

[HerefordBullyun]

Just now, Paul said:

you been buying again ???

The Lord of the hoovers is now

[Bratnia]

On 28/09/2024 at 13:33, theman73 said:

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.

Apparently lower ranked Hezbollah are enthusiastically celebrating the announcement of their promotions

[James32]

5 minutes ago, Paul said:

you been buying again ???

Yep, but only graded. Should have no affect. 

[BLOOMMAN101]

8 minutes ago, James32 said:

Who killed gold?

Its The Cleanest Dirty Shirt today
 

 

 

[Mysstree]

7 minutes ago, James32 said:

Who killed gold?

@Thomast, flooded the market.

As a penance should have to sell whats left of his stack at 1975 spot price to forum members who have between 11 and 13 feedback rating. 👍

[Bratnia]

14 minutes ago, James32 said:

Who killed gold?

The concerns about the Israeli intrusion into Lebanon has been alleviated by the awareness that not only did Israel supply phones and radios to Hezbollah but AK's as well