Gold Monitoring Thread £ GBP only

[Paul]

1 hour ago, Thelonerangershorse said:

£1840.33

If you want the job doing, do it your f***** self

You've volunteered yourself into a thankless task 

[Thelonerangershorse]

You've volunteered yourself into a thankless task 

 

£1838.73

Not any more,

It's bedtime now,and I have work Tuesday,Wednesday And Thursday.

Edited June 24 by Thelonerangershorse

[Paul]

7 minutes ago, Thelonerangershorse said:

You've volunteered yourself into a thankless task 

 

£1838.73

Not any more,

It's bedtime now,and I have work Tuesday,Wednesday And Thursday.

Your efforts are most appreciated 👍 🙏:) 

[Paul]

12 hours ago, Chronos said:

Bobski went to the Moon without us ...

I wonder if wonger was already there ?? 

[HerefordBullyun]

Wen 5000 gold wen 1000 silver?

Asking for a fat flatulent bert.....aka moi

[Paul]

8 minutes ago, HerefordBullyun said:

Wen 5000 gold wen 1000 silver?

Asking for a fat flatulent bert.....aka moi

Soon 

[Chronos]

32 minutes ago, Paul said:

Soon 

Soon Moon

[Chronos]

The Reign Of The Dollar & A Month Of Rumors:

https://consortiumnews.com/sl/2024/06/22/the-reign-of-the-dollar/

[Chronos]

Missing

Bobski

Age: too old for his liking

Height: tall

Weight: too much/fat

Hair: without

Location: TSF forum

Reason of dissapearance: a couple of days ago bobski wanted to post price for gold, but he never did. Neighbours said he left the appartment with a young blonde woman (not his wife). Mrs. bobski said that she doesn't care if ever comes back ...

Edited June 25 by Chronos

[Paul]

2 minutes ago, Chronos said:

Missing

Bobski

Age: too old for his liking

Height: tall

Weight: too much/fat

Hair: without

Location: TSF forum

Reason of dissapearance: a couple of days ago bobski wanted to post price for gold, but he never did. Neighbours said he left the appartment with a young blonde woman (not his wife). Mrs. bobski said that she doesn't care if ever comes back ...

He's not in Tenerife is he ?? 

[Orpster]

Be aware the TSF gold ticker price seems to be stuck again.

Has been 1830.95 for ages for me now, BBP has:

[Dankanugget]

2 hours ago, Chronos said:

Missing

Bobski

Age: too old for his liking

Height: tall

Weight: too much/fat

Hair: without

Location: TSF forum

Reason of dissapearance: a couple of days ago bobski wanted to post price for gold, but he never did. Neighbours said he left the appartment with a young blonde woman (not his wife). Mrs. bobski said that she doesn't care if ever comes back ...

Le ticker is broken

[Chronos]

Central Banks' Appetite For Gold Hasn't Been Satisfied:

https://www.moneymetals.com/news/2024/06/20/central-banks-appetite-for-gold-hasnt-been-satisfied-003268

[VGfine]

Can someone who knows about these things answer this question,

If interest rates are cut in August or September which looks likely am I right to assume that the price of gold will fall each time they are cut?

[BLOOMMAN101]

[Bratnia]

1 hour ago, VGfine said:

Can someone who knows about these things answer this question,

If interest rates are cut in August or September which looks likely am I right to assume that the price of gold will fall each time they are cut?

No. Multifaceted. In expecting a reduction in interest rates some may move ahead of that time to sell some gold to buy stocks/bonds in expectation that they will tend to rise in price as interest rates are lowered. If inflation rises as rates are cut then bonds (stocks) might be yielding a less than inflation rate of return - where some might prefer to hold gold instead. The overall collective opinion of the collective market comprised of billions of players and computer systems tends to drive the odds of something either winning/losing at any one time to 50:50. Gold could rise, could fall.

[Chronos]

The National Debt Crisis Is Coming:

https://archive.is/tMPZ0

[Thelonerangershorse]

9 minutes ago, Chronos said:

The National Debt Crisis Is Coming:

https://archive.is/tMPZ0

THE national debt crisis, or A national debt crisis ?

[HonestMoneyGoldSilver]

4 hours ago, VGfine said:

Can someone who knows about these things answer this question,

If interest rates are cut in August or September which looks likely am I right to assume that the price of gold will fall each time they are cut?

The commonly held view is that gold tends to rise as rates are cut. This occurs because the opportunity cost of holding non-yielding assets like gold decreases. Typically investors compare the return on gold with the risk-free rate, often represented by Treasury yields or returns on savings accounts. When interest rates are high, the opportunity cost of holding gold is significant because investors could earn better returns by placing their money in interest-bearing assets. Conversely, when interest rates are lowered, the attractiveness of these alternative investments diminishes, making gold a more appealing option.

Moreover, gold is perceived as a hedge against inflation and currency devaluation. When rates are cut, the dollar often weakens, making gold less expensive for international buyers, which can drive up demand and prices. Additionally, during periods of economic uncertainty or instability, gold’s status as a safe-haven asset typically leads to increased demand, bolstering its price irrespective of interest rate trends.

However, some argue that lower rates might not always result in higher gold prices if investors anticipate economic recovery and shift their focus to more liquid and higher-yielding assets. Furthermore, historical data shows varied responses of gold to interest rate changes, highlighting the importance of broader economic context including inflation expectations and market sentiment.

While the reduction in opportunity cost from lower interest rates generally supports the view that gold prices will rise, it is crucial to account for a range of economic and market dynamics that can influence gold’s behaviour. It's also worth considering the "front-loading" effect, whereby gold rises in anticipation of rate cuts rather than the moment at which rates are cut - "buy the rumour, sell the news"

[Bratnia]

1 hour ago, HonestMoneyGoldSilver said:

The commonly held view is that gold tends to rise as rates are cut. This occurs because the opportunity cost of holding non-yielding assets like gold decreases. Typically investors compare the return on gold with the risk-free rate, often represented by Treasury yields or returns on savings accounts. When interest rates are high, the opportunity cost of holding gold is significant because investors could earn better returns by placing their money in interest-bearing assets. Conversely, when interest rates are lowered, the attractiveness of these alternative investments diminishes, making gold a more appealing option.

For longer dated bonds/Treasurys/Gilts a move to a lower yield = higher bond prices. The longer before the bond matures the greater that move can be (assuming a flat yield curve). Stocks might be somewhat considered as a undated variable coupon bond. Some with a crystal ball might shift into such longer dated bonds/stocks ahead of the crowd, capture a short term capital gain if that interest rate decline occurs, and then sell to shift the sale proceeds into short term bonds/notes/bills if they believe the next move will be a interest rate increase.

Quote

It's also worth considering the "front-loading" effect, whereby gold rises in anticipation of rate cuts rather than the moment at which rates are cut - "buy the rumour, sell the news"

Precisely. All depends on the overall tilt of the market, where the collective majority might have moved ahead of predicated/anticipated interest rates changes and perception of where subsequent better 'value' lays.

Was it Buffett or Graham who suggested

Quote

In the short run, the market is a voting machine, but in the long run, it is a weighing machine

Human nature and voting can produce some weird (unexpected) outcomes.

[Chronos]

Is China Hiding How Much Gold It Really Has?:

https://www.moneymetals.com/news/2024/06/21/is-china-hiding-how-much-gold-it-really-has-003270

[Agaupl]

2 hours ago, Chronos said:

Is China Hiding How Much Gold It Really Has?:

https://www.moneymetals.com/news/2024/06/21/is-china-hiding-how-much-gold-it-really-has-003270

I know how China feels.. I’m married 🤣

[bobski]

Live Gold Price

Au

Current Price

£1,826.47

Live Change

0.01% £+0.01

Live high £1,827.00

 

Live low £1,825.56

[Paul]

50 minutes ago, bobski said:

Live Gold Price

Au

Current Price

£1,826.47

Live Change

0.01% £+0.01

Live high £1,827.00

 

Live low £1,825.56

Bobskis back! we all thought you had gone mountain hiking in Tenerife 

[Bratnia]

On 25/06/2024 at 15:28, VGfine said:

Can someone who knows about these things answer this question,

If interest rates are cut in August or September which looks likely am I right to assume that the price of gold will fall each time they are cut?

Rather than trying to predict you can do OK/well with just accepting what's given on average. Looking for instance at the yearly best asset out of UK FT250 stock index, US S&P500 stock index (both total returns, £ adjusted) and gold, and they each tended to be the years best asset in around a third of years, but in a largely unpredictable manner/sequence.

Hold a third in each, rebalancing once/year at/around the end of financial year (so gains/losses can be taken in the old/new financial year according to whichever might be the more tax efficient) and more often that works out better than if you tried to predict things.

Note that the Callan table indicates entire end of March to end of March gains/losses for each individual asset, the lower line chart however reflects having rebalanced all three to equal weights each month.

Edited June 26 by Bratnia