Gold Monitoring Thread £ GBP only

[silversky]

1 hour ago, Roy said:

I agree. I don't know the technical side of it, but when asked if you are carrying gold or silver, tell the truth.

I think it is a simple test, they know full well you are but your answer is important.

Taken some a few times.  Best to tell the xray staff at security as you load it into the plastic tray.  They don't get a shock and over react like that.  If you have it on your person then it will forever set off the metal detector.  That is also not a good idea.

When they xray it it comes out black on their picture(dense).  Some of the items that they are actually looking for which are dangerous also come out as black, so it's good not to give them a shock like that and they will then put it in seperately and confirm that it is what you say it is.  Everyone is happier like that.

But that's it.  Currently no one cares as to its value when you are leaving, they are simply security checking.  At the other end though it's a different matter.  You must declare if you are carrying cash or monetary instruments over 10k.  I never have, so I have no experience of how that works out.

It's entirely possible that they could in future seize PMs at the airport on departure.  They would be able to catch 99.99% of them if they really wanted to.  They are one of the easiest things to detect out of everything.

[Roy]

Good advice.

No, I've never carried more than 10k either, it would worry me too much.

I'm sure you're familiar with the Elizabeth Taylor story, she would wear £000's of jewellery when she travelled. Is this a way around the 10k rule/limit?

Maybe @ArgentSmith has a valid point!

Edited June 28 by Roy

[Paul]

I heard it on my life travels, in USA why pimps would always dress the way they did with the most OTT bling on was becuase if they were arrested, money with no verifiable source could be held/seized. Jewellery could not regardless how flash. On the flip side high end jewellery could also be used as collateral to raise quick cash on the street for any bail, bond, fine, or bind they were in with their pawn broker/shop

[flyingveepixie]

9 hours ago, silversky said:

All gold leaving the country via passengers at ports is spotted. 

This is not true. It may be true for airports but are airport metal detectors that sofisticated that they can spot gold..? I have my doubts.

There are other ways of leaving the country by any one of a number of ferry ports with your vehicle or via the channel tunnel where no metal detectors or personal searches are generally involved. I've had customs look in my vehicle quite a few times at ferry ports but it was never more than a cursory look apart from once there and back again when I was carrying one of my crossbows and had declared the fact beforehand, so they knew I had it with me and wanted a look.

Edited June 28 by flyingveepixie

[theman73]

9 hours ago, silversky said:

All gold leaving the country via passengers at ports is spotted.

Just put your gold coins in the luggage pocket like a change mixed with some other coins, nobody will check them or see that they are gold.

[Thelonerangershorse]

£1843.61

Built it up ready for the smackdown?

[Bratnia]

1 hour ago, Thelonerangershorse said:

£1843.61

Built it up ready for the smackdown?

Given that schools break up soon and the GE next week, perhaps some might prefer to weight more into gold towards the Friday close and take a week or two out?

[Paul]

2 minutes ago, Bratnia said:

Given that schools break up soon and the GE next week, perhaps some might prefer to weight more into gold towards the Friday close and take a week or two out?

Great Engravers release was last week - durrrrrrrrrrrrr 😵‍💫🥸😎

[jultorsk]

1 hour ago, Bratnia said:

Given that schools break up soon and the GE next week, perhaps some might prefer to weight more into gold towards the Friday close and take a week or two out?

Good insight. Same on this side of the pond, the Biden-Trump debate last night made Sniffy-Joe practically unelectable. Dems are in meltdown. Doubt anyone has time to think about smackdowns today and next week is 4th of July as well.

[PapaLazarou]

Betfair odds on Newsom to win the US election have fallen from 80/1 to 15/2 in the last four weeks.

He is now third favourite, with Biden's price drifting overnight to 5/1 from 2/1.

Prior to last night's debate his odds were 30/1.

Edited June 28 by PapaLazarou

[GoodAsGold]

On 22/06/2024 at 19:19, GoodAsGold said:

Possibly me. I made my first ever For Sale post on Friday. And once I’d worked out how to do that, I only went and did it again. 

Maybe I should change my name to Bad As Gold.

Change of Friday afternoon strategy for me today. I’m NOT putting up anything for sale in the hope that the gold price doesn’t crash like it did when I put a couple of coins up for sale last Friday afternoon.

It didn’t stop a couple of savvy TSF punters from buying them though. Which way is it to the moon again?

[HonestMoneyGoldSilver]

6 hours ago, Paul said:

I heard it on my life travels, in USA why pimps would always dress the way they did with the most OTT bling on was becuase if they were arrested, money with no verifiable source could be held/seized. Jewellery could not regardless how flash. On the flip side high end jewellery could also be used as collateral to raise quick cash on the street for any bail, bond, fine, or bind they were in with their pawn broker/shop

Yep for all you aspiring gold smugglers out there, the criminal way is to melt the gold down into necklaces and jewellery, drape them on a beautiful woman, then send them on their way to the UAE 👍

[silversky]

Biden is not going to be the democrat nominee, let alone the president.  The market is waking up to that after observing the zombie stare and hanging jaw last night.  The comment about playing Trump at golf as long as Trump carried his own bag was hilarious.  Everyone can see that Joe couldn't lift his own bag let alone carry it round 18 holes.  The left wing media were crying afterwards like it was the first time they had ever seen it before...  Such lies.  It was planned in advance and Caesar has been stabbed.   It's over!!!

So PM's are rising as change is anticipated...  Will it be Kamala? the most disliked candidate by the American people?  Or perhaps slimy Newsome, also disliked by ordinary folk.  Donors and money folk love him, but they realise that this time they need ordinary folk on board too.  It's a conundrum for the electoral calculus on the left, and that means a change of power is getting more likely with each passing day.  Is this just Gold responding to a bit of turmoil?  Ultimately the Don is probably a safer pair of hands and likely to settle PMs down if anything, but short term its turmoil.

[HonestMoneyGoldSilver]

3 minutes ago, silversky said:

Biden is not going to be the democrat nominee, let alone the president.  The market is waking up to that after observing the zombie stare and hanging jaw last night.  The comment about playing Trump at golf as long as Trump carried his own bag was hilarious.  Everyone can see that Joe couldn't lift his own bag let alone carry it round 18 holes.  The left wing media were crying afterwards like it was the first time they had ever seen it before...  Such lies.  It was planned in advance and Caesar has been stabbed.   It's over!!!

So PM's are rising as change is anticipated...  Will it be Kamala? the most disliked candidate by the American people?  Or perhaps slimy Newsome, also disliked by ordinary folk.  Donors and money folk love him, but they realise that this time they need ordinary folk on board too.  It's a conundrum for the electoral calculus on the left, and that means a change of power is getting more likely with each passing day.  Is this just Gold responding to a bit of turmoil?  Ultimately the Don is probably a safer pair of hands and likely to settle PMs down if anything, but short term its turmoil.

Newsome or Harris would cause civil war. There is a large, heavily armed and highly motivated demographic who simply could not accept their mandates. I'd wonder how either could get elected as Newsome helped turned California from a paradise into a 3rd-world country, but then again Biden got elected, didn't he? Newsome should be tried in a court of law for treason for what he's done to California, with the trial taking place in Texas, if you catch my drift.

[Paul]

1 hour ago, PapaLazarou said:

Betfair odds on Newsom to win the US election have fallen from 80/1 to 15/2 in the last four weeks.

He is now third favourite, with Biden's price drifting overnight to 5/1 from 2/1.

Prior to last night's debate his odds were 30/1.

And newsom has done such a brilliant job making the sunshine 🌞 ☀️ state thrive with it's cheap property, low crime rates, strong stance on immigration and general all round woker-ery policies and acceptance 

He can make the entire country the same 

[silversky]

8 minutes ago, HonestMoneyGoldSilver said:

Newsome or Harris would cause civil war. There is a large, heavily armed and highly motivated demographic who simply could not accept their mandates. I'd wonder how either could get elected as Newsome helped turned California from a paradise into a 3rd-world country, but then again Biden got elected, didn't he? Newsome should be tried in a court of law for treason for what he's done to California, with the trial taking place in Texas, if you catch my drift.

Doesn't matter, he is big with the corrupt money and so he might get shoved forward like Hillary did.

Personally I stayed up and watched the debate last night.  The CNN hacks afterward were just as exciting to watch as the debate itself.  The debate itself was glorious!  Seeing Trump calmly stick to his points while Biden rambled off into silence was astounding.  I don't think even Trump expected it to be so bad.  The split screen showed them both at all times so their reactions could be seen.  It showed Trump smirking at the non sensical things whispering out of Old Joes mouth, and it showed Joe slack jawed and dead eyed while Trump was speaking.  Really really REALLY bad optics.  No amount of forcing the DNC to adopt all the delegates for Joe can change this.  They tried to steal the nomination for Biden, and democrats are fuming and in a blind panic.  The CNN knives were out hard last night.  I've never seen CNN go after Biden like this.  It was brutal, a bloodbath.  He is gone.

I then switched over to the nasty TYT (young turks) channel.  They are on the harder left end of progressive politics and want a populist commie in charge.  They were in raging meltdown over Biden.  Most enjoyable.  I should have had a few beers on hand to celebrate but sadly I didn't.

Anyway back to Gold, I think politics might be the reason for the little rise.  A stable order is about to get unstable.

Edited June 28 by silversky

[BLOOMMAN101]

25 minutes ago, silversky said:

Biden is not going to be the democrat nominee, let alone the president.  The market is waking up to that after observing the zombie stare and hanging jaw last night.  The comment about playing Trump at golf as long as Trump carried his own bag was hilarious.  Everyone can see that Joe couldn't lift his own bag let alone carry it round 18 holes.  The left wing media were crying afterwards like it was the first time they had ever seen it before...  Such lies.  It was planned in advance and Caesar has been stabbed.   It's over!!!

So PM's are rising as change is anticipated...  Will it be Kamala? the most disliked candidate by the American people?  Or perhaps slimy Newsome, also disliked by ordinary folk.  Donors and money folk love him, but they realise that this time they need ordinary folk on board too.  It's a conundrum for the electoral calculus on the left, and that means a change of power is getting more likely with each passing day.  Is this just Gold responding to a bit of turmoil?  Ultimately the Don is probably a safer pair of hands and likely to settle PMs down if anything, but short term its turmoil.

I put a quid on Big Mike last August

[BLOOMMAN101]

latest from Paddy Power

 

[silversky]

Just to add to my last comment... The CNN bias is now completely mask off.  No hint of an attempt by any of the ten plus talking heads of being anything other than democrat activists.

CNN are a team of supporters desperately hoping that their champion will defeat the other team's champion.  And they were doing everything they could to make that happen until last night.  After it started to go wrong, they turned on their champion for being a failure and ripped him to shreds.  They were almost crying as they said it wasn't fair on him and that he's too old etc.  Crying crocodile tears about having worked for him in the past and loving him etc... but that it's time to go..

Their new debate format was clearly designed to desperately try to help old Joe succeed, but it didn't.  It was like changing the meta in a video game, the younger man was better able to adapt to the sudden new rules, and still defeated his opponent.  He quickly learnt that their mic cutting and the like meant that he had to remain silent and use the next answer as a part retort to the last point rambled by Joe.  When they started a new question he would use half his time to refute the unanswered part from the previous question which CNN had tried to cut him off from refuting.  Smart and controlled.  It also forced Trump to be more disciplined than usual - far less of a bruiser interrupting and bullying his opponent - calmer and more measured and the new rules meant that Joe just rambled off into oblivion with his time.  He looked better when it looked like Trump was rude and interrupting a polite and civil man.  Now it was clear that Trump didn't need to interrupt him, there was simply nothing there by the end of his allotted time.

So in the end the CNN hacks were probably angry with themselves for their two major blunders.  Split screen at all times showing terrible faces from Joe and comical lively ones from Trump.  Trump a lively human, and Joe a near dead corpse.  And the non interruption mic issue.  That allowed the world to see that Joe cannot speak for 2 full minutes.  Absolutely dreadful exposure of their candidate, and the smarter ones amongst them know that they failed just as much as he did.

[silversky]

As is often said, markets like certainty.  What is clear today is that there is now a very high likelihood that Biden will not be the next president of the USA.

Whether it is a new Democrat or Trump, it will be a new president with new policies etc.  That is change and uncertainty which the market tends to wobble over.  Trump is more certain than anything the Democrats can throw at the table, so much of the uncertainty around Trump is already known and factored in.  It is Democrat uncertainty which is not factored in, and despite any other candidate having a low chance of beating Trump, a Michelle Obama or Hillary Clinton reincarnation would certainly kick up a lot of uncertainty.

 

[Thelonerangershorse]

£1846.08

If anyone's interested.

[Bratnia]

Friday, near 4pm 1836.97/1843.19 sell/buy spread (10oz minimums)

[treetop1280]

2 hours ago, silversky said:

As is often said, markets like certainty.  What is clear today is that there is now a very high likelihood that Biden will not be the next president of the USA.

Whether it is a new Democrat or Trump, it will be a new president with new policies etc.  That is change and uncertainty which the market tends to wobble over.  Trump is more certain than anything the Democrats can throw at the table, so much of the uncertainty around Trump is already known and factored in.  It is Democrat uncertainty which is not factored in, and despite any other candidate having a low chance of beating Trump, a Michelle Obama or Hillary Clinton reincarnation would certainly kick up a lot of uncertainty.

 

Mr Michael obarma??   , you mean ???? 👍

[Chronos]

Japan Fires Its Top Currency Diplomat As Yen Disintegrates, Another Intervention Looms:

https://www.zerohedge.com/markets/japan-fires-its-top-currency-diplomat-yen-disintegrates-another-intervention-looms

'SuperCore' Inflation Rises For 49th Straight Month:

https://www.zerohedge.com/markets/suprecore-prices-rise-49th-straight-month-spending-disappoints

[HerefordBullyun]

My own list of 10 risks would be different, of course, but this is a worthy place to start.) Podcast: 10 Geopolitical / Financial Risks to the Global Economy:

1. Financiers Seizing Collateral in a Derivatives Crisis, a.k.a. "The Great Taking" and Liquidity crisis

2. Cyber attacks

3. Tariff wars

4. Confiscation of other nation's financial assets

5. Selling / Boycott of US Treasuries

6. Imposition of Central Bank Digital Currencies (CBDCs)

7. Russia's ban of uranium exports to the West

8. Restrictions on Strategically Significant Commodities

9. Private cryptocurrencies forcibly folded into CBDCs

10. Escalation of Ukraine war