Gold Monitoring Thread £ GBP only

[Bratnia]

[General ramble]

Would be nice if we could reliably time the markets

used our gold to buy into US stocks in the late 1980's/early 1990's, sold those stocks to provide 10 times more ounces of gold in return in the late 1990's. Deployed gold into stocks again in 2010/11/12, perhaps sold those stocks for around 5 times more ounces of gold in 2022. 50 times more ounces of gold overall, and having collected some stocks dividends along the way.

UK house prices in that chart recently look relatively cheap, however they have flat lined in inflation adjusted terms so perhaps more a indication that gold is relatively expensive in terms of £'s. If gold were to decline in £ price then that house price line would rise, as would the US stock line, so perhaps more a indication that gold might remain relatively level, as might the house price line and US stocks might decline. Trends however can persist for a lot longer than you might expect so there equally could still be further upside for US stocks. No harm however in taking some profits to add more ounces of gold, or selling some stocks and/or gold to perhaps buy a house. I imagine that there may be pent up demand for houses that are sitting out waiting for the election to end. Labour may very well throw the kitchen sink at pushing for growth, and with high renting costs demand for relatively low priced housing could rise. Why pay £1500/month to rent when that could be paying down a mortgage. Recently the UK all-houses average price of a home costs around 160 ounces of gold, based on that historic chart at other times it cost 700 ounces of gold.

[jultorsk]

Writing on the wall?

 

[Gruff]

2 minutes ago, jultorsk said:

Writing on the wall?

 

That'll be Starmer the Charmer...

[Gruff]

Well I never... I'm gobsmacked 🤣🤣

 

[jultorsk]

Furk

Edited June 30 by jultorsk
typo

[Paul]

4 minutes ago, Gruff said:

Well I never... I'm gobsmacked 🤣🤣

 

So should we buy silver ? Or beanie babies??? 

[BLOOMMAN101]

1 minute ago, Paul said:

So should we buy silver ? Or beanie babies??? 

Lead and brass

[Gruff]

Just now, BLOOMMAN101 said:

Lead and brass

And a Glock model 19 or Staccato P 

[BLOOMMAN101]

3 minutes ago, Gruff said:

And a Glock model 19 or Staccato P 

[Petra]

20 minutes ago, jultorsk said:

Writing on the wall?

 

Who cares… enjoy Australia 

[Gruff]

3 minutes ago, Petra said:

Who cares… enjoy Australia 

Any loss of tax revenue from them will be borne from the rest of us, so more taxes... death and taxes, the two certainties 

[Petra]

3 minutes ago, Gruff said:

Any loss of tax revenue from them will be borne from the rest of us, so more taxes... death and taxes, the two certainties 

🤔😮if they are millionaires who can leave the country quite happily how much tax do you think they are really paying?🤔🤔not too much…

[Gruff]

10 minutes ago, Petra said:

🤔😮if they are millionaires who can leave the country quite happily how much tax do you think they are really paying?🤔🤔not too much…

I think the millionaires pay their share. Its the multimillionaire and billionaires that don't pay jack nothing

[jultorsk]

4 minutes ago, Petra said:

🤔😮if they are millionaires who can leave the country quite happily how much tax do you think they are really paying?🤔🤔not too much…

Rest assured it's never a good sign when millionaires leave en masse. Economies thrive when there's available capital (think jobs, businesses). Shrinking disposable wealth leads to atrophy of communities. 

Taxation is just one *insanely inefficient and often misguided* way of spreading that money. 

 

[jultorsk]

GOOOOOOOOLLLLLLLLLLL!!!!

[James32]

3 minutes ago, jultorsk said:

GOOOOOOOOLLLLLLLLLLL!!!!

Talk about leaving it late

[jultorsk]

GOOOOOOOLLLLLLLLLLLL!

[James32]

Note to self..

Sell my newly acquired Slovakian passport on Gumtree Monday morning. 

[Petra]

26 minutes ago, jultorsk said:

Rest assured it's never a good sign when millionaires leave en masse. Economies thrive when there's available capital (think jobs, businesses). Shrinking disposable wealth leads to atrophy of communities. 

Taxation is just one *insanely inefficient and often misguided* way of spreading that money. 

 

👍mmmm…. are they taking their businesses with them🤔

[Paul]

16 minutes ago, jultorsk said:

GOOOOOOOLLLLLLLLLLLL!

D

[jultorsk]

21 minutes ago, Paul said:

D

 

[jultorsk]

23 minutes ago, Petra said:

👍mmmm…. are they taking their businesses with them🤔

Not necessarily talking about *their* businesses mate. Any local business. They spend on a lot of things: services, flowers, restaurants, you name it. Every nice business you have in your community is at risk of closing shop when the money ups the sticks and moves away.

 

[jultorsk]

Meanwhile in France, looks like Macron on third place after the first round of polling. Might be gold up a notch in the morn. 

 

[Roy]

4 minutes ago, jultorsk said:

Every nice business you have in your community is at risk of closing shop when the money ups the sticks and moves away.

 

We're witnessing this in almost every town these days.

Only charity shops and Turkish barbers left on the High Street.

Even the pubs have closed down.

My former hometown is becoming like a Ghost Town.

 

[jultorsk]

Just now, Roy said:

Only charity shops and Turkish barbers left on the High Street.

Exactly. And how much taxes do either of those pay, one wonders....