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Gold Monitoring Thread £ GBP only


Paul
Message added by ChrisSilver

This topic is to discuss price action in GBP, to discuss price action in $ USD, please see this topic: https://thesilverforum.com/topic/19962-gold-monitoring-thread-usd-only/

📌 For general non PM chat there is the Hangout topic here: 

 

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25 minutes ago, treetop1280 said:

NOPE ??? Once  a soldier always a soldier???” Go get em rambo???👍

0A08CB59-F1C8-4FE4-8530-37B7663623F2.jpeg

\you can kiss my balloonknot im 50 and still have a 6 pack, train 4 days a week.....

Not like you fat civvies.....

Central bankers are politicians disguised as economists or bankers. They’re either incompetent or liars. So, either way, you’re never going to get a valid answer.” - Peter Schiff

Sound money is not a guarantee of a free society, but a free society is impossible without sound money. We are currently a society enslaved by debt.
 
If you are a new member and want to know why we stack PMs look at this link https://www.thesilverforum.com/topic/56131-videos-of-significance/#comment-381454
 
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1 hour ago, treetop1280 said:

I’m 51 , and  have a eight pack , and train 5 days a week ?? 😀👍

Thats nothing. I'm 52 and have a keg.

Oh and nearly forgot. drive myself 7 days a week. No trains for me

Edited by ZRPMs
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1 hour ago, HerefordBullyun said:

\you can kiss my balloonknot im 50 and still have a 6 pack, train 4 days a week.....

Not like you fat civvies.....

It was an 8 pack, but you necked 2 of them as soon as you left the corner shop

Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, and debt is the money of slaves

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2 hours ago, Paul said:

Should be £1900oz+ soon enough once we get some new  economic policies launched 

Oh there will be new policies alright... :ph34r: 

 

Screenshot 2024-07-06 at 5.58.26 AM.png

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. - H.L. Mencken

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2 hours ago, Paul said:

The man cant even eat a bacon sandwich correctly 

Is this the moment Ed realised that the man who sold him this bacon sandwich  is voting Tory? Labour leader's nationwide tour gets off to a difficult  start | Daily Mail Online

But saying that, he is a regular WEF/Davos attendee, so he will be doing the bidding of his WEF "Young Leaders" Graduate Herr Starmer and Herr Schwab above him  

Other folks who are WEF Young Leaders graduates include 

1. Emmanuel Macron - President of France.

2. Sanna Marin - Prime Minister of Finland.

3. Justin Trudeau - Prime Minister of Canada .

4. Jacinda Ardern - Former Prime Minister of New Zealand.

5. Leo Varadkar - Tánaiste (Deputy Prime Minister) and former Taoiseach (Prime Minister) of Ireland.

6. Mark Zuckerberg - Co-founder and CEO of Facebook (Meta Platforms).

7. Larry Page - Co-founder of Google.

8. Sergey Brin - Co-founder of Google.

9. Daniel Ek - Co-founder and CEO of Spotify.

10. Jimmy Wales - Co-founder of Wikipedia.

"Net Zero" has zip all to do with saving the planet, but everything to do with tracking, controlling, restricting and micro managing every single aspect of your life cradle to grave  

How would he? He is Jewish 🤷🏽‍♂️

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6 hours ago, Paul said:

Looks like we finished the week at a positive £1870

Should be £1900oz+ soon enough once we get some new  economic policies launched 

Someone with a keen interest in AI could get one of them to do a nice graph comparison between Labour years and Tory years and the effect it had on gold price in GBP.  To get really down to it though, it would have to define between the honeymoon new government phase, as well as the different types of Labour government.  There is a sharp difference between the Progressive Blairite type of Labour years vs the more traditional socialist Brownite years.  Starmer is more of a Blairite without any of his charisma.  Raynor is more of a Brownite, but for now at least is well contained by Starmer.

Edit: As for the tories it's a bit harder to define them due to all the duplicitous lying.  There are hardcore Thatcherites and populists vs hug a hoodie DEI loving Cameron and Mays.  Johnson was both in a schizophrenic attempt to appeal to all.  It would be interesting to see price broken down per each type of leadership and cabinet.

Edited by silversky

New profile pic to support the current thing, because it's current year.

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20 hours ago, Thelonerangershorse said:

Junior doctors settle somewhere around the 15% mark before the end of the month would be my first guess.

It's a tricky one for Starmer. If quickly settled and for say 15% that will be a starter gun for all other Unions joining a queue for the same and a rapid rotation into where the Unions look to direct the government (strikes etc). At the start of most other Labour governments they've started with a healthy Treasury/vault and have used that to appease, that's transitioned into dislike/divisions when the money ran out. This Labour government will have to be more Tory-like, inherited from a government that was more Labour-like. Given SKS/AR/RR histories and non-stage (pre-election-campaign) real characters I suspect they're not up to that and as such are a one term government that is more inclined to fail than succeed. Fundamentally can it shift to centralist (where it is more inclined to sustain) or will it be dragged leftward. The strong Parliament majority IMO indicates more likely leftward tugs (SKS is not a strong confrontational character, is more of a appeaser). Migration is the other factor, his present plan for quick processing i.e. granting stay as a matter of policy because they can't be deported anyway, will lead to large flows/numbers who in turn bring across dependents once granted legal stay - that will alienate much of the population. House building alone cannot match such a rising demand, let alone the infrastructure upgrading that would be required to build a new city the size of London each year.

You may very well be right and a 15% debasement guideline be adopted, grant the doctors that, then others as they demand the same, uplift minimum wage by 15% ...etc. and the Pound loses 15%, inflation rises 15% - but the perception of many feeling they had won/were better off (appeasement). Which of course would also mean the price of gold in Pounds rising.

£1830 pre election gold price (markets pretty much knew the election outcome so had already priced that in), 15% debasement and 1830 / 0.85 = £2150 gold price within perhaps a years time. That if the markets consider that to be the direction headed could see that price being reached sooner rather than later.

Edited by Bratnia
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4 minutes ago, Bratnia said:

It's a tricky one for Starmer. If quickly settled and for say 15% that will be a starter gun for all other Unions joining a queue for the same and a rapid rotation into where the Unions look to direct the government (strikes etc). At the start of most other Labour governments they've started with a healthy Treasury/vault and have used that to appease, that's transitioned into dislike/divisions when the money ran out. This Labour government will have to be more Tory-like, inherited from a government that was more Labour-like. Given SKS/AR/RR histories and non-stage (pre-election-campaign) real characters I suspect they're not up to that and as such are a one term government that is more inclined to fail than succeed. Fundamentally can it shift to centralist (where it is more inclined to sustain) or will it be dragged leftward. The strong Parliament majority IMO indicates more likely leftward tugs (SKS is not a strong confrontational character, is more of a appeaser). Migration is the other factor, his present plan for quick processing i.e. granting stay as a matter of policy because they can't be deported anyway, will lead to large flows/numbers who in turn bring across dependents once granted legal stay - that will alienate much of the population. House building alone cannot match such a rising demand, let alone the infrastructure upgrading that would be required to build a new city the size of London each year.

You may very well be right and a 15% debasement guideline be adopted, grant the doctors that, then others as they demand the same, uplift minimum wage by 15% ...etc. and the Pound loses 15%, inflation rises 15% - but the perception of many feeling they had won/were better off (appeasement). Which of course would also mean the price of gold in Pounds rising.

 

£1830 pre election gold price (markets pretty much knew the election outcome so had already priced that in), 15% debasement and 1830 / 0.85 = £2150 gold price within perhaps a years time.

If Labour agree to anything north of 7% it'll spur inflation again, even before they turn on the QE infinity spigots again. No chance then for him to make mortgages affordable as it'll put pressure on the BoE to keep rates elevated for a lot longer. 5% will become the norm again

The closer the collapse of an Empire, the crazier it's laws - Marcus Tullius Cicero

We had the warning in 2006-9 but central banks ignored it and just added new worthless debt to existing worthless debt to create worthless debt squared – an obvious recipe for disaster. - Egon von Greyerz

https://www.thesilverforum.com/topic/83864-uk-bank-regulations/

 

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3 minutes ago, Bratnia said:

Net zero ... migration and self sufficient on the food front. Easily resolved ... cannibalism. 

Saturday night, not sure whether to go for a Chinese, Indian, Italian or Greek tonight.

Miliband clearly doesn't like Gazan

spacer.png

Looks like the sandwich filler was a leather sandel :D 

The closer the collapse of an Empire, the crazier it's laws - Marcus Tullius Cicero

We had the warning in 2006-9 but central banks ignored it and just added new worthless debt to existing worthless debt to create worthless debt squared – an obvious recipe for disaster. - Egon von Greyerz

https://www.thesilverforum.com/topic/83864-uk-bank-regulations/

 

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10 minutes ago, Gruff said:

If Labour agree to anything north of 7% it'll spur inflation again, even before they turn on the QE infinity spigots again. No chance then for him to make mortgages affordable as it'll put pressure on the BoE to keep rates elevated for a lot longer. 5% will become the norm again

They've been talking a 12% increase in minimum wage, so that might be their broader intended debasement factor. If in the September budget and spanned across a 18 months period = 8% annualised rate.

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