Gold Monitoring Thread £ GBP only

[Bratnia]

3 hours ago, Brit2023 said:

Brexit was a binary choice whereas the General election was not so not really a comparison there.

The non binaries have taken over government?

[Bratnia]

8 hours ago, GoldDiggerDave said:

It's okay for most of us here as we are already established, got onto the property market, well into our peak earnings etc.    Imagine starting off at 18 today most cant earn enough to save for a deposit and millions by design will be locked into the rent/debt cycle.  

House prices in real (RPI adjusted) terms are twice as expensive as they were in 1989, when I was buying a home and when mortgage rates were 15%. UK average house prices are around £280K recently, I guess you might get a 5% mortgage rate on that, costing £14K/year in interest. 1989 comparison of £140K price, £21K/year interest.

Discreetly borrow a £28K sideline amount (from family/friends/wherever) to serve as a 10% deposit on a home/mortgage and at 5% that would cost £1.4K/year, still £14K/year combined interest cost (£28K smaller mortgage amount), £7K/year less expensive - that could be used to pay down the loans value.

To cover our mortgage payments we were working weekday overtime and weekends, no holidays, even having to rent etc. Tends to pay off in the end however as otherwise you're just paying rent forever more. A lifestyle choice. Tough now, as it has been tough in the past.

Edited July 8 by Bratnia

[Bratnia]

8 hours ago, GoldDiggerDave said:

We need this in this country mate.   It's pathetic (not looking down on anyone far from it) that millions of people today are going to work for sub 22k per year gross wage.  In real terms this is less than earning 10k 25 years ago

Put into context, the other half and I were working around 100 hours/week, me doing 40 hours standard week + 20 hours overtime, the other half working just the flat 40 hours. At today's £11.44/hour minimum wage = £1144/week gross, around £60K/year gross. At times around two-thirds of our net wage went on just paying off the mortgage interest.

[Roy]

10 hours ago, GoldDiggerDave said:

Imagine starting off at 18 today most can't earn enough to save for a deposit and millions by design will be locked into the rent/debt cycle.  

As parents, what do we do?

[Chronos]

The German government have no money and they can't stop spending it:

https://www.eugyppius.com/p/the-german-government-have-no-money

[HonestMoneyGoldSilver]

1 hour ago, Roy said:

As parents, what do we do?

See my response to GDD in the Politics thread. What we do as parents is not let communists/socialists/woketards anywhere near government. Sadly, we appear to have had a bunch of woketards in government for the past 14 years and have just allowed a bunch of even bigger socialist woketards to take over 🤷‍♂️

The only viable solution in the modern world is for parents to get rich enough to buy a house and provide an inheritance for their children. This is why people in the west don't have 2.4 kids anymore - the vast majority simply can't afford it. The only folks having lots of kids these days are those on benefits and immigrants 😠

[BLOOMMAN101]

Wowsers

[Dankanugget]

I see the new chancellor is going to bring back hanging....

[Gruff]

1 minute ago, Dankanugget said:

I see the new chancellor is going to bring back hanging....

For all those that don't align to his way of thinking? 

[Dankanugget]

7 minutes ago, Gruff said:

For all those that don't align to his way of thinking? 

Exactly

Just now, Dankanugget said:

Exactly

No money left ...so buy your own rope.

[pricha]

27 minutes ago, HonestMoneyGoldSilver said:

See my response to GDD in the Politics thread. What we do as parents is not let communists/socialists/woketards anywhere near government. Sadly, we appear to have had a bunch of woketards in government for the past 14 years and have just allowed a bunch of even bigger socialist woketards to take over 🤷‍♂️

The only viable solution in the modern world is for parents to get rich enough to buy a house and provide an inheritance for their children. This is why people in the west don't have 2.4 kids anymore - the vast majority simply can't afford it. The only folks having lots of kids these days are those on benefits and immigrants 😠

the daughter has 3 kids and works very hard....  but i do feel like a Chav when i'm out with them lol

[pricha]

1 hour ago, Roy said:

As parents, what do we do?

buy gold

[Chronos]

2 hours ago, Roy said:

As parents, what do we do?

Buy your kids contraception.

Adopt James32.

Edited July 8 by Chronos

[Roy]

4 minutes ago, Chronos said:

Adopt James32.

I couldn't afford to feed him! 

😂

[Paul]

8 minutes ago, Roy said:

I couldn't afford to feed him! 

😂

Have you not seen the chit he eats ??? 

[Gruff]

2 minutes ago, Paul said:

Have you not seen the chit he eats ??? 

I've heard he eats sovs for breakfast and 1oz gold Brits for lunch 

[Roy]

2 minutes ago, Gruff said:

1oz gold Brits for lunch 

With the black sauce 😉

Why did gold fall so much today?

[Thelonerangershorse]

9 hours ago, Brit2023 said:

Brexit was a binary choice whereas the General election was not

General election result made simple,

[Petra]

Since 1918 the winning party in an election has only ever got above 50% of the vote twice and that was the conservatives both times. The best Labour has had was once at 47%🤔😮

[silversky]

36 minutes ago, Petra said:

Since 1918 the winning party in an election has only ever got above 50% of the vote twice and that was the conservatives both times. The best Labour has had was once at 47%🤔😮

Yeah parties turn into football teams that live forever.  This is why they never totally wipe the floor with their opposite.  They feed off each other.  But presidents on the other hand reach 80% or 90% in some countries.  If there are party systems, then that number is greatly reduced by tribal loyalties.

[BLOOMMAN101]

[Petra]

🤔gold … another day of bobbling along or slowly heading down🤔🤔

[bobski]

Current Price

£1,845.71

Live Change

-0.02% £-0.24

Live high £1,845.94

 

Live low £1,845.19

[m3rlin]

hi all, please can someone tell me like how much an half sovereign 1909 Edward VII is worth. did look over internet an seen priced between £240-270 or so.

(i haven't seen the coin yet, the seller wants less than £240 for it)

[JamesH]

1 hour ago, m3rlin said:

hi all, please can someone tell me like how much an half sovereign 1909 Edward VII is worth. did look over internet an seen priced between £240-270 or so.

(i haven't seen the coin yet, the seller wants less than £240 for it)

Would say £220 assuming London Mint. More if Melbourne or Perth mints as far smaller mintage (esp Perth)