Gold Monitoring Thread £ GBP only

[Thelonerangershorse]

Don't forget the doctors settling the pay dispute with a huge rise by the end of the month, followed by train drivers and teachers, is not exactly going to push inflation down.

[BLOOMMAN101]

[Chronos]

US Spent A Record $140 Billion On Debt Interest In June, 30% Of All Tax Revenues:

https://www.zerohedge.com/markets/us-spent-record-140-billion-just-debt-interest-june-30-all-tax-revenues

[bobski]

Current Price

£1,865.01

Live Change

-0.02% £-0.21

Live high £1,866.52

 

Live low £1,864.86

[HerefordBullyun]

https://www.zerohedge.com/commodities/it-time-get-bullish-platinum

 Why I bought platinum

[katyc]

3 hours ago, HerefordBullyun said:

https://www.zerohedge.com/commodities/it-time-get-bullish-platinum

 Why I bought platinum

It does seem crazy that gold is 240% more expensive than platinum which is 30 times rarer. People are always shocked when I tell them gold is nearly 2.5 x more expensive. 

Anyway, this is the gold thread. Reported @HerefordBullyun and reported myself. 

Gold £1852

[Petra]

59 minutes ago, katyc said:

It does seem crazy that gold is 240% more expensive than platinum which is 30 times rarer. People are always shocked when I tell them gold is nearly 2.5 x more expensive. 

Anyway, this is the gold thread. Reported @HerefordBullyun and reported myself. 

Gold £1852

People haven’t been using platinum for coins and jewellery for thousands of years🤔🤔😁

[katyc]

12 minutes ago, Petra said:

People haven’t been using platinum for coins and jewellery for thousands of years🤔🤔😁

Platinum wedding rings will always be a thing. Platinum is stronger and more durable (and possibly more difficult, hence expensive to manufacture) than gold.

Also, memberships (anything from gyms to wine clubs) have various levels; Bronze, Silver, Gold, Platinum. The OCD in me doesn't like this because it no longer make sense 🙃

[Petra]

Just now, katyc said:

Platinum wedding rings will always be a thing. Platinum is stronger and more durable (and possibly more difficult, hence expensive to manufacture) than gold.

Also, memberships (anything from gyms to wine clubs) have various levels; Bronze, Silver, Gold, Platinum. The OCD in me doesn't like this because it no longer make sense 🙃

Tell it to the Egyptians etc.🤔🤔although something in diamonds set in platinum always looks good😮😁

[katyc]

@stefffana is typing (to prove that spoons are better than gold, silver, platinum and diamonds thanks to their multiple uses) 😆❤️ 

[stefffana]

18 minutes ago, Petra said:

People haven’t been using platinum for coins and jewellery for thousands of years🤔🤔😁

Not really. The very high melting point and the impossibility to refine without chemicals was restrictive for ancestors. They used only low purity natural nuggets and grains in jewellery, never in coinage.

[stefffana]

Just now, katyc said:

@stefffana is typing (to prove that spoons are better than gold, silver, platinum and diamonds thanks to their multiple uses) 😆❤️ 

Nope. This is already a fact, not needed to be proved!

And yes, I still love you!😘

[BLOOMMAN101]

[Chronos]

US Producer Prices Surge At Fastest Pace In 15 Months As Services Costs Soar:

https://www.zerohedge.com/markets/us-producer-prices-surge-fastest-pace-15-months-services-costs-soar

After Dumping $22 Billion Overnight, Is The BoJ Intervening Again In USDJPY?:

https://www.zerohedge.com/markets/after-dumping-22-billion-overnight-boj-intervening-again-usdjpy

[Paul]

39 minutes ago, BLOOMMAN101 said:

is that graph upside down ??

( asking for a friend ) 

[James32]

1 hour ago, stefffana said:

 

And yes, I still love you!😘

Harrowing 

[BLOOMMAN101]

4 minutes ago, Paul said:

is that graph upside down ??

( asking for a friend ) 

"It builds character"  buy the dip

[Paul]

3 minutes ago, BLOOMMAN101 said:

"It builds character"  buy the dip

I'm getting fatter & skinter from all these dips i keep buying 

Edited July 12 by Paul

[BLOOMMAN101]

[Brit2023]

59 minutes ago, Paul said:

I'm getting fatter & skinter from all these dips i keep buying 

Nice one💪🏽

no likies left for this peasant.

[Chronos]

What Rome’s Currency Debasement Tells us About the Future of the US Dollar …:

https://www.lewrockwell.com/2024/07/david-stockman/what-romes-currency-debasement-tells-us-about-the-future-of-the-us-dollar/

[Dankanugget]

GBP dropped to 1.27 on Friday from 1.29

[Dankanugget]

So was the gold price reflected in this on Friday?

[jultorsk]

On 12/07/2024 at 08:52, Paul said:

I'm getting fatter & skinter from all these dips i keep buying 

Legit my first expectation was I'm looking at caviar tins... 

 

[Thelonerangershorse]

Inflation incoming...