Gold Monitoring Thread £ GBP only

[Brit2023]

18 hours ago, James32 said:

Jeezus this is all we need.

Maybe he was too stoned to put "bonghead"

[Chronos]

US Records 2nd Biggest July Deficit In History As 25% Of Tax Revenue Go To Pay Interest:

https://www.zerohedge.com/markets/july-budget-deficit-2nd-biggest-history-25-tax-revenue-go-pay-interest

Producer Price Inflation Slows As Services Costs Slump:

https://www.zerohedge.com/personal-finance/producer-price-inflation-slows-services-costs-slump

[HerefordBullyun]

https://www.zerohedge.com/markets/federal-reserve-does-not-own-gold

[burns718]

Where do people think the price of gold and silver is actually heading by the end of this year then? 

[modofantasma]

26 minutes ago, burns718 said:

Where do people think the price of gold and silver is actually heading by the end of this year then? 

Based on the overall trend it would be more likely higher than lower but markets don't tend to go up in a straight line

[Gruff]

26 minutes ago, burns718 said:

Where do people think the price of gold and silver is actually heading by the end of this year then? 

That is a very good question! 

I'd say up, we're in precarious times.

Those that used to control the narrative are losing their grip, they're escalating what they can to war, as the puts people into a fear state, it also turns on the debt spigots as the countries print massively to fund it.
They're flooding the West with illegal immigrants and that is causing frustration and anger, this is an unknown of how this might erupt. 
People are feeling the pinch so it's all a tinderbox. 

Typically in times of war and uncertainty like this Gold becomes a safe-haven, and Silver should follow to some extent

[HerefordBullyun]

Did you know Trump signed an executive order during his time as president to mine PMs on the moon? There is gold silver Pl and titanium on the moons surface albeit its gonna face some challenges.

Based on the search results, it appears that the Moon does contain precious metals, including:

1. Gold: Mentioned in two sources (August 2021 and September 2019) as being present in the Moon’s subsurface, likely in the form of gold-bearing minerals.
2. Silver: Also mentioned in the August 2021 source as being present in the Moon’s subsurface, alongside gold.
3. Titanium: While not typically considered a precious metal, titanium is abundant on the Moon, as stated in multiple sources (November 2018, October 2020, and May 2024). Its high abundance makes it a significant resource.
4. Iron: Similarly, iron is also present in higher concentrations than previously thought, according to NASA data analyzed in May 2024.
5. Platinum: Although not explicitly mentioned, platinum is a siderophile metal (bonding easily with iron) and might be present in the Moon’s subsurface, as predicted by geological modeling in September 2019.

Key Takeaways

• The Moon’s subsurface is likely to contain precious metals, including gold and silver, although the exact distribution and concentrations are still unknown.
• Titanium and iron are abundant on the Moon, making them significant resources.
• The Moon’s geological composition may be more complex than initially thought, with potential variations in metal concentrations across different regions.

Edited August 14 by HerefordBullyun

[Bogart]

3 hours ago, Gruff said:

That is a very good question! 

I'd say up, we're in precarious times.

Those that used to control the narrative are losing their grip, they're escalating what they can to war, as the puts people into a fear state, it also turns on the debt spigots as the countries print massively to fund it.
They're flooding the West with illegal immigrants and that is causing frustration and anger, this is an unknown of how this might erupt. 
People are feeling the pinch so it's all a tinderbox. 

Typically in times of war and uncertainty like this Gold becomes a safe-haven, and Silver should follow to some extent

My you are cheery are you not?

[Gruff]

16 minutes ago, Bogart said:

My you are cheery are you not?

It's as I see it. I hope I'm wrong, but there is already escalating poverty and more full time workers depending on food charities and government hand outs. 
The government is also looking at ways to fill the budget deficits and that will be further taxation and pain for people. We are resilient, but can only be pushed so far. 

Then we turn the focus back on those that have caused this, the governments and bankers. They don't like the focus, so you get what we have at the moment. 

[treetop1280]

Not sure if this is  any use to anyone , 

[Paul]

3 minutes ago, treetop1280 said:

Not sure if this is  any use to anyone , 

they have more different variable % charges for this that and t'other & terms and conditions as long as a phone book

Just buy here . . . . . . . well unless @James32 gets there first  

[HerefordBullyun]

18 minutes ago, Paul said:

they have more different variable % charges for this that and t'other & terms and conditions as long as a phone book

Just buy here . . . . . . . well unless @James32 gets there first  

Big pipe and hoover

[BLOOMMAN101]

[Paul]

8 minutes ago, HerefordBullyun said:

Big pipe and hoover

[HerefordBullyun]

1 minute ago, BLOOMMAN101 said:

Right down the fartpipe! 

[VGfine]

[Bratnia]

13 minutes ago, VGfine said:

So you'd be happy earning $31.50/week instead of $1000/week and be back at 1913 purchase power levels? Dollar value, interest rates, inflation are just tools that facilitate a glide path rather than hard/sharp changes. Not ideal, nothing is, the best of the available options.

[Bratnia]

13 hours ago, HerefordBullyun said:

https://www.zerohedge.com/markets/federal-reserve-does-not-own-gold

No, they are custodians, hold gold certificates that are non redeemable for gold. The Treasury own the gold, a.k.a the people. But gold is fiat nowadays, multiple times more paper gold than physical gold, so 'ownership' is ??? Possession however is typically considered to be 9/10ths of the law.

[Bratnia]

5 hours ago, HerefordBullyun said:

• The Moon’s subsurface is likely to contain precious metals, including gold and silver, although the exact distribution and concentrations are still unknown.

Sadly Neil Armstrong is no longer with us, so is unable to clarify just how many coins he'd lost

Of course there's gold there, its everywhere, created at the heart of exploding suns and ejected out along with all of the other elements. Will also coalesce as part of any planets/moons formation from those elements.

[Dankanugget]

Just now, Bratnia said:

Sadly Neil Armstrong is no longer with us, so is unable to clarify just how many coins he'd lost

Of course there's gold there, its everywhere, created at the heart of exploding suns and ejected out along with all of the other elements. Will also coalesce as part of any planets/moons formation from those elements.

I saw the movie...hate to break it to you but Bruce Willis stays there and dies.

[VGfine]

1 minute ago, Bratnia said:

Sadly Neil Armstrong is no longer with us, so is unable to clarify just how many coins he'd lost

Of course there's gold there, its everywhere, created at the heart of exploding suns and ejected out along with all of the other elements. Will also coalesce as part of any planets/moons formation from those elements.

Maybe Neil Armstrong could of told us how much gold there was in the desert where he filmed the moon landings 😂😉

[Dankanugget]

1 minute ago, Dankanugget said:

I saw the movie...hate to break it to you but Bruce Willis stays there and dies.

My bad it was an asteroid heading for Essex 

[Bratnia]

22 hours ago, Chronos said:

US Records 2nd Biggest July Deficit In History As 25% Of Tax Revenue Go To Pay Interest:

https://www.zerohedge.com/markets/july-budget-deficit-2nd-biggest-history-25-tax-revenue-go-pay-interest

How bad would it be if you were spending 25% of your monthly wage on servicing a mortgage? Zerohedge seems to have turned into a real doomster.

[Dankanugget]

Guys where I work are paying around 60% of their wages just on their mortgage.

[Bratnia]

1 minute ago, Dankanugget said:

Guys where I work are paying around 60% of their wages just on their mortgage.

Shortly after buying my first place mortgage interest rates rose to peak at more than 15%, which was more than 100%+ of my wage. Had to move back in with parents and rent the place for a while, along with working much overtime. Negative equity was common - property price/value had declined to being considerably less than the then market value, so selling would still have left you in considerable debt. Many had no other choice than to sell, those that manage to struggle through eventually saw things work out OK.