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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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6 minutes ago, James32 said:

I wasn't even born yet. Not my fault. 

I thought you were Keith Richards dad

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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1 hour ago, Aldebaran said:

In October 2005 Chards were selling Gillicks for £65 🥳😆

Did they scratch the hell out of them back then, or is that a new service they provide?

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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I know we had that blip with the Hunt Bros but it makes you wonder about what's going to happen between Gold and Silver when, (the date range is 16/01/1970 to present )

Current Gold Price

£1,940.01 All time Change
13,300.64% £+1,925.53 All time high £1,940.01, All time low £14.48

Current Silver Price

£22.47 All time Change
2,807.29% £+21.70 All time high £29.26, All time low £0.51
 
There's been a 13,300 % increase in gold and only 2,807 % for silver. That's a massive difference. Can the price separation be attributed to both metals coming off the bi-metallic monetary system? I mean Gold and Silver have always been money historically or rather the measure of exchange. Now that we have Polymer sheets and Bytes The way metals are viewed more widely has changed, possibly for ever. Will the gap widen given that gold is now a tier 1 asset and silver is primarily an industrial metal? (or have I just got myself banned?)
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