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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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15 hours ago, Gruff said:

Wrong thread Bully, but no, hanging it around ones neck and waving a white flag whilst pished on champagne...

You think I drink champagne. Only recycled pish in this household....

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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4 hours ago, Midasfrog said:

This chart might help Paul it applies to all metals , bake beans , toilet rolls , classic/collectors cars , houses and much more 😆

Screenshot_18-8-2024_102310_www.thesilverforum.com.jpeg

Not sell some after the bought-lows have risen to highs? So you have some dry powder to buy more again when prices are low again!

Anyone heard of Robert Lichello's AIM method? https://www.gummystuff.org/AIM.htm

This is its trading when applied to the FTSE250 

xscreenshot-20240818-T150338.png

xscreenshot-20240818-T150350.png

1999 for instance pre dot com bubble burst and you ran into that with 40% cash (maybe gold). At the 2003 dot com bubble lows it had you all-in. Pre 2008/9 financial crisis it had you at near 50% cash, and then all in again at the subsequent lows. More recently its suggesting prices are cheap. In contrast a US S&P500 AIM is suggesting prices are high (50%+ cash reserves being indicated).

Since the 1980's its bettered the FT250 total return, whilst having done so with 30% average cash.

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8 hours ago, Midasfrog said:

 

Screenshot_18-8-2024_8520_www.thesilverforum.com.jpeg

I bought Thomas Cook shares at one point when they were struggling (63p), They managed to sort out their debt and re finance, 3 months later they were 99p and repeatedly bouncing of the £1 mark so I sold out for a 50% profit, Happy days.

12 months later they were £3.60 😒

"To get to where I need to be, I start by walking away from where I am."

From the moment you are born, the number of people in the world who are older than you only ever gets smaller.

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Just now, dicker said:

Right gents.  Where are we heading at open and this week?

We had a strong finish on Friday so my guess is a down a bit in on Asia opening.    

in guessing we will see some new ATH’s this week.  

Be a smash tomorrow right down the fartpipe 

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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3 hours ago, dicker said:

Right gents.  Where are we heading at open and this week?

We had a strong finish on Friday so my guess is a down a bit in on Asia opening.    

in guessing we will see some new ATH’s this week.  

Could be 2kplus come October.

Edited by gji25
info

LFTV.  live from the vault.   Spot price is immaterial. its just an illusion.

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4 hours ago, gji25 said:

Food for thought 🍩 1 £ paper note/coin  versus 1 £ Gold coin . Both have the same face value of 1 £ .

Face value in real terms of the paper/coin  1£ = about 10p.

Face value of the 1£ Gold  coin = £462 .  Wakey Wakey

 

1pound v 1pound.jpg

Would you take 365 posted for both

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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