Gold Monitoring Thread £ GBP only

[Zhorro]

3 minutes ago, Thelonerangershorse said:

At the risk of appearing more of an idiot than usual, I'm going to say I don't expect any major movement in the gold price until the budget at the end of October.

Surely, the UK budget is irrelevant when it comes to world gold prices?  Labour will be trying to impress the City with its "prudence", and so the budget may lead to a strengthening of the Pound - thus making gold cheaper in Pound terms.

[Thomast]

Up up and away 🚀 

[Chronos]

40 minutes ago, James32 said:

Up 👍 

Down 😔 

Sideways?

Yes.

[James32]

Just now, Chronos said:

Yes I'm participating in my first baby oiled male wrestling match 

Nice

[jultorsk]

On 07/09/2024 at 02:25, ZRPMs said:

 pumping Silver 

reported

[Chronos]

8 minutes ago, James32 said:

Nice

I have never posted that.

[Bratnia]

£1520/oz anyone? https://www.bullionvault.co.uk/info/gold-sipp-pension-plan

Then just have to play the short in SIPP, long in ISA to migrate tax-free-on-the-way-in, to tax-free-on-the-way-out.

[jultorsk]

28 minutes ago, Zhorro said:

Labour will be trying to impress the City with its "prudence", and so the budget may lead to a strengthening of the Pound - thus making gold cheaper in Pound terms.

Gonna boldly predict hell freezes over before Labour impresses the City. 

[James32]

45 minutes ago, Chronos said:

I have never posted that.

Sure

[BLOOMMAN101]

[Paul]

10 hours ago, BLOOMMAN101 said:

Watch that price soar and rocket 🚀 up 

[HerefordBullyun]

4 minutes ago, Paul said:

Watch that price soar and rocket 🚀 up 

Wendy moon? Asking for a berty mcbert with fries....

[Paul]

5 minutes ago, HerefordBullyun said:

Wendy moon? 

A century very soon 

[HerefordBullyun]

Just now, Paul said:

A century very soon 

You're a poet and you didn't know it...

[artalien]

10 minutes ago, HerefordBullyun said:

Wendy moon

Hahaha

What a tease. Looker though. A fan of hedges and back street alleys. Nice girl.

£2000 when Trump is prez again

Edited September 9 by artalien
added moonshot prediction

[Thelonerangershorse]

11 hours ago, artalien said:

£2000 when Trump is prez again

So, no time soon then,

[Chronos]

Draghi Says Europe In Existential Danger Without Massive new Spending And Joint Debt; Germany Immediately Says "Nein":

https://www.zerohedge.com/markets/draghi-says-europe-existential-danger-without-massive-new-spending-and-joint-debt-germany

[bobski]

Live Gold Price

Au

Current Price

£1,916.65

Live Change

-0.01% £-0.14

Live high £1,916.95

 

Live low £1,916.41

[Bratnia]

2 hours ago, Chronos said:

Draghi Says Europe In Existential Danger Without Massive new Spending And Joint Debt; Germany Immediately Says "Nein":

https://www.zerohedge.com/markets/draghi-says-europe-existential-danger-without-massive-new-spending-and-joint-debt-germany

If/when the EU performs massive QE and buys up all of the stocks/bonds, where will investors invest? Old style land (houses) and gold perhaps? (Own one, rent one, gold as 'money' in contrast to a massively/repeatedly debased (fiat) 'currency').

Quote

In short, Europe is cooked unless it unleashes the biggest spending spree in its history, surpassing even the post WWII Marshall Plan, one that would also require pretty much constant QE (to monetize all the newly issued debt) and send gold and crypto to unprecedented highs.

Suggestions of European Dis-Union, printing trillions, accumulating to war, is hopefully just another zerohedge over pessimistic outlook. Even if 10% correct however and ... good for gold.

[BLOOMMAN101]

[James32]

£1922

[Dankanugget]

Just now, James32 said:

£1922

Good timings 

[James32]

1 minute ago, Dankanugget said:

Good timings 

I went with your predictions 😉 

[Dankanugget]

1 minute ago, James32 said:

I went with your predictions 😉 

Lol I went with mine aswell.

[SovereignBull]

News isn’t great! I guess for gold it is but this whole outrage about Iran giving Russia ballistic missiles is very hypocritical when we have been arming Ukraine for years!