Gold Monitoring Thread £ GBP only

[bobski]

Just now, Roy said:

I bought gold @ £800 and sold it @ £1000.

How clever was I? 😊

Wait, now it's £1955...

very clever if you bought it again the day after at £950

[Roy]

You like to gamble, I don't.

It's me age 😇

[bobski]

1 minute ago, Roy said:

You like to gamble, I don't.

It's me age 😇

I like to buy silver in bulk and make a profit. I like to spend that profit on gold

It's me autism 🤣

[Roy]

Vaulting or ETF?

Not physical, surely?

[bobski]

5 minutes ago, Roy said:

Vaulting or ETF?

Not physical, surely?

Physical

[Roy]

You've solved VAT and postage issues?

[Roy]

16 minutes ago, Roy said:

You've solved VAT and postage issues?

Why don't you share your secret?

[Gruff]

https://www.moneymetals.com/news/2024/09/12/saudi-central-bank-caught-secretly-buying-160-tonnes-of-gold-in-switzerland-003458

[JohnyBGold]

40 minutes ago, bobski said:

https://www.youtube.com/live/xsO4u00L2YY?si=N-WDNC7P8As_6jko

My Officers CANNOT Work With You FILMING 👀👮🏽‍♀️👥📸❌ (youtube.com)

No longer acting as police officers, just out to B.S, bully, intimidate, and extort money from people. Their true colors are on full display these days. "People are on board with it"??? What nonsense. People believe they live in a free society with a voic what a farce. In reality, we’re inching closer to a Bolshevik like system, no longer even controlled from within our own country, all under the guise of the classic public health and safety.

 

[Roy]

2 minutes ago, JohnyBGold said:

No longer acting as police officers, just out to B.S, bully, intimidate, and extort money from people. Their true colors are on full display these days. "People are on board with it"??? What nonsense. People believe they live in a free society with a voic what a farce. In reality, we’re inching closer to a Bolshevik like system, no longer even controlled from within our own country, all under the guise of the classic public health and safety.

 

'If you tolerate this, then your children will be next.'

A Welsh chap.

[GoldDiggerDave]

At what price per oz will give you and your family a significant quality of life change?   This is different for all people,  for example if you have 180k left on your mortgage and you hold 20 oz of gold (is this a reasonable stack?)  you need gold at £9000 per oz to clear your mortgage or gold at 4.5k if you are holding 40oz .    In the mean time  180k debt most today would be paying 9.9k per year in interest payments servicing that debt per year while slowly compounding that down depending on the term time.   

If you have debt,  is that debt that you are servicing per year greater or less then than your gold sack is rising? (dependant on the size of each)    Its great to aim or have a positive offset here,  those who have held for a good number of years are likely to be quids in and have a positive offset ie their  gold holdings is increasing more per year than the debt if any they are servicing.

New stackers......the current financial challenges and inflation is going to make it far harder of those to buy and hold gold going forward,  do most people have a spare 2k+ per month for 1oz of gold or even £460+ for a sov?    its a bigger mountain to climb in 2024 than it was in 2017 for example as we are in a totally different financial climate.   The cost servicing 180k  back in 2017 were only likely to be paying around 2k per year in interest payments it  was £197 to buy a sovereign and around 1k per oz.  

People say buy in the dip, don't disagree however some don't take into account their personal circumstances and the financial climate they are in.  

There will be a point  were people are holding gold and driving down debt were it tips positively in their favour where there debt liabilities become less than gold is rising.  (biggest impacts here is the variable interest rates and term time )   Would be an interesting  for a gold stacker with a mortgage/debt to look at.  

 

 

 

 

Edited September 13 by GoldDiggerDave

[JohnyBGold]

Just now, Roy said:

'If you tolerate this, then your children will be next.'

A Welsh chap.

Its well under way innit? Even myself (now in 40s) until i sniffed a breeze one day and went this is a fkn set-up. Been trying to re-educate ever since and I'm not one the quickest of learners.  

[Petra]

🤔just keep buying whatever you can afford……🤔😮

[JohnyBGold]

10 minutes ago, GoldDiggerDave said:

At what price per oz will give you and your family a significant quality of life change?   This is different for all people,  for example if you have 180k left on your mortgage and you hold 20 oz of gold (is this a reasonable stack?)  you need gold at £9000 per oz to clear your mortgage or gold at 4.5k if you are holding 40oz .    In the mean time  180k debt most today would be paying 9.9k per year in interest payments servicing that debt per year while slowly compounding that down depending on the term time.   

If you have debt,  is that debt that you are servicing per year greater or less then than your gold sack is rising? (dependant on the size of each)    Its great to aim or have a positive offset here,  those who have held for a good number of years are likely to be quids in and have a positive offset ie their  gold holdings is increasing more per year than the debt if any they are servicing.

New stackers......the current financial challenges and inflation is going to make it far harder of those to buy and hold gold going forward,  do most people have a spare 2k+ per month for 1oz of gold or even £460+ for a sov?    its a bigger mountain to climb in 2024 than it was in 2017 for example as we are in a totally different financial climate.   The cost servicing 180k  back in 2017 were only likely to be paying around 2k per year in interest payments and is was £197 to buy a sovereign and around 1k per oz.  

People say buy in the dip, don't disagree however some don't take into account their personal circumstances and the financial climate they are in.  

There will be a point  were people are holding gold and driving down debt were it tips positively in their favour where there debt liabilities become less than gold is rising.  (biggest impacts here is the variable interest rates and term time )   Would be an interesting  for a gold stacker with a mortgage/debt to look at.  

 

 

 

 

I'm a relatively new stacker, more like playing in the conference league, to use a football analogy. I’ve thought about this a lot, and it does put a bit of a damper on the gold-buying experience. You’re essentially hoping prices don’t rise too much, because if they do, it just becomes more expensive to keep stacking kind of the opposite of what you want to happen. It's a real double-edged sword.

Great for the those owning stacks and all pleased for them.... I really am 😃🤬👍

 

Edited September 13 by JohnyBGold

[Paul]

40 minutes ago, GoldDiggerDave said:

At what price per oz will give you and your family a significant quality of life change?   This is different for all people,  for example if you have 180k left on your mortgage and you hold 20 oz of gold (is this a reasonable stack?)  you need gold at £9000 per oz to clear your mortgage or gold at 4.5k if you are holding 40oz .    In the mean time  180k debt most today would be paying 9.9k per year in interest payments servicing that debt per year while slowly compounding that down depending on the term time.   

If you have debt,  is that debt that you are servicing per year greater or less then than your gold sack is rising? (dependant on the size of each)    Its great to aim or have a positive offset here,  those who have held for a good number of years are likely to be quids in and have a positive offset ie their  gold holdings is increasing more per year than the debt if any they are servicing.

New stackers......the current financial challenges and inflation is going to make it far harder of those to buy and hold gold going forward,  do most people have a spare 2k+ per month for 1oz of gold or even £460+ for a sov?    its a bigger mountain to climb in 2024 than it was in 2017 for example as we are in a totally different financial climate.   The cost servicing 180k  back in 2017 were only likely to be paying around 2k per year in interest payments and is was £197 to buy a sovereign and around 1k per oz.  

People say buy in the dip, don't disagree however some don't take into account their personal circumstances and the financial climate they are in.  

There will be a point  were people are holding gold and driving down debt were it tips positively in their favour where there debt liabilities become less than gold is rising.  (biggest impacts here is the variable interest rates and term time )   Would be an interesting  for a gold stacker with a mortgage/debt to look at.  

Usary, the invisible shackles that keep the 95% enslaved working and the status quo of society functioning and not rebelling causing issues for the money changers up at the very top of the 0.01%

Thomas Jefferson - 3rd President of the United States:

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

 

[bobski]

Live Gold Price

Au

Current Price

£1,956.30

Live Change

0.10% £+1.84

Live high £1,956.61

 

Live low £1,954.18

[Gruff]

Just now, bobski said:

Live Gold Price

Au

Current Price

£1,956.30

Live Change

0.10% £+1.84

Live high £1,956.61

 

Live low £1,954.18

Well into ATH in GBP (not adjusted for inflation)

[FriedrichVonHayek]

1 hour ago, Roy said:

You've solved VAT and postage issues?

If you buy scrap Silver it's much easier to make a profit as you can often buy well under spot.

I bet @stefffanahas done very well buying Silverware.

Edited September 13 by FriedrichVonHayek

[Joshua723]

Several central banks making interest rate decisions next week some of which could go either way. Once that uncertainty is removed the market will react either way.

[Roy]

3 minutes ago, FriedrichVonHayek said:

If you buy scrap Silver it's much easier to make a profit as you can often but well under spot.

I bet @stefffanahas done very well buying Silverware.

I hear he's the second richest man in Romania, behind Andrew Tate?

[HerefordBullyun]

2 minutes ago, Joshua723 said:

Several central banks making interest rate decisions next week some of which could go either way. Once that uncertainty is removed the market will react either way.

I can guarantee you they are cutting interest rates and the FED is doing 50 base points,

[Paul]

13 minutes ago, bobski said:

Live Gold Price

Au

Current Price

£1,956.30

Live Change

0.10% £+1.84

Live high £1,956.61

 

Live low £1,954.18

Ooooh hello ! 

[Gruff]

6 minutes ago, Joshua723 said:

Several central banks making interest rate decisions next week some of which could go either way. Once that uncertainty is removed the market will react either way.

As the ECB has cut, the general consensus will be that rates will be cut into the year end, that will be good for Gold as Government Bonds become less favourable due to a lower return. 

[Paul]

We are now nearer to £2000oz than £1900  🍾 🥂 

[James32]

1 minute ago, Paul said:

We are now nearer to £2000oz than £1900  🍾 🥂 

And closer to £1000 than £4000