Gold Monitoring Thread £ GBP only

[mik]

£2000 per troy ounce. Wow!...but of no consequence at all to most folk. 

[James32]

3 minutes ago, mik said:

£2000 per troy ounce. Wow!...but of no consequence at all to most folk. 

£1996 buy the dip

[gji25]

1 hour ago, Chronos said:

Didn't helped them. They (soldiers) all died.

Not really. They were acting

[PapaLazarou]

[gji25]

41 minutes ago, stefffana said:

Smoking break for traders...

 

[HerefordBullyun]

[bobski]

Live Gold Price

Au

Current Price

£1,996.00

Live Change

-0.09% £-1.68

Live high £1,998.08

 

Live low £1,995.93

A superb year 1996

[bobski]

Live Gold Price

Au

Current Price

£1,996.01

Live Change

-James is gay% £-1.39

Live high £1,998.08

 

Live low £1,995.90

Create Price Alerts

[jackflash123]

1 hour ago, mik said:

£2000 per troy ounce. Wow!...but of no consequence at all to most folk. 

It's great to see gold reach £2000 per oz, considering it was apx £1500 12 months ago.

That equates to a 33% increase in value in just 1 year.

However I wonder if gold is actually becoming more valuable, or is the purchasing power of the fiat currency actually becoming less? Meaning it requires more paper money to buy the same amount of the precious metal compared with 12 months ago.

It could be a bit of both, however I fear that pound notes are losing value at an ever quickening rate 🤔

[HerefordBullyun]

25 minutes ago, jackflash123 said:

It's great to see gold reach £2000 per oz, considering it was apx £1500 12 months ago.

That equates to a 33% increase in value in just 1 year.

However I wonder if gold is actually becoming more valuable, or is the purchasing power of the fiat currency actually becoming less? Meaning it requires more paper money to buy the same amount of the precious metal compared with 12 months ago.

It could be a bit of both, however I fear that pound notes are losing value at an ever quickening rate 🤔

There's many factors.

Increased inflation at very fast rates.

Increased Debt to  GDP country ratios.

Wars going on around the world.

Excessive spending even in times where countries are on the brink of recession.

Increase in sales of physical gold including central banks.

Devaluation of many currencies and weaknesses.

Bond yield rates hitting highs.

Cutting Central Bank interest rates and more QE printing ahead.

More countries adoption to modern monetary theory. Like japanification economics.

Lies on cpi  and jobs figures.

Bond and mortgage default bubbles ahead.

BRICS adoption of gold backed currency.

Dedollorization more countries refusing the dollar.

currency wars. Read james rickards book.

 

And last and not least @James32 continued hoovering of cheap bargains under spot. And his wife @katyc emptying her Hoover and flogging gold on his behalf...

Me buying at the top and selling at the bottom...

@Paul asking wen moon?

@GoldDiggerDave cashing in his bisto shares.

@stefffana dominating the silver balanese lead market and flogging it to india at spot price.

@LawrenceChard offering free post on orders over 100k.

 

 

 

Edited Thursday at 00:10 by HerefordBullyun

[gji25]

10 minutes ago, HerefordBullyun said:

There's many factors.

Increased inflation at very fast rates.

Increased Debt to  GDP country ratios.

Wars going on around the world.

Excessive spending even in times where countries are on the brink of recession.

Increase in sales of physical gold including central banks.

Devaluation of many currencies and weaknesses.

Bond yield rates hitting highs.

Cutting Central Bank interest rates and more QE printing ahead.

More countries adoption to modern monetary theory. Like japanification economics.

Lies on cpi  and jobs figures.

Bond and mortgage default bubbles ahead.

BRICS adoption of gold backed currency.

Dedollorization more countries refusing the dollar.

currency wars. Read james rickards book.

 

And last and not least @James32 continued hoovering of cheap bargains under spot. And his wife @katyc emptying her Hoover and flogging gold on his behalf...

Me buying at the top and selling at the bottom...

@Paul asking wen moon?

@GoldDiggerDave cashing in his bisto shares.

@stefffana dominating the silver balanese lead market and flogging it to india at spot price.

@LawrenceChard offering free post on orders over 100k.

 

 

 

You forgot to mention the Alien connection 😃

[Bratnia]

11 hours ago, ant1882 said:

The price in the last hour has gone nuts, what happened???

Price of what!

At the end of 2009 a ounce of gold bought 65 ounces of silver
9.5 ounces of gold bought a Dow Jones Industrial Average stock index share

At the end of 2023 a ounce of gold bought 87 ounces of silver
18.3 ounces of gold bought a Dow stock index share

Recently a ounce of gold buys 84 ounces of silver
15.75 ounces of gold to buy a Dow stock index share

Since the end of 2009 in gold terms Dow shares have become more expensive, silver has become cheaper

This year calendar year (2024) and silver has become more expensive, Dow shares have become cheaper

More broadly and at around 84 ounces of silver for a ounce of gold and silver is relatively cheap (gold relatively expensive)

 

[HerefordBullyun]

31 minutes ago, Bratnia said:

Price of what!

At the end of 2009 a ounce of gold bought 65 ounces of silver
9.5 ounces of gold bought a Dow Jones Industrial Average stock index share

At the end of 2023 a ounce of gold bought 87 ounces of silver
18.3 ounces of gold bought a Dow stock index share

Recently a ounce of gold buys 84 ounces of silver
15.75 ounces of gold to buy a Dow stock index share

Since the end of 2009 in gold terms Dow shares have become more expensive, silver has become cheaper

This year calendar year (2024) and silver has become more expensive, Dow shares have become cheaper

More broadly and at around 84 ounces of silver for a ounce of gold and silver is relatively cheap (gold relatively expensive)

 

 Agreed the 3 most undervalued commodities are silver platinum and uranium.   

[bobski]

Live Gold Price

Au

Current Price

£1,993.24

Live Change

-0.03% £-0.50

Live high £1,993.93

 

Live low £1,992.76

[Gruff]

 

[GoldDiggerDave]

6 hours ago, jackflash123 said:

It's great to see gold reach £2000 per oz, considering it was apx £1500 12 months ago.

That equates to a 33% increase in value in just 1 year.

However I wonder if gold is actually becoming more valuable, or is the purchasing power of the fiat currency actually becoming less? Meaning it requires more paper money to buy the same amount of the precious metal compared with 12 months ago.

It could be a bit of both, however I fear that pound notes are losing value at an ever quickening rate 🤔

To answer your question yes, that what inflation is it requires more of your "time tokens"  aka money to buy the same goods and services.  

And the reason why I call them "time tokens"  its really you and your time that inflation make less valuable.   Go back last year couple of years and work out how many days you had to work to pay the rent or the monthly mortgage payment, anything a tin a beans even ! And compare how much time yo have to work today to pay for them today. 

Inflation is an accepted form of uncontrolled taxation the plebs just blindly accept.     Now image a world where prices never changed, however  inflation is reflected in your  reduced monthly pay.   eg your take home was £2,100 but the news said due to covid you can only walk out with £1,500 per month now for your time and effort......oh wait news coming in, war Israel....You are only getting £1,350 now per month........Kier's budget is coming 30th October....Better start looking for some overtime just so you could afford the same goods and services you could buy this summer!

If this happen there would be rioting in the streets, It's exactly whats happens   Inflation = you and your time is worth less so you have to work more hours  for the same goods and services. 

 

 

 

 

[HerefordBullyun]

13 minutes ago, GoldDiggerDave said:

To answer your question yes, that what inflation is it requires more of your "time tokens"  aka money to buy the same goods and services.  

And the reason why I call them "time tokens"  its really you and your time that inflation make less valuable.   Go back last year couple of years and work out how many days you had to work to pay the rent or the monthly mortgage payment, anything a tin a beans even ! And compare how much time yo have to work today to pay for them today. 

Inflation is an accepted form of uncontrolled taxation the plebs just blindly accept.     Now image a world where prices never changed, however  inflation is reflected in your  reduced monthly pay.   eg your take home was £2,100 but the news said due to covid you can only walk out with £1,500 per month now for your time and effort......oh wait news coming in, war Israel....You are only getting £1,350 now per month........Kier's budget is coming 30th October....Better start looking for some overtime just so you could afford the same goods and services you could buy this summer!

If this happen there would be rioting in the streets, It's exactly whats happens   Inflation = you and your time is worth less so you have to work more hours  for the same goods and services. 

 

 

 

 

This!

When I mentored a load of summer internships all studying their masters in computer science. All very bright kids and I'm stood there as thier line manager an ex squaddie. No qualifications and council estate kid. Bit of Life experience etc. 

I asked them this question.

What is the single most valued thing you have in your life apart from money, career,  mental and physical health, family, friends and happiness.

None of them could answer it. It is exactly this. Your time. Your productivity. How you invest in yourself and learn grow,  in the above list. Your Time is the most valuable asset and by the current economic model it gets eaten up more.

Edited Thursday at 06:42 by HerefordBullyun

[Paul]

9 hours ago, SyCstacker said:

 

By default, does looking at the gold price graph via Royal Mint make it more expensive? 

( Asking for a friend )

[HerefordBullyun]

1 minute ago, Paul said:

By default, does looking at the gold price graph via Royal Mint make it more expensive? 

( Asking for a friend )

just add more zeros on the gold chart then you get more realistic RM prices at a discount......

[Paul]

13 minutes ago, HerefordBullyun said:

just add more zeros on the gold chart then you get more realistic RM prices at a discount......

👍 Thanks. The help and free guidance you get on this forum is invaluable at times 

Edited Thursday at 07:24 by Paul

[HerefordBullyun]

4 minutes ago, Paul said:

👍 Thanks. The help and free guidance you get on this forum is invaluable at times 

If you want more money saving tips just buy a lump of silver youll be rich in a 1000 years ........

Also wear your underpants for a week and then turn then inside out and wear for another week - youll save a fortune on laundry bills and leccy...

Martin Lewis has nothing on me....

Wen moon?

Edited Thursday at 07:28 by HerefordBullyun

[SyCstacker]

14 minutes ago, Paul said:

By default, does looking at the gold price graph via Royal Mint make it more expensive? 

( Asking for a friend )

Absolutely….. make everyone else graphs look like a bargain 😁

[Paul]

2 minutes ago, SyCstacker said:

Absolutely….. make everyone else graphs look like a bargain 😁

Even BBP's ! 

[SyCstacker]

1 minute ago, Paul said:

Even BBP's ! 

🤣you got me there… I can’t afford to log on their website again … I’d be permanently blinded by such high prices 

[theman73]

9 minutes ago, HerefordBullyun said:

If you want more money saving tips just buy a lump of silver youll be rich in a 1000 years ........