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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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To be honest, I'd take £2075 into the close. That's still an amazing close for the week

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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Wen £1m an oz?

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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The price dipped because UK retail sales were higher than expected which means the pound rose because rates might stay higher for longer.

Obviously this means everyone should buy as much physical gold as possible this quarter so that when the next retail sales figures are released they're elevated by all the gold purchasing, creating an even bigger dip which will be a massive buying opportunity.

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8 minutes ago, Joshua723 said:

UK retail sales were higher than expected

 Do those two-bob economists/financial hacks expect sales figures not to rise when prices go up, even alongside falling demand, or is this fact just wilfully (deceitfully) ignored?

(Rhetorical).

‘Let all the poisons that lurk in the mud hatch out.’

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