Gold Monitoring Thread £ GBP only

[Kookaburracollector]

@Nick1368 could you go back to bed please 😂 

[HighlandTiger]

On 16/06/2019 at 11:27, goldmember44 said:

We have really sunken low. I can't remember a time when the US was so blatantly open about hurting other countries' economies. I mean they've probably effectively done the same before, but under guises...not openly trying to hurt or even shut down their economies. And we don't know which country will be targeted next. Even so-called "allies" are not immune. Definitely a time for gold to shine.

You've obviously only just started to take interest in world news, The US have been doing this since the second world war. The whole world effectively voted in the US as the worlds police force, whether they wanted to accept or not. And they've been holding rogue states in check with sanctions ever since. The difference today, is not the tactics but the 24/7 media that shines a light on it. In the past the only access to this sort of news was the evening news bullitens on TV and radio and a news story the bottom of page 2 of the papers. Today its in your face on twitter and facebook  

[goldmember44]

23 minutes ago, HighlandTiger said:

The US have been doing this since the second world war. The whole world effectively voted in the US as the worlds police force, whether they wanted to accept or not. And they've been holding rogue states in check with sanctions ever since. The difference today, is not the tactics but the 24/7 media that shines a light on it.

What is new though, is even their *allies* threatened with sanctions. That's without precedent. Also, you'd be well advised that not all adversaries of the US are automatically "rogue states"... and that some of its close buddies are in fact real rogue states... 

[HighlandTiger]

2 hours ago, goldmember44 said:

What is new though, is even their *allies* threatened with sanctions. That's without precedent. Also, you'd be well advised that not all adversaries of the US are automatically "rogue states"... and that some of its close buddies are in fact real rogue states... 

So what "sanctions" are being threatened on allies. I must have missed that story 

[Ansel]

£1086! Are we going £1100+ soon?

[Bumble]

@HighlandTiger The USA has not threatened sanctions as such, but it has warned Germany that if it persists in buying gas from Russia rather than the USA, and if it attempts to bypass the sanctions against Iran, then the USA may withdraw its military protection from Germany and move its troops to Poland. Trade tariffs are another form of threat. The USA is trying to whip its allies into line, which is a relatively recent departure from previous policy.

[HighlandTiger]

15 minutes ago, Bumble said:

@HighlandTiger The USA has not threatened sanctions as such, but it has warned Germany that if it persists in buying gas from Russia rather than the USA, and if it attempts to bypass the sanctions against Iran, then the USA may withdraw its military protection from Germany and move its troops to Poland. Trade tariffs are another form of threat. The USA is trying to whip its allies into line, which is a relatively recent departure from previous policy.

So you think that the US doesn't have a right to say to Germany, if you don't buy our gas, we are not going to spend billions of dollars protecting you.

I'm sorry but in with the US on this one. The US have carried NATO for too long and it's time Europe started paying it's way. Why should the US taxpayer have to keep bailing out Europe.

Trade tariffs are another kettle of fish, and the US have been proverbially screwed by deals brokered by previous presidents. 

So in other words, the US is not putting sanctions on its allies, but rather asking them to actually pay their way for the first time in history. 

[goldmember44]

2 minutes ago, HighlandTiger said:

So you think that the US doesn't have a right to say to Germany, if you don't buy our gas, we are not going to spend billions of dollars protecting you.

I'm sorry but in with the US on this one. The US have carried NATO for too long and it's time Europe started paying it's way. Why should the US taxpayer have to keep bailing out Europe.

Trade tariffs are another kettle of fish, and the US have been proverbially screwed by deals brokered by previous presidents. 

So in other words, the US is not putting sanctions on its allies, but rather asking them to actually pay their way for the first time in history. 

Protect from what? Trust me, Russia isn't going to invade Germany tomorrow. They don't need US protection. Perhaps one of these days they'll need Russian protection against the US?

[HighlandTiger]

5 minutes ago, goldmember44 said:

Protect from what? Trust me, Russia isn't going to invade Germany tomorrow. They don't need US protection. Perhaps one of these days they'll need Russian protection against the US?

Maybe not, but Russia may continue chipping away at the edges, (Crimea etc), if it feels no-one will stop it. This can cause people in the old Soviet states to worry and maybe move on masse further west. Causing population movement problems. I have friends from Serbia who are seriously worried that Russia will become emboldened and start interfering in their country again. And I believe them more than any media denial from Putin and his cronies. 

 

[Bumble]

@HighlandTIger I'm not trying to say that the USA should or should not react to Germany in the way it is. I'm just pointing out that the USA is for the first time threatening measures against its allies. This may lead to a rift with Europe and whatever interests the USA has, they do not include pushing Europe into closer economic ties with Russia and China.

[goldmember44]

1 minute ago, HighlandTiger said:

Maybe not, but Russia may continue chipping away at the edges, (Crimea etc), if it feels no-one will stop it. This can cause people in the old Soviet states to worry and maybe move on masse further west. Causing population movement problems. I have friends from Serbia who are seriously worried that Russia will become emboldened and start interfering in their country again. And I believe them more than any media denial from Putin and his cronies. 

 

Go ahead if you want to drink the Kool Aid of this corrupt media and politicians. I certainly don't, I draw my own conclusions from facts and I certainly don't subscribe to the "Russia is so evil, we have to keep them in check, or else!!11" narrative.  I actually also have friends from Serbia, they are not Russophobic. 

[HighlandTiger]

Just now, goldmember44 said:

Go ahead if you want to drink the Kool Aid of this corrupt media and politicians. I certainly don't, I draw my own conclusions from facts and I certainly don't subscribe to the "Russia is so evil, we have to keep them in check, or else!!11" narrative.  I actually also have friends from Serbia, they are not Russophobic. 

As one of the few people on this forum who has actually visited the old Soviet Union, and modern day Russia, I make my conclusions from what I see and hear from on the ground with my own eyes.  And whether you wish to believe me or not, there is not much difference politically between the old and new regimes.

[PansPurse]

You know, it would be fascinating to look through the IP addresses of the folks posting on this thread...

[goldmember44]

Just now, HighlandTiger said:

As one of the few people on this forum who has actually visited the old Soviet Union, and modern day Russia, I make my conclusions from what I see and hear from on the ground with my own eyes.  And whether you wish to believe me or not, there is not much difference politically between the old and new regimes.

I've actually heard the opposite... sorry, I don't believe you. It's nothing personal but I know that people get worked up about this politics stuff, especially when Russia is involved, and make all sorts of claims.

But actually, I am here on the silver forum to enjoy myself and discuss things like gold, silver etc... not get into political debates. Plenty of other opportunities for that. So I'm going to withdraw from this discussion, it always gets unpleasant.

[HighlandTiger]

7 minutes ago, goldmember44 said:

I've actually heard the opposite... sorry, I don't believe you. It's nothing personal but I know that people get worked up about this politics stuff, especially when Russia is involved, and make all sorts of claims.

But actually, I am here on the silver forum to enjoy myself and discuss things like gold, silver etc... not get into political debates. Plenty of other opportunities for that. So I'm going to withdraw from this discussion, it always gets unpleasant.

No problems, the world would be a sadder place if everyone agreed with everyone else.

 

[HighlandTiger]

11 minutes ago, PansPurse said:

You know, it would be fascinating to look through the IP addresses of the folks posting on this thread...

If you are infering I'm not who I say I am, I think the people who have bought and sold gold from and to will soon burst your tin foil bubble. I can easily be found online within seconds. I have quite a large presence online on a certain fortean topic.

[mr-dead]

will we see £1100 today, someone is mashing the buy button out there

[HighlandTiger]

21 minutes ago, mr-dead said:

will we see £1100 today, someone is mashing the buy button out there

I'm convinced this big jump is all down to the Iranians downing that US drone. Gold always goes up when war is in the offing. 

[Roy]

I've been buying gold on a hobby basis now for five years.

I think the forum has also been running for five years,

but more importantly...

It's been a good 5 years!

Still buying!

[DarkChameleon]

9 minutes ago, Bullionbill01 said:

Would anyone have the balls to sell their gold and buy silver now??

The ratio is still the same...one reason to exchange and not sell to buy...people will deal on spot value and not the 10% dealer buy and then 10% dealer sell...im not against dealing gold for silver, hell I have an offer out there.

---

Added 0 minutes later...

8 hours ago, Roy said:

I've been buying gold on a hobby basis now for five years.

I think the forum has also been running for five years,

but more importantly...

It's been a good 5 years!

Still buying!

I've been buying for over 30 years...my graph doesn't look the same...lol.

[goldmember44]

59 minutes ago, Bullionbill01 said:

Would anyone have the balls to sell their gold and buy silver now??

Not me. I'll keep the gold, and use other money, when I get some, to buy silver. I like the yellow stuff too much

[HawkHybrid]

1 hour ago, Bullionbill01 said:

Would anyone have the balls to sell their gold and buy silver now??

 

why?

currently there is no data to suggest we are already

in or about to start immediately the next bull market

in pm's where silver should start outperforming gold.

if you believe pm's have more upside then keep on

holding gold. if you believe the metals are due a

pullback very soon then sell some gold.

there is currently no data to suggest that you should

be buying silver yet. the trade is still all about gold.

it's not about having the balls, that strategy simply

doesn't work.

 

HH

Edited June 20, 2019 by HawkHybrid

[DarkChameleon]

17 minutes ago, HawkHybrid said:

 

why?

currently there is no data to suggest we are already

in or about to start immediately the next bull market

in pm's where silver should start outperforming gold.

if you believe pm's have more upside then keep on

holding gold. if you believe the metals are due a

pullback very soon then sell some gold.

there is currently no data to suggest that you should

be buying silver yet. the trade is still all about gold.

it's not about having the balls, that strategy simply

doesn't work.

 

HH

The record for gold is about 30% over the present but silver is some 200% over today's price...it would suggest that as silver is the pm of the poor that it could be effected more by public perception then gold..even though i recall it going from $900 to $1700 in a hurry helped by the mainstream media to no ends..I think it was more word of mouth and silver dealers who pumped up silver, if the mainstream media decided to promote the rise in silver it would out perform gold very very quickly.

Edited June 20, 2019 by DarkChameleon

[HawkHybrid]

3 minutes ago, DarkChameleon said:

if the mainstream media decided to promote the rise in silver it would out perform gold very very quickly.

 

taking a position is about calculated odds of

success. if I win the lottery...

timing is about time and not price. the data suggests

that during the last bull run 2002-2011 gold

outperformed silver during the early years of that bull

market. time will tell if we see a repeat in the next

bull run. what we do know currently is that gold has

been outperforming silver on the move up so far from

august 2018 lows. this can be seen in the rise in the gsr

during a time when both metals have gone up. from

this data it is still certainly possible that gold could

outperform silver for months yet if not years.

 

potential to outperform means nothing, as I can

only make do with what I have at hand. some

ratios can stay disconnected for generations.

silver might revert back to the mean but will I be

alive to witness it?

people can't trade on 'ifs'. 

 

HH

[DarkChameleon]

5 minutes ago, HawkHybrid said:

 

taking a position is about calculated odds of

success. if I win the lottery...

timing is about time and not price. the data suggests

that during the last bull run 2002-2011 gold

outperformed silver during the early years of that bull

market. time will tell if we see a repeat in the next

bull run. what we do know currently is that gold has

been outperforming silver on the move up so far from

august 2018 lows. this can be seen in the rise in the gsr

during a time when both metals have gone up. from

this data it is still certainly possible that gold could

outperform silver for months yet if not years.

 

potential to outperform means nothing, as I can

only make do with what I have at hand. some

ratios can stay disconnected for generations.

silver might revert back to the mean but will I be

alive to witness it?

people can't trade on 'ifs'. 

 

HH

Every person trades on is of they'd be after the market, if amazon picks up 5% market share in emerging markets it's price willrise, if Congress hampers monopoly it's price will fall, we bet on things like that every day..or we'd be the ones the money makers sell to and not buy from...not much fun being that one.