Dreamcasting

Not Bailey.... he's cutting rates fairly soon because he knows best, apparently.

Gold now down 2.38%. Silver being absolutely punished - currently -4.6%! GBP coming under some real pressure right now also. It won't be long before it's back under 1.20 USD imo. Bailey will see to it.

PMs not doing well this morning. Gold down 1.7%, silver quite brutal at 3.51% A lot of the recent bidding up was because of the war in the middle east.

Just more salting the earth ready so that the next bunch in have to be the nasty one's who have to reverse it all.

The new £50 note is actually the new £20 note and belly boy knew this in 2021

All empty promises from a spiv, but if it does even gain minor traction, at least there will be a few more houses for sailor boys coming across the channel.

You make perfectly valid points, however this has been the exact same narrative for decades at this point yet nothing changes. We may well be looking at gold and silver accelerating to fair value, or we may see another 2011 where the price is smashed to smithereens and everyone sells off and the price stays in the doldrums for years. Remember, most idiots buy high and sell low. If ordinary people are just looking at making money over the long term, they're far better off just sticking it in world equity and keeping it there for +10 years imo. In the meantime, I'm happy to hold a fairly modest amount of gold and silver (worth around $150k today) for a "maybe, just maybe" speculative position, and because I bought very low. I have wealth spread out the best I can and i'm not relying on a "moonshot" in PM prices to suddenly make me a billionaire.

There's a 2011 vibe around at the moment. A lot of people got in really heavy at that time and the narrative was very similar to what we're seeing today. i.e. it's the end of fiat, USD, GBP and EUR about to die. It turns out that a lot of those johnny-come-latelys got their fingers burned badly back in 2011. Gold should probably be valued at $10k and silver $200 today. Whether Washington and London can continue to manipulate the price down remains to be seen.

90% of jobs in the UK? Someone putting together bullsh!t pp slides for corporate propaganda? The majority of public sector workers?

They don't pay exactly because they're non-jobs.

Gold was supposed to hit $5k over 10 years ago. Then when it didn't happen, it was a "sure bet" to hit $10k. Welcome to the world of Peter Schiff.

Gold was supposed to hit $5k over 10 years ago. Then when it didn't happen, it was a "sure bet" to hit $10k. Welcome to the world of Peter Schiff.

There won't be a resolution to resolving inequality imo. It's not a British-only thing anyway - it's actually far worse in the US for one. There's always going to be people who are hard done by. There's another cohort of individuals who FEEL hard done by which leads onto my next paragraph. I'm not going to call anyone out particularly, but this forum is overly full of whingers who feel the need to keep on making their same points over and over, when in actual fact a lot of the problems are THEM.

This forum has consistently said "not this time", year after year, yet here we are. Personally I don't care about hpi - already own house, no mortgage, no debt, not planning to move, but it has to be acknowledged that a lot of wealth will always be tied up in housing in the UK whether people like it or not.

Although to expand on my previous comment, the hpi will vary massively between regions. The NE for instance has a lot of hpi incoming. London not so much.

I don't agree with a lot of what you say, but on that point, I do (unfortunately).

My original thought was that rates would be increasing next year, however I've changed my mind on that based on recent data. My guess is maybe 1 0.25% cut at some point later this year and then chased down to land at 4.25% for the majority of 2025.

The UK isn't about to savage rates as says @Stewy. They will however be dropping to around 4.25%. Unfortunately, that's not really good news as far as the property market goes, assuming you're wanting lower prices.

I'm pleased I no longer have people management responsibilities. It was always easy to spot the players from the outset, and all of them eventually got their P45

This is inevitable imo. The UK economy is effectively just one big property market these days. We've seen pretty much static prices of late, however once rates are cut 3 or 4 times together with no signs of reduced immigration, I can see the market taking off again. You can't beat the UK property market medium to long term unless you're invested in it. Sad but true,

And: Good luck to Starmer if he thinks he's going to be able to inflate the UK out of this mess. We'll sure look forward to the higher interest rates however next year 😀

Agreed. Central banks are comprised of a bunch of knackers.

Most public sector workers can go on the sick for months at a time on full pay. Eventually half pay kicks in, but the idea is to have a couple of clean years until the clock "resets" rinsing the system again... and again.... and again

All industries are rife with incompetent buffoons commanding pay that is not justified based on their inability. These people would serve the country much better if they were in a role that is more appropriate for their ability, e.g. cleaning, food factory etc. The UK suffers from very low productivity and doesn't offer value for money. Going forward, we will see far more companies weed out ineffective over-paid morons, if for no other reason but to try and save their business in a normalised interest rate world. A lot of these types of people think they're entitled to pay raises because of the cost of living and not because they think they're actually worth it.

Indeed. People, particularly on this forum I've noticed only have the ability to look at the propaganda headline figures without actually critically analysing the missing detail that they're too lazy or maybe stupid to find out. Back in the real world, ordinary people look at their ever increasing costs compared with the "official" inflation figures and tell themselves "wait, something isn't adding up here".