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Lepista

Gold Consistently Increased £400 / Oz

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Nobody knows? Surely not! :unsure:

The chart won't open for me but I dont need to see it.

Are you serious?

If yes then welcome to the alternative reality of people that woke up.

Gold id gold. It is a metal that has a monetary value. Gold is a commodity that is traded and affected at certain times of the year, trading patterns and events. But it is largely regarded as something like a stable global currency.

You are not seeing gold rise in value but currencies fall against it. Think of gold being something like the dollar when you look at the sterling price. It isnt rising but rather the value of sterling against gold is falling.

The value of sterling is falling for a number of obvious reasons - everything that would affect the forex market.

Print more money and it becomes worth less. Compare it to something trusted and it falls in value against it.

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The chart won't open for me but I dont need to see it.

Are you serious?

If yes then welcome to the alternative reality of people that woke up.

Gold id gold. It is a metal that has a monetary value. Gold is a commodity that is traded and affected at certain times of the year, trading patterns and events. But it is largely regarded as something like a stable global currency.

You are not seeing gold rise in value but currencies fall against it. Think of gold being something like the dollar when you look at the sterling price. It isnt rising but rather the value of sterling against gold is falling.

The value of sterling is falling for a number of obvious reasons - everything that would affect the forex market.

Print more money and it becomes worth less. Compare it to something trusted and it falls in value against it.

I understand that, I'm just intrigued that the rise is so consistent. It's virtually a straight line increase for the last 2-3 years.

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I understand that, I'm just intrigued that the rise is so consistent. It's virtually a straight line increase for the last 2-3 years.

ofcourse it is, we have gone from one disaster to another, banks going bust, billions being printed, countries going bust. There was/is a scramble to get cash converted into something safer.

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from a technical point of view, their is a strong symmetrical pattern in the gold bull run, hence yoy there is upward movement. the related sterling price to dollar is variable of course, but when gold took a pounding in 2008, so did the pound

ausymmetry.gif

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Can anybody explain to me why this has been so stready?

Sure, there have been a few little jumps here and there, but looking at the 5-year graph (http://www.bullionvault.com/gold-price-chart.do), it is surprisingly straight the last 2 1/2 -3 years.

Why?

Consistently increased £400/oz? Not sure what you mean by that :unsure: But I'm not complaining about the rise.

Notice that every one of the dips was the end of the bull market according to those that don't "get" gold. It has certainly made fools out of many of the amateur economists on the main HPC forum (no names).

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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