APerson Posted June 17, 2019 Share Posted June 17, 2019 FYI gold is mooning right now. Quote Link to comment Share on other sites More sharing options...
Errol Posted June 18, 2019 Share Posted June 18, 2019 Very good piece by Alasdair Macleod - well worth a read: For those who don’t understand inflation https://www.goldmoney.com/research/goldmoney-insights/for-those-who-don-t-understand-inflation Quote Link to comment Share on other sites More sharing options...
Errol Posted June 18, 2019 Share Posted June 18, 2019 On 28/05/2019 at 16:50, Errol said: The 2019 In Gold We Trust report is now available: https://ingoldwetrust.report/igwt-en/?lang=en Just re-posting this. For anyone buying or interested in gold and the wider picture, the In Gold we Trust report is absolutely vital. Read it. Quote Link to comment Share on other sites More sharing options...
APerson Posted June 18, 2019 Share Posted June 18, 2019 Quick question - I'm buying Gold Britannia 1oz's at 5% over spot from Bullion By Post. Is there a cheaper way to buy them safely? also Silver is 19% over spot for a 2nd hand (no vat) bar - is there a cheaper way to buy that? Quote Link to comment Share on other sites More sharing options...
Errol Posted June 19, 2019 Share Posted June 19, 2019 https://www.clivemaund.com/article.php?id=5076 Quote Link to comment Share on other sites More sharing options...
APerson Posted June 19, 2019 Share Posted June 19, 2019 52 minutes ago, Errol said: https://www.clivemaund.com/article.php?id=5076 I've been reading similar stuff. It feels like this is a critical time. I think it might jump and never come back down. Quote Link to comment Share on other sites More sharing options...
warrior88 Posted June 20, 2019 Share Posted June 20, 2019 Gold going up and up, was trading over $1380/ounce just now Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted June 20, 2019 Share Posted June 20, 2019 Although the talking heads are making noises, none of them are on target. The geopolitical areas of concern are the same old, same old. US/Iran contretemps are a lot of noise and are nothing more than headlines for the hack pack. So no change there, certainly no reason to get buyers scuttling off to the gold shop. The oil price has picked up, but is way down on 12 months ago. Again, this is no reason to rush off buying gold. The worlds bourses are not crashing and burning either, they are still healthy when looked at over the last 12 months. So, no urgency to buy gold and put investment portfolios in a defensive position. 'Safe haven government bonds' haven't provided spectacular returns since I can't remember when and is the norm, so no panic selling of bonds to get into gold. The NY Fed has hinted it will ease interest rates, and it is hard to find any enthusiasm to raise rates elsewhere. So just why has the gold price got here, and stayed here since last xmas? All in all, it just seems normal, except for the gold price. Smells like trouble..._ Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted June 20, 2019 Share Posted June 20, 2019 (edited) Mind you, it could just be down to the fx rates. Five years ago sterling got $USD 1.70, a year ago it was buying $USD1.30, and today It gets you $USD1.25. So getting close to £1090 an ounce isn't such a big deal.....unless you are in the UK..._ ? Edited June 20, 2019 by DiggerUK Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted June 20, 2019 Share Posted June 20, 2019 6 hours ago, DiggerUK said: All in all, it just seems normal, except for the gold price. Smells like trouble..._ Indeed! Quote Link to comment Share on other sites More sharing options...
Errol Posted June 21, 2019 Share Posted June 21, 2019 Russia, China, India et al, continue to buy gold hand over fist. Heading towards use of gold in international trade notes at some point. Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted June 21, 2019 Share Posted June 21, 2019 China and Russia buy all domestic mined gold. Smart move when you think about it, all they need to do is print the payment. Their ratio of gold in fx reserves is under 3% in China, and about 17% in Russia. As it is easier for China to obtain USD trading with the US than it is for Russia, I suspect that explains the different ratios. As the gold doesn't go to the world market it suppresses supply, and as they don't appear to buy much on the world market it wont raise the demand side much. The only deliberate mistake in that argument is China encourages it's citizens to hold gold, which does come from the rest of the world. Will be interesting to see the next announcement on China's official gold reserves..._ Quote Link to comment Share on other sites More sharing options...
reddog Posted June 21, 2019 Share Posted June 21, 2019 The all time high measured in sterling is £1,178.93, the current price is £1,052.01. My question is, do you think it will top the sterling all time high on the current run up? Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted June 21, 2019 Share Posted June 21, 2019 As US base rates are 2.0%, and UK rates are 0.75%, it's possible it may top the 2011 high. It could be that the US problems may need more than a drop in base rates to get sorted. But as Trump has an election to win in 2020, he will be pulling out all the stops to boom the economy. One way for him to work the oracle is to get rates down and somehow sugar rush the economy. Lets see how the 'independent' NY Fed handles some Trump strong arming..._ Quote Link to comment Share on other sites More sharing options...
Freki Posted June 25, 2019 Share Posted June 25, 2019 Anyone to point at good gold brokers? www.gold.co.uk has a spread of 5% between buying and selling Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted June 25, 2019 Share Posted June 25, 2019 (edited) 21 minutes ago, Freki said: www.gold.co.uk has a spread of 5% between buying and selling *5% is too high. Atkinsons and Elm Investments are much better. I have used both..._ * Edit. Sorry, if you mean total spread then that's about par... Edited June 25, 2019 by DiggerUK Quote Link to comment Share on other sites More sharing options...
ftb_fml Posted June 25, 2019 Share Posted June 25, 2019 Anyone care to speculate as to why gold has suddenly started rocketing in price? I'm sure HPC can do better than my simple gut feeling that "people are starting to get worried".. Quote Link to comment Share on other sites More sharing options...
reddog Posted June 25, 2019 Share Posted June 25, 2019 4 hours ago, ftb_fml said: Anyone care to speculate as to why gold has suddenly started rocketing in price? I'm sure HPC can do better than my simple gut feeling that "people are starting to get worried".. Looks like US interest rates will be going down, and maybe QE starting again if there is a sniff of a recession? Also a possible Chinese currency devaluation? Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted June 25, 2019 Share Posted June 25, 2019 (edited) 4 hours ago, reddog said: ..........maybe QE starting again if there is a sniff of a recession? Also a possible Chinese currency devaluation? Simple truth is, that however bizarre QE may seem to us deplorables, it is a damned effective way of kicking the can. China may devalue, it is a privilege that is still under their control, US will have plenty to say on the subject mind you. Something we should keep our eye on..._ Edit. https://www.reuters.com/article/us-china-markets-yuan-pboc/chinas-central-bank-wont-let-yuan-weaken-past-7-to-the-dollar-sources-idUSKCN1SN0NT Edited June 25, 2019 by DiggerUK Quote Link to comment Share on other sites More sharing options...
Errol Posted July 4, 2019 Share Posted July 4, 2019 IMF currently circulating this: Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted July 8, 2019 Share Posted July 8, 2019 as sterling is getting trashed gold is nearing its GBP ATH gives you an idea of how trashed sterling is. Quote Link to comment Share on other sites More sharing options...
APerson Posted July 8, 2019 Share Posted July 8, 2019 I'm surprised that its not gone higher with Deuchebank's recent troubles. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted July 11, 2019 Share Posted July 11, 2019 Its a new paradigm and its different this time! Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted July 11, 2019 Share Posted July 11, 2019 (edited) 2 hours ago, Roman Roady said: Its a new paradigm and its different this time! Do you mean that somebody at the Fed FOMC meeting in three weeks will say "I can see a problem here that we must deal with before it gets out of hand" Neat idea, I love it; no more boom or bust..._ Edit, POG @ £1135 an ounce. £GBP gets you $USD 1.25 Edited July 11, 2019 by DiggerUK Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted July 18, 2019 Share Posted July 18, 2019 On 20/06/2019 at 16:10, DiggerUK said: Although the talking heads are making noises, none of them are on target. The geopolitical areas of concern are the same old, same old. US/Iran contretemps are a lot of noise and are nothing more than headlines for the hack pack. So no change there, certainly no reason to get buyers scuttling off to the gold shop. The oil price has picked up, but is way down on 12 months ago. Again, this is no reason to rush off buying gold. The worlds bourses are not crashing and burning either, they are still healthy when looked at over the last 12 months. So, no urgency to buy gold and put investment portfolios in a defensive position. 'Safe haven government bonds' haven't provided spectacular returns since I can't remember when and is the norm, so no panic selling of bonds to get into gold. The NY Fed has hinted it will ease interest rates, and it is hard to find any enthusiasm to raise rates elsewhere. So just why has the gold price got here, and stayed here since last xmas? All in all, it just seems normal, except for the gold price. Smells like trouble..._ I believe there is a realisation that stocks are overvalued and that the US is now in massive debt -it owes $22Trn and Trump is adding to that at a rate of $1Trn a year. I think some of the death of the Dollar books from 2008 were right, just a bit early. If China dumps treasuries, Gold could hit $10,000 /Oz Quote Link to comment Share on other sites More sharing options...
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