reddog Posted December 31, 2017 Share Posted December 31, 2017 On 29/12/2017 at 6:45 PM, Noallegiance said: More like $ on a nosedive headed toward 91. If the £ would kindly follow suit, that would be lovely. Here is an interesting yearly review of currencies Vs gold: Quote Link to comment Share on other sites More sharing options...
Fletcher Posted December 31, 2017 Share Posted December 31, 2017 Anybody else think gold, silver, platinum are all massive shorts here? I reckon usdjpy can make it back to 118. What that would do to gold would be *interesting*. Quote Link to comment Share on other sites More sharing options...
Slimline Posted January 1, 2018 Share Posted January 1, 2018 118 ? Hasn't been there for over a year, what's the analysis for that ? Quote Link to comment Share on other sites More sharing options...
Fletcher Posted January 3, 2018 Share Posted January 3, 2018 On 01/01/2018 at 2:46 PM, Slimline said: 118 ? Hasn't been there for over a year, what's the analysis for that ? It's all very hocus pocus. Quote Link to comment Share on other sites More sharing options...
chronyx Posted January 4, 2018 Share Posted January 4, 2018 I keep waiting for a leg down but it seems to be incrementally but steadily going up. I wonder If this is it for DBs $1450 call Quote Link to comment Share on other sites More sharing options...
Noginthenog Posted January 7, 2018 Share Posted January 7, 2018 On 04/01/2018 at 9:19 PM, chronyx said: I keep waiting for a leg down but it seems to be incrementally but steadily going up. I wonder If this is it for DBs $1450 call I think DB may well have called this right, Gold rising in price as you would expect as inflation is picking up around the world in the real economy. But Gold is the tail of the beast, crude oil is the head. It's the oil price that will rise up and then crash this economy, with many calls for a future price of $15 a barrel. (What price then for the BP's, Shell's of this world?) At that point will we see Gold at $800??? Personally I can't read these distorted markets, throw in Cryptos and the picture is even cloudier! I believe in Gold, it exists, it doesn't require a network to exist and you can hold it in your hand. I will always hold some and probably some of the companies that do the "proof of work" to mine it out the ground, it is the money of last resort. Quote Link to comment Share on other sites More sharing options...
Errol Posted January 7, 2018 Share Posted January 7, 2018 Would expect a bit of a drop/consolidation after the run we've just had. Quote Link to comment Share on other sites More sharing options...
chronyx Posted January 7, 2018 Share Posted January 7, 2018 3 hours ago, Noginthenog said: I think DB may well have called this right, Gold rising in price as you would expect as inflation is picking up around the world in the real economy. But Gold is the tail of the beast, crude oil is the head. It's the oil price that will rise up and then crash this economy, with many calls for a future price of $15 a barrel. (What price then for the BP's, Shell's of this world?) At that point will we see Gold at $800??? Personally I can't read these distorted markets, throw in Cryptos and the picture is even cloudier! I believe in Gold, it exists, it doesn't require a network to exist and you can hold it in your hand. I will always hold some and probably some of the companies that do the "proof of work" to mine it out the ground, it is the money of last resort. Agree with your analysis and philosophy Quote Link to comment Share on other sites More sharing options...
CommyTooper Posted January 7, 2018 Share Posted January 7, 2018 9 hours ago, Noginthenog said: .........Personally I can't read these distorted markets........... I don’t think anybody can read the markets, so don’t feel like a fair ground freak. But reading between the lines scares the pants off me. Only thing that keeps me calm is my sovereigns. Well, to be honest they’re mainly half sovereigns, didn’t believe it was that important what I bought. But as I am retiring this year, there are the lump sums from my pension to consider. I’m considering buying some more gold....how, and what? Quote Link to comment Share on other sites More sharing options...
Errol Posted January 11, 2018 Share Posted January 11, 2018 (edited) Very interesting pictures from the Russian gold vaults! 'Photos from main gold storage of Central Bank of Russia. Almost 1800 tons of gold is stored here. This is the main storage of gold in Russia. This makes Russia to be number six in the world by gold storage.' https://www.silverdoctors.com/gold/gold-news/move-over-fort-knox-heres-an-actual-look-inside-russias-gold-vaults-at-their-gold-reserves/ Edited January 11, 2018 by Errol Quote Link to comment Share on other sites More sharing options...
Errol Posted January 11, 2018 Share Posted January 11, 2018 Brinks Reports Mysterious $11 Million Gold Shipment Heist https://www.zerohedge.com/news/2018-01-10/brinks-reports-theft-mysterious-11-million-international-gold-shipment Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted January 13, 2018 Share Posted January 13, 2018 Feels like ages since we have had a tick up in gold prices, my stash is up a bit. perhaps it’s some of the hype coming off the bitcoin sector. its about time we had some big moves in the markets. Must be due a correction soon, or are we on the longest bull run in history? Quote Link to comment Share on other sites More sharing options...
Fence Posted January 17, 2018 Share Posted January 17, 2018 Central Fund of Canada just bought by Sprott. Any info or views? CEF was a safer bet (had the physical gold and silver) but unsure about Sprott and why they bought CEF. Quote Link to comment Share on other sites More sharing options...
Errol Posted January 17, 2018 Share Posted January 17, 2018 (edited) I thought Sprott's funds were all physical funds as well? Fully allocated as well according to the link - http://www.sprott.com/investment-strategies/physical-bullion-trusts/ Edited January 17, 2018 by Errol Quote Link to comment Share on other sites More sharing options...
Errol Posted January 17, 2018 Share Posted January 17, 2018 Online Gold Coin Sales Jumped 400% as Bitcoin Plunged Gold coin sales jumped fivefold on Tuesday at one of Europe’s largest online dealers as Bitcoin suffered its biggest selloff since December https://www.bloomberg.com/news/articles/2018-01-17/online-gold-sales-quintupled-as-bitcoin-plunged-coininvest-says. Quote Link to comment Share on other sites More sharing options...
chronyx Posted January 21, 2018 Share Posted January 21, 2018 (edited) Just doing some price comparisons and have found the price for bullion is higher than last time I purchased, when compared with the spot price (There's probably a term for that). Prices from goldline E.g.: Bought United Kingdom QE2 Quarter Sovereign on 27th April 2017 for £78.25 at spot price of £982.45 Now still priced at £76.75 with spot at £946.94 (Although sold out at goldline, £77 from Hermesgold with who I have no experience) That's £35.51 difference in spot Does this mean the market is discretely preparing for some movement? Edited January 21, 2018 by chronyx Quote Link to comment Share on other sites More sharing options...
MrXxx Posted January 21, 2018 Share Posted January 21, 2018 You'll never get the spot price with coinage as there are minting costs to add. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted January 21, 2018 Share Posted January 21, 2018 @chronyx Out of interest say you had 10 sovereigns you bought for 980 and wanted to sell them, how would you go about it, ie where, and what rate would you get, if the spot was the same on both days, (really meaning what % is it going to cost in fees to sell it back) Quote Link to comment Share on other sites More sharing options...
chronyx Posted January 22, 2018 Share Posted January 22, 2018 I had some 2.5g bars and all I did was eBay them! I was curious about the exact same things you mention so it was a trial run. I put them on for just under what they would cost from a dealer, with pics showing them still sealed etc. I made enough to break even inc postage and as I'm only interest in preserving what wealth I can afford to set aside in PMs that's fine with me Quote Link to comment Share on other sites More sharing options...
Errol Posted January 22, 2018 Share Posted January 22, 2018 Central Bank Of Russia Adds A Record 223 Tons Of Gold In 2017 The Russian Central Bank added 300,000 ounces (9.3 tons) of gold to its reserves in December, bringing the total acquisitions of the precious metal in 2017 to a record 223 tons. https://www.zerohedge.com/news/2018-01-21/central-bank-russia-adds-record-223-tons-gold-2017 Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted January 22, 2018 Share Posted January 22, 2018 10 hours ago, chronyx said: I had some 2.5g bars and all I did was eBay them! I was curious about the exact same things you mention so it was a trial run. I put them on for just under what they would cost from a dealer, with pics showing them still sealed etc. I made enough to break even inc postage and as I'm only interest in preserving what wealth I can afford to set aside in PMs that's fine with me Yeah ive seen them be purchased in banks, saw an arab came in with a backpack and said he wanted to buy gold one time. I wondered if the banks buy it back. Sounds like they dont from your reply. I fancy getting a little treasure box with some gold coins, for the kids, to play with... Wonder if i can get a print and stamp on a picture of a bitcoin? Quote Link to comment Share on other sites More sharing options...
chronyx Posted January 22, 2018 Share Posted January 22, 2018 1 hour ago, GreenDevil said: Yeah ive seen them be purchased in banks, saw an arab came in with a backpack and said he wanted to buy gold one time. I wondered if the banks buy it back. Sounds like they dont from your reply. I fancy getting a little treasure box with some gold coins, for the kids, to play with... Wonder if i can get a print and stamp on a picture of a bitcoin? I'v heard worse ideas. Put them on ebay with some fluffy blurb and see what happens Quote Link to comment Share on other sites More sharing options...
Inoperational Bumblebee Posted January 23, 2018 Share Posted January 23, 2018 Atkinsons will buy from you IIRC. Quote Link to comment Share on other sites More sharing options...
Errol Posted January 26, 2018 Share Posted January 26, 2018 An important juncture - Quote Link to comment Share on other sites More sharing options...
Errol Posted January 31, 2018 Share Posted January 31, 2018 Maund latest Gold update - https://www.clivemaund.com/gmu.php?art_id=68&date=2018-01-28 Quote Link to comment Share on other sites More sharing options...
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