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26 Jan 26
21:49
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11 Jan 11
That’s a rise of over 12 per cent in the past month and more than 83 per cent in the past year. Since the start of 2024, gold has continually pushed higher in price at a faster rate, setting continual new record highs along the way.
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not much stops me in my tracks (3 New) 1st time poster 83 26 Jan 26 14:28
haway man open ya eyes yfdsc. |
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In fairness to Glasgow. You’d have to be pretty bored to open up a Firsttimeposter thread!!
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wouldnt touch the stuff
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usually a precurser to
world war $ crashing usa deep recession or as its now known the orange baffoon,s xmas wish list  |
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remember in the early 70,s a krugerrand was worth about £70,had an uncle lived in south africa you wernt allowed to take them out of the country through customs,was looking at them about 2 yrs ago £1,700, £4,000 yesterday,
as haskins said to jack regan in an episode of THE SWEENEY thought you,d have heard about them jack,everyone in the city is buying them, hope some have held on to them |
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if you see the bandwagon ...........youre too late !
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yep but this bandwagon has passed people by at 300, 400,500,600,700,800,900. quid a sov,and you,d have written the same at 300,obviously youll be right one day after been catastrophicaly wrong every month for 11 yrs
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palentir .......bought at 14 dollars 5 years back 170 $ ish now has hit 190 $ ......but ya cant get it right everytime
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Have just read a very interesting article about how the change in Basel 3 has caused the banks to convert their paper gold into physical Gold. The Americans are doing it first before Europe and UK have to follow next year. Author thinks minimum price for Gold will be $8k per ounce and could even go as high as $16k.
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the price surge is amazing really , when you consider the stuff is practically useless !
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Gold is the most malleable and ductile metal, capable of being hammered into incredibly thin, transparent sheets (gold leaf) or drawn into51 fine wires. A single ounce can be beaten into a 300-square-foot sheet or drawn into a wire over 40 miles long. This extreme flexibility is due to its atomic structure, which allows atoms to slide past each other easily.
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unlike the uk £ and the american $ gold is a finite commodity and eventualy america wont be able to just keep printing $ bills to pay down their $38.5 trillion debt
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The rise in gold is nothing when compared with Silver. A year ago you needed about 90 ounces of Silver to buy one ounce of Gold. Now you need less than 50, and this against the huge increase in the Gold price.
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i was reading different to gold price,the price of silver rising is partly to do with the demand for it6 to be actual used in products, phones,computers,chips, Ai etc etc,rather than been bought as a safe investment
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Historically, about 45% of all mined gold currently exists as jewelry.
The remaining gold demand is split between investments (bars/coins), central bank reserves, and industrial technology (such as electronics). |
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"Partly" is correct, but the disproportionate rise is silver (vs gold) is far too big to simply be a sudden? realisation that it has multiple uses. This is clearly a factor in last years price ratio disconnect between the two metals but there is now no doubt that silver is now a major investment metal. The interesting investment angle is that around 80% of antique silver now has a melt value way above its collectors market value. This will of course correct over time, but which way who knows. Defo going to be a shortage of cutlery/flatware with teaspoons being melted for £15 each.
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Silver is driven significantly more by industrial demand than gold (roughly 50% industrial demand for silver vs. only 10% industrial demand for gold).
That said, silver’s industrial demand is virtually inelastic to price spikes due to the small amounts of silver utilized in the aforementioned industrial applications. In other words, even if the price of silver goes to hundreds of dollars per ounce, smartphones and laptop computers will still be using silver in their production and designs as the cost per unit will easily be passed on to the end-using consumer. One of the most silver intensive industrial applications is in solar. The average solar panel actually uses about 2/3rds of a troy ounce of silver (20 grams). |
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AI search ^^^
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Agreed, but most of what you correctly state was as true in 2024 as in 2025 and now. The growth, even compared to Gold, is astonishing and unparalled. And I have heard of the Bunker-Hunts
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I remember the bunker hunts attempts to corner the silver market.
20g of silver in a solar panel is now £52 compared to £16 only 12 months ago. That's not insignificant. Apparently the recent rise is part caused by supply shortages in china,.. |
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I didn't know silver had soared so much, I've a kilo ingot that was used as
a doorstop for years when my daughter was young. |
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saddo - Make sure you find a reputable bullion dealer if you are going to sell. Do not under any circumstances sell at auction or send off to one of the "we buy gold" merchants.
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£2,620 doorstop
These are generally decent if you did want to sell And certainly a decent bench mark of what you would expect to receive https://atkinsonsbullion.com/sell-to-us/sell-bullion-silver-bars-to-atkinsons-bullion .. Get notes and wedge door open with them, plenty left over to spend... |
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earlier post saying if youve seen the bandwagon you,ve missed it, but regards silver/gold,unless every jewlers/designers etc in the worlds/country,there,ll always be people buying gold/silver jewlery and that jewlery will be priced based on current gold/silver prices ,so millions of people are inadverntly joining the bandwagon or crash every week even if they dont no/realise it
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saddo's spouse also has a 24 carat 10" mandingo based dill dough.
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Gold bandwagon trundle on.
Up 4.2% since same time yesterday. A year in an isa |
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That’s a suprise gold price I got 4 krugrands in the 80 s they didn’t go up in the 10 years of owning them really so got rid, up until just before covid gold was flat, the old gold Rolex was worth 4 k it’s now about 12 k and that’s a suprise but it’s reaching altime highs imo and it can go down when the rush is over, but when that is who knows
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Bought this in march 25 at auction if the weight refers to gold and not overall it will have been a good investment, not that It would be scrapped.
An 18ct gold Rolex Oyster Perpetual superlative chronometer wristwatch, the white dial with Roman numerals and batons, 34mm diameter, on an 18ct yellow gold Rolex strap, with two additional links, model number 14238M, serial number P819545, overall approximately 111.5 grams, with International Service Guarantee dated 16/APR/08, other receipts, other papers, calendar fitted box and outer cardboard box |
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.... Sorry for the aftertiming.
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Yeah the value is in the 18 ct gold, could be a time when you sell gold Rolex for scrap the way it’s going but it’s not far off the top imo and another 6 months or a year could see it going down, using that crystal ball that also predicts Bitcoin will hit record highs within2 years
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Nice Glasgow, but I think the value of the watch is
way above it's gold content. Although you may need to keep an eye on that. Insurance can be a bugga. |
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... Not sure it can all be 18ct ? but assuming it is its £83 X 111 = £9213.
Cost of watch after commish was £7400. |
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son had a gold rolex..paid 20k bout 8yr ago..could have sold it covid time for 42k..sold it 3 mths ago for 22k.
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Know when to hold em know when to fold em. Its all a punt.
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Glasgow, re your rolex, there will be very little gold in the movement, but your strap and buckle are 18k so a high percentage will be gold. My 18k very thin Rolex Cellini is over 90% but that is just watch and buckle as the strap is lizard and very light. It would be very unusual for a decent 18K working Rolex to be worth more scrap than live even at todays prices.
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Bought ladies (second hand from h+t pawnbrokers with certs etc) 18carat Cartier Panthere in 2017 for £2785.looked up prices before Xmas brand new now same model same size 28/30 k brand new,,second hand between 9 and 11,my sister and brother in law who have a jewellery business and have both seen the watch now say they could get 14 k easily as the gold price has risen so sharply in the last 6/8 weeks.mental really
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bought gold at 55 a gram, silver at 25 an ounce, im happy
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there was a photo pre xmas in Austrailia of people queing up to buy gold and someone on X photo shopped them in to SHEEP,THE SHEEP are now 30% in front
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£991 for a SOV this morning will we reach a bag of sand today ?
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