GOLD PRICE !! ... Any collectors on here ?? ..

not much stops me in my tracks (3 New)    1st time poster    83    26 Jan 26 14:28

haway man open ya eyes yfdsc.

In fairness to Glasgow. You’d have to be pretty bored to open up a Firsttimeposter thread!!

wouldnt touch the stuff

usually a precurser to
world war 
$ crashing
usa deep recession

or as its now  known the orange baffoon,s xmas wish list

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

if you see the bandwagon ...........youre too late !

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

palentir .......bought at 14 dollars 5 years back 170 $  ish now has hit 190 $ ......but ya cant get it right everytime

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.

the price surge is amazing really , when you consider the stuff is practically useless !

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.

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

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.

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

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).

"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.

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).

AI search ^^^

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

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,..

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.

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.

£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...

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

saddo's spouse also has a 24 carat 10" mandingo based dill dough.

Gold bandwagon trundle on.

Up 4.2% since same time yesterday.

A year in an isa

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

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

.... Sorry for the aftertiming.

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

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.

... Not sure it can all be 18ct ? but assuming it is its £83 X 111 = £9213.

Cost of watch after commish was £7400.

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.

Know when to hold em know when to fold em. Its all a punt.

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.

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

bought gold at 55 a gram, silver at 25 an ounce, im happy

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

£991 for a SOV this morning will we reach  a bag of sand today ?

up $260 an ounce in a day yesterday

Anybody paying a bag for a sov has lost a ton.

Kilo of silver down £800

Trump announced new fed chairman, silver went from 120 to 75, gold 5500 to 4800

It's both mind boggling and scandalous that these markets can be manipulated by the actions of one person, I was reading for the last 6 months nothing but gold and silver only safe place to invest in . Then today silver drops 30% and gold 15% supposedly losing 15 trillion dollars of people's money I dread what else is coming down the road

Never invest in anything where you do not understand the dynamics. I did suggest earlier that the huge rise in Silver, even vs Gold, was heavily investor driven.  Lots of cashing out today but lots of fear.

Jan 30, 2026 -- 9:27PM, Jacko2017 wrote:

It's both mind boggling and scandalous that these markets can be manipulated by the actions of one person, I was reading for the last 6 months nothing but gold and silver only safe place to invest in . Then today silver drops 30% and gold 15% supposedly losing 15 trillion dollars of people's money I dread what else is coming down the road

Andrew Bailey ©2022

Cider apologies as I had to Google him as I had no idea who he was , please excuse my Irish ignorance but from a quick search I couldn't really understand the implications of what he proposed in 2022 but I did notice he is currently the governor of the bank of England so if I am interpreting it correctly he caused major chaos in the markets 4 years ago and is still in a position of such importance not that I am surprised if that's the case as our clowns here in Ireland are the exact same moved from pillar to post jobs for life for the lads

Yes, he was BoE then, but let's say took he a particular dislike to the new sheriffs. Only in this time, the sheriffs can't do anything about the bean counter that really doesn't like them, and desperately wants them to fail, as the BoE operates under full autonomy/independence (allegedly). There would need to be multiple volumes of a book to go through everything, but the chief one was dumping £40Bn worth of debt (gilts) on the market, the day before a 'contentious' budget.

https://www.bankofengland.co.uk/-/media/boe/files/letter/2022/september/gove...

Lol, nowt to do with an uncosted reckless bodgit

The tory/now Refuk boys and girls and lettuces attempting
to crash the economy, and now desperate to rewrite
history.

They even bet against the markets and pound as they
knew exactly how bad an effect it would have.

as they say its knowing when to HOLD,EM and KNOWING WHEN TO FOLD,EM

Another drop in gold Today, I have never followed this but the variance in gold prices seem more volatile than for a long time.?

At this precise moment Gold is still where it was in the middle of January!!!

10 minute video of Jacob Rees-Mogg talking about gold:-
https://www.youtube.com/watch?v=-I0YY7tp1xI

Not sure I could listen to him for 10 minutes - Could you kindly do a summary of his position on the subject.

JRM says it is all the government's fault for too much easy money after a crisis. Not, as you might think, the Labour government dealing with the global financial crisis, but Covid, under Boris, with JRM in the Cabinet.

Good point about Trump wanting a weaker dollar.

And some other stuff.

Thanks Ramruma.  Will take a listen later.

Way back when gold was 36 dollars an ounce for many moons, then came the first oil crisis.

The prevailing sentiment seems to be that Gold will, after its correction, continue its climb. Silver will recover most of drop from its huge growth but not continue it.  Not sure!!... Lots of bullion dealers are not buying scrap silver currently, but for what it is worth, I am buying good antique silver!! Retail value of which is underpinned by the bullion price, but will look cheap if Silver recedes - Some segments of antique silver will outperform the bullion market - Lady silversmiths(Hester Bateman etc), Quirky names (Sandilands Drinkwater etc plus as always Provincial Assay Offices (Exeter, Newcastle, Norwich, plus Irish and Scottish). Oh, and it looks nice. Each to his own.

investors pulling out stocks uncertainty of earnings month

they stick in silver gold for the month

the big men short gold/silver as think its to high

causing the swings

Buying antique silver sounds ideal, as it's already there.

If price goes up then it's free money, and if silver goes down
then it retains antique value.

Similar advice was given years ago buying coins, and of course
don't buy carp , but quality in top condition. Or best you can reasonably
afford.

China still paying over spot for silver, can't get enough.
no doubt a good few antiques getting melted, can only
be good for those that survive.

Gold back over $5k (3%ish) and silver up nearly 8% today.