Gold price all times high GBP and climbing

RealElement47

Not just the GBP but the JYN and several other major currencies. And many many smaller currencies are seeing escalating gold prices.

Stock markets are crashing and currency wars picking pace. China are winning the race to debase, the race to the bottom in currencies, mind you the UK aren't doing too bad in devaluing their currency.

Is the gold price off to the races?

mumf

I am watching precious metal price rises with glee! My stash is now well into profit...it's an ill wind,and all that.

RealElement47

mumf wrote: »

I am watching precious metal price rises with glee! My stash is now well into profit...it's an ill wind,and all that.

The gold to silver ratio is now around 90 oz silver to one of gold. This is extremely high and will correct to much lower levels near to 30:1 as it was in 2011.

The gold price always moves up first which pushes the gold to silver ratio high for a short time as it is now. Then people start thinking they missed the boat in gold it has already shot up, but silver is still low.

AG47

$17 from the $13.58 low is nothing, silver will go up $17 every day soon.

https://youtu.be/D4K-u_K891k

StevieJ

Oh no! They are back

chucknorris

AG47 wrote: »

$17 from the $13.58 low is nothing, silver will go up $17 every day soon.

https://youtu.be/D4K-u_K891k

Quite, especially when there has been no income paid from it, when will these PM nutters realise that property pays rent and equities pay dividend income, and you still have the opportunity for capital gains.

AG47

chucknorris wrote: »

Quite, especially when there has been no income paid from it, when will these PM nutters realise that property pays rent and equities pay dividend income, and you still have the opportunity for capital gains.

Property has huge downside risk and not much upside potential at these all time highs.

Silver is about a quarter of the all time high from back in the 1970s

Silver has huge upside potential and almost zero downside risk.

It’s also private and portable unlike property which likes to be taxed heavily by cash strapped governments

edgex

mumf wrote: »

I am watching precious metal price rises with glee! My stash is now well into profit...it's an ill wind,and all that.

only if you sell...

PasturesNew

I never got my head around the best/safest way to buy it.....

You start off trying to read up and end up fearing you'd do it wrong and lose the lot.

AG47

edgex wrote: »

only if you sell...

Sell slowly because this bull market has a long way to go in monetary precious metals :T

MaxiRobriguez

Gold is already in an extended bull market. It quadrupled in five years in the run up to and then immediately after the GFC because Capitalism itself was about to die.

Since then, equities have recovered and them some, which should have been funded by reduction in safe assets like bonds and gold but both of these asset classes have risen since then as well.

The elephant in the room is QE and ZIRP. If central policy starts to move away from this then stocks, bonds and gold will all start to fall. If central banks inject more liquidity into financial systems and investors buy it then they're going to buy stocks not gold.

I don't foresee a major bull market in gold from here over the next few months years.