Gold price all times high GBP and climbing

Green_Bear

phillw wrote: »

I don't think the majority of people here have the resources to be able to plan for that kind of crisis. Certainly putting your money into previous metals adds as many problems as it solves.

Good luck keeping hold of it without a functioning court system. Or during a hollywood style cyber attack.

No need for Hollywood movies.
The Ukrainian power grid, the English NHS and the Visa payments system have all had problems over the last few years.
Plus TSB showed up the legacy IT systems present in many banks.

Do you really think that UK public sector IT systems are any match for Russian or Chinese backed cyber attackers..?

The-Joker

Green_Bear wrote: »

No. I didn't factor in rental costs. I meant purely in price terms.
For example selling a second property and buying gold with the money from the sale.

Yes if you time it near the top of the property bubble and near the bottom of the gold bear market

They are usually inverse related

Gold and silver bottom at the top of property bubbles and property usually bottoms at the top of precious metal bubbles

It’s clear to see PMs are going higher and property lower

The-Joker

One war or other property is going lower

MobileSaver

The-Joker wrote: »

One war or other property is going lower

How much lower and when?

The-Joker

Gold is at all time highs in most currencies around the world and still climbing

Silver is still way under half it’s all time high from the 1970s

Silver is a better buy than gold right now even though they wil both keep going up

Silver will go up faster

The-Joker

MobileSaver wrote: »

How much lower and when?

Nobody knows when or how much but we do know property is overvalued

At some point in the future it will be undervalued again this is a certainty.

Gold and silver are way undervalued right now and at some point in the future they will be overvalued again

This has always happened asset classes go from over to undervalued and then back again


Take fiat currency out of the way to measure and measure stuff with stuff

In the 1970s it took less than a thousand ounces of silver to be valued the same as an average house in most cities around the world. Today it’s tens of thousands of ounces even as many as 40K oz of silver for the same average houses.

My prediction it will correct back to under 1K oz of silver for an average house in London, Paris, NY, Tokyo or other major cities.

The-Joker

Cakeguts wrote: »

Not if Labour in their zeal for nationalising things, nationalise all the silver bullion dealers and force them to offer a very much reduced amount for silver bullion so that everyone can own silver bullion even if they have never done a day's work in their lives.



The trouble with nationalising everything is that once they get control of certain industries they can easily get control of all the others.

You post doesn’t make sense?

If they get all the silver dealers to offer silver at reduced rates then there will be extreme shortages of silver in no time, then there can be no more smart phones and other electronic goods made

This would end the manipulation of silver and it would correct to true value

Herzlos

So does anyone have any good advice for buying gold? I was going to try and pick some up, but assume I want to avoid the high street currency exchanges?