Yep me too, but its going to come with more problems as the price climbs. |
Hold the line...
Otavio (Tavi) Costa
@TaviCosta
The gold-to-oil ratio just hit its highest level ever on the monthly chart—excluding the COVID spike.
Who benefits the most from this?
Mining companies.
This directly impacts their margins, which are expanding significantly as metal prices climb.
Gold is up nearly $1,000/oz from a year ago, while production costs have risen only about $100–$200/oz, depending on the mine.
The math speaks for itself. |
Wan,
Post 73094/73095
that is a great informative and educational discussion on youtube link |
great price you got on that |
Matt
Well done on the pre 1920 silver! :)
I managed to buy a 1oz Platinum 2024 Britannia this week for £900! Unfortunately it has Charles mug on one side!
£1038 with Chards (incl VAT):- |
BTC chart
Charts don't lie.
No advice.
BWTFDIK
SSB |
thanx ssb :-) |
I am feeling like we are back to being friends.
GOLD chart TA only so don't be a judge.
BWTFDIK
SSB |
fyi brasso, i did manage to get hold of some pre-1920 .925 silver coins |
GOLD is now in a massive Long Term Wave 3 after the 1971-2024 set up.
Gold will lead this monstrous commodity cycle which i believe will go on on beyond our lifetimes.
Gold, Silver & Copper .... these will all witness significant price appreciation in the weeks, months, years and decades ahead but they won't be the only ones ... ALL commodities will participate in this powerful cycle.
I do still suggest that folk consider investing in some physical gold & silver, particularly if you've got kids and wish to pass some wealth on & avoid the ravaging death taxes |
many thanx ssb,, I shall stay invested :-)
Cheers
Wan :-) |
Wan is this the CHART you mean?
Was trying to delay but those gaps need a home.
BWTFDIK
SSB |
Copper up 2.24% |
MJ apologies if you or anyone else has posted but a bit more Silver porn, since people getting more interested |
:-) Okie dokie :-) |
it certainly is ssb, it certainly is :-) :-) |
BIRD IS THE WORD!
Incoming waiting for CULT way way delayed buy before I post corrupt TA..
SSB |
many thanx ssb :-)
please could you update us on the BIRD chart, thanx :-) |
AAZ chart for my friends.
Obviously no advice, looking better than before.
However needs to break the flat.
BWTFDIK
SSB |
many thanx for posting that Mj,,, fingers crossed it goes in our favour in terms of gold price!! |
 Basel 3 implementation in the USA is scheduled for 1st July this year. Under Basel 3 (already implemented in EU) physical Gold holdings move up from a Tier 3 Asset to a Tier 1 Asset & therefore no longer subject to a valuation discount as has been the case previously
"The new regulation distinguishes between allocated and unallocated gold accounts. Gold in allocated accounts is held in custody in a bank’s vaults but belongs to the bank’s clients. Unallocated gold accounts reflect financial transactions linked to gold including gold lending, swaps, futures, and hedging for producers and refiners as well as jewellers and other corporate users. Unallocated gold accounts belong to the bank.
Under the new regulation, allocated gold will be considered a Tier 1 asset and will continue to have zero risk weighting. Conversely, banks’ unallocated gold and exposures due to other financial transactions will be considered a Tier 3 asset subject to a Required Stable Funding (RSF) ratio of 85% like other risky assets such as equities. Under the new rules, banks are required to hold physical gold or other liquid assets for an amount equal to at least 85% of the value of unallocated gold on their books.
Unallocated gold accounts, often referred to as paper gold, are attractive to banks because they can leverage on the gold actually held in the vaults: some estimates put the ratio of unallocated gold to physical gold at up to 400 times, making it potentially very profitable to bullion banks. A likely, and probably intended, consequence of the Basel III rules will be a drop in the volume of financial transactions linked to gold. The increased cost of these activities will encourage bullion banks to reduce their exposure or to increase the price they charge clients, who may reduce demand for those products.
The new rules give physically held gold a preferential treatment over paper gold, and that should increase demand for bullion and support the price of gold. Many commentators see as no coincidence that since 2017 central banks have purchased large volumes of physical gold and that gold prices have generally risen (see Chart 1). Because of the new rules, banks are expected to advise clients to turn unallocated into allocated gold positions, increasing, at least temporarily, the demand for physical gold. However, since this would mainly be an accounting effect rather than a real increase in demand for the yellow metal, the impact on gold prices looks uncertain." |
Silver needs to get a move on, if it does silver miners should go a real rip up; well the decent ones. |
free stock charts from uk.advfn.com
free stock charts from uk.advfn.com
:-) |
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