Wt Phys Gold � Discussion Threads

[action] 26/3/2020 09:29

Gold price at the moment is $1600 and gbp against Usd is $1.18 appx.Percentage with all being equal you are looking for 11% rise

[toffeeman] 26/3/2020 09:08

My dilemma will come if PHGP hits 13800 - which was my target when I bought.

Do you know what an $1800 USD would equate to in PHGP?

[kiwi2007] 26/3/2020 08:58

That it's down today is a +ve for me :o) Buying because I believe higher inflation an/or even a major banking crash is a possibility

Just seen this again in my main holding annual report..(RIT or Rothchilds IT)



"...The main driver of returns was gold,
with both our direct gold positions and gold mining funds
performing well, buoyed by a 19% increase in the
commodity over the year. We continue to view gold as an
important diversifier against increased macro volatility,
caused by either lower growth and/or higher inflation...."

[toffeeman] 26/3/2020 08:12

Well down 1.5% at the open!

[kiwi2007] 26/3/2020 03:20

This week:



Goldman Sachs tells clients it is time to buy gold
Central bank emergency measures push traders towards ‘currency of last resort’

Forecasting $1800 US




Opinion Lex Add to myFT
Gold/government stimulus: valuable insurance
There are multiple reasons why investors are turning to the ‘currency of last resort’

.............As the Fed prints more money, other central banks will probably add to their gold holdings, following two record years of reserve purchases. These buyers account for 15 per cent of purchases, from almost nothing in 2010. China and Russia have led the way. Elsewhere, supply chain disruptions have pushed up food prices around the world. Once lockdowns end and consumption resumes while real rates stay low, inflation should pick up. That has been the other reason to buy gold, as inflation protection.

Perhaps this glittery metal’s best attribute is what it lacks, a positive correlation with other securities prices. As such, it provides some hedge against market volatility, a bit like plain old cash should do.

[toffeeman] 25/3/2020 14:52

Fair play - I shall stick to gold

[action] 25/3/2020 14:31

Switched from gold to other PM metals etf.

[action] 25/3/2020 13:01

I had Templeton global absolute fun and keep going down even int rates are zero.

[toffeeman] 25/3/2020 12:25

Absolute return:

BlackRock European Absolute Alpha D Acc has done well (up about 7% in the last two years)

Merian Global Equity Abs Ret R GBP H Acc was awful lost 12.5% and took the loss and bought PHGP

So after taking the Merian hit I am up 3% - so relieved!

[action] 25/3/2020 11:31

Sorry. What is AR fund

[toffeeman] 25/3/2020 11:28

Nope - I have an account which is defensive and goes towards paying off my mortgage so I have an AR fund and PHGP.

I had two AR funds, but one was doing badly so I swapped it for PHGP and so far I am ahead of my initial investment - so PHGP has caught up for me.

[action] 25/3/2020 11:25

Do you look for any other PM ie silver or platinum?

[toffeeman] 24/3/2020 16:22

A close at 13200 would be excellent - when do I start to think about my strategy at 13800?!!!!

[toffeeman] 24/3/2020 13:34

Hi Action - just now 13.30 (half 1!)

I could get 129.96 to sell

130.98 to buy

so ok spread there

[action] 23/3/2020 18:57

Thanks. It appears this will reach your target sooner than later.

[toffeeman] 23/3/2020 16:56

Well I got my 12400 - Nice

Action - I will try a dummy trade with AJ Bell tomorrow and report back

[action] 23/3/2020 15:08

To sale. Buying is now higher than quoted.

[action] 23/3/2020 15:05

Just now 12491 when price is 12550

[action] 23/3/2020 15:02

With HL NO CHANCE

[toffeeman] 23/3/2020 13:54

Be nice to finish avove 12400

[toffeeman] 23/3/2020 13:04

Well - looking better today!

I use AJ Bell always get a quote withing the spread.

[action] 23/3/2020 11:24

Thanks.When you try to sell very low price and when you want to buy very high price.Do not fall for quoted price.

[stampylong trader] 23/3/2020 11:17

This is at all time new highs

[toffeeman] 23/3/2020 11:17

as in 111 above - looking for 1380