Buy more gold?

What changes can we make to our lives to deal with the economic and energy crises ahead? Have you already started making preparations? Got tips to share?

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PowerswitchClive
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Joined: 24 Nov 2005, 11:09

Post by PowerswitchClive »

clv101 wrote:Bank of England said pound would drop 25% under no deal Brexit. Gold might be a hedge against the pound.
Personally I think this is a great suggestion, although I no longer live in the UK ;-)

We are no were near the August 2011 high in gold in dollar terms, but do you know we are almost about to surpass it in UK pound terms!!!

The all time high is £1178
The current price is £1148
"All truth passes through three stages: First, it is ridiculed; Second it is violently opposed; and Third, it is accepted as self-evident."
Arthur Schopenhauer (1788-1860)
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PowerswitchClive
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Joined: 24 Nov 2005, 11:09

Post by PowerswitchClive »

Currently at £1236! an ounce
"All truth passes through three stages: First, it is ridiculed; Second it is violently opposed; and Third, it is accepted as self-evident."
Arthur Schopenhauer (1788-1860)
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UndercoverElephant
Posts: 13506
Joined: 10 Mar 2008, 00:00
Location: UK

Post by UndercoverElephant »

PowerswitchClive wrote:Currently at £1236! an ounce
That is not likely to be the top, either.
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