Hi all, it's your man Mr. Bullion Hunter here
Since nearly last week I posted on this, regarding about my stupidity not buying gold earlier than later. If you haven't read this blog, I highly suggest that you should read this.
@mrbullionhunter/why-didnt-i-realise-this-earlier-hyf
As that was Part 1
And now get ready for Part 2
Part 2
Since that we have seen Gold Price standing at this amount
As this is up by £4.12 since yesterday or within 24hour timeframe.
But my question is this
How long would we have left until the GOLD run's out or even still IMPOSSIBLE to buy even a piece of a tiny fraction of gold???
So this is a real kicker of a question because we all like to own a piece of Gold and add many more to add to our personal collection.
Since Gold was founded in 4000 BCE which in my view I call it "Gold Haven" as it was all up for grabs back then. But now with gold worth nearly £2,500 or US cases $3,000. But is there any time left.
As according to US DEBT CLOCK
As I looked at this I was shocked as the UK are not on the list for Gold Holdings list, but by looking at the Precious Metal's Production to date it stands at 48.6M Oz of Gold. But however if look at the Reserves it is down to 1.7B oz of Gold. But with the world still in DEBT, It could be a matter of time in the current future that the world may hit the RESET Button or switch over to the power wealth of GOLD.
What does that mean for me?
What it means for me in general, well so far I have 0.7 oz of Gold which I'll will show you as I started this from probably from the COVID era with the first two from Photo number 1 which resembles on the back QE II and on the second photo which resembles on the back on the current king KC III, as Britannia covered In this beautiful gold is my current favourite outright.
What is their true value in the future?
Now this a question is really important because as I going to say as this question is hypothetical, so let's put it like this
I've got 0.7 oz as I have spent a total of £1,502.29 from Day one, so now we will look into the future so let's say JUN 2030 as we using the tradingview's platform
So by looking at this graph, we see that the value would be approx £3,034.37 per ounce (which is still hypothetical).
Now we will need find the value, so let's do this, Multiply the value by the ounces which is £3,034.37*0.7 which makes it a total of £2,124.06 And now we need to subtract that from costs.
Let's do this
£2,124.06-£1,502.29 = £621.77 (PROFIT)
After all the equations, which means that I am currently in the BLACK but we all must be remained caution before prices can and always fluctuate, even with this graph as this is 5 years into the future.
CONCLUSION
Basically in my longest ever blog conclusion I'd feel that time to buy GOLD is somewhere now rather than leaving to buy some in the future because I f you leave it for far to long, then you might just regret it.
Mr. BullionHunter
ALSO FOR ONE MORE THING I AM NOT A FINANCIAL ADVISOR AS THIS BASED ON MY OWN PERSONAL VIEW.