Rising cost of living

[1andrew1]

Originally Posted by Paul

You should probably check before making daft remarks.

Gold has increased in value by about 40% in the last 3 years.

Where are you getting 40% from?

[Taf]

Originally Posted by 1andrew1

Sadly, I doubt it. It says your credit lasts as long as your account is active. Closing it means it is inactive.

Yes, they replied to a query I sent:

Good Afternoon,

Thank you for your email. I am afraid that the credit would be lost if ou (sic) decide to leave us.

Thank you.

Originally Posted by 1andrew1

Where are you getting 40% from?

A wonderful invention called the "Internet".
You should try it sometime, and look up gold price charts.

[daveeb]

Originally Posted by Paul

A wonderful invention called the "Internet".
You should try it sometime, and look up gold price charts.

In addition to the previous link provided this one confirms 17-18% rise in the last 3 years. Taken straight from the internet.



https://www.bullionbypost.co.uk/gold...ar-gold-price/

[1andrew1]

Originally Posted by Paul

A wonderful invention called the "Internet".
You should try it sometime, and look up gold price charts.

You sure you're not quoting from a day time TV advert? The figures that Dave cites seem closer to the mark.

[Julian]

TBF the price increase from December 2019 to now is easily 40%. That would still count as in the last 3 years

[1andrew1]

Originally Posted by Julian

TBF the price increase from December 2019 to now is easily 40%. That would still count as in the last 3 years

Using Dave's source, if you took the lowest price in December 2019 and compared it to today's you're not getting 40%.

[Jaymoss]

if you go from January 2019 then it appears to be upto 50% higher today

https://www.bullionvault.co.uk/gold-price-chart.do

---------- Post added at 15:09 ---------- Previous post was at 15:06 ----------

Originally Posted by 1andrew1

Using Dave's source, if you took the lowest price in December 2019 and compared it to today's you're not getting 40%.

There are only a few months in it as the graph clearly shows. So if Paul was to say 3 1/2 years ago he would have been absolutely correct as that is when the prices started to rise rapidly. So you are simply arguing for the sake of it Andrew

---------- Post added at 15:12 ---------- Previous post was at 15:09 ----------

In fact any date before 14th May 2019 he is correct so you arguing over less than 3 months out

[daveeb]

Originally Posted by Jaymoss

if you go from January 2019 then it appears to be upto 50% higher today

https://www.bullionvault.co.uk/gold-price-chart.do

---------- Post added at 15:09 ---------- Previous post was at 15:06 ----------



There are only a few months in it as the graph clearly shows. So if Paul was to say 3 1/2 years ago he would have been absolutely correct as that is when the prices started to rise rapidly. So you are simply arguing for the sake of it Andrew




---------- Post added at 15:12 ---------- Previous post was at 15:09 ----------

In fact any date before 14th May 2019 he is correct so you arguing over less than 3 months out

If you have gold today then it has made 17.99% over three years. The price obviously fluctuates wildly but the important number is todays one. Tomorrow may be different.

[Julian]

Originally Posted by 1andrew1

Using Dave's source, if you took the lowest price in December 2019 and compared it to today's you're not getting 40%.

I didn't use Dave's source.

Anyway most people can't afford gold to invest so won't affect the vast majority as part of the thread title.

[Jaymoss]

May 2019 price was around £31.300 per KG price today is £47.100 per KG think that is a little more than 17.99% as you say price fluctuates but there you go. The peak before then was December 2018 @ £32.900 so it is fair to say that gold prices have increased by around 40% in a little over 3 years. I think Paul was referring to the start of the boom that happened in 2019 not a couple of months into it which I think is fair enough. All arguing against this is pure pedantry which is fine of course but it is what it is

[daveeb]

Originally Posted by Jaymoss

May 2019 price was around £31.300 per KG price today is £47.100 per KG think that is a little more than 17.99% as you say price fluctuates but there you go. The peak before then was December 2018 @ £32.900 so it is fair to say that gold prices have increased by around 40% in a little over 3 years. I think Paul was referring to the start of the boom that happened in 2019 not a couple of months into it which I think is fair enough. All arguing against this is pure pedantry which is fine of course but it is what it is

I'll try that argument and cherry pick the optimum exchange rate date next time I go and change some world beating sterling into those pesky euros.

[Taf]

Error edited

Originally Posted by Taf

My phone is basically for emergencies, but also for all the One Time Passwords that I have to receive by mobile phone when making some purchases online, but also instore sometimes.

The beauty of the ASDA PAYG was that you only have to make one text every 6 months to keep it alive. So 4p twice a year.

The 1p SIM requires £10 every 3 months, so £40 a year.

But they do say

"Credit rollover
Your credit lasts as long as your account is active, with no credit expiry period" so perhaps they would refund all the £10 topups if you decide to leave?

[Sephiroth]

Originally Posted by Jaymoss

May 2019 price was around £31.300 per KG price today is £47.100 per KG think that is a little more than 17.99% as you say price fluctuates but there you go. The peak before then was December 2018 @ £32.900 so it is fair to say that gold prices have increased by around 40% in a little over 3 years. I think Paul was referring to the start of the boom that happened in 2019 not a couple of months into it which I think is fair enough. All arguing against this is pure pedantry which is fine of course but it is what it is

I hope you don't mind me pointing out that the European decimal notation can confuse Brits. Shouldn't that have been "£31,300"?

[Jaymoss]

Originally Posted by Sephiroth

I hope you don't mind me pointing out that the European decimal notation can confuse Brits. Shouldn't that have been "£31,300"?

yes haha