Spot or futures price?
Previous was the spot price.
Here are the Futures
April
December
I hope they’re locking in some while it’s cheap
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They didn’t learn from the mortgage crash!
I guess question is whether they’ll pass the prices on…
Seeing how the politicians are acting behind the scenes it is highly unlikely people will see any meaningful lowering in cost. The gas companies will explain that due to expansion & employee hiring it has become more expensive to operate and therefore the necessity for higher prices is justifiable.
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Is it not like 3 months it’s passed to us used to be 6?
All I see happning on April’s prices is standing charges increasing to counter us all not using energy
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My energy prices per KwH for day rate are decreasing, night rate increasing same as standing charge
We’re in double digits in the UK currently, and it went up from Feb, instead of going down. How / why do they expect to reach 2% in 2024? Just raising BoE rate?
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The expected inflation is a big driver of the actual inflation. By saying it will go down, they actually try to bring it down. 
Sounds dumb, but - as all metrics in an economy - inflation is sometimes influenced by expectations more than actual events.
Whilst workers can strike, inflation will continue. It’s an obvious indicator of pricing power of labour in which the whole west is going through right now.
And yes, as much as everyone on loans hates it, demand must be curtailed and that involves high interest rates.
Mainly with the fed, a bit the BOE, ECB, BOJ and china. BOE is restricted by a balance of payments issue which will ultimately dictate how much inflation we get on the pound as that will be the release valve.
INFLATION in desirable or required assets will continue to stay and fluctuate and persist up & up & down and over longer periods inflate further & further.
If multiple people, companies or institutional investors all want things and scarcity continues then so will inflation. This will in time create buying opportunities into parts of sectors that fall under the radar for sometime.
Back in 2020/21 the people on furlough being paid 80% to 100% of their salaries thought they were getting richer by saving most of their income with little expenses, when in fact they were getting significantly poorer as desirable assets catapulted higher and many were not asset owners taking part in the growth.
Like all the top posters on here will have said at the time, the £700Billion - £800Billion was directly and indirectly always going to flow into the hands of the asset owners.
The asset owners (Tesco Bosses, Petrol Companies, Real Estate Owners, Energy Bosses) knew many people had inflated personal savings ready to drop on things so the price spiral continued, ultimately leading to most of that furlough money handed back to the asset owners, and them some.
This has left a huge gap between asset owners and non asset owners.
Many asset owners are happy to raise prices and have less custom, as long as the top line is rising at or slightly above their desired inflation target to sustain their lifestyle needs.
No matter how you look at it, the only way forward is to work harder / smarter / tougher / more skilled and accept an even lower quality of life to get a chance to become an asset owner. The stress & pressure is real. Most people are pretty happy content souls so it likely will not be devastating, just awkward.
My personal view is that 2nd home buying should have been halted for 3 years from March 23rd 2020 and then from the new tax year 2023 income tax should start at £21,000 and the wealthy should be taxed higher.
Many £650k properties are now £850k. Yet the interest you’ll likely pay of the mortgage is like £350,000 more than 2019… To combat this you’d need your wage to rise outlandishly (like 40%) and around the same time you’d need the over-leveraged multi property owners to unload rather quickly.
I see the UK about to have a growth of people doubling their salaries within a year, leaving their £25k positions and flying straight into £40k - £50k positions through sheer determination. That is solidifying inflation on top of everything else.
Which kinda sucks to have to work that hard to keep up. I think income tax should have gone up to £21,000 to equal out the ridiculous inequality throughout covid. None of these companies or asset owners done anything special deserving of that extra wealth given to them, handed over by tax payers money. It is absolutely sick but I’ll finish on a positive note.
Work. Freaking. Hard. And. Demand. Higher. Pay. Or. Leave. To. Work. For. An. Entrepreneur. Who. Will. Pay. You. A. Current. Salary. Worthy. Of. The. Times. We. Are. In.
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Good compilation of recent research:
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Thats a fantastic compilation of information and reading. Thank you 
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Q2 2023:
• Strange period as every company today is trying to sell you gold rather than buy your gold from you. Seems like the trade here is profiting off-of high metals premiums. Vastly different from 2009-2011.
• If you & your partner earn £40,000pa & £20,000pa you’d likely qualify for a £250,000 property (maybe a little more). Yet at these interest rates you’d struggle month to month and £250k barely gets you an apartment in the southeast.
• Inflation in the US has come down but if you reduce interest rates the price gauging will spike inflation again due to lack of overall supply of desirable things.
• Petrol is still significantly too expensive for many commuters in the UK. Inflation in the UK has simply demolished real purchasing power for working & middle incomes. The reality of that will show over the next 6 months and into Q3 2024.
• The yield curve is inverted. Look to see what happens AFTER it corrects.
• The UK shows no sign of lowering spending in accordance to GDP or at the very least homing in on spending and getting the most talented to spend wisely for the benefit of the country’s working people who would kinda REALLY like to be asset owners themselves sooner rather than later when they double in price again.
There seems to be a buying opportunity in the making although nobody quite knows what in? Or if they do they are staying quiet and watching closely.
I would say that before Q1 2025 the smart money would have found the opportunities and been buying heavily. It’ll have something to do with interest rates, perfectly sized & located real estate and a strong equity value-fund manager who noticed the buying opportunity in accordance with currencies & interest rates.
Inflation slowing is fine, what happens after the dust settles? The majority of the western countries populations will have lost all purchasing power by then.
Before 2025 something noticeably large will happen to do with loaning money and interest rates and inflation. Vague prediction I know though I believe it’s likely a large amount of deposited cash will move as more and more are shown how to do that, not too sure the outcome of this on asset prices but something is brewing.
Going by the gold price (aside from the obvious brics situation), I’m guessing the majority of smart money already anticipated the movement of cash out of banks over the next year once it moves mainstream and your lower average saver even moves from cash to CSH2 or physical gold, causing a large issue for banks.
Seems like gold is the smartest play as the inevitable money printing devaluing the cash will likely benefit the gold demand and keep it high for many years.
I do not like the medium-term outcome of saying this though I believe 2023/25 will see:
• RENTAL PRICES GROWING, as young people trying to buy houses will be forced into apartments with an inevitable government subsidy in some way.
• GROWTH STOCKS CORRECTING, to adjust to lower sales and high interest rates.
• SOLID VALUE STOCKS HOLDING STRONG.
• COMMERCIAL PROPERTY CONVERTED into apartments.
• A LARGE ISSUE WITH LOANS, INTEREST RATES AND CASH MOVING INTO CASH FUNDS & GOLD.
Prove me wrong?
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What is the cheapest way to invest in gold through FT? Any recommendations?
Gold ETFs
Yeah gold ETF/ETC probably. There’s a few good ETCs
£RMAP
£SGLN
These are probably the more well known two there are others. RMAP is interesting in that you should be able to go to Cardiff and get your physical gold from the royal mint if you wanted. Though how practical that is I don’t know
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