What do you base your prediction. Gold price has stagnated at around 1700 USD now.
My prediction is correct as gold is now 2400aud.
If gold did head towards 3000 usd the world economy would collapse. A high gold price is a precursor to hype inflation or segmented hyper.
Erratic price movement of commodities is a form of hyper inflation which is never healthy. What you might call a commodities boom is often a dysfunctional market which results in a crash.
foreign exchange risk, page-38
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$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
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| RMS (ASX) Chart |