Unless bitcoin, or any form of cryptocurrency for that matter, becomes backed by gold, as in 'real and material payment', they will always be a zero and/or a one in computer bit code. I would add that any currency which fluctuates to the degree that blockchain does is no substitute for the present fiat OR possible gold backed system. If any blockchain ever becomes backed by gold,I will be keen to make a deposit.
Aside from that, any non-gold backed blockchain currency is a short-term punt, at best,IMHO. What DEG has and WILL soon have ,as I comfortably presume, in the ground ,is nothing short of a Tier 1 asset, and will soon become the base of future tangible wealth.
As for the price of gold, the macroeconomic present points into the bullseye of the target for an imminent continuance of the recently begun gold bull market. Manipulation is rife in spot gold, and there will be numerous attempts to shake out those who fail to see the macro-economic writing on the wall. Those that buy and hold with confidence, with full understanding of the above,should be confident of the end game.
DEG has just recently appeared on the radar. Imagine the possibilities once spot gold and further favourable drilling results become as one. It's not a matter of IF, but of WHEN.
A.I.
Chart - TA, page-9
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Last
$1.40 |
Change
0.035(2.57%) |
Mkt cap ! $3.343B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.43 | $1.38 | $4.057M | 2.901M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4610 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 85948 | 7 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |