@GT55 The "value" of gold never changes, but the more money printed (USD) the less valuable is the USD relative to gold. Gold expressed in USD rises in "price".
Your thesis could be true if the printed $ are used to execute PAPER gold contracts (short) that depress the price of gold. The ability to do this is increasingly time limited because more and more parties want physical as they are not prepared to shoulder counter party risk holding paper.
V
BML Chart, page-1594
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9.9¢ |
Change
-0.001(1.00%) |
Mkt cap ! $23.10M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.9¢ | $87.46K | 864.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 40000 | 1 |
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| BML (ASX) Chart |