While the ASX dines on caviar today.... an interesting look at gold reserves and why the Fort Knox 'inspection' didn't and won't go ahead..... from a guy who used to work for the US Federal Reserve.
Jim Rickards knows his stuff.
It's no secret to many that 'paper gold' is re leased many times over... ~ 100 times verses physical.
What's not so known or realised is the effect of.... standing for delivery.
If and when the Sh#t hits the fan... let's say a major black swan event occurs and a run on gold happens all this paper must be honoured.
Imagine.... 100 pieces of paper gold.... chasing the same 1 piece of real gold.
Some may say $25K US Au is pie in the sky.... but is it.
Gold to da moon.... maybe Mars isn't out of the question.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
-0.003(25.0%) |
Mkt cap ! $45.71M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 0.9¢ | $627.5K | 62.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 18121051 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 4110768 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| DRE (ASX) Chart |