My point is one statistic can not be taken in isolation.
In addition ... even if there is a physical shortage of gold, which there arguably has been for years... the gold price is set by a group of men sitting in a room in london at 3pm each day.
So trying to predict the gold price on the basis of supply and demand doesn't really work because the commodity doesn't trade on that basis... and it hasn't for the whole period it has been used as a medium of exchange. I am sure anyone investing in gold would have read Bernstein's writing on the history of this barbarous relic.
My point is the pricing of RMS right now has very little to do with the price of gold.
When I bought RMS about 3 years ago; gold was $700 and RMS was 40 cents
Now gold is 1350 and RMS is 25 cents.
RMS will only move when we get a new management team
As for your pricing of RMS at 25 cents... I would like to know
next stop 25c, page-5
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Last
$1.97 |
Change
0.015(0.77%) |
Mkt cap ! $2.247B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.01 | $1.95 | $9.599M | 4.870M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 87547 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 134610 | 6 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |