If we had markets and not a sick parody of them, then gold would have exploded.
Historically gold would hedge for inflation. But after a pattern spanning millennia something has been decoupled.
Logically, you can't just double the money supply in a short period of time and expect prices to remain the same.
Inflation is up, finally. Gold is down after a brief surge of reality (what with a land war in Europe and other disruptions). Par for the course in Clown World 2020->
What we are seeing in Gold is paper fantasy contracts influencing the spot price for the real thing. In other words, manipulation by big fish/whales. Apparently all part of propping up the USD. I'm confident the whales aren't going hungry as they pursue this altruistic policy from above.
Hopefully by the time WWI is producing the price is more reasonable.
Ann: Placement Request under Equity Placement Agreement, page-121
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $40.66M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.6¢ | $17.95K | 1.126M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 700000 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1594709 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WWI (ASX) Chart |