For those predicting gold "going to the moon" and being a "store of value" "guard against inflation" etc etc .... think again.
Yes, in numerical terms, it may provide protection against currency devaluation, especially with currencies like the Argentina peso.
But compared to holding other hard assets, such as Sydney, London, NY, Paris real estate, or investing with Warren Buffet types, its comes a very distant second. In the future, it may be far more advantageous to be invested in certain metals, A.I. stocks, drug companies etc etc.
The current gold boom has special factors that may not last such as "de-dollarisation", especially when the Yuan is traded like the US$, when the Indian Rupee is strong, and when a new world trade order is established.
Its simplistic in the extreme to project gold having exponential growth, into a future that will be dominated by technology and human advancements on a scale currently unimaginable, where other more sophisticated forms of wealth and capital will surely exist ...... if mankind hasn't created a permanent nuclear winter.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 33.5¢ |
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Price($) | Vol. | No. |
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34.0¢ | 1015223 | 12 |
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16 | 2793525 | 0.330 |
17 | 1183035 | 0.325 |
37 | 2285583 | 0.320 |
15 | 714977 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 1015223 | 12 |
0.345 | 991829 | 9 |
0.350 | 306612 | 10 |
0.355 | 542679 | 13 |
0.360 | 1014506 | 17 |
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