Am not a gold bug particularly or a catastrophist but saw an interesting interview recently where it was suggested the real reason for the rising price was that countries like China saw the US and allies confiscate Russian foreign reserves after the invasion of Ukraine and have responded by buying something physical which can be held and is safe from digital confiscation. Add to that China’s own people wanting to store wealth in something more reliable than housing …., and hey presto….
All this in tandem with the usual inflation and geopolitical hedge approach. I note even my conservative super fund now holds physical gold.
Which means endless analysis of interest rates and currencies may not be the way forward.
Am not a gold bug particularly or a catastrophist but saw an...
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Last
55.5¢ |
Change
-0.005(0.89%) |
Mkt cap ! $334.9M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 57.0¢ | 55.0¢ | $235.0K | 421.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 243619 | 55.0¢ |
Sellers (Offers)
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| 55.5¢ | 5858 | 1 |
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| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
55.5¢ |
Change
-0.005 ( 2.19 %) |
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| Open | High | Low | Volume | ||
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| Last updated 15.57pm 03/06/2024 ? | |||||
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