"The price of gold went from a set exchange rate of $42.22 per troy ounce in 1973 to almost $200 per ounce in 1976.[9]"
And then up to $850 in 1980. Not too shabby.
Also, gold is a lot easier to store than coal.
You can hold $50,000 worth of gold in one hand, but that's 300 tonnes of coal.
Try storing that in your garden and see what the neighbours say.
"The price of gold went from a set exchange rate of $42.22 per...
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Last
$6.26 |
Change
0.140(2.29%) |
Mkt cap ! $8.265B | |||
| Open | High | Low | Value | Volume |
| $6.17 | $6.32 | $6.16 | $14.11M | 2.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 90391 | $6.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.26 | 119522 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| YAL (ASX) Chart |