cost of feul or better said cost of energy as that represents the cost of stuff which values our currency. When viewed from this angle the fed can’t do anything but make their buddies rich which is good for a select few.
energy availability is the only way to stop inflation. Yes that perceived dirty coal and oil and nuclear. And oil is king of the basket as it is unsubstitable in the mobile space. As yet I have not seen any renewable supplies that have a decent energy reward for effort. Not saying they don’t exist.
so when the new scheme from the fed comes at some stage I would expect a decent amount of people to look for an alternative currency. Gold has always been the transitional currency and been moved away from for a variety of reasons.
so with all the paper gold being null and void real stuff will have value I think.
do you guys ever think inground reserves may ever be used in the financial world to back a currency.
Chart - TA, page-2683
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Last
$1.37 |
Change
0.010(0.74%) |
Mkt cap ! $3.283B | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.40 | $1.33 | $10.11M | 7.349M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 102613 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 80705 | 3 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |