@coto - while I love the idea of the gold price hitting the stratosphere, I wonder at what point does price limit gold's utility and demand. For example, if the price of gold tripled, what does that mean for the jewellery market - would people continue to pay that much for gold jewellery or would demand dry up? I'm sure where there is an industrial/commercial use for gold, companies would find a way of absorbing the cost (or seek an alternative product if possible). The notion of gold getting to a price where it loses it's utility starts to beg the question - what's the difference between gold and Buttcoin other than one is a physical product and not just a fart in a jar. I think gold has to stay somewhat affordable to maintain its utility and this may be a natural barrier to it's price growth? Be interested to hear from an economist on this one!
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Last
$4.58 |
Change
0.010(0.22%) |
Mkt cap ! $9.110B |
Open | High | Low | Value | Volume |
$4.62 | $4.65 | $4.58 | $32.64M | 7.084M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18510 | $4.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.59 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18510 | 4.580 |
4 | 69896 | 4.570 |
7 | 163449 | 4.560 |
6 | 84643 | 4.550 |
2 | 12313 | 4.540 |
Price($) | Vol. | No. |
---|---|---|
4.600 | 8440 | 1 |
4.610 | 14330 | 5 |
4.620 | 154066 | 5 |
4.630 | 59896 | 2 |
4.640 | 79746 | 6 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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