NST may well be over priced, when based simply upon shares versus JORC. However, anyone who looks out the window will see a whole forest of tornadoes moving around, anyone of which could jump the price of gold a $1000 overnight – a couple of burning tankers sunk in the straits of Hormuz, a default at the LBMA when the spinning plates finally crash, a squeeze from Russia and China on the gold market as the only way to rein in the US 'Rambo', an audit at Fort Knox to reveal that it is empty, etc, etc. The market will then be moving so fast that you won't be able to catch it. Hence the saying, better to be a month early, than a day late. Gold then is often just an expensive insurance policy, until the time you need it!
And where is Australia in all of this? The number two gold producer with 70kg of gold at the Reserve Bank and an LBMA certificate for the rest – a miserable70 tonnes or so, which could be anywhere by now, probably in the form of a gold bar hidden in the walls of a Shanghai bathroom! Of course if Australia had decided to buy its own domestic gold production for the last three decades then two things would have happened. Firstly, we would have been fabulously rich, and secondly, we would have been invaded. Nobody likes an uppity slave colony, free from the global banker's boot!
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Last
$17.73 |
Change
0.000(0.00%) |
Mkt cap ! $20.38B |
Open | High | Low | Value | Volume |
0.0¢ | $17.95 | $17.60 | $4.228M | 247.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11924 | $18.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.63 | 7248 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8390 | 18.620 |
10 | 18854 | 18.610 |
6 | 20182 | 18.370 |
1 | 62 | 18.190 |
6 | 21257 | 18.020 |
Price($) | Vol. | No. |
---|---|---|
16.630 | 9199 | 2 |
16.850 | 434 | 2 |
16.980 | 133 | 4 |
17.000 | 24211 | 6 |
17.150 | 634 | 1 |
Last trade - 09.50am 01/11/2024 (20 minute delay) ? |
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