Bit of extra observations I found interesting tonight.
Russian and Turkey banks buying gold
Wiser to pay an extra $500 ounce for gold than loose 60% or more of the value of your currency in foreign exchange losses.
Russia $600 bilion in reserve cash.
https://www.bbc.com/news/business-60543994
Russia and turkey buying gold as both currencies fall.
https://www.thenationalnews.com/business/economy/2022/03/07/russias-central-bank-resumes-buying-gold-from-domestic-producers-as-sanctions-bite/
Turkey bought more than 10 tonnes in January
Here is something that crossed my mind, Turkey anticipated a currency collapse with advance knowledge of Ukraine invasion and bought up.
gold $3500 aud with 21 days, page-2
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.96 |
Change
0.075(3.98%) |
Mkt cap ! $2.240B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.92 | $38.99M | 19.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76412 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 265057 | 9 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |