It is worth checking out this 20 year chart of gold in AUD. For Aussie miners with the majority of their costs in AUD this is the most logical currency to quote and yet many still use the USD quote. If you are uncertain about the long term resiliance of gold just consider this monthly chart. On 31st July 2004 gold was $576 AUD a troy ounce. That ounce is today worth $3,541 AUD an ounce, that's over 600% gain in 20 years and while there have been many fluctuations, the long term trend is consistently positive.
Gold Price, page-250
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 (20min delay)
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Last
$1.13 |
Change
0.020(1.80%) |
Mkt cap ! $2.708B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.15 | $1.12 | $8.789M | 7.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 135222 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 68046 | 27 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.13 |
Change
0.020 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| $1.13 | $1.15 | $1.12 | 1547793 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| DEG (ASX) Chart |