It may be about inlationary (either perceived or actual) expectations hence it's volatilty but at it's true level it is about "real" inflation, not measured inflation.
At a basic level it is about the real inflation of staples particularly food......The measure of basic wealth is the affordability to pay for food.
On this site some months back the comment was posted that at any given time generally and in a stable economy the price of one ounce of gold in any currency will buy approximately 300 loaves of bread.....That seems to hold true.
Someone may be able to explain the union between the two
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$1.77 |
Change
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Mkt cap ! $216.0M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
| LGL (ASX) Chart |