GOLD
Click for more information
0.51% $1,391.7 gold futures

:( They pay legal tender local currencies in every countries. In...

  1. Forged
    12,635 Posts.
    lightbulb Created with Sketch. 138
    clock Created with Sketch.
    16/05/17
    09:43
    Post #: 24709437
    They pay legal tender local currencies in every countries. In Australia you can't use USD to buy anything, you have to convert it to local legal tender AUD based on today exchange rate. But gold is always valued in USD. You "WILL NEVER" see gold suddenly trading at AUD$5000 today while it's only valued at USD$1230 today, because that's not the exchange rate between AUD & USD. Hard to explain.....some may understand what I'm trying to explain, but that's the fact. Sorry to disappoint you
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS AI stocks: What to expect in 2024-25
right-arrow Created with Sketch.
ENR Encounter sniffs 4% niobium across 1.6km of strike in WA
right-arrow Created with Sketch.
NEWS Bitcoin investors need to know the risks
right-arrow Created with Sketch.
IVR Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage
right-arrow Created with Sketch.
NEWS Almonty locks in govt agreement for tungsten oxide plant in South Korea
right-arrow Created with Sketch.
NEWS Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within
right-arrow Created with Sketch.
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.