Gold would be worthless if we all agreed it was worthless, I see that point. However, to most of us, Gold is precious indeed.
Gold has profound history. It is physically real, unlike digital fiat's and bitcoin. And for this reason, when the sh*t hits the fan, Gold stores incredible value. And, while Gold markets can be manipulated and QE devalues the fiats, in the end you can't print Gold.
I wonder what would happen to all the digital money if a big solar flare hit wiping out millions of computer systems. Maybe someone wiser might know the answer to that.
The charts dont look great for Gold stocks
at the moment. I also have the feeling there will be more selling. Gold possibly heading down in my opinion.
Is a buy back a silly idea?, page-40
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Last
$1.90 |
Change
0.030(1.60%) |
Mkt cap ! $2.171B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.92 | $1.89 | $6.303M | 3.314M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 82778 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 114974 | 13 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |