IVZ media thread, page-6937

First 6937 Last

Share
Profile

Follow
mwatts

3,475 Posts.

797

08/07/24

01:09

Post #: 74646333
Share

Originally posted by Rustybullet1: ↑

US left gold backing so that they didn’t have to hold the physical gold required for its backing.
They attached the US dollar to the “petro-dollar” meaning all trades in oil and gas were to use $US - creating a demand of supply of $US for other countries to do trade. This has allowed the US to print money hand-over-fist unchecked.
Fast forward to 2024 - a lot of countries are now direct trading oil and gas …bypassing the need for USD…. and there’s the emergence of BRICS to consider.
I believe it to be a very astute move to back the ZiG to the price of gold - check out the POG over the last 5-10 years….. the return on gold has changed dramatically, yet mainstream still sprout the same narrative.
At some stage in the next 5-10 years I believe the US dollar will weaken significantly - with the removal of demand from the petro-dollar - whilst gold will remain a commodity of financial choice.
China has been accumulating gold at a significant rate for quite some time now …. I wonder why ?

”New Case for Gold” is a good read on this topic if anyone’s interested. - its about 10 years old, but a lot of things written in it seem to be slowly coming to fruition.

Meanwhile, I hold and remain steadfast with my IVZ investment - fundamentals haven’t really changed since my decision to enter - in fact the potential resource has only been improved… in it for the long term.

Expand

Cnl Gaddafi of Libya tried to creat a currency backed by gold, the yanks paid terrorists - sorry freedom fighters to stick a sword up his butt for his troubles. Now Libya is a failed state.

Last edited by mwatts: 08/07/24

IVZ Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
7 Upvote

1 Great analysis

Reply

Top Stories

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

There are more pages in this discussion • 913 more messages in this thread...

First 6937 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.2¢		Change 0.002(3.33%)		Mkt cap ! $92.50M

Open	High	Low	Value	Volume
6.1¢	6.2¢	6.0¢	$43.35K	707.3K

Buyers (Bids)

No.	Vol.	Price($)
2	205329	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	102656	2

View Market Depth

No.	Vol.	Price($)
2	205329	0.061
8	799268	0.060
9	761109	0.059
6	800344	0.058
1	70000	0.057

Price($)	Vol.	No.
0.062	102656	2
0.063	293125	2
0.067	97834	1
0.068	117728	4
0.069	155000	1

Last trade - 12.05pm 13/11/2024 (20 minute delay)

IVZ (ASX) Chart

IVZ media thread, page-6937

Overland drilling proves promising for Australian Rare Earths' uranium hopes

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

IVZ media thread, page-6937

Top Stories

Overland drilling proves promising for Australian Rare Earths' uranium hopes

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News