Traditionally it is slow moving. But at certain points in time gold moves fast like this as a response to the general loss of trust in the USD (and Fiat in general) as a store of value and U.S. Treasury bonds as a safe asset. Ever done the groceries lately, you can feel it. In Australia the same basket of goods cost roughly twice in nominal $ terms as it used to from 1998 to 2023; 25 years. Or in other words, in 25 years you've lost 50% of purchasing power... Gold is really just catching up.
If you don't believe me have a play of the RBA calculator.
https://www.rba.gov.au/calculator/annualDecimal.html
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Traditionally it is slow moving. But at certain points in time...
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $159.6M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 15.5¢ | $225.4K | 1.397M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 324550 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 46465 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 324550 | 0.160 |
11 | 671839 | 0.155 |
17 | 1200058 | 0.150 |
6 | 737585 | 0.145 |
9 | 2204800 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 46465 | 2 |
0.170 | 211572 | 5 |
0.175 | 295313 | 9 |
0.180 | 668704 | 14 |
0.185 | 572226 | 10 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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