Just like the oil price was revalued multiples higher in 1973 to create the Petrodollar system (there wasn't enough oil to USDs at the time so oil had to be repriced higher), that we have been operating under till recently.
Gold will have to be revalued multiples higher (gold price must be increased and debt monetised, to cater for amount of excess currency out there) now that 20% of global oil pricing is done outside the USD.
The GOLD to OIL ratio will garner more significance in the years to come as more folks wake up to this new reality.
8 barrels per Oz in 2014 and 26 barrels per Oz today and will go higher.
The trend is set. Higher POG imminent.
- Forums
- ASX - By Stock
- New interview 1 March 2023
Just like the oil price was revalued multiples higher in 1973 to...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BGD (ASX) to my watchlist
|
|||||
Last
26.0¢ |
Change
0.010(4.00%) |
Mkt cap ! $56.85M |
Open | High | Low | Value | Volume |
25.5¢ | 26.0¢ | 24.5¢ | $192.7K | 765.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1455 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 32000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 27618 | 0.240 |
2 | 18199 | 0.235 |
3 | 14500 | 0.230 |
2 | 18345 | 0.225 |
3 | 66003 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 32000 | 3 |
0.270 | 474024 | 5 |
0.275 | 50000 | 1 |
0.285 | 471 | 1 |
0.300 | 10000 | 1 |
Last trade - 15.52pm 30/08/2024 (20 minute delay) ? |
Featured News
BGD (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online