A quote:
'The point about paper markets losing control over pricing is made clear by assessing the potential demand and behaviour of China’s household savers. Their annual savings run at about 46 trillion yuan ($6.3 trillion) which is the equivalent of 85,000 tonnes of gold. With property and the stock market out of fashion, most of this is going into bank deposits. Undoubtedly, it won’t take much for a gold-loving Chinese population to start bidding prices higher. In fact, it has already started.'
The Japanese, too, must be ready to throw their cash, into anything but the Yen, which is heading downhill on the slippery slope.
It will not take much, for a gold fever to arise, across our planet.
A quote:'The point about paper markets losing control over...
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Last
$13.71 |
Change
0.250(1.86%) |
Mkt cap ! $15.75B | |||
| Open | High | Low | Value | Volume |
| $13.76 | $13.82 | $13.57 | $108.5M | 7.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110631 | $13.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.71 | 48528 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| NST (ASX) Chart |