Many countries are in recession or about to be. So I think gold will keep going up. Also, gold shares should do well in Australia because we're heading for negative interest rates. This from an article I read today:
'Ms Conisbee said while homeowners personally celebrated interest rate cuts, dramatic cuts were “not a good sign” for the wider economy.“Rates are going down but at the moment people are going pretty well … but if the unemployment rate keeps kicking up it could get to the stage where people start to feel far more anxious,” she said.“And the other problem for people — particularly older people who don’t have mortgages and have money in the bank — is the very stressful situation of not only getting zero interest on their savings in the bank, but things like shares are highly volatile and uncertain at the moment, so there aren’t many places people can put their money to earn a fairly decent return.”'
- Forums
- ASX - By Stock
- BCN
- Only one way for gold to go
Only one way for gold to go, page-2
-
- There are more pages in this discussion • 30 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 BCN (ASX) to my watchlist
|
|||||
Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.4M |
Open | High | Low | Value | Volume |
2.6¢ | 2.7¢ | 2.6¢ | $15.11K | 569.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 427108 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 1293096 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 427108 | 0.026 |
3 | 762366 | 0.025 |
8 | 1433510 | 0.024 |
2 | 305869 | 0.023 |
3 | 1140000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 1293096 | 5 |
0.028 | 10007869 | 7 |
0.029 | 3785433 | 9 |
0.030 | 6373835 | 14 |
0.031 | 82290 | 2 |
Last trade - 11.31am 17/07/2024 (20 minute delay) ? |
Featured News
BCN (ASX) Chart |