Dougie
Gold is a commodity not money.
It can be used as a defacto currency if people are willing to accept it as payment, which many individuals around the world will, however it's value as such is only by agreement.
I am a gold bug but not on the currency standard side of the fence. Those who are, are on the wrong side of a very very long bear. There is no magic to this, gold is simply not a practical means of monetization. The fiat system is because it monetizes all product not just one very small sector.
Gold may well spike to US$3k plus, and I'll be very happy if it does, but that doesn't create a mystical new pedestal for it because if you didn't have any when the peak started you're going to need to find US$3k+ to get an oz. Since it's primary value is in jewellry, demand will react to curtail price. Further it's secondary value is as a hedge against inflation for those who go to gold for that purpose so when inflation comes back so will that factor.
It's simpler for everyone to recognise that there is a bull market for gold without any of the mystical stuff.
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Last
33.5¢ |
Change
0.005(1.52%) |
Mkt cap ! $274.1M |
Open | High | Low | Value | Volume |
33.0¢ | 34.0¢ | 32.0¢ | $1.179M | 3.570M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 103017 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 745273 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60 | 0.330 |
2 | 146000 | 0.325 |
3 | 55701 | 0.320 |
3 | 541714 | 0.315 |
6 | 138871 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 504908 | 14 |
0.345 | 969105 | 2 |
0.350 | 23000 | 2 |
0.355 | 137606 | 4 |
0.360 | 168866 | 8 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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