You are right be we must also remember Australia does not control the gold price, its a global market.
Sometimes people make the mistake of looking at Australian inflation as market maker but it appears to be a world issue. You cant eat gold in a recession. India on the other hand appears to be more of a market maker, moreso than China.
Interest rates in Australia could reach 15%, 80% of Australians have less than 400k debt and have a double take home income of 120k plus. If global households can withstand 15% which takes 50% of take home income, then gold could reach a lot higher. It will take a giant move to slow inflation.
The suspense is killing me, page-37
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.18 |
Change
0.005(0.23%) |
Mkt cap ! $2.506B | |||
| Open | High | Low | Value | Volume |
| $2.17 | $2.20 | $2.14 | $4.590M | 2.116M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 133700 | $2.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 150298 | 34 |
View Market Depth
| Last trade - 14.30pm 06/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |