Hey Marri.
You can "make" Mars Bars, you can make Holden cars and you can make houses - there is no shortage of the raw materials.
However - you cannot "make' gold. There is a finite supply of it, and the gold that is not above ground presently is getting harder and more costly to find, and harder and more costly to get out of the ground.
In the long term the price per ounce of gold logically has to go up.
The Chinese are well aware of this and they are buying all of the physical gold available. They probably cannot believe their luck with the price being held back so nicely for them. They would probably be prepared to pay a lot more than they have to at the moment. The US and European financiers who play around with paper gold and set the price today will ultimately dance to the tune of Chinese pipers.
See what the gold price is then!
Hey Marri.You can "make" Mars Bars, you can make Holden cars and...
-
- There are more pages in this discussion • 13 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 PRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $5.294M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $1.388K | 556.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 23213615 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 16131856 | 20 |
View Market Depth
| Last trade - 14.02pm 26/07/2024 (20 minute delay) ? |
| PRX (ASX) Chart |