I have seen that there is only one 10th of a ounce of silver for every person in the world and of that by far the majority is stored in vaults around the world or is in a ring on your finger, around your neck or in your ear or some other form of piercing etc, which means that the amount of silver in the world that can actually be traded is absolutely minimal. Of that the majority is required for business industrial use i.e. used in solder etcetera on electrical connections, then you have the silver coins with America buying as many silver eagles in the last three months as they did in 4 months last year, and there is a shortage of the larger silver bars. On the gold side you hear that Switzerland will only provide 10 of the 20 tons per month (because there simply isn’t enough being mined) that China requires of gold and anyone attempting to buy large amounts is asked to pay 20 or 30% over the spot price. Yet the price is going down!?? If everyone bought just a 1g bar of gold the whole current system would simply collapse .
- Forums
- ASX - By Stock
- CAI
- True value of gold
True value of gold
- There are more pages in this discussion • 11 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 CAI (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $101.8M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $73.02K | 581.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 912453 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 1148186 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 816453 | 0.125 |
16 | 1010231 | 0.120 |
7 | 1056256 | 0.115 |
13 | 926965 | 0.110 |
9 | 892750 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 1122733 | 13 |
0.135 | 613045 | 9 |
0.140 | 972145 | 13 |
0.145 | 365714 | 6 |
0.150 | 501566 | 10 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
|
|||||
Last
12.5¢ |
  |
Change
-0.005 ( 3.85 %) |
|||
Open | High | Low | Volume | ||
12.8¢ | 12.8¢ | 12.5¢ | 347324 | ||
Last updated 15.55pm 30/05/2024 ? |
Featured News
CAI (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online