Gold Price

Gold might be about to make a bit of a run.
In light of the stocks and shares prices nose dives I wonder if the Govs will put a stop to the public buying gold bullion?

https://www.moneymetals.com/precious-metals-charts/gold-price

Doesn't look quite so impressive in US dollars.

Reg Wilson wrote:https://www.moneymetals.com/precious-metals-charts/gold-price

Doesn't look quite so impressive in US dollars.

R U in America reg?

Looks impressive to me

Hoolahoopa, the international gold price is always quoted in US dollars, not AUS dollars. The price is high in Aus dollars because our currency has collapsed. We may get a high price for our gold in Aus dollars, but will pay more for goods from USA and other countries whose currency has not suffered the devaluation that ours has. Importers have had price increases for goods from these countries with a more buoyant currency all ready.
Bank rates may be low but the cost of living will increase as we will have to pay more for imported goods. We will need to get more for our gold as the goods we purchase will cost more.

Reg I do understand all what you have said. But I haven't noticed to much going up exponentially where I live just yet. Alli know is it live in Aus not the USA so personally couldn't give a rat's for the US price .

Reading that a lot of people are trying to change their paper gold to physical gold . They cannot keep up with demand for 100 oz. bars . Forecast price for 2021 is USD$2,000 per oz .

hoolahoopa wrote:Reg I do understand all what you have said. But I haven't noticed to much going up exponentially where I live just yet. Alli know is it live in Aus not the USA so personally couldn't give a rat's for the US price .

This is out of date but contains some interesting valid information.
https://economictimes.indiatimes.com/markets/commodities/views/who-sets-gold-price-this-will-change-your-outlook-for-the-yellow-metal/articleshow/62365567.cms?from=mdr

AUD  value has crept up a bit.     1 AUD = 0.616479 USD    1 USD = 1.62211 AUD

Au gold price.
https://goldprice.org/gold-price-australia.html

Just sold 5ozs at $2640 an oz. Happy days until it keeps going up i guess.  cheers Pete.

G’day Pete,

Great price for your gold and I wish we could have known that 20+ years ago when we thought $15.00/gram was a good price.


Cheers.

Mike.

Since the price went above $80 a gram, Ive been scrounging around the yard and shed digging up bags of old crushings, discarded sluice concentrates, uncrushed 'hot rocks' and iffy bits n pieces from god knows where to see if I can re-pulverise it all and pan out a few grams! Backyard prospecting coz I cant get out anymore haha. only got $40 worth so far....might hafta start a shaft