Gold Price

I have noticed with the current US internal crises our dollar has shot up value in comparison to the American dollar. Hence our gold price has shot up to $57.37 per gram and still climbing. May be a good time to sell and make a bit of money before Christmas.
wombat

Wombat wrote:I have noticed with the current US internal crises our dollar has shot up  value in comparison to the American dollar. Hence our gold price has shot up to $57.37  per gram and still climbing. May be a good time to sell and make a bit of money before Christmas.
wombat

Our dollar has gone down not up, it's at around 0.704 cents to the USD at the present time, only a few weeks ago it was around 0.735 cents to the USD

As our AUD is less it makes the gold price higher in our AUD as gold is quoted in USD, so if you want to buy something in USD it will cost you more in our dollars compared USD.

I don't mind the gold price going higher it's great, $1256 in USD price per troy oz and $1784 in our AUD per troy oz      

cheers dave

davsgold wrote:

Wombat wrote:I have noticed with the current US internal crises our dollar has shot up  value in comparison to the American dollar. Hence our gold price has shot up to $57.37  per gram and still climbing. May be a good time to sell and make a bit of money before Christmas.
wombat

Our dollar has gone down not up, it's at around 0.704 cents to the USD at the present time, only a few weeks ago it was around 0.735 cents to the USD

As our AUD is less it makes the gold price higher in our AUD as gold is quoted in USD, so if you want to buy something in USD it will cost you more in our dollars compared USD.

I don't mind the gold price going higher it's great, $1256 in USD price per troy oz and $1784 in our AUD per troy oz      

cheers dave

Thanks Dave
I think that is what I was trying to say. But in real term our Australian Gold price has gone up. Whoopy
wombat

Not much point in rejoicing at a higher gold price unless you have some to sell. Many gold buyers will hang off buying when the price is high, preferring to wait until the price falls back.

And have to sell by the kilo, not by the gram. The biggest concern here, is the falling of the Australian dollar. This in turn increases inflation, as well as the cost of everyday living. An increase in everyday goods & services, is what affects & hurts people the most.

Cheers Kon.

It's Christmas!!!. Who cares about the gold price, the Aussie dollar or whether trump suffers from Downs Syndrome, Aspergers and Dyslexia.
Deck the halls with holly.

Merry Christmas to you Adrian.                

Kon

Same to you mate. And thanks for corricting my little typo
Oh maaaan have I just had  quiet but great Christmas lunch. Won't have ta eat for a week. Really ed  out.
Now what I really really want to do is

Gold hit $1,801 Today. Happy New year to everyone and may all your signals be gold.


Cheers, Jim