Gold Price $2213.02ounce

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Post  flake on Tue Feb 19, 2019 8:45 pm

Gold price ,now $71.15 7th Aug


Last edited by flake on Wed Aug 07, 2019 5:06 pm; edited 14 times in total

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Post  moredeep on Tue Feb 19, 2019 10:00 pm

hi flake, it is a nice round figure.
60 bucks for a bit a piddly bit of gold seems weird but then again that's why I think they call it PRECIOUS Smile
May it keep climbing and those grams keep popping out of this beautiful earth. Very Happy
cheers  moredeep
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Post  xmas tree on Wed Feb 20, 2019 12:01 am

Yes, it's a good price compared to what I was getting in the mid 80s. I sold a 64 ouncer for $33,500. That's about $17 a gram/$525 an ounce. ouch!

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Post  Mike54 on Wed Feb 20, 2019 1:11 am

I can remember way back when we were getting $14.00 a gram and thinking that was a good price. Shocked

All I can say is I hope it keeps staying up there. Very Happy

Cheers.

Mike.

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Post  Nightjar on Wed Feb 20, 2019 10:41 am

Mike54 wrote:I can remember way back when we were getting $14.00 a gram and thinking that was a good price.   Shocked

Cheers.  

Mike.  

Fair enough Mike,

But if we put in context with wages then and now it pans out. In 1962 when I began my apprenticeship my 40 hour week pay was £4 7/6.
The average earnings for a week’s work in 1965-66 was $57 for men, today the averages is around $1100.00.








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Post  Alan WA on Wed Feb 20, 2019 3:29 pm



Is it the value of gold going up or the value of our paper
money going down?

High gold price and TV shows showing how easy it is to find not
a good mix.

Very Happy
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Post  deutran on Wed Feb 20, 2019 5:12 pm

There's something that has been puzzling me for a while.Why is it that each time I've sold gold over the last 6 years the price is always the same no matter what the spot price is.This is not to say I didn't get a good price as I was surprised even when the spot was low.
Does anyone know currently what Coiltek and Miners den are paying with the higher spot price.
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Post  flake on Wed Feb 20, 2019 5:32 pm

Hi Nightjar,The price of gold in Australia in 1965 was $48 ounce, the price today is AUD $1874 ounce.

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Post  moredeep on Wed Feb 20, 2019 8:44 pm

More the reason to hang onto it if you can,10 years down the track it could be worth ?????.
I suppose it all depends on the stability of the world,if Armageddon appears gold might be worth a million dollars an ounce but a can of baked beans might be worth 1/2 a mill Laughing Laughing
But then again It's all relative I guess ,spent it now and have a bit of fun? Very Happy

cheers moredeep

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Post  Mike54 on Wed Feb 20, 2019 8:48 pm

Nightjar wrote:
Mike54 wrote:I can remember way back when we were getting $14.00 a gram and thinking that was a good price.   Shocked

Cheers.  

Mike.  

Fair enough Mike,

But if we put in context with wages then and now it pans out. In 1962 when I began my apprenticeship my 40 hour week pay was £4 7/6.
The average earnings for a week’s work in 1965-66 was $57 for men, today the averages is around $1100.00.

G’day Peter,

Yes I know what you mean, my first year app wage was $15.00 for 40 hr week (1970) my brother in law was working in a foundry as a labourer getting twice my wage.    Rolling Eyes

Cheers.  

Mike.

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Post  Travelergold on Fri Feb 22, 2019 1:45 pm

Gold price is still see sawing slowly upwards. $60 a gram. Need to be able to get out hunting again.  Very Happy

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Post  Tony Azarias on Tue Jun 18, 2019 11:38 am

I just begun reviewing The Definitive Guide to Gold, a free 65-page ebook that talks explains how gold is an important part of financial success. It’s pretty interesting to see how technology is changing the gold industry.

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Post  dundiggin on Thu Jun 20, 2019 12:00 am

Interesting comment by Moredeep ,, yes gold's value will increase running up to Armageddon BUT at that momentous event the scriptures say people will throw their gold into the streets... Bring it on,, I wont need my ageing detector...(this might be a bit too serious for some) dundiggin

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Post  AraratGold on Thu Jun 20, 2019 11:08 am

Just smashed through AUD $2000 per ounce for the first time in history !
Where will it stop ???????????

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Post  moredeep on Thu Jun 20, 2019 11:21 am

Is it because Donald wants fistycuffs with the ayatollah???

cheers moredeep
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Post  tony p on Thu Jun 20, 2019 6:57 pm

It's going in the right direction....when it hits AUD$30 000.00 per TOZ then Lisa and I should be close to breaking even.

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Post  moredeep on Thu Jun 20, 2019 7:41 pm

Geez that would be nice Tony, but unfortunately I don't think anyone would buy real/physical gold at that price.
Stock market gold is all in the digital world, backed up by places like fort knox.
I'm guessing rich billionaires in positions of power who have a paltry 100,000/several thousand ounces invested, can unstable the world market pushing up the price and making a quick tidy profit for themselves.
But then again we know that people in high office are extremely ethical and wouldn't do such things Laughing Laughing Laughing

cheers moredeep
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Post  deutran on Thu Jun 20, 2019 7:53 pm

The increase is mainly our dollar falling against the US.
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Post  joe82 on Fri Jun 21, 2019 6:09 am

$2008,21 this morning 21-6-19

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Post  adrian ss on Fri Jun 21, 2019 8:46 am

quote="flake"]Hi Nightjar,The price of gold in Australia in 1965 was $48 ounce, the price today is  AUD $1874 ounce.[/quote]

An oz of gold in 65 would buy a hell of a lot more then than it will today just as an oz of gold would buy more in 1852 than it would in 1965
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Post  mickb on Sun Jun 23, 2019 11:17 am

found this chart
only runs to 2012 but gives you an idea

http://goldsilverworlds.com/wp-content/uploads/2012/07/cpi_inflation_adjusted_gold_price_200_years_1800-2012.gif

its inflation adjusted gold price for last 200 years
or the true value of gold

regards
mick
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Post  adrian ss on Tue Aug 06, 2019 8:52 am

Almost 2200 AUD/oz.
I wonder how long ithe rise will last?
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Post  Kon61gold on Tue Aug 06, 2019 1:33 pm

As long as the tension between nations keeps escalating, so will the price of gold Adrian.

Cheers Kon. T25
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Post  geof_junk on Tue Aug 06, 2019 2:01 pm

I hope it goes up more to cover the loses in Super with the state of the Share Market.
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Post  adrian ss on Tue Aug 06, 2019 2:54 pm

Well there is some serious tensions going on between China, Iran and the USA and now Dim Sim Kim is stirring the pot again.

Here is where to find who is buying the most gold at this time.
https://www.forbes.com/sites/greatspeculations/2019/02/04/central-banks-havent-bought-this-much-gold-since-nixon-closed-the-gold-window/#7cd952ac3c2d
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