It's not so much the amplitude of price change, but the direction of both. If you open the link above, and observe carefully the chart may have explain that better. This chart is not just over weeks, but months and years.Not sure of your correlation here. Apart from the dip in November, oil compared to gold has basically gone sideways whilst gold in the same period has gone from US$750 to almost 900.
This whole week as oil has gone from 97.50 to 92.50 gold has gone the other way by around $30. In fact it has gone up this week even as the $US dollar rose.
Some weeks ago it also seemed to follow the Dow but has decoupled from this as well. The uncertainty in the markets, in particular the concern at the impending collapse of the worlds reserve currency is clearly reflected in the growing strength of the gold price
Flight to gold as investors lose faith in money
In the Middle Ages gold fetched nearly $3,000 an ounce in real terms. The price fell to nearer $550 when Spain flooded the world with Aztec and Inca riches, and there it hovered for three centuries.
But the modern era has been an aberration. Supply is exhausted. Perhaps we should now regard the Middle Ages as the proper benchmark price. One thing is certain: gold will outperform paper as long as governments keep increasing the global money supply 15 per cent a year.
Not sure of your correlation here. Apart from the dip in November, oil compared to gold has basically gone sideways whilst gold in the same period has gone from US$750 to almost 900.
This whole week as oil has gone from 97.50 to 92.50 gold has gone the other way by around $30. In fact it has gone up this week even as the $US dollar rose.
Some weeks ago it also seemed to follow the Dow but has decoupled from this as well. The uncertainty in the markets, in particular the concern at the impending collapse of the worlds reserve currency is clearly reflected in the growing strength of the gold price
Does anyone know if there is a thread on gold.asx? (can't seem to find it). Was wondering of members thoughts on this, or where thoughts are on this site if they exist? Thankyou in advance
I think she means Ticker GOLD traded on the ASX
no theres no thread that i know of.
Yes, I mean gold (that is the code listed on our asx.....saw a write up in the bulletin mag a few months back on how to obtain exposure to gold price, and this was one suggestion) Gold Bullion Ltd
They just buy gold and store it in a vault and charge 0.4% pa in fees. If you can't quite buy a bullion, then perhaps this could be an alternative. sp follows spot price I think. No expert though.......asking the experts about it here.......
Are there others (apart from miners) on the asx to gain exposure to gold (apart from buying from the mint yourself)?
It does trade, although typically the MM (Goldcorp) is the only one with a bid or offer.Doesn't even seem to trade though (as it's [ZAUWBA] a call-warrant!)
Just keeps boxing on... and on.. and oops..
Cheers
.........Kauri
I have noticed the correlation as well. Usually oil price x 9 = gold price. Hence I do expect gold price to reach a peak soon.
But I do agree that we will see gold price reaching US$1000, maybe this year.
and to think that 8 or so years ago gold was almost worthless. as an economist i dont understand the desire for a piece of dirt, but according to the markets its the base storer of value - and if that's the case, the more speculation and uncertainty about the world economy's outlook the more money that will be 'parked' in gold.
i dont know what all those lines mean,
I believe http://www.perthmint.com.au/perthmintgold.aspx
ZAUWBA Found this whilst looking for gold exposure.
I could be wrong though, I'm not exactly a gold bug: Yet, at least.
Doesn't even seem to trade though (as it's a call-warrant!), GOLD is probably a much better option; the part about the fees isn't all that appealing, though.
Well, well well....That's what you call a Jack Stand. It's a new adaption (contraption) to charting
It's stops the stairway to higher prices from falling down.
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