Traditionally it is slow moving. But at certain points in time gold moves fast like this as a response to the general loss of trust in the USD (and Fiat in general) as a store of value and U.S. Treasury bonds as a safe asset. Ever done the groceries lately, you can feel it. In Australia the same basket of goods cost roughly twice in nominal $ terms as it used to from 1998 to 2023; 25 years. Or in other words, in 25 years you've lost 50% of purchasing power... Gold is really just catching up.
If you don't believe me have a play of the RBA calculator.
https://www.rba.gov.au/calculator/annualDecimal.html
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Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $295.0M |
Open | High | Low | Value | Volume |
29.5¢ | 29.8¢ | 29.0¢ | $237.1K | 805.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 157227 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 449856 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 158741 | 0.295 |
18 | 531641 | 0.290 |
19 | 404321 | 0.285 |
15 | 1301477 | 0.280 |
26 | 673656 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 449607 | 12 |
0.305 | 161144 | 9 |
0.310 | 74889 | 9 |
0.315 | 222441 | 10 |
0.320 | 327901 | 13 |
Last trade - 10.20am 30/05/2024 (20 minute delay) ? |
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Last
30.0¢ |
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Change
-0.010 ( 0.00 %) |
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Open | High | Low | Volume | ||
29.0¢ | 30.0¢ | 29.0¢ | 443219 | ||
Last updated 10.39am 30/05/2024 ? |
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