In 1970 gold moved from $36 usd ounce to $835 in 1980, followed by a correction back to $420 usd 1983.
Between 1980 and 1994, 1,617 commercial banks failed
Notice that even though gold rose and fell back to 420 usd, this was still double the median income which indicates under similar circumstance gold is still a safe haven.
I know that is not practical to keep everything in Gold but they need do their best because the world is building up to a credit crisis that makes 1980 and 1970 look like a picnic.
Gold could reach $7000 usd by xmas at this rate.
In 1970 gold moved from $36 usd ounce to $835 in 1980, followed...
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Last
$2.51 |
Change
-0.430(14.6%) |
Mkt cap ! $2.908B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.79 | $2.49 | $44.80M | 17.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 77231 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 10639 | 1 |
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| Last trade - 16.10pm 23/04/2025 (20 minute delay) ? |
| RMS (ASX) Chart |