Loading ...As I keep explaining to Mrs. F. nothing has changed as to why we have the stuff. The price (in AUD) is still above the 1st February close. What has changed is the FUDD arising through the oil/war events, causing sell-offs all round including those newcomers (envision queues of people, not institutions or CBs, lining up to buy phizz, dealers running out, commissions of 20%) to the metals who were caught up in the huge rise in prices since January 1st. Now they are experiencing high volatility which they can’t take, so are dumping in panic. Gold in USD:
1st Jan $4,326
1st Feb $4,884
Now $4,818
1st Jan 2024 $2,063
So even if it loses another $500 by the end of March, we’ll be back to where we started at the beginning of the year. There have been many instances over the last thirty years when a quarter during which the price wasn’t up overall was a good quarter!