Holly moley, look at the gold price
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I don’t know why I’m working for a living
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I wanted to find how the gold price is fixed and it’s called the ‘gold fix’.
It’s in US dollars and our dollar is currently buying 68 US cents. There is a also a spot gold price. Nobody knows how high gold will go so buying it now is a bet on the direction of the World economy or something a lot bigger than Australia.
Realized a ‘rush on the banks’ is harder if they close all their branches That’s a worse-case scenario and may never happen in Australia.
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