Gold
Day 1,163, 14:26
•
Published in Australia 
•
by
•
by SuperKingBobby
As of the time I started this article there is 144.21 gold on the market to be bought with AUD.
80% of that is in one offer and it is currently the cheapest at 143 AUD per gold.
The next highest is .01 gold at 180 AUD then 5 gold at 189 AUD.
That's when it gets interesting, the price of gold jumps to 1000 AUD per gold.
I believe the key here is the offer that controls 80% of the gold. If they were to raise their price to 180 AUD they would still be the cheapest and without intervention from other sellers could cause depreciation of 25%.
In other words, I'm just telling you what you already know, AUD isn't good for anything but etoilet paper.
That's all.
Facebook
Twitter
Discord
Comments
its not just here, gold is scarce everywhere.
Yes but not to the point where one offer could drop the currency 25%.
"AUD isn't good for anything but etoilet paper."
AUD is good for buying food, weapons, tickets, houses and paying wages and buying RM. It is just not very useful for buying gold.
Isn't it improving though? Its a slow and steady process but there should be some signs of light at the end of the tunnel by now?
Well really I was just trying to say that this one posting that controlled 80% of the gold offered is the key to the valuation of the AUD. If they decide to take it down then there is only 5.01 gold left before the price hits 1000 AUD.
Around 60-70 gold for new zealand before they reach reach 1000. (Thats just some rough working out).
yeh I know what you're saying, just making the point that gold deflation does not necessarily mean price inflation so instead of paying gold for boosters it is now much more price-effective to buy lots of food and weapons to fight with 😃
It is interesting to point out that in the past few days food prices have dropped.