gold Store prices...

[1FinickyOne]

I have not bought for a long time but passing by the last year or two the prices were about 20,000 to 22,000 or so when gold was at $1800-$1900 an ounce...

 

with gold down and dollar up, I thought I might buy some gold and looked at the price being near 30,000 baht... while gold per $ oz is down to 1700 - and lower...

 

what happened? Did the $ rise push the gold price up? Even though gold is down? 

[Richard 2020]

no words....  ????

 

[Mac Mickmanus]

7 minutes ago, Richard 2020 said:

no words....  ????

 

Gold is the same price that it was ten years ago 

[bkk6060]

This has been one of the biggest tests ever for gold as itś number one attraction has always been it is a great hedge against inflation.  It has failed and is down more then 10% from itś high while inflation is raging.

Some predictions showing it going much lower by the end of the decade.  I would dump it now and buy Apple stock, but up to you.

 

The World Bank predicts the price of gold to decrease to $1,740/oz in 2021 from an average of $1,775/oz in 2020. In the next 10 years, the gold price is expected to decrease to $1,400/oz by 2030.

[PPGuy]

Maybe also factor in the USD/THB rate.

 

Been rising steadily this year, now close to 37.

[Iamfalang]