1FinickyOne Posted July 21, 2022 Share Posted July 21, 2022 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? Link to comment Share on other sites More sharing options...
Richard 2020 Posted July 21, 2022 Share Posted July 21, 2022 no words.... ???? Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted July 21, 2022 Share Posted July 21, 2022 7 minutes ago, Richard 2020 said: no words.... ???? Gold is the same price that it was ten years ago Link to comment Share on other sites More sharing options...
bkk6060 Posted July 21, 2022 Share Posted July 21, 2022 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. Link to comment Share on other sites More sharing options...
PPGuy Posted July 21, 2022 Share Posted July 21, 2022 Maybe also factor in the USD/THB rate. Been rising steadily this year, now close to 37. Link to comment Share on other sites More sharing options...
Iamfalang Posted July 21, 2022 Share Posted July 21, 2022 1 Link to comment Share on other sites More sharing options...
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