Haha. Didn't mean to jinx the market. It's just a hypothetical.
(Or not?)
http://investmentresearchdynamics.com/a-liquidity-crisis-hit-the-banking-in-september/
The commonly understood idea is that if the market crashes then gold will immediately surge. But a market crash sucks value, cash and liquidity out of people's (and institution's) accounts. People can be so busy losing money that buying a heap of gold might be the last thing they're thinking about. 2 weeks later, maybe. It's the world's oddest commodity. As a store of value it doesn't have much value in the real world. In a way, it's a fiat commodity. It relies on people's belief in its value. Interestingly, the people onsite at SBM aren't gold bugs at all. They were quite disparaging of it (the people I asked). I spent some time on site..
- Forums
- ASX - By Stock
- If the market crashed on Tuesday...
Haha. Didn't mean to jinx the market. It's just a hypothetical....
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBM (ASX) to my watchlist
(20min delay)
|
|||||
Last
32.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $233.2M |
Open | High | Low | Value | Volume |
33.0¢ | 33.0¢ | 32.3¢ | $261.8K | 803.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 111335 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 399568 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32500 | 3.430 |
9 | 72187 | 3.420 |
11 | 203897 | 3.410 |
9 | 117260 | 3.400 |
11 | 118353 | 3.390 |
Price($) | Vol. | No. |
---|---|---|
3.440 | 192470 | 22 |
3.450 | 143302 | 12 |
3.460 | 61139 | 4 |
3.470 | 41621 | 7 |
3.480 | 81907 | 5 |
Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
Featured News
SBM (ASX) Chart |