Key stats
About GBLX GOLD GBLX GOLD
Expense ratio
0.40%
Home page
Inception date
Mar 28, 2003
ISIN
AU00000GOLD7
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
HOW TO BUY & SELL GOLD : Part1🏅 CFDS VS ETFS 🏅
➡️ GOLD ETFS (Right Chart)
ETFS PHYSICAL GOLD (ASX:GOLD) offers low-cost access to physical gold via the stock exchange and avoids the need for investors to personally store their own bullion.
Each GOLD unit comes with an entitlement to an amount of "physical bullion". This mean
GOLD starting to see some strengthThe ASX:GOLD is starting to exhibit some good strength, I like buying into strength as the trend is more likely to continue than not...which is the opposite of what a lot of traders look for...(Buy Low (cheaply)/Sell High)
GOLD - (ETF) - 3 Patterns in PlayThe chart depicts 3 different patterns and along with the 50 and 200 MA makes support and resistance areas pretty clear. It is a wait and watch situation. I will wait for the weekly candle to close whilst my bias is a downturn to the $155 area and the 200 MA.
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