A 747-400 consists of 147,000 pounds (66,150 kg) of high-strength aluminum. Selling just 7.75 pounds of gold will now allow you to buy all the aluminum needed to make a 747-400.
Interesting statistic. Not sure it points to a 'bubble' in gold, though, if that's what you're trying to say.If a market correction happens -- per your later post -- then Au is likely to rise in the short term.
I disagree, I think gold tanks in a correction.
Because of the sovereign debt/currency concerns/crisis, which as I said in another comment is part of the crappy backdrop, and includes the dollar of course, I think Au will find buyers in a market correction.We'll see.
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Interesting statistic. Not sure it points to a 'bubble' in gold, though, if that's what you're trying to say.
If a market correction happens -- per your later post -- then Au is likely to rise in the short term.
I disagree, I think gold tanks in a correction.
Because of the sovereign debt/currency concerns/crisis, which as I said in another comment is part of the crappy backdrop, and includes the dollar of course, I think Au will find buyers in a market correction.
We'll see.
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