4 ms·

> Gold is a metal. It's not a currency. It's worth about $450 an ounce at the moment. As of 10 minutes ago, gold is selling for over $1100 an ounce, so I'll gl

by anamax 17y ago

> Gold is a metal. It's not a currency. It's worth about $450 an ounce at the moment. As of 10 minutes ago, gold is selling for over $1100 an ounce, so I'll gladly buy all that you're willing to sell me for $450 an ounce.

joezydeco 17y ago
It costs about $450 an ounce to pull out of the ground and refine. Any price above that is artificial.