Daily gold prices surge to a high $1700 dollar and expected to gain above superannuation. As investors keep on pushing the boundaries of precious metals and apprehend the international prices.
As international markets can find it hard to sell their gold on the amount of cash that is driven in to small prawn shops, while others individuals earning less then a $1 a day have no means to buy but to preserve for their next food gathering meal.
The impact on gold purchasers will be less attractive for low income workers as the quantity of gold in various affordable weights below their weekly salary would be higher then their annual pay rise rate. As 1g to 10 gram gold bars issuing at 99.9 or 99.99 will be put on hold as the demand of gold minting services are getting close to their reserve and issue buy back from the public for storage and deposit for reallocation or pooled.
You can expect a cash surplus thrash hold from the community to sell their gold there year dated gold bars, coins and gold jewelery now then perhaps the time of late last year in November when i recalled.
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