Lunchtime queues and $6000 bars: Australia’s new gold rush \ stacker news ~econ

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Lunchtime queues and $6000 bars: Australia’s new gold rush thenightly.com.au/australia/lunchtime-queues-and-6000-bars-australias-new-gold-rush-hits-martin-place-c-20211492

201 sats \ 6 comments \ @spiderman 7h econ

I thought Australia is pretty liberal that trusts the government to do best

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10 sats \ 1 reply \ @Undisciplined 6h

I don't know if Australians tend to be into gold, but the Perth Mint is pretty famous.

@User21000000, are you all a bunch of gold bugs down there?

42 sats \ 0 replies \ @OT 5h

https://www.perthmint.com/visit/attractions/one-tonne-gold-coin/

The Perth Mint has a 1 ton gold coin currently worth over $100 million.

10 sats \ 1 reply \ @krispy_donkey 5h

Said queue here: https://www.reddit.com/r/AusFinance/comments/1o1vaqs/queue_for_gold_on_martin_place/

I work nearby and the line was even longer yesterday lunch time

0 sats \ 0 replies \ @spiderman OP 5h

I am not the first one to care about race, but why does it seem like (from the faces I can spot), Asians are over-represented in the queue compared to the typical Australian population.

0 sats \ 0 replies \ @spiderman OP 4h

Read the post in detail, the funniest thing is, as per the article

Reserve Bank has also booked a $3.6 billion gold windfall over the last 12 months

So basically, the central banks

Buy gold
Print money (with or without the knowledge it will obviously push gold up)
Enjoy the windfall

I mean what kind of moron one has to be to not see what's going on here?

0 sats \ 0 replies \ @02edc4302a 5h

Good