They where removed as a drop and I don't think many people are making them. They are still needed to make jewelry which people need for invention I think? I remember them being flat 90 (the price for which the shop bought them) for years,they sure have come a long way since then.
Yes it was a bit of tradition in the past,people buy an item and then hype it up in ID. I don't know,not much is happening on this forum and I just wanted have some fun. I don't think it does effect the price,if anything it crashed temporarily after making this thread lol.
I was in doubt between gold bars and gold ores,and I chose ores as I could buy more of them and thought they might have a higher beta. If gold bars would rise,surely ores would as well. But maybe that was a mistake I am thinking now,gold bars will keep rising and gold ores might stagnate,creating a big profit to make the bars which would be needed to increase the supply of them.
- Last edited on 03-Mar-2019 22:14:38 by HáRassy
Turmoil in the gold market!. Gold ores did crash,they went as low as 130 ea and maybe even lower. It was to be expected somewhat after the last price update at 367 ea which did indicate a weakening of the market but that the crash would be this big I did not expect. Ores where sold very low with the sole purpose of crashing them it seems but the market is flexible and to my surprise the market did recover more or less. Gold ores are now trading between 300 and 325 ea,far above the low during the crash. The downward spikes are worrysome though and it will be interesting to see where gold ores will go from here. Can they recover and maybe even set a new high above the previous peak or was this the peak for the gold ores and will they keep dropping from here. Its hard to say but if gold ores are usefull and if there is genuine demand in the market,outside the demand from investors,then I think gold ores are not done for yet.