Trigger price for physical gold revaluation

[Amphius]

Andy, please could you discuss this some more on your show? Years ago, you said your liquidity providers were saying that the price level to trigger a gold revaluation would be around $2500. However, more recently you increased that figure to $3000. How do your liquidity providers come to the figure, and what is behind the change?

 

[AlM]

You may have mistyped currency symbols, because cable has been kicking around 1.2 for ages, so £2,500 × 1.2 = $3,000.

At 1.26 just now = $3,150.

 

[Amphius]

You may have mistyped currency symbols, because cable has been kicking around 1.2 for ages, so £2,500 × 1.2 = $3,000.

At 1.26 just now = $3,150.

Thank you. I've just corrected it.

 

[NoJoKin]

You may have mistyped currency symbols, because cable has been kicking around 1.2 for ages, so £2,500 × 1.2 = $3,000.

At 1.26 just now = $3,150.

Normally Andrew quotes in USD ... ie, CRIMEX numbers.