Bullboard - Stock Discussion Forum Westgold Resources Ord Shs T.WGX

Alternate Symbol(s): WGXRF

Metals & Mining Gold

Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah... see more

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Westgold Resources Ord Shs > Top secret

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Post by MaterialsMan on Dec 11, 2024 7:58am

Top secret

According to AI Overview, there is a BRICS token.
It is pegged to the BRICS fiat currency, which is in turn pegged to a unit of GOLD.
The price of a BRICS yesterday was $47.94.
BRICS are supposedly available on Coinbase Wallet.
Who knows what's true anymore?
If this is true, I wonder if it has any implications.

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Comment by Symbiotic on Dec 11, 2024 8:21am

Pegged to is indexed or relative to but not necessarily convertible to. It certainly is not simple as it should be. Who's initiative is the BRICS unit on coin base? I have a Coin base wallet but it's still on my old phone. Should move it one day.

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Comment by MaterialsMan on Dec 11, 2024 8:59am

That stuff's above my pay grade. Just quoting what I read. Interestingly, the pegged thing applies to ETFs big time but nobody seems to care much. EG. some gold ETFs are fully backed by physical gold while some are merely pegged. Same with crypto. I don't quite understand where the money goes when someone buys a gold or crypto ETF that is merely pegged. If the ETF is backed, the purchase ...more

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Westgold Resources Ord Shs