The last time a full, physical audit was conducted of the gold reserves at Fort Knox was in 1953.
Since then, there have been limited inspections, but none constituted a comprehensive audit:
Large natural gold nugget
The spot gold price rose as much as 3.8% to as high as $3.095.13 an ounce Wednesday, the biggest intraday increase since March 2020!
“Gold is currently the ultimate safe haven as worries about US fiscal stability continues to rise,” said Ole Hansen, head of commodity strategy at Saxo Bank AS. (more…)
The spot price of gold has surpassed $3,000 per troy ounce for the first time today, reaching approximately $3,002.15, driven by investors seeking a safe-haven asset.
gold bars
As gold moves up to new records, Wall Street analysts have rushed to raise their price targets, with the latest call from Macquarie Group predicting the precious metal will touch $3,500 in the third quarter. (more…)
Gold prices are rising, up 8.5% year to date, fueled by tariff uncertainty and increased purchases by central banks and investors.
gold price 2025
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, Plus, it’s relative scarcity compared to other commodities. (more…)
Well, we’re just 10 days into the new year and the Futures spot gold price just said a new high for the year today! Yes, the gold Futures spot price jumped over $25 an ounce today.
gold bars
Although the precious metal’s rally stalled following Donald Trump’s White House victory in November, gold still closed out the year with a gain of over 27%, beating the S&P 500’s gain of more than 23%.
gold bars
Using a 200-year-old map created by a dying man, they are on a quest to locate a hidden fortune worth over $200 million buried in the Arizona Mountains.
Explore the treacherous Superstition Mountain region, seeking physical evidence of this legendary gold mine. Will this exploration reveal the truth behind these ancient maps and the elusive gold mines of Arizona? Discover the secrets of the gold mine mystery in this thrilling video, (more…)
E.C. Thoroman, a passionate gold mine prospector from the 1950s.
This captivating gold mining documentary takes you on a journey through Arizona’s historic placer gold fields, where the spirit of gold hunting still thrives. Join us in looking for gold across Arizona’s diverse landscape, from Big Bug Creek to the legendary Lost Dutchman Mine. (more…)
Just today, the Feb gold futures were up over $35 per once!
With the latest increases in the spot price of gold. Is it possible for a new record high before year end?
gold spot price
Given the recent surge in gold prices and the potential for continued market volatility, it’s definitely possible that gold could reach a new record high before the end of the year.
However, it’s important to remember that predicting market movements is inherently uncertain. (more…)
Gold has seen a significant increase in value this year, with the price rising by approximately 28.86% since the beginning of 2024.
As of November 30, 2024, the price of gold is around $2,657.79 per ounce. (more…)
Investing in Gold
In 2024, both gold and the S&P 500 have experienced significant growth, with gold slightly outperforming the S&P 500.
As of early November 2024, gold has seen a year-to-date increase of around 17-18%, while the S&P 500 has gained approximately 17-18%.
Beginner’s guide to gold panning and extracting the fine gold with a suction bottle.
Gold Panning
Gold panning is a traditional method of separating gold from other minerals in sediment. Here’s a basic guide:
Seasoning a Plastic Gold Prospecting Pan
Why Season a Plastic Pan? A new plastic gold pan often has a smooth finish that can cause tiny gold particles to slip away.
Seasoning the pan roughens the surface, creating more friction and helping to trap gold particles. (more…)
Not only are large Banks and individual countries stocking up on gold, but since Costco has been offering 1oz. gold bar sales, the General Public has been making this one of the hottest sellers at the Costco warehouse chain. (more…)
Even with an afternoon consolidation, both the Futures gold price and silver price hit new highs today!
The Silver futures spot price briefly hit $34 per ounce, the highest level in 12 years before paring gains. (more…)
Well, even though the spot price of gold made a new all-time high price today, it’s still far from $3,000 an ounce!
gold bars
But with the momentum that we’ve seen just in the last month or so, there is a possibility that gold could hit $3,000 an ounce by the end of the year! (more…)
As I’m writing this the futures spot price of gold just broke through an all-time high. Currently, the gold spot price is over $2,700 per ounce!
Gold at New High Price
This video looks at gold’s role throughout the history of mankind.
We will find out how and why gold became money and trace its path through the rise and fall of empires and civilizations. (more…)
As of September 2024, the spot price of gold has seen a significant increase.
The spot gold price has experienced a bullish trend, driven by factors such as geopolitical tensions, economic concerns, and inflationary pressures.
