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.
San Domingo Wash Gold
The San Domingo Wash area in Arizona has a rich history of gold prospecting that dates back to the late 19th century. The first significant discoveries were made in the 1870s, leading to a boom period that saw the establishment of several mining towns, including Old San Domingo and New San Domingo. (more…)
Well, after today’s move I would say that there’s a distinct possibility we might see gold spot price at over $3,000 per ounce by the end of the year!
Besides World tensions affecting the price of gold, tomorrow might be the first of a series of Federal Reserve interest rate cuts. It may turn out that interest rate cuts drive down the value of the dollar and thereby increase the value of gold. (more…)
Goldfield was a bustling mining town in the early 20th century, renowned for its rich gold deposits. Its story is a classic example of the American West’s boom-and-bust cycles.
Discovery and Boom
The Lost Dutchman gold mine is one of the most enduring legends of the American West.
It’s said to be hidden somewhere in the Superstition Mountains of Arizona, and its existence has tantalized treasure hunters for over a century. (more…)
Gold metal detecting in the Victorian Goldfields. This is what gold prospectors dream about! (more…)
As I’m writing this post, the futures price for gold has jumped up over $42 per ounce just today!
Yes, that’s the good news for gold investors, but the bad news for the rest of us is it would seem this is reflecting the fact that we’ve never been closer the World War III then we are today! (more…)
This morning’s spot gold price for August delivery moved up to an all-time high that is nearing $2,500 an ounce!
Futures spot Gold for Aug 24 (GC=F)
Gold discoveries were quite significant for Arizona’s early development, though copper eventually became the bigger player. Here’s a breakdown of the impact: (more…)
Uncover the captivating tale of the Lost Yuma Ledge Mine, a legendary Apache lost gold mine in Arizona that has enthralled treasure hunters and history buffs for generations.
This video delves into the rich history of gold mining in Arizona and the enduring mystery surrounding this fabled hidden mine and its secret treasure. (more…)
The gold in Northern California has a fascinating origin story stretching back hundreds of millions of years.
See what led to the famous California Gold Rush.
There has been speculation and rumors of this currency for some time, and one major theory is that it would be backed by a basket of commodities including gold.
However, the Kremlin recently announced they have almost completed a digital currency based on blockchain technology. (more…)
The spot gold price dropped around $74.50 per ounce today, April 22nd, 2024.
This represents a decrease of roughly 1.66% compared to yesterday’s price. This huge one day price drop is really surprising when one considers that gold remains one of the best investments so far in 2024! (more…)
Yes, if you’ve been reading my past post you know that it was just a few days ago, in my prior post I said that gold had said a new record high price, that was at that time $2,349.10.
gold bar
Well today, gold said another new high price, and is now at $2,367.20 it was up $16.20 on today’s session.
Many people have been wondering why gold is all of a sudden on a major move up. Well, for anybody keeping up with the latest news, the reason should be quite clear. It seems gold always moves up in times of crisis, economic instability and naturally a falling dollar. Today, unfortunately we’re seeing all of these occur, and these are the reasons that gold is gone to new highs. (more…)
