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…)
Yesterday, the spot gold price once again, set a new record high price,
Spot Gold Price at New Record High
Plus, yesterday saw a daily jump of $40.16 and ended the session at: $2,349.10
Investing in gold versus fiat currency.
The consensus on the value of gold is a bit mixed right now (March 30th, 2024).
As of yesterday, March 28th, 2024, the spot price of gold was around $2,234.10 per troy ounce. (more…)
Awesome and inspirational Australian Gold Nugget prospecting video.
This has to be one of the best gold prospecting videos that I’ve seen. Not only is it well put together but it’s also instructional and informative for anyone considering hunting for gold nuggets with a metal detector. (more…)
I did it, I actually did it! You won’t believe this find! I recently uncovered a once in a lifetime Gold Nugget in the Australian bush.
This was not on private property or from a mine site just sitting a few feet under the dirt in a nondescript area.
The outlook for the price of gold in 2024 is generally positive, with many analysts predicting an increase.
Here’s a breakdown of some predictions:
