Lackluster performance of gold price
With all the chaos in the world today you would expect the spot gold price to be way up. Considering that some people believe we’re the closest we’ve ever been to World War III, personally I would think we would be experiencing $3,000 Plus on the spot gold price!
But, what do I know I’m just an Arizona weekend gold prospector?
With the spot gold price approaching $2,100 an ounce, what’s the outlook for the price of gold for 2024
Gold Price Outlook 2024
The outlook for the price of gold in 2024 is mixed, with some analysts predicting further gains and others expecting a slight decline. Here’s a breakdown of the current situation and potential factors at play:
Last minute holiday specials for the prospector or Junior prospector in your family. With inflation running rampant, it could be a good idea to invest in some additional precious metals.
Alaska Gold
1/2 oz of nice chunky Alaskan gold – $1,130
View other items . . .
Within Colombia is an active volcano that emits more than 100 kilograms of gold each year.
Plus, when an eruption occurs, the amount of gold emitted sometimes ranges into the tons of material. (more…)
In the heart of the Arizona Territory, where the sun beat down mercilessly and the saguaros stood like silent sentinels, a motley crew of gold prospectors found themselves stranded on Thanksgiving Day. Their trusty wagon had succumbed to the treacherous terrain, leaving them stranded in a desolate canyon, far from any semblance of civilization.
Arizona gold prospectors Thanksgiving
As the day dawned, casting long shadows across the parched landscape, the prospectors gathered around a meager campfire, their faces etched with worry. Their supplies were dwindling, and the harsh desert offered little sustenance. But amidst the despair, a glimmer of hope emerged. (more…)
Today, the price of gold is $1,987.90, off by $6.40.
800 tons. – That is how much gold China’s Central banks have bought this year, up 14% from last year, according to a recent report.
gold bars
Keep in mind, that China although the largest purchaser of gold, is by far not the only country that’s been snapping up the yellow metal.
Many other central banks is also purchasing gold. (more…)
Gold metal detecting in Northern California.
In case you were wondering if there was any good gold still left in California, here are a bunch of gold nuggets that my friend Mike found with his GPX 6000 just a few months ago.
Imagine finding a huge gold nugget like this?
If you’re into gold medal detecting, you certainly know what it feels like to get a good signal and then dig up a nice good or gold nugget. (more…)
Gold has been discovered around Lake Mead, which is located on the border of Arizona and Nevada.
Northern Arizona has a rich history of gold mining, dating back to the 1800s. (more…)
The sweet potato gold nugget found 12/6/21.
Some say found near Wickenburg, Arizona. (more…)
Wickenburg Arizona
Wickenburg is a town in Maricopa and Yavapai counties, Arizona, United States. As of the 2020 census, the population of the town was 7,474. (more…)
GPX 6000 vs GPZ 7000 vs SDC 2300 Review and Comparison. After finding over 20 nuggets in 2 days which is best!
Discover the pros and cons of each Minelab gold detector and see which comes out on top and why.
We all have our favorite pastimes and hobbies and if you’re really into some of these, I’m sure you’ve had an occasional dream about it.
Well, I’m into gold prospecting, and I’ve certainly had a dream or two about finding that huge gold nugget or vein of gold. Many years ago, I can recall one dream where I was detecting for gold and I found one nugget after another. (more…)
A good morning out in the Victorian goldfields. The 12″ Evolution Nugget Finder coil on the mighty Minelab GPX 5000 was producing the gold.
Sure this is an older video, back when the 5000 was the flagship of the Minelab line. Now, as technology has improved, the new flagship seems to be the Minelab 6000, or depending on your opinion the Minelab 7000. (more…)
Many central banks all around the world own gold. In fact, since the late 90s, central banks around the world have been net buyers of gold.
That wasn’t true before that. Coincidentally, that is also when the gold price bottomed ended that long bear market and began a massive, epic bull-market leading into a bubble in the late 2000s. (more…)
Bloomberg recently published a piece called, ‘The Gold Market’s Great Migration Sends Bullion Rushing East.’
The article notes that China has imported 160 TONS of gold since April, India has added 80 tons, Turkey 62, and the list goes on. Is the U.S. — or other Western nations — selling gold to China? And if so, why wouldn’t we be buying it, instead? (more…)
California gold mining display at the natural history Museum in Balboa Park San Diego.
Many people do not realize that not only gold was mind in San Diego, but also San Diego has some major tourmaline mines. (more…)
Gold Standard Restoration Act Rep. Alex Mooney (R-WV) introduced HR9157. Titled the Gold Standard Restoration Act, the legislation would peg the dollar to a fixed weight of gold. In this video we take a look at existing reported gold holdings of the US Read more…
Mother Lode gold metal detecting and crevicing for gold. Prospector Jerry and Mountain Mike head out into a beautiful area in search gold on ground that is extremely rich, soo rich you don’t even need to dig much if at all to find the chunky gold hiding away..
The gold prospectors are using a Minelab Gold Monster 1000 VLF metal detector. (more…)