Gold investing

Spot Gold Price High?

Spot Gold Price High?

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

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…)

By Bob711, ago

Investing in Gold

Investing in Gold

Investing in Gold - Gold Gold Bars - Standard Restoration Act,

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%.

(more…)

By Bob711, ago

Costco gold bar sales

Costco gold bar sales

Costco gold bar sales - Ways to Spot FAKE Gold Bars

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…)

By Bob711, ago

Gold Spot Price at $3,000?

Gold Spot Price at $3,000

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 Spot Price at $3,000 - gold bars

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…)

By Bob711, ago

Spot Gold Price Over $2,600

Spot Gold Price Over $2,600

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!

Spot Gold Price Over $2,600 - Gold Gold Bars - Standard Restoration Act,

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…)

By Bob711, ago

Gold Price Jump

Gold Price Jump

As I’m writing this post, the futures price for gold has jumped up over $42 per ounce just today!

Gold Price Jump - Uganda gold

 

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…)

By Bob711, ago

BRICS Currency Announced!

BRICS Currency Announced! – Is it Gold Backed?

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…)

By Bob711, ago

Spot Gold Price Drop

Spot gold price drop – The biggest one-day drop in the last 2 years!

The spot gold price dropped around $74.50 per ounce today, April 22nd, 2024.

Spot gold price drop

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…)

By Bob711, ago

Gold Price at another NEW HIGH

Gold Price at another NEW HIGH

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 Price at another NEW HIGH - Uganda gold

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…)

By Bob711, ago

Gold Price Forecast 2024

Gold Price Forecast 2024

The outlook for the price of gold in 2024 is generally positive, with many analysts predicting an increase.

Gold Price Forecast 2024 - Uganda gold

 Here’s a breakdown of some predictions:

  • Increase: Most experts expect gold prices to rise in 2024, potentially exceeding the historical high of $2,073 set in May 2024. Some even predict it could reach $2,300 or higher.
  • Factors influencing the rise: Lower interest rates, a weaker US dollar, and central banks buying gold are seen as factors that could contribute to the increase.
  • Uncertainty: It’s important to remember that gold prices can fluctuate significantly, and these are just predictions. Economic factors and global events can cause unexpected changes.
  • Today: As I write this, the AM spot gold price is: $2,165.10, a new HIGH!

(more…)

By Bob711, ago

Lackluster performance of gold price

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!

Lackluster performance of gold price - Gold Gold Bars - Standard Restoration Act,

But, what do I know I’m just an Arizona weekend gold prospector?

(more…)

By Bob711, ago

Gold Price Outlook 2024

Gold Price Outlook 2024

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

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: (more…)

By Bob711, ago