Gold investing

Gold at Fort Knox?

Gold at Fort Knox?

Why has the Trump & Elon going toFort Knox for an audit of our gold seem to have dropped out of the news?

A hypothetical audit of Fort Knox revealing that only half the gold was present would send shockwaves through the global economy, leading to a cascade of significant and largely negative effects. Here’s a breakdown of what would likely happen: (more…)

By Bob711, ago

Fort Knox Gold?

Fort Knox Gold?

The last time a full, physical audit was conducted of the gold reserves at Fort Knox was in 1953. This audit involved a physical verification of the gold shortly after President Eisenhower took office.

Since then, there have been limited inspections, but none constituted a comprehensive audit:

(more…)

By Bob711, ago

Spot Gold Biggest Intraday Jump in Five Years

Spot Gold Biggest Intraday Jump in Five Years

Spot Gold Biggest Intraday Jump in Five Years

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…)

By Bob711, ago

Gold Above $3,000

Gold Above $3,000

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 above $3,000 - gold bars

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…)

By Bob711, ago

Gold Price 2025

Gold Price 2025

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

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…)

By Bob711, ago

Gold Price Predictions 2025 by Experts

Gold Price Predictions 2025 by Experts

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 Price Predictions 2025 by Experts - gold bars

gold bars

Today, gold futures jumped more than 1% to hover above $2,670 an ounce, their highest level since mid-December!

(more…)

By Bob711, ago

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