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 . . .
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…)
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…)
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 government, along with the M2 money supply to arrive at Read more…
Just a few days ago I published a post and a chart showing that this week the spot gold price hit its lowest level in the last 2 years.
gold bars
I found this amazing when one considers all the turmoil in the world especially in Ukraine and Taiwan. If you’d like to see that post here’s the link:
https://california-gold-rush-miner.us/gold-price-3/ (more…)
On the markets today the gold price plunged do a two year low! Gosh, it was just March of this year that gold spiked up the over $2,000 an ounce, and yet, today is closed at a new two-year ago below $1,700 per ounce!
Russia’s new gold market proposal would create an international trading market that competes with the LBMA and could impact the price of gold, the currencies it’s denominated in, and the ability of bad actors to pull off coordinated manipulation.
What’s the story with the BRICS reserve currency and the proposed Moscow World Standard (MWS)? (more…)
This video compares old US Mint gold coin mintage numbers versus 1933 to 1939 melt data to surmise an estimate on how much physical gold was turned in and melted down from Executive Order 6102 in 1933.
We think you will not only be surprised to learn the amount but also some of the very far-reaching effects this era of financial history still holds on our world today. (more…)
The amount of gold Ukraine said was sold is about 10x more than the gold that they’ve ever officially owned. (more…)
Did Russia just roll out a Gold Standard heralding a changing world order and shake up for reserve currencies?
Yes, I believe this is another catastrophic blunder by the Biden Administration that is now causing the US dollar to lose it’s status as the world’s currency!
Stop Russian GOLD Act of 2022
Stop Russian Government and Oligarchs from Limiting Democracy Act of 2022
There is a bill being proposed in congress that seeks to block the purchasing power of gold coming out of Russia.
However, this bill has such a broad overreach that it could turn any ordinary US citizen into a fellow by doing business with any foreign entity who has touched gold from Russia. The powers and penalties granted if this bill passes are terrifying. (more…)
Well, talk about volatility, here’s a chart of the spot price of gold for the last month:
On March 1, 2022 I wrote“With what’s happening with Russia and Ukraine, I would personally think that we would be well over $2,000 an ounce for gold by now. Sure, gold is a little over $1,900 an ounce as I’m writing this, but, also Russia has just announced that they’re putting their nuclear arsenal on alert!
This makes me wonder that once we see a cooling down of the Russian Ukrainian conflict, we might see a substantial drop in the gold and silver prices. Just perhaps, if such a drop occurs, it might be an exceptional buying opportunity either through stocks, ETFs or the physical metal itself, to get into the market so you could have at least a small percentage of your investment portfolio in precious metals.”
In trading today, March 7th 2022 the spot gold price went over $2,000! (more…)
Fantastic interview! Love the quote “Mr Powell has to feel like a porcupine in a balloon factory”.
The conflict in Eastern Europe is likely to be protracted, and energy prices will respond by rallying even higher from current levels, said Pierre Lassonde, chairman emeritus of Franco-Nevada and CEO of Firelight Investments.
“I think that Mr. Putin calculated that this was going to be an easy, quick win for him, to just roll into Ukraine and essentially put Humpty Dumpty back together, which was what he was trying to do. His plans are not turning out exactly as he had wished. With the Germans now changing tack and saying, we’re going to provide military help, that has changed the possible outcome of this war quite dramatically. The longer it lasts, the more profound the impact is going to be, particularly on the energy market. If this goes on for two, three weeks, a month, I think you’re looking at $200 oil,” Lassonde told Michelle Makori, editor-in-chief of Kitco News on the sidelines of the BMO Global Metals & Mining Conference. (more…)
Russian invasion creates extreme volatility for gold and silver prices.
Gold prices today witnessed a volatile roller coaster with a tremendous price swing of almost $100 over the last 18 hours of trading. (more…)
So, how will the spot price of gold do next year? Gold price in 2022? Will gold’s price go up? Will spot gold go down? Let’s see one gold investors educated guesses.
The creator of this video buys gold and other assets on a dollar cost average schedule and then buys more as price and interest allow. His primary focus is about buying gold coins. He does talk a little about cryptocurrency, mining stocks and other equities as well. (more…)
In our videos, we talk about the economic collapse and the market crash that has taken over the world. We point out the situation on the real estate and stock market and the value of the US dollar. On the Life Success Story channel, you will learn about the work of Central Banks, the US Federal Reserve, and measures taken by the Government.
Speakers such as Robert Kiyosaki, Ray Dalio, Jim Rogers, and Peter Schiff teach you about the billionaire mindset and point out the importance of financial education. (more…)