The last time a full, physical audit was conducted of the gold reserves at Fort Knox was in 1953.
Since then, there have been limited inspections, but none constituted a comprehensive audit:
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…)
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 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…)
Using a 200-year-old map created by a dying man, they are on a quest to locate a hidden fortune worth over $200 million buried in the Arizona Mountains.
Explore the treacherous Superstition Mountain region, seeking physical evidence of this legendary gold mine. Will this exploration reveal the truth behind these ancient maps and the elusive gold mines of Arizona? Discover the secrets of the gold mine mystery in this thrilling video, (more…)
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
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…)
Gold has seen a significant increase in value this year, with the price rising by approximately 28.86% since the beginning of 2024.
As of November 30, 2024, the price of gold is around $2,657.79 per ounce. (more…)
Beginner’s guide to gold panning and extracting the fine gold with a suction bottle.
Gold Panning
Gold panning is a traditional method of separating gold from other minerals in sediment. Here’s a basic guide:
Seasoning a Plastic Gold Prospecting Pan
Why Season a Plastic Pan? A new plastic gold pan often has a smooth finish that can cause tiny gold particles to slip away.
Seasoning the pan roughens the surface, creating more friction and helping to trap gold particles. (more…)
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…)
Even with an afternoon consolidation, both the Futures gold price and silver price hit new highs today!
The Silver futures spot price briefly hit $34 per ounce, the highest level in 12 years before paring gains. (more…)
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 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…)
This video looks at gold’s role throughout the history of mankind.
We will find out how and why gold became money and trace its path through the rise and fall of empires and civilizations. (more…)
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…)
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…)
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.
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…)
