Precious Metals

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

Arizona gold prospectors Thanksgiving

Arizona Gold Prospectors Thanksgiving

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

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…)

By Bob711, ago

Gold Buying

Gold Buying by Central Banks

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 Buying by Central Banks - gold bars

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…)

By Bob711, ago

Price of Gold

Price of Gold

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…)

By Bob711, ago

Gold Standard Restoration Act

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…

By Bob711, ago

New gold rush

Victoria’s new gold rush

The gold rushes helped define Australia and built the prosperity of Victoria. 

Now there’s a ‘new gold rush’, with a surge in mining activity on old reefs bringing new life to the state’s historic gold towns. (more…)

By Bob711, ago

Silver Mining and Refining at Cerro Gordo

Silver Mining

The Union Mine, Cerro Gordo

Cerro Gordo is a privately owned Mining Town located in the Owens Valley near Lone Pine, California. On this trip our mission is to go down deep into the Union Mine and gather some high grade silver and lead ore. To do this we need to descend over 400′ underground on a hoist from the 1860’s! Once we get to the ore face we high grade out some very rich galena ore and bring it back to the surface! My mission is to make something cool for Brent out of the lead and silver,

One man has been living the post-apocalyptic lifestyle in his own wasteland since early last year. Brent Underwood, a young entrepreneur, bought the abandoned California ghost town of Cerro Gordo in 2018 for $1.4 million. (more…)

By Bob711, ago

Huge Gold Nugget

Huge Gold Nugget

Found a 3.9oz gold nugget  Gold Prospecting NZ

 

NZ gold prospectors have their best day ever!  They made a little mistake on the video in their excitement of weighing the nugget when we went from grams to oz and forgot to put it into troy oz , so the nugget was 3.98oz not 4 2oz. (more…)

By Bob711, ago

Beach Gold Prospecting

Beach Gold Prospecting Washington State

Five hours work running 15 buckets to recover fine beach gold.

No one ever said gold mining was easy, actually quite the contrary it’s very hard work. But, with that said keep in mind that the majority of gold prospectors do it as a hobby, actually a hobby that can pay you! (more…)

By Bob711, ago

Russian Gold Standard

Russian Gold Standard

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!

(more…)

By Bob711, ago

TREASON for Buying Gold?

TREASON for Buying Russian Gold?

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…)

By Bob711, ago

Gold Price @ $2,400

Gold Price @ $2,400

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…)

By Bob711, ago

Crystalline Gold – Liberty gold mine

Crystalline Gold

A rare form of crystallized gold that the Liberty area is known for. Crystalline gold is the rarest and most beautiful form of gold and Crystalline gold is especially valued by collectors because of its bright color and unique shapes.

Crystalline gold can form cubes, dendrite or dendritic patterns, octahedrons, thin leaf and sheet forms and many other surprising designs. The prices for different crystalline gold specimens can vary greatly. The major determinant of its value is its appearance, not the amount of actual gold in the piece. (more…)

By Bob711, ago

Ghost Town Silver

Extracting Ghost Town Silver

Going to the silver ghost town of Silver Reef, Utah to collect a sample of silver ore, and meet up with Cody of Cody’s Lab to learn how to extract it. 

Note that silver is also used in solder, an easily-melted alloy used to join electrical connections or copper pipes/plates. (more…)

By Bob711, ago

Turning jewelry into pure gold

Turning jewelry into pure gold

Turning gold jewelry small 24K pure gold bars.

From Wikipedia, the free encyclopedia:

Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), which forms a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to refine gold and to confirm the presence of gold in metallic substances, giving rise to the term acid test. Gold also dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, and as the gold acts simply as a solute this is not a chemical reaction. (more…)

By Bob711, ago