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.

Gold Price at another NEW HIGH

Gold Price at another NEW HIGH - Gold Gold Bars - Standard Restoration Act,

gold bars

Think about it, Russia is at war with Ukraine, a couple of weeks ago France said that they would send troops into Ukraine to help fight Russia. The Biden Administration seems to be sending billions (increasing the US debt by trillions) of dollars in relief packages every other week or so. Israel is battling the terrorist group Hamas and that could easily escalate, and draw in many more countries in the Middle East.

Plus, inflation here in the United States is rampant. Sure you could believe the government’s numbers of single digit inflation, but you’d have to be really naïve to believe those numbers are anything less than double digit in reality. Plus, the Biden administration’s effort at bringing millions of illegals into the country and giving them free cell phones, free calling plans for their phones, free housing, free meals, free school and in some places like California, free medical. The truth is, this open border policy is costing the taxpayers billions of dollars and contributing toward information and the devaluing of the US dollar.

Also gasoline prices are again on the rise. With the administration’s drastic reduction in our oil emergency reserves, and their recent announcement that it’s too costly to replenish these oil reserves, all show that inflation at consumer level is still extremely high. And inflation always acts like a hidden tax on the entire population.

A good example of inflation here, is the fact that on April 1st California mandated that fast with food workers be paid a minimum of $20 per hour! Well, that means that soon we’re going to be seeing more and more robots taking your fast food order, and already a number of businesses in California like pizza delivery, have been laying off workers because of this new minimum wage law . Probably the worst though, is that it’s probably inevitable you’re going to go in and get a burger, fries and a small soda, and your bill is going to be $25!

So, you should realize as prospectors, it’s always great to see a higher gold price, but the underlying facts that are causing today’s huge gold price spike, are very worrisome to say the least.

Gold Price at another NEW HIGH

High Grade Silver Ore Slab

silver slab - Gold Prospector Holiday Unique Gifts

silver slab – example only

Nice sawn vein specimen of fresh, unaltered high grade silver ore from the world-class Cobalt Ontario deposits. Sawn on one side only.  The deposit was described in Mineralogical Record, Volume 43, Number 6.  In general, veins are predominantly composed of carbonates (calcite and/or dolomite) with arsenides and sulpharsenides of Co, Ni and Fe with native Ag and Bismuth.  Most of this material has been squirreled away in collections by now, although specimens do occasionally come to market.

silver slab

There are a few of these silver slabs available. The very bright silver really makes this piece stand out, but, unfortunately makes it all so hard to photograph. As an example the one pictured above is 66 grams for $45.

Silver, Bornite

Silver, Bornite

There are a few of these beautiful native silver w bornite specimens available. Here is a 2 inch x 1 inch, Apx. 17.5 grams – Native Silver on Bornite thumbnail specimen from San Martin, Mexico. As an example the one pictured above is 17.5 grams for $60. 

Avon Gold Rush Collectible stein

Avon Gold Rush Collectible steinGold Rush Avon brown ceramic beer stein with lid 1987 Brazil - Picture 6 of 10

1987 8 1/2” tall  San Francisco Gold Rush Handcrafted in Brazil for Avon. Each one of is individually numbered (#32017) this is the last one. $35.

For further information on these:

All the items shown here are very limited and subject to prior sale without notice.


Also see the most expensive type of gold nuggets, the Crystalline Gold Nuggets

Crystalline gold

Crystalline gold

Subscribe to our Youtube Arizona Gold Prospecting channel

Click Here for great Gold Prospecting Equipment Deals

    Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them, but never increase the basic cost. I really appreciate the support. The content in my Youtube videos & blog posts SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, prospecting or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments. My produced videos are for entertainment purposes ONLY. DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer, financial advisor, or the appropriate professional for the subject you would like help with.

  • Keep in mind land use and land boundaries are constantly changing,  before going to a unknown location you must do extensive research not only into the current weather conditions, access and current land status.  Keep In mind private property owners and mining claim owners do not take kindly to trespassers and or claim jumpers. Always follow local laws and regulations related to prospecting and land use. Regulations and restrictions are constantly changing on BLM lands, State lands, National Monuments  and tribal lands. It is your responsibility to totally investigate any potential prospecting area  prior to heading out.  Failure to do so, could not only result in massive fines but also imprisonment and confiscation of all your equipment.