Gold Price Jump

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!

Gold Price Jump

Gold has historically been seen as a safe-haven asset.

 This means investors often flock to it during times of uncertainty, including political instability.  

Here’s how political instability can drive up gold prices:

• Increased uncertainty: When political situations are volatile, investors tend to become risk-averse. This leads to a shift away from riskier assets like stocks and bonds towards safer options like gold.
• Currency devaluation: Political instability can erode confidence in a country’s currency. As a result, investors may seek to diversify their holdings by purchasing gold, which is seen as a store of value.  
• Inflationary pressures: Political turmoil can disrupt economies, leading to supply chain disruptions, increased costs, and potentially higher inflation. Gold is often considered an inflation hedge.  
• Capital flight: In extreme cases of political instability, investors may withdraw their capital from a country, leading to a surge in demand for gold as a way to preserve wealth.

Examples of historical events that have driven gold prices due to political instability include:

• The Cold War
• The Vietnam War
• The 2008 financial crisis
• The Eurozone crisis 

It’s important to note that while political instability is a significant factor influencing gold prices, it’s not the sole determinant. Other factors such as economic growth, interest rates, and investor sentiment also play a crucial role.

Gold Price Jump

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High Grade Silver Ore Slab

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.

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

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

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: seo711@gmail.com

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

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

Crystalline gold

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