Gold Price Moves Up

This morning’s spot gold price for August delivery moved up to an all-time high that is nearing $2,500 an ounce!

Futures spot Gold for Aug 24 (GC=F)

Gold Price Moves Up

The surge in spot gold prices to near record highs is a confluence of several factors:

• Shifting Interest Rate Expectations: Earlier in 2024, investors anticipated multiple interest rate cuts by the Federal Reserve to combat inflation. This anticipation boosted gold’s appeal, as lower rates reduce the attractiveness of interest-bearing assets like bonds. However, recent economic data suggests the Fed might only cut rates once, if at all. [Investopedia, Why Did Gold Prices Hit All-Time Highs?]
• Geopolitical Tensions: Heightened global instability due to geopolitical risks makes gold a more attractive safe-haven investment. Investors flock to gold during uncertain times as it’s perceived as a stable store of value. [Kitco News, Gold prices rocket to new all-time highs]
• Central Bank Activity: Central banks around the world are net buyers of gold, which increases overall demand and puts upward pressure on prices. This is seen as a way to diversify their reserves and hedge against potential economic turmoil. [JPMorgan, A new high? | Gold price predictions from J.P. Morgan Research]
• Inflationary Concerns: Although inflation seems to be easing somewhat, there are still concerns it might remain elevated. Gold is traditionally seen as a hedge against inflation, as its price tends to rise with inflation. [Forbes Advisor, Why Is The Price Of Gold Rising?]

These factors, along with ongoing supply and demand dynamics, are propelling spot gold prices towards record highs.

Gold Price Moves Up

+++++++

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.

#######

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

Crystalline gold

Subscribe to our Youtube Arizona Gold Prospecting channel

Click Here for great Gold Prospecting Equipment Deals

• DISCLAIMER:

  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.