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!

Spot Gold price

Futures spot Gold for Aug 24 (GC=F)

Gold Price Moves Up

Gold Gold Bars - Standard Restoration Act,

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

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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: 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

Crystalline gold

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