Lackluster performance of gold price

With all the chaos in the world today you would expect the spot gold price to be way up. Considering that some people believe we’re the closest we’ve ever been to World War III, personally I would think we would be experiencing $3,000 Plus on the spot gold price!

Lackluster performance of gold price - Gold Gold Bars - Standard Restoration Act,

But, what do I know I’m just an Arizona weekend gold prospector?

Lackluster performance of gold price

Lackluster performance of gold price

Spot Gold Price

It’s true that the price of gold hasn’t soared as high as many expected despite significant “chaos” in the world, like heightened geopolitical tensions and ongoing inflation. While these factors typically support gold’s price, other complexities are at play:

Strong US Dollar: A major factor is the strength of the US dollar. Gold is typically priced in dollars, so a stronger dollar makes gold more expensive for buyers holding other currencies, dampening demand.

Rising Interest Rates: Central banks, particularly the US Federal Reserve, are raising interest rates to combat inflation. This makes holding gold less attractive compared to interest-bearing assets like bonds, where investors can earn returns without the volatility of gold.

Uncertainty about Inflation: While high inflation usually benefits gold, the market might not be fully convinced that inflation will persist long-term. If investors believe inflation will be controlled soon, they might not see gold as a necessary hedge.

Mixed Geopolitical Impact: Geopolitical tensions can be a double-edged sword for gold. While they increase uncertainty and sometimes drive demand for safe havens like gold, they can also trigger risk-off sentiment, leading investors to sell assets across the board, including gold.

Gold’s Long-Term Performance: Remember, gold’s performance is cyclical and shouldn’t be judged solely on short-term fluctuations. It has historically proven to be a reliable store of value over the long term, and its future performance will depend on the complex interplay of various factors.

Overall, attributing the “lackluster” performance to a single factor is misleading. The current situation is nuanced, and understanding the interplay of these various factors is crucial for making informed investment decisions.

It’s important to remember that I am not a financial advisor and this is not financial advice. It’s always best to consult with a qualified professional before making any investment decisions.

Lackluster performance of gold price


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.



Leave a Reply

Avatar placeholder

Your email address will not be published. Required fields are marked *