Spot Gold Price at New Record High
Yesterday, the spot gold price once again, set a new record high price,
Plus, yesterday saw a daily jump of $40.16 and ended the session at: $2,349.10
Investing in gold versus fiat currency.
Spot Gold Price at New Record High
Choosing between investing in gold and fiat currency depends on your investment goals and risk tolerance. Here’s a breakdown of each:
Gold:
Pros:
- Hedge against inflation: Gold’s price tends to rise with inflation, potentially protecting your purchasing power over time.
- Safe haven asset: Gold is seen as a safe investment during economic turmoil or geopolitical instability.
- Tangible asset: Gold provides a sense of security compared to fiat currency, which is digital.
Cons:
- Low or negative returns: Gold doesn’t generate interest or dividends like some fiat currency investments.
- Storage costs: Securely storing physical gold can incur costs.
- Liquidity: Selling gold might be less convenient than converting fiat currency.
Fiat Currency:
Pros:
- Liquidity: Fiat currency is easily converted to other assets or used for purchases.
- Potential for high returns: Fiat currency investments like bonds or stocks can offer higher returns than gold.
- Interest income: Some fiat currency investments, like savings accounts or bonds, generate interest.
Cons:
- Inflation risk: The value of fiat currency can erode over time due to inflation.
- Government control: Fiat currency’s value is ultimately dependent on the issuing government’s stability.
Here are some additional factors to consider:
- Investment horizon: Gold may be suitable for long-term investors seeking a hedge against inflation.
- Risk tolerance: Fiat currency investments can be more volatile than gold.
Ultimately, a diversified portfolio that includes both fiat currency investments and gold may be the best approach for most investors. You can also consult a financial advisor for personalized advice on how to allocate your investments.
Spot Gold Price at New Record High
High Grade Silver Ore Slab
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.
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
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