gold investments

Gold Spot Price at $3,000?

Gold Spot Price at $3,000

Well, even though the spot price of gold made a new all-time high price today, it’s still far from $3,000 an ounce!

Gold Spot Price at $3,000 - gold bars

gold bars

But with the momentum that we’ve seen just in the last month or so, there is a possibility that gold could hit $3,000 an ounce by the end of the year! (more…)

By Bob711, ago

Is Precious Metals Investing Dead?

Is Precious Metals Investing Dead?

With the Biden Administration pushing for digital currency, there’s been lots of ads to protect your money by buying gold.  Even though I’m into gold detecting and gold investing, I think one must have to be a little skeptical of these ads to buy gold to preserve your  wealth.

Now, I’m certainly not for digital currency because there will be absolutely no privacy, and the government will know everything that you’re doing, and probably more importantly, would be able to restrict you, or limit you in what you can buy at any particular time.

(more…)

By Bob711, ago

Price of Gold

Price of Gold

Bloomberg recently published a piece called, ‘The Gold Market’s Great Migration Sends Bullion Rushing East.’ 

The article notes that China has imported 160 TONS of gold since April, India has added 80 tons, Turkey 62, and the list goes on. Is the U.S. — or other Western nations — selling gold to China? And if so, why wouldn’t we be buying it, instead?  (more…)

By Bob711, ago