Investing in Gold
In 2024, both gold and the S&P 500 have experienced significant growth, with gold slightly outperforming the S&P 500.
As of early November 2024, gold has seen a year-to-date increase of around 17-18%, while the S&P 500 has gained approximately 17-18%.
Even with an afternoon consolidation, both the Futures gold price and silver price hit new highs today!
The Silver futures spot price briefly hit $34 per ounce, the highest level in 12 years before paring gains. (more…)
The consensus on the value of gold is a bit mixed right now (March 30th, 2024).
As of yesterday, March 28th, 2024, the spot price of gold was around $2,234.10 per troy ounce. (more…)
Many central banks all around the world own gold. In fact, since the late 90s, central banks around the world have been net buyers of gold.
That wasn’t true before that. Coincidentally, that is also when the gold price bottomed ended that long bear market and began a massive, epic bull-market leading into a bubble in the late 2000s. (more…)
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…)
Just a few days ago I published a post and a chart showing that this week the spot gold price hit its lowest level in the last 2 years.
gold bars
I found this amazing when one considers all the turmoil in the world especially in Ukraine and Taiwan. If you’d like to see that post here’s the link:
https://california-gold-rush-miner.us/gold-price-3/ (more…)
In our videos, we talk about the economic collapse and the market crash that has taken over the world. We point out the situation on the real estate and stock market and the value of the US dollar. On the Life Success Story channel, you will learn about the work of Central Banks, the US Federal Reserve, and measures taken by the Government.
Speakers such as Robert Kiyosaki, Ray Dalio, Jim Rogers, and Peter Schiff teach you about the billionaire mindset and point out the importance of financial education. (more…)