Spot Gold Price

Gold Price at another NEW HIGH

Gold Price at another NEW HIGH

Yes, if you’ve been reading my past post you know that it was just a few days ago, in my prior post I said that gold had said a new record high price, that was at that time $2,349.10.

Gold Price at another NEW HIGH - Uganda gold

gold bar

Well today, gold said another new high price, and is now at $2,367.20 it was up $16.20 on today’s session.

Many people have been wondering why gold is all of a sudden on a major move up. Well, for anybody keeping up with the latest news, the reason should be quite clear. It seems gold always moves up in times of crisis, economic instability and naturally a falling dollar. Today, unfortunately we’re seeing all of these occur, and these are the reasons that gold is gone to new highs. (more…)

By Bob711, ago

Lackluster performance of gold price

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?

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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

Gold Price @ $2,400

Gold Price @ $2,400

Fantastic interview! Love the quote “Mr Powell has to feel like a porcupine in a balloon factory”.

The conflict in Eastern Europe is likely to be protracted, and energy prices will respond by rallying even higher from current levels, said Pierre Lassonde, chairman emeritus of Franco-Nevada and CEO of Firelight Investments.

“I think that Mr. Putin calculated that this was going to be an easy, quick win for him, to just roll into Ukraine and essentially put Humpty Dumpty back together, which was what he was trying to do. His plans are not turning out exactly as he had wished. With the Germans now changing tack and saying, we’re going to provide military help, that has changed the possible outcome of this war quite dramatically. The longer it lasts, the more profound the impact is going to be, particularly on the energy market. If this goes on for two, three weeks, a month, I think you’re looking at $200 oil,” Lassonde told Michelle Makori, editor-in-chief of Kitco News on the sidelines of the BMO Global Metals & Mining Conference. (more…)

By Bob711, ago

Spot Gold Price 2022

Spot Gold Price 2022

So, how will the spot price of gold do next year? Gold price in 2022? Will gold’s price go up? Will spot gold go down? Let’s see one gold investors educated guesses.

The creator of this video buys gold and other assets on a dollar cost average schedule and then buys more as price and interest allow. His primary focus is about buying gold coins. He does talk a little about cryptocurrency, mining stocks and other equities as well. (more…)

By Bob711, ago