The consensus for the value of gold

The consensus on the value of gold is a bit mixed right now (March 30th, 2024).

consensus for the value of gold - Uganda gold


As of yesterday, March 28th, 2024, the spot price of gold was around $2,234.10 per troy ounce.

The consensus for the value of gold

consensus for the value of gold - Illegal Gold Mines - The Dark Side of Gold Mining

Here’s a breakdown on the consensus for the value of gold:

  • Upward Trend: Some analysts believe gold will continue to rise due to factors like inflation concerns and economic uncertainty.
  • Downward Pressure: The Federal Reserve’s hawkish stance on interest rates might decrease demand for gold.

The recent surge in gold prices to record highs (as of March 2024) can be attributed to a confluence of factors:

  • Interest Rate Expectations: There’s optimism that central banks, especially the US Federal Reserve, might cut interest rates later in 2024. This expectation benefits gold because:
    • Lower interest rates make gold, which doesn’t offer any interest itself, more competitive with interest-bearing investments like bonds.
  • Inflation Concerns: Inflationary pressures are a worry for many investors. Gold is often seen as a hedge against inflation, meaning its value tends to hold steady even when the purchasing power of currencies weakens.
  • Geopolitical Uncertainty: Global conflicts and political tensions can drive investors towards safe-haven assets like gold, increasing demand and pushing up prices.
  • Central Bank Gold Buying: There’s a trend of central banks, particularly China, increasing their gold reserves. This consistent buying activity adds to overall demand for gold.

Here are some resources for further reading:

Here are some additional resources to explore further:

  • S&P Global Market Intelligence mentions the consensus forecast being slightly higher due to a shaky economic outlook ([source]).
  • Focus Economics provides gold price forecasts from various analysts ([source]).

Remember, these are forecasts, and the actual price of gold can and does fluctuate.

The consensus for the value of gold


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

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