GOLD reached a new record high!
Gold Spot;
Historic high GOLD!
Going almost straight up!
$2044.90 at 08:59 EST April 13, 2023.
Retreated slightly to $2044.50 at 09:03 EST.
https://www.kitco.com/charts/livegold.html
- Geowizard
Gold Spot
Moderator: chickenminer
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Geowizard
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Gold Spot
Guys and Gals,
GOLD reached a new record high!
Gold Spot;
Historic high GOLD!
Going almost straight up!
$2044.90 at 08:59 EST April 13, 2023.
Retreated slightly to $2044.50 at 09:03 EST.
https://www.kitco.com/charts/livegold.html
- Geowizard
GOLD reached a new record high!
Gold Spot;
Historic high GOLD!
Going almost straight up!
$2044.90 at 08:59 EST April 13, 2023.
Retreated slightly to $2044.50 at 09:03 EST.
https://www.kitco.com/charts/livegold.html
- Geowizard
-
Jim_Alaska
- Site Admin
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Re: Gold Spot
Great prices...but only if you are allowed to mine.
Jim_Alaska
Administrator
lindercroft@gmail.com
Administrator
lindercroft@gmail.com
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Geowizard
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Re: Gold Spot
Latest news;
GOLD investors are BUYING miners!
Are you a miner? Wanna be a miner? This is the Forum to watch and learn all of the tricks of the trade!
Stick around! There's more!
- Geowizard
GOLD investors are BUYING miners!
Are you a miner? Wanna be a miner? This is the Forum to watch and learn all of the tricks of the trade!
Stick around! There's more!
- Geowizard
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Geowizard
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Re: Gold Spot
Important tricks of the trade;
Follow the process...
Do the research and select a prospective area.
Get maps of geology and any other related data.
Find sources of Geophysical survey data - like this forum.
Prospect and get samples for assay or personal analysis.
Make a discovery.
File a mining claim.
Get an APMA - in Alaska!
Surround yourself with tools and become a miner!
In Alaska, you ARE allowed to mine!
Stick around! There's more!
- Geowizard
Follow the process...
Do the research and select a prospective area.
Get maps of geology and any other related data.
Find sources of Geophysical survey data - like this forum.
Prospect and get samples for assay or personal analysis.
Make a discovery.
File a mining claim.
Get an APMA - in Alaska!
Surround yourself with tools and become a miner!
In Alaska, you ARE allowed to mine!
Stick around! There's more!
- Geowizard
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Joe S (AK)
- Site Admin
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- Location: Usually Lost between AK and ID
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Re: Gold Spot
The fluctuating VALUE of the USD is a major factor when considering the fluctuating value of a Troy Ounce of Gold (or soy beans, diamonds, or even other metals). Add to that the "SPOT" value (a futures value and not actually the right-now-value) and suddenly the fluctuations seem to make a little sense. All of that understanding is often lost knowledge to those buying or selling Gold.
Compound that with Supply and Demand (or international S&D) as well as sell-offs to gain profits and it's hard to actually know the value, or buying power, of a certain quantity of Gold.
In a static world the buying power of a Troy Ounce of pure Gold would remain fixed and so a Troy Ounce of pure Gold would buy the same quantity of "Stuff" all the time. It's the outside influences on the buying power of a USD that cause fluctuations in "The Spot" at any given time.
The converse is also true - a whole bucket full of "Cheap Dollars" would buy much less weight of Gold as compared to that same bucket, only now filled this time with high value dollars.
Compound that with Supply and Demand (or international S&D) as well as sell-offs to gain profits and it's hard to actually know the value, or buying power, of a certain quantity of Gold.
In a static world the buying power of a Troy Ounce of pure Gold would remain fixed and so a Troy Ounce of pure Gold would buy the same quantity of "Stuff" all the time. It's the outside influences on the buying power of a USD that cause fluctuations in "The Spot" at any given time.
The converse is also true - a whole bucket full of "Cheap Dollars" would buy much less weight of Gold as compared to that same bucket, only now filled this time with high value dollars.
Determination, Tempered in the Heat of Stubbornness,
Really Gets Things Done!
Really Gets Things Done!
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Jim_Alaska
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Re: Gold Spot
And then there are nuggets and specimens, which should never be sold at "spot."
Jim_Alaska
Administrator
lindercroft@gmail.com
Administrator
lindercroft@gmail.com
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chickenminer
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Re: Gold Spot
Wow.... price of gold this morning at $2,117 USD !
Looking forward to Summer and washing rocks.
Looking forward to Summer and washing rocks.
_______________________________________________________________________________
C.R. "Dick" Hammond
Stonehouse Mining
Chicken, Alaska
C.R. "Dick" Hammond
Stonehouse Mining
Chicken, Alaska
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Geowizard
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Re: Gold Spot
Geowizards Analysis;
Today, it's down. Here's why:
Gold prices going up reflect the weakness of the US Dollar. As soon as we see an increase in GOLD prices, it is followed by a sharp downward spike as we see today. A "BIG" player is selling HIGH and driving GOLD prices lower! The Fed and the Treasury have a hand in this. They monitor GOLD. As the USD takes a hit, GOLD goes up. It takes MORE USD to buy the same troy Oz of GOLD! That's inflation.
The weakness in the USD against GOLD has to be controlled and can ONLY be controlled by one player in the market. GOLD goes up -> the Treasury dumps GOLD on the market -> driving the price down. This regulates GOLD and the USD within acceptable bounds. The treasury has 8000 +/- metric tonnes of GOLD. The price of GOLD going up should be good news for the treasury! The problem is - it shows a weak, "worth-less" USD.
Most adults in the room understand the problem with overspending and borrowing money to pay the interest on the loan. It's called borrowing your way out of debt.
Stick around and watch GOLD Spot right here with free commentary!
- Geowizard
Today, it's down. Here's why:
Gold prices going up reflect the weakness of the US Dollar. As soon as we see an increase in GOLD prices, it is followed by a sharp downward spike as we see today. A "BIG" player is selling HIGH and driving GOLD prices lower! The Fed and the Treasury have a hand in this. They monitor GOLD. As the USD takes a hit, GOLD goes up. It takes MORE USD to buy the same troy Oz of GOLD! That's inflation.
The weakness in the USD against GOLD has to be controlled and can ONLY be controlled by one player in the market. GOLD goes up -> the Treasury dumps GOLD on the market -> driving the price down. This regulates GOLD and the USD within acceptable bounds. The treasury has 8000 +/- metric tonnes of GOLD. The price of GOLD going up should be good news for the treasury! The problem is - it shows a weak, "worth-less" USD.
Most adults in the room understand the problem with overspending and borrowing money to pay the interest on the loan. It's called borrowing your way out of debt.
Stick around and watch GOLD Spot right here with free commentary!
- Geowizard